Multiple choice general knowledge

If book is lost or damaged while with Book Borrower

  1. Repository Team will replace book or reimburse Book Owner the Expected Value of book, whichever is less, from the budget from TCS Maitree.

  2. Repository volunteer makes a note in the Repository records.

  3. Book Borrower is required to either replace book or reimburse Book Owner the Expected Value of book, whichever is less.

  4. No action to be taken.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

When a borrower loses or damages a book, they bear the responsibility for replacement or reimbursement. This is a standard library/club policy principle. The Expected Value represents the fair market value of the book, and the borrower must either replace the book or compensate the owner.

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