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    A T Gowri Business and Law

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    Parvathy
    1) A buyer can return a defective product and claim a refund under the implied condition of merchantability. This means goods must be of satisfactory quality and fit for their intended purpose. 2) If the seller becomes insolvent after delivery but before payment, the unpaid seller can exercise the right of stoppage in transit to regain possession of the goods. 3) Under the doctrine of caveat emptor, the buyer is responsible for examining goods before purchase. If a product turns out to be defective, the seller cannot be held liable unless the buyer's needs were expressly specified and known to the seller prior to the sale.

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    A T Gowri Business and Law

    Uploaded by

    Parvathy
    3 views3 pages
    1) A buyer can return a defective product and claim a refund under the implied condition of merchantability. This means goods must be of satisfactory quality and fit for their intended purpose. 2) If the seller becomes insolvent after delivery but before payment, the unpaid seller can exercise the right of stoppage in transit to regain possession of the goods. 3) Under the doctrine of caveat emptor, the buyer is responsible for examining goods before purchase. If a product turns out to be defective, the seller cannot be held liable unless the buyer's needs were expressly specified and known to the seller prior to the sale.

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    advanced cost and management accounting

    Original Title

    A T Gowri Business and law

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    1) A buyer can return a defective product and claim a refund under the implied condition of merchantability. This means goods must be of satisfactory quality and fit for their intended purpose. 2) If the seller becomes insolvent after delivery but before payment, the unpaid seller can exercise the right of stoppage in transit to regain possession of the goods. 3) Under the doctrine of caveat emptor, the buyer is responsible for examining goods before purchase. If a product turns out to be defective, the seller cannot be held liable unless the buyer's needs were expressly specified and known to the seller prior to the sale.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    3 views3 pages

    A T Gowri Business and Law

    Uploaded by

    Parvathy
    1) A buyer can return a defective product and claim a refund under the implied condition of merchantability. This means goods must be of satisfactory quality and fit for their intended purpose. 2) If the seller becomes insolvent after delivery but before payment, the unpaid seller can exercise the right of stoppage in transit to regain possession of the goods. 3) Under the doctrine of caveat emptor, the buyer is responsible for examining goods before purchase. If a product turns out to be defective, the seller cannot be held liable unless the buyer's needs were expressly specified and known to the seller prior to the sale.

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    of 3

    tTGourri

    ossiGuMENT B.ComHens.)

    Spna Can aetum Ahe dge and cloim relund


    G) Yes, Sona
    Qs Uhe machina was clelecbive tom th stast
    whon tt puchase
    uas
    (i) The law applicab heu is "Corditisn ho
    meachantabildy (3ec Ie(2)|, Lohich Ik gvds
    stnlz» hat lhi qucs
    bought by dtiptisn (whdku hu ib mamlactunen e
    moe).Bi is an implicd Conditiar lhabE Dha eooo
    Cowla be o meckantake qualt

    ) Yes, Brists Can secoves tk eyods by "slopage


    n tvonait" becaue djay hs a
    Soeds
    goodls
    Unale l pay. btome insolvent ane
    (i) Stspage in tvanait is applic hue, On wnpaid seller
    may encibe his aight to stap gpodks and tansit,
    chein osition, and utain ustlh LCives the

    Buye Carmot
    geta ord itle lhe
    uns he puichases h
    unas epds
    ts h owne
    SpoclsoOm
    thu ek er whd Sells peso) Lohe
    thum undex
    k authoii w l h lhi ensent
    cf the ewneR
    Th pincpl s boxed he olewing
    mportant Latin maxin,'Nemo dat quod menhabe
    ohich means that no ene Can e what hu has
    e t goE,: but thua ae exceptios
    net this oule,
    And Sala by menchartabla agertSec 2a): s eme
    them. hub, koshy Cannot Su balan whs buys
    th
    h Ca beed tauh. odny Suilt of agent is
    t.ToYi
    oHssiGumeNT BComCHens.)

    ()Yes, Sona Can aekum lhe fidge and claim nehund


    as he machne was clelecbive
    Qs . tke stait
    whon E u s puchased
    i) Tke aw applicabl huu is Conditiom has to
    mechantabila (Sec Ie(:)| , Lohich stalis hatk qoocls-
    bought by oltiption (whelu he is manlactunen by
    mee), Bu is n implied Conditien lhal h tonels
    Coulel be o mechantable ualtg
    (
    ) Yes, Bist Can ecoves dh Coods by
    "Sloppage a Spoeds
    n tvanaiE" because day has a bècome
    Unade lo pay. irsoNent ad
    )Stopmge. in translt ia appliio haue, an wiaid selle
    may ecibe his nght o stap pods and
    neain position, and hansit,
    utain ustil "ha AeCeives te
    Hul piee.
    Buyea Camot get a
    goud tite A lz
    unss he puichases th qpols om epds Lohe
    uniss
    s h Owne thu e er
    "peeso)
    whd sells them undes
    k authoui o wh h Comvent of Ahe ownes.
    The prinopl io based m h plowng
    ipovtant Lattn maxin,Nemo dat qod Merhale
    which means that no pre Can Give what he has
    net got,. but thu ame excepti this
    and Sale bymenchatnkla agent Sec 2)]: s one
    oul,
    o tham.Thub, koshy Cannot Su Balan ohd buys
    k Co ood bal5. odny Suit of k agent is0
    Unspetihed
    oan entent, buyer should be
    or whatE he buys : epenaibl
    must Caureklly'examlna
    epods hot he purchases, oncd it is hs olub
    ensure
    thab tha produet ill fuifll his meedds
    1f ke poquet tums eut s be dekective Bi
    Qve up he buyeis Standods.The selles Conrot
    Dive
    be held spenaibL.
    The Sellea Camot Pooyiola h buye
    l b a Specitte proquct uness the buye epiLsses
    his Mee and then ih t Seller knoina betiau
    h
    hw enhidence, then tke Selle respensiu .
    Cae s net fraud ,and h bua pur hases tha 9ed
    hus 0eLtten , k sellen CamotE be Suad.
    This ula knawn, asDoctine of CaveatE Enplov"
    eT E a byea beuare.

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