(i) Explain the legal rules of auction sale relating to the following points as per provisions of the Sale of Goods Act, 1930: (A) Bid by seller…
CA Foundation · Business Laws · RTP · May 2025
(i) Explain the legal rules of auction sale relating to the following points as per provisions of the Sale of Goods Act, 1930: (A) Bid by seller with or without notification (B) Bidder to retract from his bid (C) Effect of pretending bidding (ii) Explain the provisions relating to the delivery of the wrong quantity of goods as per the provisions of the Sale of Goods Act, 1930.
Suggested Answer and Working Notes:
Delivery of wrong quantity [Section 37 of the Sale of Goods Act,1930]: Where the seller delivers to the buyer a quantity of goods less than he contracted to sell, the buyer may reject them, but if the buyer accepts the goods so delivered he shall pay for them at the contract rate. [Sub-section (1) ] Where the seller delivers to the buyer a quantity of goods larger than he contracted to sell, the buyer may accept the goods included in the contract and reject the rest, or he may reject the whole. If the buyer accepts the whole of the goods so delivered, he shall pay for them at the contract rate. [Sub-section (2) ] Where the seller delivers to the buyer the goods, he contracted to sell mixed with goods of a different description not included in the contract, the buyer may accept the goods which are in accordance with the contract and reject, or may reject the whole. [Sub-section (3) ] The provisions of this section are subject to any usage of trade, special agreement or course of dealing between the parties. [Sub-section (4) ]
Topics: The Sale of Goods Act, 1930
Related Questions in this Topic
- Neeraj entered in a contract with Rahul to purchase 1000 litres of mustard oil at the price which should be fixed by Aak...
- Mr. Mukesh was running a shop selling good quality washing machines. Mr. Vivaan came to his shop and asked for washing m...
- Ritvik sold 500 bags of wheat to Anoj. Each bag contains 50 Kilograms of wheat. Ritvik sent 450 bags by road transport a...
- J, a wholesaler of premium Basmati rice delivered on approval 100 bags of rice of 10 kg each to a local retailer, on sal...
- "Delivery of goods is an essential aspect of a contract of sale." Discuss the statement. Explain the various kinds of de...