CA Foundation Exam > CA Foundation Questions > X sold rice to Y by sample and Y thinking tha...
Start Learning for Free
X sold rice to Y by sample and Y thinking that they were old rice, purchased them. In fact, the rice were new. In this case:
- a)Y is bound by the contract
- b)Y is not bound by the contract
- c)Y can recover damages from X
- d)Y can sue for replacement of new rice with old rice
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
X sold rice to Y by sample and Y thinking that they were old rice, pur...
Explanation:
The given scenario involves a contract between X and Y for the purchase of rice. X sold rice to Y by showing a sample and Y, believing that the rice was old, purchased them. However, it was later found that the rice was new. In this case, the following points should be considered:
1. Contractual obligation: When two parties enter into a contract, they are bound by its terms and conditions. In this case, X sold rice to Y and Y purchased it believing that it was old rice. Although the rice turned out to be new, Y is still bound by the contract as they agreed to purchase the rice based on the sample shown by X.
2. Importance of sample: In this case, the sample played a crucial role in the contract. Y relied on the sample shown by X and made the purchase decision based on it. Therefore, it is important for both parties to ensure that the sample accurately represents the goods being sold.
3. Remedies for breach of contract: If one party breaches the terms of the contract, the other party may be entitled to remedies such as damages or replacement of goods. However, in this case, Y cannot recover damages or sue for replacement of old rice with new rice as they were bound by the contract.
Conclusion:
In conclusion, Y is bound by the contract despite the fact that the rice turned out to be new. It is important for both parties to be diligent in their dealings and ensure that the sample accurately represents the goods being sold.
The given scenario involves a contract between X and Y for the purchase of rice. X sold rice to Y by showing a sample and Y, believing that the rice was old, purchased them. However, it was later found that the rice was new. In this case, the following points should be considered:
1. Contractual obligation: When two parties enter into a contract, they are bound by its terms and conditions. In this case, X sold rice to Y and Y purchased it believing that it was old rice. Although the rice turned out to be new, Y is still bound by the contract as they agreed to purchase the rice based on the sample shown by X.
2. Importance of sample: In this case, the sample played a crucial role in the contract. Y relied on the sample shown by X and made the purchase decision based on it. Therefore, it is important for both parties to ensure that the sample accurately represents the goods being sold.
3. Remedies for breach of contract: If one party breaches the terms of the contract, the other party may be entitled to remedies such as damages or replacement of goods. However, in this case, Y cannot recover damages or sue for replacement of old rice with new rice as they were bound by the contract.
Conclusion:
In conclusion, Y is bound by the contract despite the fact that the rice turned out to be new. It is important for both parties to be diligent in their dealings and ensure that the sample accurately represents the goods being sold.
Free Test
FREE
| Start Free Test |
Community Answer
X sold rice to Y by sample and Y thinking that they were old rice, pur...
Correct answer is option A because
Y assumed the rice to be old but actually it was new rice.
When X send the rice for sample, it was nowhere mentioned that the rice was old. So, it was not X's fault that he sold the rice asked by Y.
Thus, he cannot either sue X nor can replace the goods and is bound by the act.
Y assumed the rice to be old but actually it was new rice.
When X send the rice for sample, it was nowhere mentioned that the rice was old. So, it was not X's fault that he sold the rice asked by Y.
Thus, he cannot either sue X nor can replace the goods and is bound by the act.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
X sold rice to Y by sample and Y thinking that they were old rice, purchased them.In fact, the rice werenew. In this case:a)Y is bound by the contractb)Y is not bound by the contractc)Y can recover damages from Xd)Y can sue for replacement of new rice with old riceCorrect answer is option 'A'. Can you explain this answer?
Question Description
X sold rice to Y by sample and Y thinking that they were old rice, purchased them.In fact, the rice werenew. In this case:a)Y is bound by the contractb)Y is not bound by the contractc)Y can recover damages from Xd)Y can sue for replacement of new rice with old riceCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X sold rice to Y by sample and Y thinking that they were old rice, purchased them.In fact, the rice werenew. In this case:a)Y is bound by the contractb)Y is not bound by the contractc)Y can recover damages from Xd)Y can sue for replacement of new rice with old riceCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X sold rice to Y by sample and Y thinking that they were old rice, purchased them.In fact, the rice werenew. In this case:a)Y is bound by the contractb)Y is not bound by the contractc)Y can recover damages from Xd)Y can sue for replacement of new rice with old riceCorrect answer is option 'A'. Can you explain this answer?.
X sold rice to Y by sample and Y thinking that they were old rice, purchased them.In fact, the rice werenew. In this case:a)Y is bound by the contractb)Y is not bound by the contractc)Y can recover damages from Xd)Y can sue for replacement of new rice with old riceCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X sold rice to Y by sample and Y thinking that they were old rice, purchased them.In fact, the rice werenew. In this case:a)Y is bound by the contractb)Y is not bound by the contractc)Y can recover damages from Xd)Y can sue for replacement of new rice with old riceCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X sold rice to Y by sample and Y thinking that they were old rice, purchased them.In fact, the rice werenew. In this case:a)Y is bound by the contractb)Y is not bound by the contractc)Y can recover damages from Xd)Y can sue for replacement of new rice with old riceCorrect answer is option 'A'. Can you explain this answer?.
Solutions for X sold rice to Y by sample and Y thinking that they were old rice, purchased them.In fact, the rice werenew. In this case:a)Y is bound by the contractb)Y is not bound by the contractc)Y can recover damages from Xd)Y can sue for replacement of new rice with old riceCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of X sold rice to Y by sample and Y thinking that they were old rice, purchased them.In fact, the rice werenew. In this case:a)Y is bound by the contractb)Y is not bound by the contractc)Y can recover damages from Xd)Y can sue for replacement of new rice with old riceCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
X sold rice to Y by sample and Y thinking that they were old rice, purchased them.In fact, the rice werenew. In this case:a)Y is bound by the contractb)Y is not bound by the contractc)Y can recover damages from Xd)Y can sue for replacement of new rice with old riceCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for X sold rice to Y by sample and Y thinking that they were old rice, purchased them.In fact, the rice werenew. In this case:a)Y is bound by the contractb)Y is not bound by the contractc)Y can recover damages from Xd)Y can sue for replacement of new rice with old riceCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of X sold rice to Y by sample and Y thinking that they were old rice, purchased them.In fact, the rice werenew. In this case:a)Y is bound by the contractb)Y is not bound by the contractc)Y can recover damages from Xd)Y can sue for replacement of new rice with old riceCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice X sold rice to Y by sample and Y thinking that they were old rice, purchased them.In fact, the rice werenew. In this case:a)Y is bound by the contractb)Y is not bound by the contractc)Y can recover damages from Xd)Y can sue for replacement of new rice with old riceCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup