A seller is unpaid when
1 . Whole of the price have not been tendered
2 . A negotiable instrument given has been dishonoured
3 . A bill of exchange given was dishonoured
4 . A part of the price has only been paid
Which of the following is the Right of Unpaid Seller
1 . Right to re-sale
2 . Right to stop the goods in transit
3 . Right of lien
4 . Right to demand back the goods
A sold a tin of disinfectant powder to K without warning knowing fully that if the tin was not opened with care, it will likely to cause injury. K was injured while opening the tin.Which of the following statement(s) is/are correct?
A purchased a refrigerator on hire purchase from B and pledged with C. D purchased the refrigerator from C in good faith, on knowing the facts B wants to recover the refrigerator from D. Which of the following statement(s) is/are correct?
A timber merchant agreed to supply best teak at a certain agreed price to a builder. Later the merchant supplied timber which was identified as ordinary class of timber and demanded the payment from the builder. Which of the following statements is/are true?
‘A’ acquired certain goods from ‘C’ by falsely representing that he was acting on behalf of ‘B’ and was authorized to collect the goods. ‘A’ later sold the goods to ‘D’. Is the sale valid?
In a concluded sale, if the goods are destroyed, the loss is to be borne by
R, a grain merchant, displays wheat of different varieties. A after satisfying himself of the quality buys the wheat in the belief that the wheat is of earlier harvest. In fact the wheat is of recent harvest. A wants to return the wheat and refuses to pay the price. Which of the following is/are true?