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Question no.9 indian contract act

  Question A delivers certain goods to B as a bailee for a specific purpose. B takes reasonable care of the goods but, despite such care, the goods are destroyed by an unavoidable accident. Later, B incurs certain necessary expenses for the preservation of the remaining goods. B refuses to return the goods until those expenses are reimbursed. Decide the rights and liabilities of A and B with reference to Sections 151, 158, 160 and 170 of the Indian Contract Act, 1872. Answer Under Section 151, a bailee is bound to take as much care of the goods bailed as a person of ordinary prudence would take of his own goods. Since B took reasonable care, he is not liable for the destruction caused by an unavoidable accident. Under Section 158, where the bailment is gratuitous, the bailor must repay necessary expenses incurred by the bailee for carrying out the purpose of the bailment. Under Section 160, the bailee must return the goods to the bailor when the agreed period or purpose of bailment...
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  You said: Section 146 to 171 contract act Make a question with answer ChatGPT said: Indian Contract Act, 1872 — Sections 146 to 171 Question A delivers certain goods to B as a bailee for a specific purpose. B takes reasonable care of the goods but, despite such care, the goods are destroyed by an unavoidable accident. Later, B incurs certain necessary expenses for the preservation of the remaining goods. B refuses to return the goods until those expenses are reimbursed. Decide the rights and liabilities of A and B with reference to Sections 151, 158, 160 and 170 of the Indian Contract Act, 1872. Answer Under Section 151 , a bailee is bound to take as much care of the goods bailed as a person of ordinary prudence would take of his own goods. Since B took reasonable care, he is not liable for the destruction caused by an unavoidable accident. Under Section 158 , where the bailment is gratuitous, the bailor must repay necessary expenses incurred by the bailee for carrying out the...
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Contract act question

  You sai ChatGPT said: A pledges his gold necklace with B, a money-lender, for a loan of ₹2,00,000. The parties agree that the loan will be repaid within six months. A fails to repay the loan on the due date. B, after giving reasonable notice to A, sells the necklace to C for ₹2,30,000. Before the sale, A had offered to repay the entire loan with interest, but B refused to accept the payment. Later, the actual sale price is found to be ₹2,50,000. A claims the necklace back and also claims the excess amount. Explain the rights of A and B under Sections 172 to 177 of the Indian Contract Act, 1872. Answer A pledge is the bailment of goods as security for payment of a debt or performance of a promise under Section 172. Under Section 173 , B, as pawnee, has a right to retain the pledged goods for the debt, interest and necessary expenses incurred for their possession. Under Section 174 , B may retain the goods for certain subsequent advances only where the contract so provides. Under ...
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