Multiple choice

Which of the following is not an unpaid seller?

  1. The seller who has to sell the goods on cash basis but the price is due.

  2. The seller who has received a cheque, which has bounced, for the goods sold.

  3. The seller who has received installment as per the terms of contract.

  4. The seller who has sold goods on one month credit and one month has not passed yet.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The credit period is not yet over, so he is not an unpaid seller.

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