X fraudulently induced Y to enter into partnership with him and Y pays a premium of Rs.5,000/- to A. Within three months the firm incurs liabilities to the extent of Rs.10,000/-. On discovering the fraud, Y files a suit for the rescission of the contract creating partnership and contract is rescinded. The creditors of the firm also levy attachment on Y who pays Rs.3,000/- to them as well. Which of the following is correct?
A sold 1000 tins of oil to B without appropriating any particular oil to the contract. B sold 600 tins out it to C and gave delivery order addressed to A. C lodged the delivery order with A requesting him to “await” his orders. Meanwhile, B became insolvent and thus A became the unpaid seller.
A enquires from B, “Will you purchase my cow for $ 100?” B replies, “I shall purchase your cow for $ 100 provided you purchase my parrot for $ 120.” In this case __________.
Discharge by mutual agreement may involve__________.
A genuine pre-estimate of the probable loss is __________.
Untill goods are ascertained there is merely __________.
The property in the goods means the __________.
Where the goods are delivered to a carrier or wharfinger for the purpose of transmission to the buyer, the delivery is __________.
Where in an auction sale, the seller appoints more than one bidder, the sale is __________.
Contract of Sale is __________.