In accordance with the provisions of the Indian Contract Act, 1872, answer the following: (i) Rights of Bailor against any wrong doer (Third Party)…
CA Foundation · Business Laws · PYQS · September 2024
In accordance with the provisions of the Indian Contract Act, 1872, answer the following: (i) Rights of Bailor against any wrong doer (Third Party) (ii) Duties of the Pawnee
Suggested Answer and Working Notes:
(i) Suit by bailor & bailee against wrong doers [Section 180 of the Indian Contract Act,1872]: If a third person wrongfully deprives the bailee of the use or possession of the goods bailed, or does them any injury, the bailee is entitled to use such remedies as the owner might have used in the like case if no bailment had been made; and either the bailor or the bailee may bring a suit against a third person for such deprivation or injury. (ii) Duties of the Pawnee Pawnee has the following duties: a. Duty to take reasonable care of the pledged goods. b. Duty not to make unauthorized use of pledged goods. c. Duty to return the goods when the debt has been repaid or the promise has been performed. d. Duty not to mix his own goods with goods pledged. e. Duty not to do any act which is inconsistent with the terms of the pledge. f. Duty to return accretion to the goods, if any.
Topics: The Indian Contract Act, 1872
Related Questions in this Topic
- Some objects and consideration are unlawful. Define any six with reference to provisions of the Indian Contract Act, 187...
- In light of provisions of the Indian Contract Act, 1872 answer the following: (i) Mr. S and Mr. R made contract wherein...
- Mr. Sohan, a wealthy individual provided a loan of ₹ 80,000 to Mr. Mukesh on 26th February, 2025. The borrower, Mr. Muke...
- (i) Mr. L let out his residential house to Mr. M for ₹ 50,000 p.m. for a period of one year. According to the Rent agree...
- Preeti, a minor, falsely representing her age, enters into an agreement with an authorised Laptop dealer Mr. Mittal, own...