Section 169 Indian Contract Act 1872 (When finder of thing …)
Section 169 Indian Contract Act 1872
Section 169 of the Indian Contract Act 1872 is about When finder of thing commonly on sale may sell it. It is under CHAPTER IX of the Act. CHAPTER IX is titled OF BAILMENT.
When finder of thing commonly on sale may sell it
When a thing which is commonly the subject of sale is lost, if the owner cannot with reasonable diligence be found, or if he refuses, upon demand, to pay the lawful charges of the finder, the finder may sell it—
(1) when the thing is in danger of perishing or of losing the greater part of its value, or,
(2) when the lawful charges of the finder, in respect of the thing found, amount to two-thirds of its value.
See also:
Section 168 Indian Contract Act 1872 (Right of finder of goods. May sue for specific reward offered)