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Under Section 71 of the Indian Contract Act, 1872, a finder of lost goods who takes them into his…

Under section 71 of the Indian Contract Act, 1872, a finder who takes custody of another person’s goods has the same responsibility as a bailee. The duty arises from taking…

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Under Section 71 of the Indian Contract Act, 1872, a finder of lost goods who takes them into his custody is subject to the same responsibility as a:

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Correct answer C

Under section 71 of the Indian Contract Act, 1872, a finder who takes custody of another person’s goods has the same responsibility as a bailee. The duty arises from taking custody of the goods.

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Option A

A bailor is the person delivering goods in a bailment. The finder takes custody and bears the responsibility of a bailee.

Option B

A surety gives a guarantee and is a separate role under section 126.

Option C

Section 71 expressly applies the same responsibility as that of a bailee.

Option D

A principal debtor is the person whose default a guarantee covers and is a distinct statutory role.

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