Sale Of Goods Act MCQ question and answer

11

In a sale of goods by auction

A) A bid can be withdrawn/recalled but the seller cannot withdraw the goods from the auction any time before the fall of the hammer B) A bid cannot be recalled but the seller can withdraw the goods from the auction any time before the fall of the hammer C) Neither a bid can be recalled nor the seller can withdraw the goods from the auction any time before the fall of the hammer D) A bid can be recalled and it is open to the seller to withdraw the goods from the auction at any time before the fall of the hammer

Discuss

Answer & Solution

Answer: Option D

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12

In a contract for sale (Under the Sale of Goods Act) the subject matter must primarily be related to

A) Price B) Guaranty C) Warranty D) Goods

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Answer & Solution

Answer: Option D

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13

. . . . . . . . is the concept of "LET THE BUYER BEWARE".

A) Information Center B) Unfair Trade Practices C) Caveat Emptor D) Buyer Kingdom

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Answer & Solution

Answer: Option C

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14

The position of finder of goods is same as that of

A) Bailor B) Bailee C) Creditor D) True owner

Discuss

Answer & Solution

Answer: Option B

Solution:

The position of a finder of goods is similar to that of a bailee under the Sale of Goods Act. A bailee is a person who is entrusted with the possession of goods by the owner (bailor) for a specific purpose. Similarly, a finder of goods is a person who comes into possession of goods that are lost or abandoned by their true owner.

Both the bailee and the finder of goods have a duty to take care of the goods and act in the best interest of the owner. They do not acquire ownership of the goods but are responsible for their safekeeping and eventual return to the rightful owner.

Option A: Bailor, Option C: Creditor, and Option D: True owner are not the correct answers as they do not accurately represent the position of a finder of goods under the Sale of Goods Act.

Given the options provided, the correct answer is Option B: Bailee.

15

In a F.O.B. contract, by virtue of section 36(5) of the Sales of Goods Act, 1930

A) The seller must bear all expenses necessary to release the ship owner's lien B) The seller must pay the freight and insurance charges C) The seller must bear the expenses upto shipment D) The seller must pay all charges to be paid to enable the goods to be removed from the deck

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Answer & Solution

Answer: Option C

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16

What is the effect of part delivery of goods made in the progress of delivery of the whole of the goods as

A) Part delivery does not operate as a delivery of remainder B) Part delivery of the goods cannot be made under the Act C) Part delivery has the same effect as the delivery of the whole only in case of perishable goods D) Part delivery has the same effect as the delivery of the whole irrespective of the type of goods unless part delivery is made with intention of severing it from whole

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Answer & Solution

Answer: Option D

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17

In case of sale the seller can sue the buyer for . . . . . . . in case of breach

A) Damages B) Price C) Interest D) Fraud

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Answer & Solution

Answer: Option B

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18

Section 53 of the Sale of Goods Act, 1930 provides that by sub-sale or pledge of goods by the buyer, the unpaid seller's

A) Right of lien is defeated B) Right of stoppage in transit is defeated C) Right of lien and the right of stoppage in transit both are defeated D) Neither the right of lien nor the right of stoppage in transit is defeated

Discuss

Answer & Solution

Answer: Option D

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19

Section 39(3) of the Sale of Goods Act, 1930, is applicable where the seller sends the goods to the buyer by a

A) Route involving sea-transit B) A route involving road-transit C) A route involving air-transit D) All the above

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Answer & Solution

Answer: Option A

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20

Under section 61 of the Sale of Goods Act, 1930, the court can award interest

A) At the rate of 6% B) At the rate of 9% C) At the rate of 12% D) At such rate as it thinks fit

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Answer & Solution

Answer: Option D

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Sale Of Goods Act MCQ question and answer | Law MCQ question