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

The Sale of Goods Act provides several methods for fixing the price of goods:
- (A): The price may be explicitly fixed by the terms of the contract itself.
- (C): The price can be determined based on previous dealings between the parties.
- (D): The price may be fixed through an agreed method provided in the contract.
(B) is incorrect, as the buyer cannot determine the price unilaterally.