Question

According to the Sale of Goods Act (Section 9), modes of fixing the price by one or the other are:
(A) It may be expressly fixed by the contract itself.
(B) If the price is not capable of being determined in accordance with any of the other modes, the buyer is bound to pay the seller price of his own choice.
(C) It may be determined by the course of dealings between the parties.
(D) It may be fixed in accordance with an agreed manner provided by the contract.
Choose the correct answer from the options given below:

• A. (A), (B) and (C) only.
• B. (A), (B) and (D) only.
• C. (A), (C) and (D) only.
• D. (B), (C) and (D) only.

Hint:

In contract law, price determination methods must be explicitly agreed upon or follow prior dealings.

Answer 1

The Correct Option is C

Under the Sale of Goods Act, the price of goods can be established through several mechanisms:
- (A): The contract itself explicitly fixes the price.
- (C): The price is determined by the parties' previous dealings.
- (D): An agreed-upon method specified in the contract establishes the price.
Option (B) is incorrect, as the buyer cannot unilaterally set the price.