A owes B 2,000 rupees. B accepts some of A's goods in reduction of the debt. What is the legal effect…
Illustration (c) to section 50: "The delivery of goods operates as a part payment." Performance may be made in any manner the promisee sanctions, and B sanctioned payment in…
Choose your answer
A owes B 2,000 rupees. B accepts some of A's goods in reduction of the debt. What is the legal effect of the delivery of the goods?
Answer and explanation
Correct answer B
Illustration (c) to section 50: "The delivery of goods operates as a part payment." Performance may be made in any manner the promisee sanctions, and B sanctioned payment in goods. Because B took the goods only in reduction of the debt, not in satisfaction of the whole, the balance remains due.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
IIT Kharagpur LL.M. Entrance
Subject revision
See pack details on LawMint.net -
CLAT PG
Subject revision for a passage-based exam
-
CUET PG Law (LL.M.)
Subject revision
-
AILET PG
Subject revision
-
Supreme Court Law Clerk and Research Associate
Subject revision
-
Bihar Judicial Services
Subject revision
-
Uttarakhand Judicial Services
Subject revision