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Indian contract Act

Corporate & Other Laws

Prem bought a new car to gift to his son on his 19th birthday. Prem’s son Guddu, wanted to take his friends out for a ride in the new car for a treat. They went the famous Labela Café. Guddu found a Rado watch in the cafe; lying on the floor. Guddu tried to find the owner of the watch but all his efforts went in vain. Guddu got the watch repaired from the showroom by paying 9,500. Three days after Guddu found the watch, he came to know about the real owner of the watch, from the advertisement newspaper stating the loss of a watch in Labela Café, along with the reward of 10,000 to the finder of the watch. Guddu went to the owner to return the watch. Guddu demanded ` 15,000 as he had paid 9,500 for the repair of the watch. How much is Guddu allowed to get?

Screenshot_2023-04-24-14-02-23-418.jpeg

Sharon M Jacob

Sharon M Jacob

CA Inter

1K+

24-Apr-23 14:02

588

Answers (6)

Option c


Punitha Krishnaraj

Option c

As per section 168

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Punitha Krishnaraj

Punitha Krishnaraj

CA Final

5K+

24-Apr-23 19:21

Punitha Krishnaraj

As per section 168

Does he have the right to claim the prize money of Rs. 15000?


Thread Starter

Sharon M Jacob

Sharon M Jacob

CA Inter

1K+

24-Apr-23 19:38

Thread Starter

Sharon M Jacob

Does he have the right to claim the prize money of Rs. 15000?

When the question mentions about prize money and expenditure incurred by finder then the finder of goods can claim the prize money since it has more weight according to the law.


Anirudh gupta

Anirudh gupta

CA Inter

27K+

24-Apr-23 19:45

Option c


Dhruv ok

Dhruv ok

CA Inter

640

24-Apr-23 23:31

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