A person (A) sells his watch to another person say (B) on sale or return basis. And later on (B) gives his watch to (C) on sale or return basis. C lost the watch. Who will pay for the loss ?
Gaurav Mohnani (OWNER) (536 Points)
18 July 2012A person (A) sells his watch to another person say (B) on sale or return basis. And later on (B) gives his watch to (C) on sale or return basis. C lost the watch. Who will pay for the loss ?
SAURABH DILIP JOSHI
(N.A.)
(74 Points)
Replied 18 July 2012
SAMIR KUMAR
(CA FINAL(GR. I CLEARED) CFA (IND))
(521 Points)
Replied 18 July 2012
| Originally posted by : SAURABH DILIP JOSHI | ||
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C has lost the watch so on sale or return basis if debtor would not returned the good within stipulated time it is considered that he i. e. C has accepted good though he has lost it. All the risk and reward is considered to be tranferred to him therefore C should pay. if anything contary explanation do share with me. |
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I AGREE WITH MR JOSHI.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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