Principle: Whoever finds goods belonging to another and takes them into his custody is, in law, treated as a bailee and must take reasonable care of the goods. Facts: P finds a gold chain on a public bus and slips it into his pocket, then forgets about it. The chain is later destroyed in the wash. P is
ALiable for failing to take reasonable care of the chain as a finder-bailee
BLiable only if the owner threatens legal action
CNot liable, since the chain was lost in a public place
DNot liable, because he had no contract with the owner
Answer & Solution
Correct answer: A. Liable for failing to take reasonable care of the chain as a finder-bailee
Section 71 Indian Contract Act treats a finder as a bailee. The duty of reasonable care is independent of any contract. Forgetting valuable goods in clothes that go in the wash is a breach of that duty.
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