New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Where there is an agreement to sell goods on the terms

    that  the price is to be fixed by thwe valuation of a third party & such third party cannot or does not make such valuation.
    A the agreement is void Correct Answer Incorrect Answer
    B the agreement is avoided Correct Answer Incorrect Answer
    C the agreement is valid Correct Answer Incorrect Answer
    D the agreement is voidable Correct Answer Incorrect Answer

    Solution

    Sales of Goods Act: Section 10 Agreement to sell at valuation: (1)  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 therefor.

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