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Law · Q22

Sale Of Goods Act

Graduate and Post Graduate · Law · question 22

Q22

Out of the following persons which of the following does not come under the definition of the "unpaid seller" as per Chapter V of Sale of Goods Act:

A.
A seller to whom the whole of the price has not been paid or tendered
B.
A seller to whom more than half of the price has been paid or tendered
C.
A seller who has received a bill of exchange as conditional payment and the condition on which it was received has not been fulfilled by reason of the dishonour of the instrument or otherwise
Answer
D.
A seller who has received a negotiable instrument as conditional payment and the condition on which it was received has not been fulfilled by reason of the dishonour of the instrument or otherwise

Answer: Option C

Solution

Answer: Option C
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