Which price-payment condition makes a seller an unpaid seller under section 45(1)(a) of the Sale of…
Section 45(1)(a) applies while any part of the total price remains neither paid nor effectively tendered. Part payment does not end that status unless the outstanding…
Choose your answer
Which price-payment condition makes a seller an unpaid seller under section 45(1)(a) of the Sale of Goods Act, 1930?
Answer and explanation
Correct answer B
Section 45(1)(a) applies while any part of the total price remains neither paid nor effectively tendered. Part payment does not end that status unless the outstanding balance is paid or validly tendered. Section 45(1)(b) separately covers conditional payment by a negotiable instrument where the payment condition fails.
Practice for these exams
-
UGC NET Law
Subject revision
See pack details on LawMint.net -
CUET PG Law (LL.M.)
Subject revision