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Seller has right of resale where
- a)goods are perishable.
- b)seller has reserved such right.
- c)seller gives notice.
- d)all of these.
Correct answer is option 'D'. Can you explain this answer?
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Seller has right of resale wherea)goods are perishable.b)seller has re...
The Right of Resale for a Seller
The "right of resale" is the right of the seller to resell the goods that were originally sold to a buyer. This right is granted under certain circumstances, which are discussed below:
Perishable Goods
If goods are perishable, the seller has the right to resell them without any notice to the buyer. This is because perishable goods, such as fruits and vegetables, have a limited shelf life, and if they are not sold within that time, they become worthless.
Reserved Right
In some cases, the seller may reserve the right to resell the goods in the contract of sale. This means that the buyer agrees to the seller's right to resell the goods if certain conditions are met.
Notice
If the seller does not have the right of resale reserved in the contract of sale, they can still exercise this right by giving notice to the buyer. The notice must be given within a reasonable time after the buyer's breach of contract. The seller must also give the buyer a reasonable opportunity to pay for and take delivery of the goods before reselling them.
All of the Above
The correct answer is "D" because all of the above circumstances grant the seller the right of resale. It is important for buyers and sellers to understand this right, as it can have significant implications for both parties in a sales transaction.
The "right of resale" is the right of the seller to resell the goods that were originally sold to a buyer. This right is granted under certain circumstances, which are discussed below:
Perishable Goods
If goods are perishable, the seller has the right to resell them without any notice to the buyer. This is because perishable goods, such as fruits and vegetables, have a limited shelf life, and if they are not sold within that time, they become worthless.
Reserved Right
In some cases, the seller may reserve the right to resell the goods in the contract of sale. This means that the buyer agrees to the seller's right to resell the goods if certain conditions are met.
Notice
If the seller does not have the right of resale reserved in the contract of sale, they can still exercise this right by giving notice to the buyer. The notice must be given within a reasonable time after the buyer's breach of contract. The seller must also give the buyer a reasonable opportunity to pay for and take delivery of the goods before reselling them.
All of the Above
The correct answer is "D" because all of the above circumstances grant the seller the right of resale. It is important for buyers and sellers to understand this right, as it can have significant implications for both parties in a sales transaction.
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Seller has right of resale wherea)goods are perishable.b)seller has re...
As per the Sale of Goods Act 1930, A seller is the owner of the goods he has reserved the right to resale the goods but only in some situations n with some conditions like sale by a person in possession after sale which means a seller has the possession of the goods after the sale also in such case he should give a notice to the buyer n wait for reasonable time for the reply by him n if the buyer does not reply then the seller can resale the goods to 3rd party n by this if any loss takes place then the losses r borne by the buyer n if notice is not given then in that case the seller will borne the losses . If goods are of perishable then a person who has the possession of the goods he has the right to sell the goods n return the whatever he has earned from selling those perishable goods to the real owner .thus in this case all of the above answers are correct
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Seller has right of resale wherea)goods are perishable.b)seller has reserved such right.c)seller gives notice.d)all of these.Correct answer is option 'D'. Can you explain this answer?
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