Multiple choice

Deepak sends goods on consignment worth Rs. 50,000 to Prakash. Goods worth Rs. 5,000 are lost by fire. Who will bear this loss?

  1. Prakash

  2. Deepak

  3. Both Deepak and Prakash equally

  4. Third party
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Deepak would bear this loss, since he is the consignor and owner of these goods and he has purchased these goods. He has the whole right on the profit earned by selling the goods.

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