Where the price of the goods under a contract of sale is to be fixed by the valuation of a third par...........

Sale of Goods Act (SoGA) 1932 Performance of contract of sale

Where the price of the goods under a contract of sale is to be fixed by the valuation of a third party who fails to fix the valuation, but goods are supplied to the buyer, under Section 10 of the Sale of Goods Act, 1930, the buyer is

Liable to pay the reasonable price of the goods

Liable to pay the minimum price of the goods.

Not liable to pay any price until fixed by the valuer

Liable to pay the maximum retail price.

छोटे Courses बड़े Results

Master Performance of contract of sale

Prepare through Micro-courses

Try Now

Explanation:

Where there is an agreement to sell goods on the terms that the price is to be fixed by the valuation of a third party and such third party cannot or does not make such valuation, the agreement is thereby avoided. Provided that, if the goods or any part thereof have been delivered to, and appropriated by the buyer, he shall pay a reasonable price therefore. Where such third party is pre vented from making the valuation by the fault of the seller or buyer, the party not in fault may maintain a suit for damages against the party in fault.