Under section 61(2)(a) of the Sale of Goods Act, 1930, what interest may a court award in a seller's…
Section 61(2)(a) permits the court to award interest at the rate it thinks fit from the date the price became payable, absent a contract to the contrary.
Choose your answer
Under section 61(2)(a) of the Sale of Goods Act, 1930, what interest may a court award in a seller's suit for the price, in the absence of a contract to the contrary?
Answer and explanation
Correct answer A
Section 61(2)(a) permits the court to award interest at the rate it thinks fit from the date the price became payable, absent a contract to the contrary.
Option feedback
Option A
The provision permits the court to choose an appropriate rate and award interest from the date the price became payable.
Option B
The provision does not make a demand notice the earliest accrual date.
Option C
The provision permits interest before filing when the price was payable earlier.
Option D
Section 61(2)(a) confers discretion to award interest to the seller.
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