CA Foundation Exam  >  CA Foundation Questions  >  The unpaid seller is not required to inform t... Start Learning for Free
The unpaid seller is not required to inform the buyer in case he resells the goods but the goods must be: 
  • a)
    Perishable goods 
  • b)
    Non-perishable goods 
  • c)
    Durable goods 
  • d)
    Consumer goods 
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
The unpaid seller is not required to inform the buyer in case he resel...
Perishable goods: Goods such as food products that must be used within a short period of time.
View all questions of this test
Most Upvoted Answer
The unpaid seller is not required to inform the buyer in case he resel...
Unpaid Seller's Obligation to Inform Buyer about Reselling Goods

The correct answer to the given question is option 'A', which states that the unpaid seller is not required to inform the buyer in case he resells perishable goods. This means that if the goods in question are perishable, the seller does not have an obligation to notify the buyer about reselling them.

Explanation:

The concept of an unpaid seller and their obligations arises in the context of a buyer-seller relationship where the buyer defaults on the payment for the goods purchased. In such a situation, the seller becomes an unpaid seller, and different rules and obligations apply to them.

Unpaid Seller:
An unpaid seller refers to a seller who has not received the full payment for the goods sold or who has received a bill of exchange or other negotiable instrument for the payment that has been dishonored. In this case, the seller still has certain rights and obligations towards the goods in their possession.

Obligations of an Unpaid Seller:
1. Delivery of Goods: The unpaid seller must deliver the goods to the buyer or any authorized agent of the buyer.
2. Right to Resell: If the buyer defaults on the payment, the unpaid seller has the right to resell the goods under certain circumstances.
3. Notice of Intention to Resell: Generally, the unpaid seller is required to give notice to the buyer of their intention to resell the goods. This notice serves to inform the buyer about the seller's intention to resell the goods and gives the buyer an opportunity to pay the outstanding amount and take possession of the goods.
4. Perishable Goods Exception: However, in the case of perishable goods, the unpaid seller is not required to provide notice of their intention to resell the goods. Perishable goods are those that are likely to decay, spoil, or become unfit for use if not consumed or sold within a short period of time. Examples of perishable goods include fresh produce, dairy products, and flowers.

Conclusion:
In conclusion, the unpaid seller is not required to inform the buyer in case he resells the goods, but this exception only applies to perishable goods. For non-perishable, durable, or consumer goods, the unpaid seller is generally obligated to provide notice of their intention to resell the goods to the buyer.
Free Test
Community Answer
The unpaid seller is not required to inform the buyer in case he resel...
A =perishable good s
Explore Courses for CA Foundation exam
The unpaid seller is not required to inform the buyer in case he resells the goods but the goods must be:a)Perishable goodsb)Non-perishable goodsc)Durable goodsd)Consumer goodsCorrect answer is option 'A'. Can you explain this answer?
Question Description
The unpaid seller is not required to inform the buyer in case he resells the goods but the goods must be:a)Perishable goodsb)Non-perishable goodsc)Durable goodsd)Consumer goodsCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The unpaid seller is not required to inform the buyer in case he resells the goods but the goods must be:a)Perishable goodsb)Non-perishable goodsc)Durable goodsd)Consumer goodsCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The unpaid seller is not required to inform the buyer in case he resells the goods but the goods must be:a)Perishable goodsb)Non-perishable goodsc)Durable goodsd)Consumer goodsCorrect answer is option 'A'. Can you explain this answer?.
Solutions for The unpaid seller is not required to inform the buyer in case he resells the goods but the goods must be:a)Perishable goodsb)Non-perishable goodsc)Durable goodsd)Consumer goodsCorrect 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 The unpaid seller is not required to inform the buyer in case he resells the goods but the goods must be:a)Perishable goodsb)Non-perishable goodsc)Durable goodsd)Consumer goodsCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The unpaid seller is not required to inform the buyer in case he resells the goods but the goods must be:a)Perishable goodsb)Non-perishable goodsc)Durable goodsd)Consumer goodsCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for The unpaid seller is not required to inform the buyer in case he resells the goods but the goods must be:a)Perishable goodsb)Non-perishable goodsc)Durable goodsd)Consumer goodsCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of The unpaid seller is not required to inform the buyer in case he resells the goods but the goods must be:a)Perishable goodsb)Non-perishable goodsc)Durable goodsd)Consumer goodsCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The unpaid seller is not required to inform the buyer in case he resells the goods but the goods must be:a)Perishable goodsb)Non-perishable goodsc)Durable goodsd)Consumer goodsCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev