The position of finder of goods is same as that of
A. Bailor
B. Bailee
C. Creditor
D. True owner
Answer: Option B
Solution(By Examveda Team)
The position of a finder of goods is similar to that of a bailee under the Sale of Goods Act. A bailee is a person who is entrusted with the possession of goods by the owner (bailor) for a specific purpose. Similarly, a finder of goods is a person who comes into possession of goods that are lost or abandoned by their true owner.Both the bailee and the finder of goods have a duty to take care of the goods and act in the best interest of the owner. They do not acquire ownership of the goods but are responsible for their safekeeping and eventual return to the rightful owner.
Option A: Bailor, Option C: Creditor, and Option D: True owner are not the correct answers as they do not accurately represent the position of a finder of goods under the Sale of Goods Act.
Given the options provided, the correct answer is Option B: Bailee.
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Comments ( 1 )
The Sale of Goods Act, 1930 is based on:
A. The English Bill of Exchange Act, 1882
B. The Transfer of Property Act, 1882
C. The English Sale of Goods Act, 1893
D. The Indian Contract Act, 1872
Which of the following is not the right of an unpaid seller under Sale of Goods Act, 1930:
A. Right of lien on goods for the price while the goods are in possession of seller
B. Right of stopping the goods in transit, in case of insolvency of buyer
C. Right of resale as limited by the Act
D. Right of withholding delivery where the property in the goods has passed to the buyer
Under section 9 of the Sale of Goods Act, 1930, what is a reasonable price is
A. A question of fact
B. A question of law
C. A mixed question of fact and law
D. Only (C) and not (A) or (B)
Before the enactment of Sale of Goods Act, the provisions regarding Sale of Goods were contained in:
A. Indian Contract Act, 1872
B. Indian Registration Act, 1908
C. Transfer of Property Act, 1882
D. Indian Partnership Act, 1932
It's not A it's answer is option B