Under the Sale of Goods Act, 1930, interest may be awarded at:
Section61(2) permits interest at a rate the court thinks fit, in the absence of a contract to the contrary. It fixes neither a six-percent rate nor an RBI bank rate. The…
Choose your answer
Under the Sale of Goods Act, 1930, interest may be awarded at:
Answer and explanation
Correct answer C
Section61(2) permits interest at a rate the court thinks fit, in the absence of a contract to the contrary. It fixes neither a six-percent rate nor an RBI bank rate. The statutory discretion does not authorise ignoring an applicable contrary contractual term.
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