CA Foundation Exam > CA Foundation Questions > When the buyer and seller both reject the goo...
Start Learning for Free
When the buyer and seller both reject the goods and the goods are in transit, then
- a)It is deemed that the goods are still in transit.
- b)Transit is deemed to be ended.
- c)Carrier becomes the owner of the goods.
- d)None of these.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
When the buyer and seller both reject the goods and the goods are in t...
- Goods in Transit: When goods are being transported from seller to buyer, they are considered "in transit."
- Rejection by Buyer and Seller: If both reject the goods, the initial contract is disrupted, but it doesn't automatically end transit.
- Ownership and Responsibility: The carrier does not become the owner. The responsibility of deciding on the goods still lies with the seller or buyer until resolved.
- Conclusion: Since no party has accepted the goods, they remain in transit until further actions are taken.
- Rejection by Buyer and Seller: If both reject the goods, the initial contract is disrupted, but it doesn't automatically end transit.
- Ownership and Responsibility: The carrier does not become the owner. The responsibility of deciding on the goods still lies with the seller or buyer until resolved.
- Conclusion: Since no party has accepted the goods, they remain in transit until further actions are taken.
Free Test
FREE
| Start Free Test |
Community Answer
When the buyer and seller both reject the goods and the goods are in t...
Explanation:
Goods in Transit:
When goods are being transported from the seller to the buyer, they are said to be in transit.
Rejection by Buyer and Seller:
If both the buyer and seller reject the goods while they are still in transit, it is deemed that the goods are still in transit.
Legal Implications:
In this scenario, the goods have not reached the buyer, and both parties have rejected them. Therefore, the goods cannot be considered as delivered or accepted. The carrier is still responsible for the safe delivery of the goods to their final destination.
Ownership of Goods:
Until the goods reach the buyer and are accepted, the ownership of the goods remains with the seller. Even if both parties have rejected the goods, the carrier does not automatically become the owner.
Therefore, the correct answer is option 'A': It is deemed that the goods are still in transit. This is because the rejection by both the buyer and seller does not automatically end the transit of the goods.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
When the buyer and seller both reject the goods and the goods are in transit, thena)It is deemed that the goods are still in transit.b)Transit is deemed to be ended.c)Carrier becomes the owner of the goods.d)None of these.Correct answer is option 'A'. Can you explain this answer?
Question Description
When the buyer and seller both reject the goods and the goods are in transit, thena)It is deemed that the goods are still in transit.b)Transit is deemed to be ended.c)Carrier becomes the owner of the goods.d)None of these.Correct 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 When the buyer and seller both reject the goods and the goods are in transit, thena)It is deemed that the goods are still in transit.b)Transit is deemed to be ended.c)Carrier becomes the owner of the goods.d)None of these.Correct 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 When the buyer and seller both reject the goods and the goods are in transit, thena)It is deemed that the goods are still in transit.b)Transit is deemed to be ended.c)Carrier becomes the owner of the goods.d)None of these.Correct answer is option 'A'. Can you explain this answer?.
When the buyer and seller both reject the goods and the goods are in transit, thena)It is deemed that the goods are still in transit.b)Transit is deemed to be ended.c)Carrier becomes the owner of the goods.d)None of these.Correct 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 When the buyer and seller both reject the goods and the goods are in transit, thena)It is deemed that the goods are still in transit.b)Transit is deemed to be ended.c)Carrier becomes the owner of the goods.d)None of these.Correct 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 When the buyer and seller both reject the goods and the goods are in transit, thena)It is deemed that the goods are still in transit.b)Transit is deemed to be ended.c)Carrier becomes the owner of the goods.d)None of these.Correct answer is option 'A'. Can you explain this answer?.
Solutions for When the buyer and seller both reject the goods and the goods are in transit, thena)It is deemed that the goods are still in transit.b)Transit is deemed to be ended.c)Carrier becomes the owner of the goods.d)None of these.Correct 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 When the buyer and seller both reject the goods and the goods are in transit, thena)It is deemed that the goods are still in transit.b)Transit is deemed to be ended.c)Carrier becomes the owner of the goods.d)None of these.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
When the buyer and seller both reject the goods and the goods are in transit, thena)It is deemed that the goods are still in transit.b)Transit is deemed to be ended.c)Carrier becomes the owner of the goods.d)None of these.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for When the buyer and seller both reject the goods and the goods are in transit, thena)It is deemed that the goods are still in transit.b)Transit is deemed to be ended.c)Carrier becomes the owner of the goods.d)None of these.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of When the buyer and seller both reject the goods and the goods are in transit, thena)It is deemed that the goods are still in transit.b)Transit is deemed to be ended.c)Carrier becomes the owner of the goods.d)None of these.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice When the buyer and seller both reject the goods and the goods are in transit, thena)It is deemed that the goods are still in transit.b)Transit is deemed to be ended.c)Carrier becomes the owner of the goods.d)None of these.Correct 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