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Sales of Goods Act
Corporate & Other Laws
Can anybody explain the last two points about Insolvency of buyer and seller respectively. What is written in those columns I am not able to understand anything of it.
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Thread Starter
Ardhendu Sekhar AcharyaNo sorry I am from Odisha. But I know Hindi and English and obviously Odia
Instead of giving in writing https://youtu.be/jSWdDzFQyWM you spend 5 mins to watch this lecture....you get sort out your doubt :)
Balachandar S
Do u know Tamil?
No sorry I am from Odisha. But I know Hindi and English and obviously Odia
Balachandar S
Instead of giving in writing https://youtu.be/jSWdDzFQyWM you spend 5 mins to watch this lecture....you get sort out your doubt :)
Thank you bro. All the Best for your preparations. Is this your first attempt bro ?
Balachandar S
Instead of giving in writing https://youtu.be/jSWdDzFQyWM you spend 5 mins to watch this lecture....you get sort out your doubt :)
Please give your solutions here in writing, that will help you frame the answer and can work as practice.
In case a person becomes insolvent, court appoints official assignee to resolve the financial issues, sell assets and settle liabilities. (A) If seller becomes insolvent - the official assignee of seller (i) in case of Sale - can control only recovery of price from buyer but can't take back goods (ii) in case of Agreement to Sell - can take back the goods from buyer (B) If buyer becomes insolvent - the official assignee of buyer (i) in case of Sale - has control over goods and can take back the goods from buyer (ii) in case of Agreement to Sell - has no control over goods
Yamuna S
Remedies in case of breah....in sale the agreeived party can sue the other for price...but in case of agreement to sell agreeived party can sue only for damages and not breach
Here the last word is price and not breach...sent it by mistake
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