search this site - type your query and submit

Daily Email Newsletter (Sign-up Free)

Section 159, Contract Act 1872: Restoration Of Goods Lent Gratuitously

Section 159 under the Chapter IX (Of bailment) of the Contract Act, 1872 of India - 'Restoration of goods lent gratuitously', is reproduced hereunder:—

“The lender of a thing for use may at any time require its return, if the loan was gratuitous, even through he lent it for a specified time or purpose. But if, on the face of such loan made for a specified time or purpose, the borrower has acted in such a manner that the return of the thing lent before the time agreed upon would cause him loss exceeding the benefit actually derived by him from the loan, the lender must, if he compels the return, indemnify the borrower for the amount in which the loss so occasioned exceeds the benefit so derived.”

No comments:

Post a Comment

In comment with "Name/Url" option, only Name is mandatory to be filled.