Under the Sale of Goods Act, 1930, where an auction sale is not notified to be subject to a right to…
Section 64(4) states that "any sale contravening this rule may be treated as fraudulent by the buyer". The sale is not void in itself, the choice lies with the buyer rather…
Choose your answer
Under the Sale of Goods Act, 1930, where an auction sale is not notified to be subject to a right to bid on behalf of the seller, the seller may not bid or employ any person to bid, nor may the auctioneer knowingly take such a bid. A sale in contravention of this rule may be treated as:
Answer and explanation
Correct answer C
Section 64(4) states that "any sale contravening this rule may be treated as fraudulent by the buyer". The sale is not void in itself, the choice lies with the buyer rather than the seller, and the Act imposes no fine on the auctioneer.
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