Correct option is D
The correct match is
(d) Responsibility of finder of goods - Section 71 Indian Contract Act. Section 71 of the Indian Contract Act, 1872, deals with the responsibility of a person who finds goods belonging to another person. This section states that the finder of goods is subject to the same responsibility as a bailee and must take care of the goods as a man of ordinary prudence would take care of his own goods.
Information Booster Section 71 of the Indian Contract Act imposes a legal obligation on the finder of lost goods to act responsibly. The finder must make reasonable efforts to find the owner and return the goods. Until the owner is found, the finder has the rights and responsibilities similar to those of a bailee, which includes taking proper care of the goods and ensuring they are not damaged or misused.
Additional Knowledge Here’s why the other options are incorrect:
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(a) Person competent to contract - Section 10 Indian Contract Act: Section 10 of the Indian Contract Act specifies what agreements are contracts. While it outlines the conditions for a valid contract, the specific provision regarding competence to contract is covered under
Section 11, which defines who is competent to contract.
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(b) Acceptance must be absolute - Section 6 Indian Contract Act: Section 6 of the Indian Contract Act deals with how offers may be revoked, not about the nature of acceptance. The requirement that acceptance must be absolute is actually covered under
Section 7.
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(c) Revocation how made - Section 5 Indian Contract Act: Section 5 of the Indian Contract Act actually deals with how and when offers and acceptances can be revoked, making this option partially correct. However, it is less specific compared to the exact matching needed for this question, where Section 71 is the precise match for "Responsibility of finder of goods."
