Question
Under Section 31 of the Sale of Goods Act, 1930, when
goods are sold "as is" or "as they stand":Solution
Section 31 provides that if the buyer has examined the goods and is aware of defects, or if goods are sold "as is" or "as they stand," the implied warranties of quality (Section 14(1)(b)) and fitness (Section 14(1)(a)) are excluded. However, the warranty of title (Section 13) cannot be excluded. This reflects the principle that the seller must have authority to sell the goods. [Citation: Sections 13-14, 31, Sale of Goods Act, 1930]
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• Increase in Accounts Receivable = �...
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