31
Where the transfer of the property in the goods is to take place at a future time or subject to some condition, then such contract is called:
A)
An agreement to sell
B)
A contract to Sale
C)
Future Contract
D)
Conditional contract
Answer & Solution
Answer: Option
A
32
The breach of a 'warranty' in a contract of sale of goods, under section 12 of the Sale of Goods Act, 1930, gives
A)
The right to claim for damages
B)
The right to reject the goods
C)
The right to repudiate the contract
D)
Either (A) or (B) or (C)
Answer & Solution
Answer: Option
A
33
Under section 47 of the Sale of Goods Act, 1930, right of lien is available to the unpaid seller in possession of goods, where
A)
The buyer has become insolvent
B)
The goods were sold without any stipulation as to credit
C)
the term of credit has expired for goods sold on credit
D)
Either (A) or (B) or (C)
Answer & Solution
Answer: Option
D
34
Section 27 of the Sale of Goods Act, 1930 provides for
A)
Transfer of risk in goods
B)
Transfer of title in goods
C)
Transfer of property in goods
D)
All the above
Answer & Solution
Answer: Option
B
35
The circumstances under which breach of a condition can be treated as a breach of warranty have been enumerated in the Sale of Goods Act, 1930, under
A)
Section 16
B)
Section 15
C)
Section 14
D)
Section 13
Answer & Solution
Answer: Option
D
36
For the application of section 21 of the Sale of Goods Act, 1930, the act to be done by the seller shall not be
A)
For the purpose of putting the goods in a deliverable state
B)
For some other collateral purposes
C)
Either (A) or (B)
D)
Both (A) and (B)
Answer & Solution
Answer: Option
B
37
The time of payment can be of the essence of the contract, under section 11 of the Sale of Goods Act, 1930
A)
By operation of law
B)
By agreement between the parties
C)
Either (A) or (B)
D)
Neither (A) nor (B)
Answer & Solution
Answer: Option
B
38
In a contract of sale of goods conditions and warranties may be:
A)
Express
B)
Implied
C)
Either (A) or (B)
D)
None of the above
Answer & Solution
Answer: Option
C
39
A stipulation essential to main purpose of contract, the breach of which gives an aggrieved party right to repudiate the contract is known as:
A)
Warranty
B)
Implied warranty
C)
Condition
D)
Contingent contract
Answer & Solution
Answer: Option
C
40
In which of the following cases, it was held that 'inherent power has not been conferred on a court, it is a power inherent in a court'?
A)
Rajani Bai v. Kamla Devi
B)
Manohar Lal v. Seth Hiralal
C)
Cotton Corporation of India v. United Industrial Bank
D)
Satyabrata Biswas v. Kalyan Kumar Kisku
Answer & Solution
Answer: Option
B
