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Question
Q sells 100 tonnes of Rice to P at Rs. 50,000 per tonne. P makes the full payment and says that he will take the Goods by next week. Before P could take the Goods, the Goods are destroyed. The Loss will be borne by _____.
Q sells 100 tonnes of Rice to P at Rs. 50,000 per tonne. P makes the full payment and says that he will take the Goods by next week. Before P could take the Goods, the Goods are destroyed. The Loss will be borne by _____.
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Solution
The correct option is A P
Q sells 100 tonnes of rice to P at Rs 500,000 per
tonne. P makes the full payment and says that he will take the Goods by
next week. Before P could take the Goods, the Goods are destroyed. The
Loss will be borne by P.In cases of goods sent on approval basis,
the goods are at the seller's risk, if they perish in an inevitable
accident. If the goods are sold on approval basis, if the damage is done
to the goods, it is to be borne by the seller.
Q sells 100 tonnes of rice to P at Rs 500,000 per tonne. P makes the full payment and says that he will take the Goods by next week. Before P could take the Goods, the Goods are destroyed. The Loss will be borne by P.In cases of goods sent on approval basis, the goods are at the seller's risk, if they perish in an inevitable accident. If the goods are sold on approval basis, if the damage is done to the goods, it is to be borne by the seller.
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