41
Contract of Sale under section 4 of the Sale of Goods Act, 1930 comprises of
A)
Executory contract of sale
B)
Executed contract of sale
C)
Both executory and executed contracts of sale
D)
Only (A) and not (B)
Answer & Solution
Answer: Option
C
42
The sale of Goods Act enforces in the year
A)
1935
B)
1930
C)
1945
D)
1955
Answer & Solution
Answer: Option
B
43
Condition as to quality or fitness has been provided in the Sale of Goods Act, 1930, under
A)
Section 15
B)
Section 16
C)
Section 17
D)
Section 18
Answer & Solution
Answer: Option
B
44
Section 9 of the Sale of Goods Act, 1930 provides for fixing the price of goods
A)
By the contract itself
B)
In the manner agreed upon by the parties
C)
In the course of dealing between the parties
D)
Either (A) or (B) or (C)
Answer & Solution
Answer: Option
D
45
In which of the following cases the right of lien is lost by the unpaid seller,
A)
Where the seller's agent in possession of goods attoms to the buyer
B)
Where the buyer is in possession of goods as seller's bailee and the sale is completed
C)
Where the buyer obtains the possession of the goods in his own right
D)
All the above
Answer & Solution
Answer: Option
D
46
In the case of it was held that lottery tickets are good and not actionable claims. Thus, sale of lottery tickets is sale of goods,
A)
H. Anraj v. Government of Tamil Nadu, (AIR 1986 SC 63)
B)
U. P. Co-operative Cane Unions Federation v. West U. P. Sugar Mills Association, (AIR 2004 SC 3697)
C)
Commissioner of Sales Tax v. Madhya Pradesh Electricity Board, (AIR 1970 SC 732)
D)
None of the above
Answer & Solution
Answer: Option
A
47
Under section 8 of the Sale of Goods Act, 1930, the contract becomes
A)
Void ab initio
B)
Avoided from the date of perishing of goods
C)
Avoided from the date of knowledge of goods having been perished
D)
Only (A) and not (B) or (C)
Answer & Solution
Answer: Option
B
48
Choose the most appropriate option out of the following in respect to return of rejected goods by the buyer:
A)
Buyer is not bound to return any type of rejected goods, having right to do so, if he intimates to the seller that he refuses to accept the same
B)
Buyer is bound to return all types of rejected goods
C)
Buyer is bound to return only those rejected goods which are perishable
D)
Buyer is bound to return only those rejected goods which are sold by description
Answer & Solution
Answer: Option
A
49
When is the sale by mercantile agent who is in the possession of the goods or documents of the title to the goods not valid:
A)
When the mercantile agent acts in the ordinary course of business
B)
When the buyer is acting in good faith and
C)
When the buyer acts in good faith and has notice that the seller has no authority to sell at the time of the contract of sale
D)
When the owner has expressly authorised the act
Answer & Solution
Answer: Option
C
50
The essence of sale of goods lies in:
A)
Transfer of possession from buyer to seller
B)
Acquisition of possession by the buyer from the seller
C)
Transfer of property in goods from seller to buyer
D)
Payment of money or exchange of some articles
Answer & Solution
Answer: Option
C
