According to Section 71 of the Contract Act, a person who finds goods belonging to another and takes them into his custody, is subject to the same responsibility as a -----------
Explanation:
- Option 1: Bailee
- A bailee is a person who temporarily receives possession of a good or property from another, known as the bailor, for a specific purpose.
- According to Section 71, the finder of goods is like a bailee and must take care of them responsibly.
- Option 2: Bailor
- A bailor is a person who hands over goods or property to another (the bailee) under a contract of bailment.
- This role does not apply to a finder of goods.
- Option 3: Surety
- A surety is someone who agrees to be responsible for another's debt or obligation.
- This has no relevance in the context of finding goods.
- Option 4: Pawnor
- A pawnor is someone who pledges goods as security against a loan.
- This does not relate to finding goods.
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By: santosh