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In the contract of sale of goods, implied condition is :
- a)Essential to the main purpose of the contract.
- b)Collateral to the main purpose of the contract.
- c)Desirable to the main purpose of the contract.
- d)Essential and collateral to the main purpose of the contract.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
In the contract of sale of goods, implied condition is :a)Essential to...
As per section 12(3),of the sale of goods act 1930 state that condition is essential to the main purpose of the contract
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In the contract of sale of goods, implied condition is :a)Essential to...
Understanding Implied Conditions in a Contract of Sale of Goods
In a contract of sale of goods, implied conditions play a crucial role in ensuring that the fundamental purpose of the agreement is met. The correct answer, option 'A', states that an implied condition is essential to the main purpose of the contract.
What are Implied Conditions?
Implied conditions are terms that are not explicitly stated in the contract but are understood to be part of the agreement due to the nature of the transaction or statutory provisions. They are designed to protect the interests of the parties involved.
Why is Option 'A' Correct?
- Essential Role: Implied conditions are integral to fulfilling the main purpose of the contract. For example, when purchasing goods, it is essential that the goods are of satisfactory quality and fit for purpose, aligning with the buyer's expectations.
- Legal Framework: Various laws, such as the Sale of Goods Act, outline specific implied conditions that must be met. These legal provisions ensure that buyers have recourse if the goods do not meet the implied standards.
- Risk Mitigation: By establishing these conditions, parties can mitigate risks associated with non-compliance, thereby promoting trust and fairness in commercial transactions.
Conclusion
In summary, implied conditions are not merely desirable or collateral; they are essential to the main purpose of the contract. Recognizing their importance helps ensure that both buyers and sellers fulfill their obligations, leading to successful and legally sound transactions. Understanding these nuances is vital for anyone studying contract law, especially in the CA Foundation course.
In a contract of sale of goods, implied conditions play a crucial role in ensuring that the fundamental purpose of the agreement is met. The correct answer, option 'A', states that an implied condition is essential to the main purpose of the contract.
What are Implied Conditions?
Implied conditions are terms that are not explicitly stated in the contract but are understood to be part of the agreement due to the nature of the transaction or statutory provisions. They are designed to protect the interests of the parties involved.
Why is Option 'A' Correct?
- Essential Role: Implied conditions are integral to fulfilling the main purpose of the contract. For example, when purchasing goods, it is essential that the goods are of satisfactory quality and fit for purpose, aligning with the buyer's expectations.
- Legal Framework: Various laws, such as the Sale of Goods Act, outline specific implied conditions that must be met. These legal provisions ensure that buyers have recourse if the goods do not meet the implied standards.
- Risk Mitigation: By establishing these conditions, parties can mitigate risks associated with non-compliance, thereby promoting trust and fairness in commercial transactions.
Conclusion
In summary, implied conditions are not merely desirable or collateral; they are essential to the main purpose of the contract. Recognizing their importance helps ensure that both buyers and sellers fulfill their obligations, leading to successful and legally sound transactions. Understanding these nuances is vital for anyone studying contract law, especially in the CA Foundation course.
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In the contract of sale of goods, implied condition is :a)Essential to the main purpose of the contract.b)Collateral to the main purpose of the contract.c)Desirable to the main purpose of the contract.d)Essential and collateral to the main purpose of the contract.Correct answer is option 'A'. Can you explain this answer?
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In the contract of sale of goods, implied condition is :a)Essential to the main purpose of the contract.b)Collateral to the main purpose of the contract.c)Desirable to the main purpose of the contract.d)Essential and collateral to the main purpose of the contract.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 In the contract of sale of goods, implied condition is :a)Essential to the main purpose of the contract.b)Collateral to the main purpose of the contract.c)Desirable to the main purpose of the contract.d)Essential and collateral to the main purpose of the contract.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 In the contract of sale of goods, implied condition is :a)Essential to the main purpose of the contract.b)Collateral to the main purpose of the contract.c)Desirable to the main purpose of the contract.d)Essential and collateral to the main purpose of the contract.Correct answer is option 'A'. Can you explain this answer?.
In the contract of sale of goods, implied condition is :a)Essential to the main purpose of the contract.b)Collateral to the main purpose of the contract.c)Desirable to the main purpose of the contract.d)Essential and collateral to the main purpose of the contract.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 In the contract of sale of goods, implied condition is :a)Essential to the main purpose of the contract.b)Collateral to the main purpose of the contract.c)Desirable to the main purpose of the contract.d)Essential and collateral to the main purpose of the contract.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 In the contract of sale of goods, implied condition is :a)Essential to the main purpose of the contract.b)Collateral to the main purpose of the contract.c)Desirable to the main purpose of the contract.d)Essential and collateral to the main purpose of the contract.Correct answer is option 'A'. Can you explain this answer?.
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