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Where by a contract of sale, the seller purports to effect a ………………the contract operates as an agreement to sell:
- a)Future sale of existing goods
- b)Present sale of existing goods
- c)Future sale of future goods
- d)Present sale of future goods
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Where by a contract of sale, the seller purports to effect a …&...
Sale of goods which he has no right to sell, the buyer acquires no better title to the goods than the seller had. This means that if the seller did not have the legal right to sell the goods in the first place, the buyer cannot claim ownership of the goods even after paying for them. The buyer's recourse in such a situation is to seek a refund of the purchase price from the seller or to sue the seller for damages. It is therefore important for buyers to ensure that the seller has the legal right to sell the goods before entering into a contract of sale.
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Where by a contract of sale, the seller purports to effect a …&...
The contract is for the present sale of future goods and a contract for the sale of future goods is always an agreement to sell. It is never an actual sale because a person can't tell about that goods which is not in existence.
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Where by a contract of sale, the seller purports to effect a ………………the contract operates as an agreement to sell:a)Future sale of existing goodsb)Present sale of existing goodsc)Future sale of future goodsd)Present sale of future goodsCorrect answer is option 'D'. Can you explain this answer?
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Solutions for Where by a contract of sale, the seller purports to effect a ………………the contract operates as an agreement to sell:a)Future sale of existing goodsb)Present sale of existing goodsc)Future sale of future goodsd)Present sale of future goodsCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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