Under the Sale of Goods Act, 1930, where seller reserves right of re-sale and buyer defaults, re-sale:
Under SOGA s.54(4), where the seller has expressly reserved a right of re-sale and re-sells on the buyer's default, that re-sale rescinds the original contract of sale.
Choose your answer
Under the Sale of Goods Act, 1930, where seller reserves right of re-sale and buyer defaults, re-sale:
Answer and explanation
Correct answer B
Under SOGA s.54(4), where the seller has expressly reserved a right of re-sale and re-sells on the buyer's default, that re-sale rescinds the original contract of sale.
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UGC NET Law
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CUET PG Law (LL.M.)
Subject revision