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The finder of a lost item commonly sold in the market cannot locate its owner despite reasonable…

If the owner cannot be found with reasonable diligence or refuses to pay the lawful charges on demand, section 169 permits a finder to sell a thing commonly sold if the…

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The finder of a lost item commonly sold in the market cannot locate its owner despite reasonable diligence. The item is in no danger of perishing or losing most of its value. At what fraction of its value do the finder's lawful charges permit a sale under section 169 of the Indian Contract Act, 1872?

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Answer and explanation

Correct answer D

If the owner cannot be found with reasonable diligence or refuses to pay the lawful charges on demand, section 169 permits a finder to sell a thing commonly sold if the charges reach two thirds of its value.

The danger of perishing or losing most of its value is a separate ground for sale.

Option feedback

Option A

One quarter is short of the statutory threshold.

Option B

One half is short of the statutory threshold.

Option C

One third is short of the statutory threshold.

Option D

Section 169 permits sale on the charges ground when lawful charges amount to two thirds of the item's value.

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