Under the Sale of Goods Act, 1930, a seller is also unpaid when a negotiable instrument is received as:
SOGA s.45(1)(b) treats a seller as unpaid where a negotiable instrument was received as conditional, not absolute, payment and the condition attached to it has not been…
Choose your answer
Under the Sale of Goods Act, 1930, a seller is also unpaid when a negotiable instrument is received as:
Answer and explanation
Correct answer B
SOGA s.45(1)(b) treats a seller as unpaid where a negotiable instrument was received as conditional, not absolute, payment and the condition attached to it has not been fulfilled.
Practice for these exams
-
UGC NET Law
Subject revision
See pack details on LawMint.net -
CUET PG Law (LL.M.)
Subject revision