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Legal Aspects of Business MCQ - Legal Aspects of Business Section 2

31 The English Unfair Contract Act, 1977 covers terms:

32 The extent of an agent’s authority, whether express or implied, depends upon:

33 The extent of the liability under an indemnity depends on:

34 The final draft of the Indian Contract Act, 1872 was the work of:

35 The functions of the provisions of Section 11 of the Indian Contract Act, 1872 relating to personal competency is ___________.

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Question:

Choose the most appropriate option in respect of a Sale which is not generally rescinded by lien or stoppage in transit:

A. A contract of sale is rescinded by the exercise of an unpaid seller’s right of lien or stoppage of lien
B. Where an unpaid seller who has exercised his right of lien or stoppage in transit resells the goods, the buyer of such goods does not acquire a good title thereto as against the original buyer.
C. Where the seller resells the goods in case of buyer’s default the original contract of sale is not rescinded
D. Where the unpaid seller who has exercised his right of lien or stoppage in transit gives notice to buyer of his intention to resell, the unpaid seller may resell the goods within a reasonable time and recover damages incurred due to his breach of the contract from the original buyer

Correct answer: D

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