CA CPT Dec 2017 Question Paper Mercantile Laws for online practice

‘P’ wants to sell his car, so he appoints ‘Q’ an auctioneer as his agent to sell car. ‘R’ made highest bid at the time of fall of hammer. ‘Q’ says to R for signing of cheque otherwise ownership shall not be transferred to him. ‘R’ sings the cheque which subsequently dishonored . In this case the ownership