Under the Sale of Goods Act, 1930, the rules of insolvency relating to contracts for the sale of goods…
Section 66(2) says the rules in insolvency continue to apply to contracts for the sale of goods "notwithstanding anything contained in this Act". They therefore prevail over…
Choose your answer
Under the Sale of Goods Act, 1930, the rules of insolvency relating to contracts for the sale of goods continue to apply to them. This applies:
Answer and explanation
Correct answer B
Section 66(2) says the rules in insolvency continue to apply to contracts for the sale of goods "notwithstanding anything contained in this Act". They therefore prevail over the Act itself, and their application does not depend on the parties' agreement or a court's direction.
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