A buys an article thinking that it is worth ` 100 when in fact it is worth only ` 50. There has been no misrepresentation on the part of the seller. The contract is:

Related MCQs

• When the consent of a party to a contract has been obtained by undue influence, fraud or misrepresentation, the contract is
• The Seller of Goods is deemed to be an Unpaid Seller when……..has been received as conditional payment and the condition has not been fulfilled, by way of dishonour or otherwise.
• Where there is a contract for the sale of specific goods, and the goods perish before the making of contract, without the knowledge of the seller, the contract is
• The Seller of Goods is deemed to be an Unpaid Seller when the…………of the price has not been paid or tendered.
• The Seller of Goods is deemed to be an Unpaid Seller when a bill of exchange or other negotiable instrument has been received as conditional payment and the condition —
• Where a right to bid at the auction has been expressly reserved by the seller, the seller can depute —
• When there is a contract for unascertained goods, and goods perish without the fault of the seller or buyer before the risk passes to the buyer, the contract
• Where a partnership contract is rescinded on grounds of fraud or misrepresentation, the party entitled to rescind, is also entitled to rank, in respect of any payment made by him for the firm's debts as a:
• Even if a substantial portion of the price is paid and only a small balance is pending, the Seller is still regarded as an Unpaid Seller.
• Where there is a breach of warranty -by seller; or where the Buyer elects or is compelled to treat any breach of condition by the seller as breach of warranty, the buyer is entitled to —