CA Foundation Exam > CA Foundation Questions > Unpaid seller can sell the goods if:a)They ar...
Start Learning for Free
Unpaid seller can sell the goods if:
- a)They are of perishable nature
- b)They are of durable nature
- c)When he gives notice to buyer
- d)Both (a) and
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Unpaid seller can sell the goods if:a)They are of perishable natureb)T...
The unpaid seller can re-sell the goods if the goods are of a perishable nature. He can also make a resale of the goods if he has given notice to the buyer of his intention to re-sell and the buyer has not within a reasonable time paid the price
Most Upvoted Answer
Unpaid seller can sell the goods if:a)They are of perishable natureb)T...
Explanation:
Perishable Nature of Goods:
- An unpaid seller can sell the goods if they are of perishable nature because these goods are likely to lose their value quickly if not sold promptly.
- Examples of perishable goods include fresh produce, dairy products, and flowers.
Durable Nature of Goods:
- On the other hand, if the goods are of durable nature, the seller may also sell them if the buyer fails to pay.
- Durable goods are those that have a long lifespan and do not quickly lose their value.
- Examples of durable goods include electronic appliances, furniture, and vehicles.
Notice to Buyer:
- Before selling the goods, the seller must give notice to the buyer about their intention to do so.
- This notice allows the buyer an opportunity to pay for the goods and prevent the sale from taking place.
- The notice should be reasonable and provide the buyer with a chance to rectify the situation.
Conclusion:
- In conclusion, an unpaid seller can sell the goods if they are of perishable nature or durable nature and after giving proper notice to the buyer.
- This ensures that the seller has the opportunity to recover the payment for the goods that have been delivered.
Perishable Nature of Goods:
- An unpaid seller can sell the goods if they are of perishable nature because these goods are likely to lose their value quickly if not sold promptly.
- Examples of perishable goods include fresh produce, dairy products, and flowers.
Durable Nature of Goods:
- On the other hand, if the goods are of durable nature, the seller may also sell them if the buyer fails to pay.
- Durable goods are those that have a long lifespan and do not quickly lose their value.
- Examples of durable goods include electronic appliances, furniture, and vehicles.
Notice to Buyer:
- Before selling the goods, the seller must give notice to the buyer about their intention to do so.
- This notice allows the buyer an opportunity to pay for the goods and prevent the sale from taking place.
- The notice should be reasonable and provide the buyer with a chance to rectify the situation.
Conclusion:
- In conclusion, an unpaid seller can sell the goods if they are of perishable nature or durable nature and after giving proper notice to the buyer.
- This ensures that the seller has the opportunity to recover the payment for the goods that have been delivered.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Unpaid seller can sell the goods if:a)They are of perishable natureb)They are of durable naturec)When he gives notice to buyerd)Both(a) andCorrect answer is option 'D'. Can you explain this answer?
Question Description
Unpaid seller can sell the goods if:a)They are of perishable natureb)They are of durable naturec)When he gives notice to buyerd)Both(a) andCorrect answer is option 'D'. 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 Unpaid seller can sell the goods if:a)They are of perishable natureb)They are of durable naturec)When he gives notice to buyerd)Both(a) andCorrect answer is option 'D'. 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 Unpaid seller can sell the goods if:a)They are of perishable natureb)They are of durable naturec)When he gives notice to buyerd)Both(a) andCorrect answer is option 'D'. Can you explain this answer?.
Unpaid seller can sell the goods if:a)They are of perishable natureb)They are of durable naturec)When he gives notice to buyerd)Both(a) andCorrect answer is option 'D'. 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 Unpaid seller can sell the goods if:a)They are of perishable natureb)They are of durable naturec)When he gives notice to buyerd)Both(a) andCorrect answer is option 'D'. 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 Unpaid seller can sell the goods if:a)They are of perishable natureb)They are of durable naturec)When he gives notice to buyerd)Both(a) andCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Unpaid seller can sell the goods if:a)They are of perishable natureb)They are of durable naturec)When he gives notice to buyerd)Both(a) andCorrect answer is option 'D'. 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 Unpaid seller can sell the goods if:a)They are of perishable natureb)They are of durable naturec)When he gives notice to buyerd)Both(a) andCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Unpaid seller can sell the goods if:a)They are of perishable natureb)They are of durable naturec)When he gives notice to buyerd)Both(a) andCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Unpaid seller can sell the goods if:a)They are of perishable natureb)They are of durable naturec)When he gives notice to buyerd)Both(a) andCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Unpaid seller can sell the goods if:a)They are of perishable natureb)They are of durable naturec)When he gives notice to buyerd)Both(a) andCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Unpaid seller can sell the goods if:a)They are of perishable natureb)They are of durable naturec)When he gives notice to buyerd)Both(a) andCorrect answer is option 'D'. 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