New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    According to Sales of Goods Act, 1930 which of the

    following is true
    A the goods always remain at seller’ risk Correct Answer Incorrect Answer
    B The goods always remains at buyers risk Correct Answer Incorrect Answer
    C The goods remain at the seller’s risk until the property is transferred to the buyer Correct Answer Incorrect Answer
    D the goods remain at the seller's risk until the goods are delivered Correct Answer Incorrect Answer
    E The goods remain at sellers risk until the payment is made Correct Answer Incorrect Answer

    Solution

    Section 26 Sales of Goods Act, 1930 Unless otherwise agreed, the goods remain at the seller's risk until the property therein is transferred to the buyer, but when the property therein is transferred to the buyer, the goods are at the buyer's risk whether delivery has been made or not Provided that, where delivery has been delayed through the fault of either buyer or seller, the goods are at the risk of the party in fault as regards any loss which might not have occurred but for such fault. Provided also that nothing in this section shall affect the duties or liabilities of either seller or buyer as a bailee of the goods of the other party.

    Practice Next

    Relevant for Exams: