Who will pay for the loss ? help

hi, please help

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 ?

 

 

Replies (20)

I think B is responsible to pay A 

please give me the exact answer

 

I think c because in this question it is not mentioned that who is responsble for whom.....c for b and b for a...c will pay to b and b will pass on to a.(as per me....)

Consignment que .. X send good rs. 50000 y at cost+10% y send it to c 20% of invoice price amount of sale wii be? A-55000 B-68750 C-6600 D-5000

Even though ownership of goods does not pass, there exists a bailee, bailor relationship between A & B and B & C . one of the duties of the bailee, is to take care of the goods given by bailor as much as a prudent man in the same situation takes. As C lost the watch, We could assume that he didn't take proper care of the watch and as such is liable to B who is in turn liable to A for giving the watch to a person who couldn't take proper care of the watch. so Answer is C who will pay to B who will inturn pay to A

Since 50000 is cost price X sends ===> To Y @ ( 50000 + 10 % ) = 55000 

and Y sends ====> To X @ ( 55000 + 20 % ) = 66000

(Note : since Y gets the goods form X at Cost+Mark up == Invoice Price ) so Calculating 20 % on it will be the solution

thaanks alot !!

In sale or return basis, the buyer once does something to acknowledge that he is the owner of the goods the sale is complete. It cannot be returned back. So, in this case both B and C has acted in a way to become owners. So c has to pay to B and B has to pay to A. B's payment is not based on C's payment to him.

Originally posted by : Aravind..

In sale or return basis, the buyer once does something to acknowledge that he is the owner of the goods the sale is complete. It cannot be returned back. So, in this case both B and C has acted in a way to become owners. So c has to pay to B and B has to pay to A. B's payment is not based on C's payment to him.


Truly agree with Arvind

so C is the answer ?

Originally posted by : Aravind..

In sale or return basis, the buyer once does something to acknowledge that he is the owner of the goods the sale is complete. It cannot be returned back. So, in this case both B and C has acted in a way to become owners. So c has to pay to B and B has to pay to A. B's payment is not based on C's payment to him.

Agree with Aravind....

answer kya hai ????

PLEASE NOTE IMPORTANT! THE ANSWER stated by Navin is wrong.

 

THE ACTUAL QUESTION IS 

Consignment que .. X send good rs. 50000 Y at cost+10%

Y send it to C at profit of  20% in SELLING PRICE..

What is the cost of good to C?

A-55000 B-68750 C-6600 D-5000

 

X sends it to Y at 50,000 at cost + 10% = 50,000 + 5,000 = 55,000

Y sends it to C at 20% on selling price..  That is

If selling price is 100, profit is 20, so cost price is 80. so when cost for Y is 55,000, his selling price is

(100/80)*55,000= 68750

 

ANSWER IS B

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details