Sale Of Goods Act MCQ question and answer

11

For the purposes of section 54 of the Sale of Goods Act, 1930, the measures of damages on re-sale, where the goods have been appropriated to the contract is

A) The difference between the contract price and the market price on the date of breach B) The difference between the contract price and the price realised C) The difference between the market price on the date of breach and the price realised D) The difference between the contract price and the price realised or the market price on the date of breach whichever is lower

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Answer & Solution

Answer: Option B

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12

In a sale of goods by auction, as soon as the hammer falls, the goods:

A) Become the property of the buyer only on payment of price B) Become the property of buyer even if there is a condition that the goods shall not be removed before payment C) Become the property of the buyer only if there is no condition that the goods shall not be removed before payment D) Do not become the property of the buyer however, the bidder is vested with the right to deal with them as owner

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Answer & Solution

Answer: Option B

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13

Section 61 of the Sale of Goods Act, 1930, provides for

A) Award of interest to the buyer B) Award of interest to the seller C) Non-award of interest to the buyer or the seller D) Award of interest to the seller or the buyer

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Answer & Solution

Answer: Option D

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14

Under section 12(4) of the Sale of Goods Act, 1930, while determining whether a stipulation in a contract of sale, is a condition or warranty

A) The nomenclature used by the parties is conclusive B) The real effect of the stipulation is conclusive C) Either (A) or (B) D) Both (A) and (B)

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Answer & Solution

Answer: Option B

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15

Where the price of the goods under a contract of sale is to be fixed by the valuation of a third party who fails to fix the valuation, but goods are supplied to the buyer, under Section 10 of the Sale of Goods Act, 1930, the buyer is

A) Liable to pay the reasonable price of the goods B) Liable to pay the minimum price of the goods C) Not liable to pay any price until fixed by the valuer D) Liable to pay the maximum retail price

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Answer & Solution

Answer: Option A

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16

In Sale of Goods Act several provisions of the Indian Contract Act have been retained

A) To meet the need of the buyers B) To meet the need of the sellers C) To meet the need of both the buyers and sellers D) To meet special conditions existing in India regarding sale of goods

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Answer & Solution

Answer: Option D

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17

Right of the unpaid seller, as to stoppage in transit against the goods has been provided under

A) Section 52 of the Sale of Goods Act, 1930 B) Section 51 of the Sale of Goods Act, 1930 C) Section 50 of the Sale of Goods Act, 1230 D) Section 49 of the Sale of Goods Act, 1930

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Answer & Solution

Answer: Option C

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18

Chapter V of the Sale of Goods Act, 1930 provides for

A) Rights of unpaid seller against the buyer B) Rights of unpaid seller against the goods C) Rights of unpaid seller against the carrier D) All the above

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Answer & Solution

Answer: Option B

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19

Clause (2) of section 13 of the Sale of Goods Act, 1930, deals with cases of

A) Compulsory waiver of condition B) Voluntary waiver of condition C) Optional waiver of condition D) All the above

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Answer & Solution

Answer: Option A

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20

Where under a contract of sale, the buyer has retained the goods though there is a breach of condition on the part of the seller, the buyer does not lose

A) The right to reject the goods B) The right to claim damages C) Both (A) and (B) D) Neither (A) nor (B)

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Answer & Solution

Answer: Option B

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