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Business Studies

Principles of Insurance

If bailee fai...

Question

If bailee fails to return the goods, he shall be liable for any ________ of the goods even without negligence on his part.

A

Loss

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B

Destruction

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C

Deterioration

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D

Loss, destruction or deterioration

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Solution

The correct option is D Loss, destruction or deterioration
Section 152, Indian Contract Law, 1872, states "Bailee when not liable for loss, etc., of thing bailed.—The bailee, in the absence of any special contract, is not responsible for the loss, destruction or deterioration of the thing bailed, if he has taken the amount of care of it described in section 151."

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