( Author )
10 October 2011
Under which Act we may need to refer for the goods bidded in auction but was unable to lift the same and by writing in the letter “for request to take back the stock of arecanut as return of sale and dispose of the same in any manner.”
Understanding further they have been written that “I am extremely sorry that I am not in a position to fulfill my obligation of lifting the stocks purchased by me owing to several factors.”
“I request you to treat it as return of sale and dispose of the same in any manner as you deems fit. I undertake to make good the loss if any in the above transactions.”
This were the contents written in the letter head,
NOW WE COME HEAR WITH A QUESTION AS FOLLOWS:
1) Since there was no time limit been given for the resale of arecanut (commercial crop) on buyer’s part in the letter to Agricultural Co-operative Marketing Society Ltd, where they have sold it on behalf of the buyer with the contents of the above letter written to The Society.
Can this Agricultural Co-operative Marketing society Ltd under do so as per the byelaws, or otherwise?
For Justification If there is no time limit being mentioned, how do we assume the time frame for the same.
2) Under which act or law, we need to refer the time limit in order to safeguard the interest of both the party that is the buyer and the society.
Do we need to refer the Karantaka’s society act?.
Do we need to refer the sale of goods act?.
Do we need to refer the consumer act?.
Do we need to make an act for the same?.