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# Who will pay for the loss ? help

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OWNER

[ Scorecard : 479]
Posted On 18 June 2012 at 13:38

A person (A) sells his watch to another person say (B) on sale or return basis. And later on (B) gives his watch to (C) on sale or return basis. C lost the watch. Who will pay for the loss ?

Hemchand
IPCC

[ Scorecard : 732]
Posted On 18 June 2012 at 14:45

I think B is responsible to pay A

Gaurav Mohnani
OWNER

[ Scorecard : 479]
Posted On 18 June 2012 at 17:54

sandeep
student

[ Scorecard : 32]
Posted On 18 June 2012 at 18:13

I think c because in this question it is not mentioned that who is responsble for whom.....c for b and b for a...c will pay to b and b will pass on to a.(as per me....)

Gaurav Mohnani
OWNER

[ Scorecard : 479]
Posted On 18 June 2012 at 19:14

Consignment que .. X send good rs. 50000 y at cost+10% y send it to c 20% of invoice price amount of sale wii be? A-55000 B-68750 C-6600 D-5000

Tejaswi Kasturi
student-cpt

[ Scorecard : 402]
Posted On 18 June 2012 at 21:14

Even though ownership of goods does not pass, there exists a bailee, bailor relationship between A & B and B & C . one of the duties of the bailee, is to take care of the goods given by bailor as much as a prudent man in the same situation takes. As C lost the watch, We could assume that he didn't take proper care of the watch and as such is liable to B who is in turn liable to A for giving the watch to a person who couldn't take proper care of the watch. so Answer is C who will pay to B who will inturn pay to A

Navin
Student

[ Scorecard : 44]
Posted On 18 June 2012 at 21:43

Since 50000 is cost price X sends ===> To Y @ ( 50000 + 10 % ) = 55000

and Y sends ====> To X @ ( 55000 + 20 % ) = 66000

(Note : since Y gets the goods form X at Cost+Mark up == Invoice Price ) so Calculating 20 % on it will be the solution

Gaurav Mohnani
OWNER

[ Scorecard : 479]
Posted On 18 June 2012 at 23:32

thaanks alot !!

Aravind..
student

[ Scorecard : 1247]
Posted On 19 June 2012 at 07:55

In sale or return basis, the buyer once does something to acknowledge that he is the owner of the goods the sale is complete. It cannot be returned back. So, in this case both B and C has acted in a way to become owners. So c has to pay to B and B has to pay to A. B's payment is not based on C's payment to him.

*RENU SINGH *
.......... !

[ Scorecard : 18335]
Posted On 19 June 2012 at 09:41

 Originally posted by : Aravind.. In sale or return basis, the buyer once does something to acknowledge that he is the owner of the goods the sale is complete. It cannot be returned back. So, in this case both B and C has acted in a way to become owners. So c has to pay to B and B has to pay to A. B's payment is not based on C's payment to him.

Truly agree with Arvind

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