Multiple choice

If, in a contract of sale, a seller becomes insolvent after the contract is made, then who can claim the goods?

  1. The seller

  2. The seller’s official receiver

  3. The buyer

  4. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Option (3) is correct: The buyer becomes the owner of goods. Thus, he can claim the goods. If the buyer becomes insolvent, then the buyer’s official receiver can claim the goods.