Section 71 of ICA : Section 71: Responsibility Of Finder Of Goods
The Indian Contract Act 1872
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Explanation using Example
Imagine Rita finds a smartphone in a park. According to Section 71 of the Indian Contract Act, 1872, once Rita picks up the phone with the intention to take care of it, she becomes its 'finder' and is responsible for it in a similar manner as a 'bailee' would be. This means Rita must take reasonable care of the smartphone until she can return it to its rightful owner or hand it over to the authorities if the owner cannot be found.