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 A finder of lost goods can realise the goods if true owner cannot be found with ______.
  • a)
    Reasonable diligence
  • b)
    Ordinary diligence
  • c)
    Lack of diligence
  • d)
    Due diligence
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
A finder of lost goods can realise the goods if true owner cannot be f...
A Finder of goods has the power to sell the goods to give good title to the Buyer, if the owner of goods cannot be found with reasonable diligence. Reasonable diligence refers to the due diligence. It refers to he care expected from a logical and reasonable person.
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Community Answer
A finder of lost goods can realise the goods if true owner cannot be f...
Reasonable diligence is the correct answer in this scenario.

Explanation:
Finding lost goods and returning them to their rightful owners can be a moral and legal obligation. However, if the true owner cannot be found despite reasonable efforts, the finder can realize the goods for themselves. This principle is based on the concept of "finders keepers" but with certain conditions.

Reasonable Diligence:
Reasonable diligence refers to the level of effort and care that a person should reasonably exercise in attempting to locate the true owner of lost goods. It involves taking reasonable steps to find the owner, such as checking for identification, asking around, notifying the authorities, or posting advertisements.

Importance of Diligence:
Diligence is important because it demonstrates that the finder has made a genuine effort to return the lost goods. It shows that the finder has acted responsibly and ethically in attempting to find the true owner. By exercising reasonable diligence, the finder can avoid any potential legal consequences or accusations of theft.

Other Options:
- Ordinary Diligence: Ordinary diligence may not be sufficient in this case as it implies a lesser level of effort compared to reasonable diligence. It may not meet the legal requirement of making a genuine attempt to locate the true owner.
- Lack of Diligence: Lack of diligence implies a complete absence of effort or care in finding the true owner. This would not be a valid reason to realize the goods, as it would be seen as negligence or theft.
- Due Diligence: Due diligence refers to the level of care and caution expected in a particular situation. While it is important to exercise due diligence, in this specific scenario, reasonable diligence is the standard to be met.

Conclusion:
In summary, a finder of lost goods can realize the goods for themselves if the true owner cannot be found despite reasonable efforts. Reasonable diligence involves making a genuine attempt to locate the owner and is the level of effort expected in such situations. By exercising reasonable diligence, the finder can fulfill their moral and legal obligations and avoid any potential legal consequences.
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A finder of lost goods can realise the goods if true owner cannot be found with ______.a)Reasonable diligenceb)Ordinary diligencec)Lack of diligenced)Due diligenceCorrect answer is option 'A'. Can you explain this answer?
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A finder of lost goods can realise the goods if true owner cannot be found with ______.a)Reasonable diligenceb)Ordinary diligencec)Lack of diligenced)Due diligenceCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A finder of lost goods can realise the goods if true owner cannot be found with ______.a)Reasonable diligenceb)Ordinary diligencec)Lack of diligenced)Due diligenceCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A finder of lost goods can realise the goods if true owner cannot be found with ______.a)Reasonable diligenceb)Ordinary diligencec)Lack of diligenced)Due diligenceCorrect answer is option 'A'. Can you explain this answer?.
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