Where the price under a contract of sale is to be fixed by the valuation of a third party who fails to…
Section 10(1) ordinarily avoids an agreement when the appointed third party fails to value the goods. Its proviso requires a reasonable price for goods already delivered to…
Choose your answer
Where the price under a contract of sale is to be fixed by the valuation of a third party who fails to fix the valuation, but goods are supplied to the buyer, under section 10 of the Sale of Goods Act, 1930, the buyer is:
Answer and explanation
Correct answer A
Section 10(1) ordinarily avoids an agreement when the appointed third party fails to value the goods. Its proviso requires a reasonable price for goods already delivered to and appropriated by the buyer. The stated supply to the buyer engages this rule rather than entitling the buyer to retain the goods free of payment.
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