In: Operations Management
Which of the following is/are applicable to a contract which is
deemed ‘void’ in a contractual
dispute?
(i) The injured party can choose to repudiate the contract.
(ii) The law would regard the contract as never having
existed.
(iii) Where goods have transferred from party A to party B under
the contract, B may retain
ownership of the goods.
(iv) Where goods have transferred from party A to party B under the
contract, B must return
the goods to A.
(v) Where goods have transferred from party A to party B under the
contract, and party B
has then transferred the goods to party C, C may retain ownership
of the goods.
a. (i) and (iii) only.
b. (ii) and (iv) only.
c. (i), (iii) and (v) only.
d. All of the above.
Answer:- C, [1,3, and 5]
Reason:- it is allowed to the injured party to repudiate the contract whenever they want if they are injured seriously along with when goods are transferred from one party to another the ownership also gives equally, therefore, it is right to say that the 1st, 3rd, and 5th are the correct options in regarding with void in a contractual dispute.