Scribd Logo
Upload

Welcome to Scribd!

  • 23 views

    Contract: Bailment & Pledge

    Uploaded by

    Priya Arora
    A finder of goods is someone who finds property belonging to another person and takes custody of it. As a finder, they have certain rights and duties. They have a right of lien to retain the goods until compensated for any trouble taken, and can sue the owner for not upholding promises made. A finder can sell the found goods only under specific circumstances, such as if the owner cannot be found or refuses to pay lawful charges. The duties of a finder are to take reasonable care of the goods, not use them for personal purposes, avoid mixing them with their own items, and make efforts to locate the true owner.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Contract: Bailment & Pledge

    Uploaded by

    Priya Arora
    23 views6 pages
    A finder of goods is someone who finds property belonging to another person and takes custody of it. As a finder, they have certain rights and duties. They have a right of lien to retain the goods until compensated for any trouble taken, and can sue the owner for not upholding promises made. A finder can sell the found goods only under specific circumstances, such as if the owner cannot be found or refuses to pay lawful charges. The duties of a finder are to take reasonable care of the goods, not use them for personal purposes, avoid mixing them with their own items, and make efforts to locate the true owner.

    Original Description:

    finders of goods

    Original Title

    Contract : bailment & pledge

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    A finder of goods is someone who finds property belonging to another person and takes custody of it. As a finder, they have certain rights and duties. They have a right of lien to retain the goods until compensated for any trouble taken, and can sue the owner for not upholding promises made. A finder can sell the found goods only under specific circumstances, such as if the owner cannot be found or refuses to pay lawful charges. The duties of a finder are to take reasonable care of the goods, not use them for personal purposes, avoid mixing them with their own items, and make efforts to locate the true owner.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    23 views6 pages

    Contract: Bailment & Pledge

    Uploaded by

    Priya Arora
    A finder of goods is someone who finds property belonging to another person and takes custody of it. As a finder, they have certain rights and duties. They have a right of lien to retain the goods until compensated for any trouble taken, and can sue the owner for not upholding promises made. A finder can sell the found goods only under specific circumstances, such as if the owner cannot be found or refuses to pay lawful charges. The duties of a finder are to take reasonable care of the goods, not use them for personal purposes, avoid mixing them with their own items, and make efforts to locate the true owner.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 6

    Contract

    Bailment and Pledge FINDER OF GOODS

    Finder of Goods

    Sec. 71 lays down that a person who finds goods belonging to another and takes them into his custody is called the finder of goods and is subject to same responsibility as a bailee.

    Rights of finder of goods


    1. Right of lien Finder has the right to retain the goods till he is not compensated for.

    If trouble voluntarily taken, then he cannot sue the owner.

    2. Right to sue for reward Finder can always sue the owner for breach of promise given by the owner.

    3. Right of saleFinder has the right to sell the goods only in the following cases: a) owner cannot be found b) refuses to pay lawful charges c) goods are perishable d) lawful charges amount to 2/3 of the value.

    Duties of the finder of goods


    1.

    Reasonable care of the goods must be taken. Non usage of goods for his own purpose No mixing of goods with his own goods
    Must try his best to find the owner of goods.

    2.

    3. 4.

    Edited by : Priya Arora (6)

    You might also like