Unpaid Seller – Test 7

A seller in auction sale is bound to sell

In the case of sale by auction where goods are put for sale in lot

Where the seller has expressly reserved his right to bid in the auction, to bid on his behalf, the seller can appoint

Where in an auction sale, the seller appoints more than one bidder, the sale is

Where the seller repudiates a contract before the date of delivery, the Buyer may treat the contract

Under Section _______ of the Sale of Goods Act, the seller is entitled to interest when he is in a position to recover the price

Section 61 of the Sale of Goods Act, provides for award of interest to

Under Sec.61, an Unpaid Seller can claim interest or special damages from the Buyer

In case of interest by way of damages and special damages in a suit by the Seller u/s 61, the interest may be calculated from

Under Section 61 of the Sale of Goods Act, a Court can award interest

When under a contract of sale, Buyer has paid the price, but seller fails to deliver Goods, Buyer has a right to claim interest on the amount of price. The Buyer can claim interest

Interest can be awarded when there is a provision in the contract and even in the absence of a provision in the contract for the award of interest. This statement is

Under Section 61 of the Sale of Goods Act, in a suit for the refund of the price where there is a breach of contract on the part of the Seller, the Court for the award interest to the Buyer, from the date on which

In case of auction sale, generally property in the goods passes

Knock-out agreement is

Knock-out agreement are generally _____  in auction sale.

A bidder may retract has bid at any time before _______

Where a seller reserves his right to bid in the auction, he can

Where in an auction sale notified with reserve price, the auctioneer mistakenly knocks down the goods for less than the reserve price, then the auctioneer is

In a contract of auction sale, the property in the goods passes with the ________

An agreement between the bidders not to bid against each other at an auction sale, is known as

An unlawful act by which an intending purchaser is prevented from bidding or raising the price at an auction sale is known as

When under a contract of sale, the seller tenders goods to the Buyer who wrongfully refuses or neglects to accept and pay the price, the Seller has a further right to claim interest on the amount of price. The statement is

Where a seller has notified the reserve price

A buyer can sue for specific performance of the contract if the goods are _______

Public sale where interested buyers gather at one place and offer the price at which they are ready to buy the goods, with the goods being generally sold to buyer offering highest price is called

The offer price given or quoted by a buyer at the auction sale is called as

An agreement between the bidders not to bid against each other is called

The legal status of the knock-out agreement is

For the auctioneer is it mandatory to sell the goods to the highest bidder