Who will pay for the loss ? help

1873 views 20 replies

Ya ,I Agree with Gokul,because 55000 is CP for Y not selling price,we need to find SP..B-68750

Answer is C But incase C turns insolvent or is unable to pay the money for anyother reason, then B should pay A from his own money and the property of goods stays with A. ( If C didn't lose the watch and returned it to B in reasonable time who returned it to A, A is bound to accept the watch, as he sent it on sale on approval basis. )

Generally, the basic thing behind an objective que. is the LOGIC attached to it.
However, in some cases, it is the teacher, who makes the questions, who only knows the correct answer, which all the students can't get.
We can only guess because there are different point of views of solving a single question.

It is only luck that we have referred to the correct point of view.

I feel the answer to the que, of Law is C), according to the concept that there are 3 conditions according to Section 24 of Sales of Goods Act, which means implied sale. Since C has lost the good, he wont be able to return it within reasonable time to B, who inturn would not be able to return to A.

However, the questioner may be asking that from whom A will demand the good, or he may be asking about the overall case, which is beyond the knowledge.

Well, further exams are subjective in which we can express our views by giving a note about our assumption.

I feel the point of TEJASWI perfect.

Thanksssss

The answer is B.

Yes the answer of consignment is 68750.

50000+5000(10 % of cost)= 55000

55000+ 13750 (20% of S.P / 25% of COST) = 68750

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details