A merchant buys certain goods at 8640 per
quintal and pays 160 per ton for transport
expenses. At what price per kg must he
sell them so as to gain 12-% on his total
outlay?
Hint: 1 ton = 1000 kg and 1 quintal = 100 kg
bought at the rate of 15
Answers
Answer:
YOUR ANSWER
Step-by-step explanation:
Case (a) Y has two options: (i) he can reject the goods or (ii) he can accept the goods.[Beck etc. v. Synzmanoski].
Case (b) Y has three options, (i) he can reject the whole, (ii) he can accept the whole, or (iii) he can accept 10 tons and can reject 2 tons. If he accepted 12 tons, he must pay for them at the contract rate [Cuniffe v. Harrison].
Case (c) Y has two options (i) he can reject the whole or (ii) he can accept 10 tons of Basmati rice and can reject 2 tons of Dehraduni rice.[London Plywood Ltd. v. Nasik Oak Ltd.].
Case (d) Y has two options: (i) he can accept the whole, or (ii) he can accept 8 tons of Basmati rice of superior quality and can reject 2 tons of Basmati rice of interior quality. It may be noted that Y cannot reject the whole because mixing of goods with inferior quality does not amount to mixing of goods of different description.[Hamarain v. M/s Radha Krishan Naraindas].
Case (e) Y can reject the whole tot of 10 tons because he is not bound to accept delivery in instalments. [Renter v. Sala].
Case (f) Y is deemed to have accepted the goods after a lapse of reasonable time.
Case (g) Y is not deemed to. have accepted the goods because he has informed the seller about his intention.
Case (h) X can sue Y for price and for damages.
Case (i) Y's act in inspecting the sample and: then sending The rice to Z was an acceptance and he could not afterwards reject it.
Case (j) Y is not entitled to reject the whole quantity of what because the excess delivery of 1 kg was so trivial as to be wholly insignificant.[shipton Anderson & Co. v. Weil Brothers & Co. Led].