Under the Sale of Goods Act, 1930, where the unpaid seller gives notice of his intention to re-sell and…
Section 54(2) entitles the seller who re-sells after notice "to recover from the original buyer damages for any loss occasioned by his breach of contract". He does not…
Choose your answer
Under the Sale of Goods Act, 1930, where the unpaid seller gives notice of his intention to re-sell and the buyer does not pay within a reasonable time, the seller may re-sell the goods. In such case, the seller may recover from the original buyer:
Answer and explanation
Correct answer B
Section 54(2) entitles the seller who re-sells after notice "to recover from the original buyer damages for any loss occasioned by his breach of contract". He does not recover the full price on top of the re-sale proceeds, and the Act provides for no penalty or bare interest instead.
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