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Urgent law please

Gaurav Mohnani (OWNER) (536 Points)

18 July 2012

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 ?

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4 Replies

SAURABH DILIP JOSHI (N.A.) (74 Points)
Replied 18 July 2012

C has lost the watch so on sale or return basis if debtor would not returned the good within stipulated time it is considered that he i. e. C has accepted good though he has lost it. All the risk and reward is considered to be tranferred to him therefore C should pay. if anything contary explanation do share with me.

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Gaurav Mohnani (OWNER) (536 Points)
Replied 18 July 2012

ARE U SURE ?????

SAMIR KUMAR (CA FINAL(GR. I CLEARED) CFA (IND)) (521 Points)
Replied 18 July 2012

Originally posted by : SAURABH DILIP JOSHI
	C has lost the watch so on sale or return basis if debtor would not returned the good within stipulated time it is considered that he i. e. C has accepted good though he has lost it. All the risk and reward is considered to be tranferred to him therefore C should pay. if anything contary explanation do share with me.