Resale Of Goods - Definition - Law Dictionary Home Dictionary Definition resale-of-goods

Definition :

Resale of goods, a resale of goods is also a sale of goods and the money consideration for such resale is the price payable in respect of such resale. When a person purchases goods, he may sell them in his turn. Such second sale is generally referred to as a resale. A resale may be to a third person or to the original seller. In either case, the money consideration for such second sale would be the price of goods resold, Gopalakrishna Pillai v. K.M. Mani, AIR 1984 SC 216: (1984) 2 SCC 83.