11
The unpaid seller, under section 52 of the Sale of Goods Act, 1930, can exercise his right of stoppage in transit, against the goods by
A)
Giving notice of his claim to the carrier in whose possession the goods are
B)
Taking actual possession of the goods
C)
Either (A) or (B)
D)
Only (A) and not (B)
Answer & Solution
Answer: Option
C
12
The rule of 'caveat emptor' as enunciated in section 16 of the Sale of Goods Act, 1930, means that
A)
The buyer must take a chance
B)
The buyer must take care
C)
The seller must take care
D)
Both (A) and (B)
Answer & Solution
Answer: Option
B
13
The Fixed Deposit Receipts (FDRs) are goods within the meaning of section 176 of the Indian Contract Act, 1872 and section 2(7) of the Sale of Goods Act, 1930. The statement is
A)
False
B)
Ambigous
C)
Partly true
D)
True
Answer & Solution
Answer: Option
D
14
According to Sale of Goods Act, 1930, 'seller' means a person:
A)
Who only agrees to sell the goods
B)
Who only sells the goods
C)
Who sells or agrees to sell
D)
Who transfers the possession of the goods to the other party
Answer & Solution
Answer: Option
C
15
Right of lien of the unpaid seller against the goods, under section 47 of the Sale of Goods Act, 1930, is subject to
A)
The other provision of the Sale of Goods Act, 1930
B)
Any other law for the time being in force
C)
The contract between the parties
D)
All the above
Answer & Solution
Answer: Option
A
16
Price' under the Sale of Goods Act, 1930, means
A)
Consideration in money
B)
Consideration in money or in kind
C)
Any act or abstention for the sale of the goods
D)
All of the above
Answer & Solution
Answer: Option
A
17
The distinction between a contract for work or service and a contract for sale, has been summarised by the Supreme Court, in
A)
Safdarjung Sugar Mills Ltd. v. The State of Mysore & Others, AIR 1972 SC 87
B)
New India Sugar Mills Ltd. v. Commissioner of Sales Tax, Bihar, AIR 1963 SC 1207
C)
Chhittermal Narain Dass v. Commissioner of Sales Tax, Uttar Pradesh, AIR 1970 SC 2000
D)
Commissioner of Sales Tax, Madhya Pradesh v. Purshottam Premji, 1970(2) STC 287
Answer & Solution
Answer: Option
D
18
'Price' under section 2(10) of the Sale of Goods Act, 1930, means
A)
The money consideration
B)
The consideration given in the form of goods
C)
Partly money consideration and partly consideration in goods
D)
Either (A) or (B) or (C)
Answer & Solution
Answer: Option
A
19
The rule enunciated under section 40 of the Sale of Goods Act, 1930, applies to
A)
Non-perishable goods
B)
Perishable goods
C)
Both (A) and (B)
D)
Neither (A) nor (B)
Answer & Solution
Answer: Option
C
20
Assent to the appropriation of goods to the contract of sale of goods, under section 23 of the Sale of Goods Act, 1930, can be given
A)
Before the appropriation
B)
After the appropriation
C)
Either before or after the appropriation
D)
Only before and not after the appropriation
Answer & Solution
Answer: Option
C
