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Which of the following statement is incorrect about bailee's responsibility of Indian Railways?
A bailee is an individual who temporarily gains possession, but not ownership, of a good or other property.
IR is responsible as a bailee only for 7 days after termination of transit of the good.
Bailee's responsibility does not arise for goods such as animals, perishables and explosives
None of these
None of these
According to Indian Railway rules, the railway acts as a bailee for goods after the termination of transit for a specific period, and the statements provided in options 1, 2, and 3 are standard legal/procedural definitions regarding the bailee res...
According to Indian Railway rules, the railway acts as a bailee for goods after the termination of transit for a specific period, and the statements provided in options 1, 2, and 3 are standard legal/procedural definitions regarding the bailee responsibility of Indian Railways. Therefore, none of the statements are incorrect.
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