Difference between revisions of "Contracts for Sale of Goods (11:III)"

Contracts for Sale of Goods (11:III) (view source)

185 bytes added , 04:31, 13 August 2016

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 The seller has the right to resell:
-*a) where the goods are perishable and notice is given to the buyer, the seller may resell and recover damages (s 51(3));
+*a) if the goods are perishable, or if notice of an intention to resell is given to the buyer by the unpaid seller, and the buyer does not pay within a reasonable time. In this case, the seller may resell the goods and recover damages from the original buyer for any loss from the breach of contract (s 51(3));
-*b) where the seller has expressly reserved the right to resell in the contract (s 51(4));
+*b) if the seller has expressly reserved the right to resell in the contract (s 51(4));
-Note that if the buyer defaults, and the contract provides that the seller may resell the goods in that situation, the seller may still claim damages, (s51(4)).
+Note that if the buyer defaults, and the contract provides that the seller may resell the goods in that situation, the seller may still claim damages, (s 51(4)).
 === 5. Other Sale of Goods Act Provisions ===