Under section 55(2) of the Sale of Goods Act, 1930, which price-payment term permits an action for the…
Section 55(2) permits an action for the price where the contract makes it payable on a day certain irrespective of delivery and the buyer wrongfully fails to pay when due.…
Choose your answer
Under section 55(2) of the Sale of Goods Act, 1930, which price-payment term permits an action for the price despite property not having passed, if the buyer wrongfully neglects or refuses to pay when due?
Answer and explanation
Correct answer B
Section 55(2) permits an action for the price where the contract makes it payable on a day certain irrespective of delivery and the buyer wrongfully fails to pay when due. Property need not have passed and the goods need not have been appropriated to the contract. Other remedies depend on their own statutory and contractual conditions.
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