Section 169 of the Indian Contract Act, 1872 – When finder of thing commonly on sale may sell it

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Section 169: 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.

Source: official text of The Indian Contract Act, 1872 as published on India Code (PDF). All sections of the Indian Contract Act, 1872.

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