11
The 'Right of lien' of an unpaid seller under the act means:
A)
The right to retain possession of goods until payment of price
B)
The right to resume possession of goods until payment of price
C)
Both (A) and (B)
D)
Either (A) or (B)
Answer & Solution
Answer: Option
A
12
Under section 45 of the Sale of Goods Act, 1930, a seller of goods is an 'unpaid seller' when
A)
Part of the price has not been paid
B)
Substantial portion of the price has not been paid
C)
The whole of the price has not been paid
D)
Either (A) or (B) or (C)
Answer & Solution
Answer: Option
D
13
In case of Sale the risk is associated with . . . . . . .
A)
Money
B)
Goods
C)
Ownership
D)
Possession
Answer & Solution
Answer: Option
C
14
Under section 6 of the Sale of Goods Act, 1930, the subject-matter of a contract of sale of goods, can be
A)
The existing goods owned and possessed by the seller
B)
The future goods which are yet to be produced
C)
Either existing or future goods
D)
Only existing goods & not future goods
Answer & Solution
Answer: Option
C
15
In an agreement to sell the goods on the terms that the price is to be fixed by the valuation of a third party but such third party fails to make the valuation, then
A)
The valuation may be made by the seller
B)
The valuation may be made by the buyer
C)
The valuation may be made jointly by the buyer and the seller
D)
The buyer and the seller cannot make the valuation and the contract becomes void
Answer & Solution
Answer: Option
D
16
Section 10 of the Sale of Goods Act, 1930 provides for fixation of price of goods
A)
By the valuation of a third party
B)
By the arbitrator
C)
By the Central Government
D)
By the Judge
Answer & Solution
Answer: Option
A
17
The unpaid seller can exercise his right of stoppage of goods in transit where the buyer
A)
Becomes insolvent
B)
Refuses to pay price
C)
Acts fraudulently
D)
All these
Answer & Solution
Answer: Option
A
18
Under section 61 of the Sale of Goods Act, 1930, the seller is entitled to interest
A)
When he is in a position to sue for damages
B)
When he is in a position to recover the price
C)
Either (A) or (B)
D)
Both (A) and (B)
Answer & Solution
Answer: Option
B
19
The implications of a condition that the goods were of merchantable quality, under section 16(2) of the Sale of Goods Act, 1930 is negatived where
A)
The buyer has actually examined the goods
B)
The buyer had an opportunity to examine the goods
C)
Either (A) or (B)
D)
Neither (A) nor (B)
Answer & Solution
Answer: Option
A
20
The unpaid seller does not lose his right of lien
A)
By assenting to a resale by the buyer
B)
By obtaining a decree for the price of goods
C)
By wrongfully re-selling the goods
D)
Either (A) or (B) or (C)
Answer & Solution
Answer: Option
B
