Test: Unpaid Seller- 1 - CA Foundation MCQ
30 Questions MCQ Test - Test: Unpaid Seller- 1
Even if a substantial portion of the price is paid and only a small balance is pending, the seller is still regarded as an Unpaid Seller. This statement is :
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The unpaid seller is not required to inform the buyer in case he resells the goods but the goods must be:
P sells a car by auction to Q, who is the highest bidder. Q offers to pay for the car by a cheque and he is allowed to do so provided he signs a document stating that the property in the car would not pass to him until the amount of the cheque has been credited to the seller’s account. The cheque is subsequently dishonoured. P asks Q to return back the car as he has not become the owner of the car because the cheque given by him has been dishonoured. Decide:
The rights available to an unpaid seller of goods under the Sale of Goods Act, 1930 are:
Unpaid seller has which rights against the buyer personally:
Which are not the conditions fulfilled before a seller is deemed to be an unpaid seller?
Where the seller expressly reserves the right of resale in case the buyer makes a default. If there are losses to the seller, on a resale, the seller:
Where the goods are of a perishable nature unpaid seller can :
The minimum price below which the auctioneer will not sell the goods.
The minimum price below which the auctioneer will not sell the goods is called:
If no notice of resale is given to the buyer, the unpaid seller is not entitled:
If the goods are rejected by the buyer, and the carrier or other bailee continues in possession of them, then the transit ________even if the seller has refused to receive them back:
When the goods are sold on credit and credit period is not expired, the seller of goods is:
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