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Commerce · Q172

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 172

Q172

Statement I It is a pre-condition of right of stoppage in transit that seller must have parted with possession of goods. Statement II Unpaid seller can exercise his rights of resale when goods are in his possession. Statement III Where property in goods has been passed to the buyer, seller can file a suit against buyer for recovery of price. Which of the above statement(s) is/are true?

A.
Only I
B.
Only III
C.
Both I and II
Answer
D.
All of the above

Answer: Option C

Solution

Answer: Option C
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