CA Foundation Exam  >  CA Foundation Questions  >  A person finds goods belonging to another per... Start Learning for Free
A person finds goods belonging to another person in a public place. In such a case, the finder:
  • a)
    Become the owner of the goods 
  • b)
    Does not become the owner of the goods but can use them
  • c)
    Is under duty to trace the owner and return the goods to him 
  • d)
    Can sell them without making any efforts to trace the owner
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
A person finds goods belonging to another person in a public place. In...
Explanation:


  • Legal Principle: The legal principle states that when a person finds goods belonging to another person in a public place, the finder is under a duty to trace the owner and return the goods to him.

  • Ownership: The finder does not become the owner of the goods by simply finding them in a public place.

  • Responsibility: It is the moral and legal responsibility of the finder to make efforts to trace the owner and return the goods to them.

  • Selling without tracing the owner: It is not permissible for the finder to sell the goods without making any efforts to trace the owner.

  • Ethical Consideration: Returning the found goods to the rightful owner is not only a legal obligation but also an ethical responsibility towards the owner.

Explore Courses for CA Foundation exam
A person finds goods belonging to another person in a public place. In such a case, the finder:a)Become the owner of the goodsb)Does not become the owner of the goods but can use themc)Is under duty to trace the owner and return the goods to himd)Can sell them without making any efforts to trace the ownerCorrect answer is option 'C'. Can you explain this answer?
Question Description
A person finds goods belonging to another person in a public place. In such a case, the finder:a)Become the owner of the goodsb)Does not become the owner of the goods but can use themc)Is under duty to trace the owner and return the goods to himd)Can sell them without making any efforts to trace the ownerCorrect answer is option 'C'. 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 person finds goods belonging to another person in a public place. In such a case, the finder:a)Become the owner of the goodsb)Does not become the owner of the goods but can use themc)Is under duty to trace the owner and return the goods to himd)Can sell them without making any efforts to trace the ownerCorrect answer is option 'C'. 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 person finds goods belonging to another person in a public place. In such a case, the finder:a)Become the owner of the goodsb)Does not become the owner of the goods but can use themc)Is under duty to trace the owner and return the goods to himd)Can sell them without making any efforts to trace the ownerCorrect answer is option 'C'. Can you explain this answer?.
Solutions for A person finds goods belonging to another person in a public place. In such a case, the finder:a)Become the owner of the goodsb)Does not become the owner of the goods but can use themc)Is under duty to trace the owner and return the goods to himd)Can sell them without making any efforts to trace the ownerCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of A person finds goods belonging to another person in a public place. In such a case, the finder:a)Become the owner of the goodsb)Does not become the owner of the goods but can use themc)Is under duty to trace the owner and return the goods to himd)Can sell them without making any efforts to trace the ownerCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A person finds goods belonging to another person in a public place. In such a case, the finder:a)Become the owner of the goodsb)Does not become the owner of the goods but can use themc)Is under duty to trace the owner and return the goods to himd)Can sell them without making any efforts to trace the ownerCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for A person finds goods belonging to another person in a public place. In such a case, the finder:a)Become the owner of the goodsb)Does not become the owner of the goods but can use themc)Is under duty to trace the owner and return the goods to himd)Can sell them without making any efforts to trace the ownerCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of A person finds goods belonging to another person in a public place. In such a case, the finder:a)Become the owner of the goodsb)Does not become the owner of the goods but can use themc)Is under duty to trace the owner and return the goods to himd)Can sell them without making any efforts to trace the ownerCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A person finds goods belonging to another person in a public place. In such a case, the finder:a)Become the owner of the goodsb)Does not become the owner of the goods but can use themc)Is under duty to trace the owner and return the goods to himd)Can sell them without making any efforts to trace the ownerCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev