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CSEET · Business Laws and Management · Elements of Law relating to Sale of Goods

Consider the statements about the Sale of Goods Act, 1930. I. A contract of sale may be made in writing, by word of mouth, partly in writing and partly by word of mouth, or may be implied from the conduct of the parties, subject to any law in force. II. A contract of sale may provide for delivery or payment by instalments or may postpone delivery or payment or both. Which is correct?

Both statements are correct. Section 5 permits a contract of sale to be made in writing, orally, partly both, or implied from conduct, and allows delivery or payment to be immediate, postponed or by instalments, subject to any law in force.

  1. AOnly I is correct
  2. BOnly II is correct
  3. CBoth I and II are correctCorrect
  4. DNeither I nor II is correct

Explanation

Section 5(1) allows immediate or postponed delivery or payment, or delivery or payment by instalments. Section 5(2) allows the contract to be in writing, oral, partly each, or implied from conduct, subject to other laws. Both statements therefore match the text.

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