aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
  • Sale of Goods Act - I
  • If price is not expressly fixed at the time of contract o...
Multiple choice

If price is not expressly fixed at the time of contract or not ascertainable by the usage of custom or in regular course of dealing between the parties, then the buyer should pay

  1. reasonable price

  2. any price

  3. the price as decided by the government

  4. no price at all

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

In such case, the buyer should pay reasonable price.

Keep practicing — related questions

  • Where no price is fixed by express agreement or by implication, the buyer shall pay the seller.
  • Where the price of the goods under a contract of sale is to be fixed by the valuation of a third party who ...
  • Which of the following is a reasonable manner to determine the price under contract of sale?
  • A person agrees to sell his property worth Rs. 20,00,000 for Rs. 2,00,000. The consideration is inadequate....
  • A person agrees to sell his property worth Rs. 20,00,000 for Rs. 2,00,000. The consideration is inadequate....
  • A manufacturer of a consumer product keeps the price of a new product substantially high and over a time pe...
  • Consider the following statements regarding 'Sugar Pricing Policy' of the Government: 1. 20% of sugar produ...
  • An un-registered partnership firm (a) can file suit for enforcement of contracts entered into by it with th...
Play the full quiz 🎤 Practise this topic out loud
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy