91
As per section 41, the buyer must have the reasonable opportunity to examine the goods for the purpose of ascertaining;
A)
The goods are in a deliverable state
B)
The goods are of merchantable quality
C)
The goods are in conformity with the contract
D)
All of the above
Answer & Solution
Answer: Option
C
92
According to Section 12 (3) of the Act, a 'warranty' in a contract is a:
A)
A stipulation essential to the main purpose of the contract, the breach of which gives rise to a right to treat the contract as repudiated
B)
A stipulation collateral to the main purpose of the contract, the breach of which gives rise to a claim for damages but not to a right to reject the goods and treat the contract as repudiated
C)
A stipulation collateral to the main purpose of the contract, the breach of which gives rise to a right to treat the contract as repudiated
D)
None of the above
Answer & Solution
Answer: Option
B
93
'Delivery' within the meaning of section 2(1) of the Sale of Goods Act, 1930, can be
A)
Actual
B)
Constructive
C)
Symbolic
D)
Either (A) or (B) or (C)
Answer & Solution
Answer: Option
D
94
In a conditional contract of sale of goods under section 4 of the Sale of Goods Act, 1930, the conditions
A)
Has to be contingent
B)
Has to be promissory
C)
May be either contingent or promissory
D)
Only promissory and not contingent
Answer & Solution
Answer: Option
C
95
Choose the most appropriate option in respect of a Sale which is not generally rescinded by lien or stoppage in transit:
A)
A contract of sale is rescinded by the exercise of an unpaid seller's right of lien or stoppage of lien
B)
Where an unpaid seller who has exercised his right of lien or stoppage in transit resells the goods, the buyer of such goods does not acquire a good title thereto as against the original buyer
C)
Where the seller resells the goods in case of buyer's default the original contract of sale is not rescinded
D)
Where the unpaid seller who has exercised his right of lien or stoppage in transit gives notice to buyer ofhis intention to resell, the unpaid seller may resell the goods within a reasonable time and recover damages incurred due to his breach of the contract from the original buyer
Answer & Solution
Answer: Option
D
96
Goods' means every kind of . . . . . . . Property
A)
Sellable
B)
Immovable
C)
Existing
D)
Movable
Answer & Solution
Answer: Option
D
97
The term 'specific goods' has been defined under the Sale of Goods Act, 1930 in
A)
Section 2(12)
B)
Section 2(14)
C)
Section 2(8)
D)
Section 2(10)
Answer & Solution
Answer: Option
B
98
When the seller has obtained possession of goods under a voidable contract, what title does the buyer acquire when the goods are passed under the contract of sale:
A)
Buyer acquires good title to the goods if he acts in good faith though he had notice of seller's defect of title
B)
Buyer acquires good title to the goods if he had no notice of seller's defect of title though he did not act in good faith
C)
Buyer does not acquire a good title to the goods even though he acts in good faith and without notice of seller's defect of title
D)
Buyer acquires good title to the goods if he acts in good faith and without notice of seller's defect of title
Answer & Solution
Answer: Option
D
99
Under section 2(2) of the Sale of Goods Act, 1930, 'delivery' means
A)
Gratuitous transfer of possession from one person to another
B)
Involuntary transfer of possession from one person to another
C)
Voluntary transfer of possession from one person to another
D)
Transfer of possession irrespective of whether it is gratuitous, involuntary or voluntary, from one person to another
Answer & Solution
Answer: Option
C
100
Under section 54(3) of the Sale of Goods Act 1930, on re-sale of goods by the seller, the subsequent buyer acquires a good title in case of
A)
A valid sale
B)
A wrongful re-sale
C)
A valid re-sale as well as wrongful re-sale
D)
Only a valid re-sale and not a wrongful resale
Answer & Solution
Answer: Option
C
