Indian Contract Act Section 122 — [Sale and transfer of lots sold by auction.] Rep. by s. 65,ibidCHAPTER VI OF THE CONSEQUENCES OF BREACH OF CONTRACTCommercial / CorporateOfficial TextPrevious: Indian Contract Act §121 — [Right of seller as to rescission, on failure of buyer to pay price at time fixed.] Rep.by the Indian Sale of Goods Act, 1930 (3 of 1930), s.65Next: Indian Contract Act §123 — [Effect of use, by seller, of pretended biddings to raise price.] Rep. by s. 65,ibid