51
A contract for sale of goods, under section 54 of the Sale of Goods Act, 1930, ipso facto
A)
Stands rescinded by the exercise of right of lien by the unpaid seller
B)
Stands rescinded by the exercise of right of stoppage in transit by the unpaid seller
C)
Stands rescinder by the exercise of either the right of lien or the right of stoppage in transit by the unpaid seller
D)
Does not stand rescinded by the exercise of the right of lien or the right of stoppage in transit by the unpaid seller
Answer & Solution
Answer: Option
D
52
A contract of sale under section 4 of the Sale of Goods Act, 1930
A)
May be absolute
B)
May be conditional
C)
Either (A) or (B)
D)
Only (A) and not (B)
Answer & Solution
Answer: Option
C
53
Under section 13(2) of the Sale of Goods Act, 1930, the law presumes a waiver of condition
A)
Where the buyer has accepted the goods in part under a non-severable contract
B)
Where the contract is for specific goods, the property in which has passed to the buyer
C)
Either (A) or (B)
D)
Only (A) and not (B)
Answer & Solution
Answer: Option
C
54
Where the goods are to be delivered in future and the seller becomes insolvent before any appropriation is made
A)
The property in goods passes to the buyer and the buyer acquires interest in the goods
B)
The property in goods does not pass to the buyer and the buyer acquires no interest in the goods
C)
The property in goods passes but the buyer does not acquire any interest in the goods
D)
The property in goods does not pass but the buyer acquires interest in the goods
Answer & Solution
Answer: Option
B
55
Where the seller re-sells the goods without notice of his intention to re-sell to the buyer, the subsequent buyer
A)
Acquires a good title
B)
Acquires a good title only when the first buyer ratifies the sale
C)
Does not acquire a good title
D)
Acquires a good title but subject to the right of the first buyer against him
Answer & Solution
Answer: Option
A
56
Under Section 19 of the Sale of Goods Act, 1930 property passes when
A)
Directed by the law
B)
Intended by the party to pass
C)
Directed by the society
D)
None of the above
Answer & Solution
Answer: Option
B
57
Under sub-section (2) of section 30 of the Sale of Goods Act, 1930, the buyer in possession of goods can pass a valid title to the subsequent buyer
A)
If the possession of the property is obtained by the buyer with the consent of the seller and that consent has not been subsequently withdrawn
B)
If the possession of the property is obtained by the buyer with the consent of the seller, it is immaterial that the consent was subsequently withdrawn
C)
Both A and B
D)
None of the above
Answer & Solution
Answer: Option
B
58
Where the goods have not been appropriated to the contract and there is a re-sale of goods under section 54 of the Sale of Goods Act, 1930, the measure of damages on re-sale shall be
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 on re-sale
C)
The difference between the contract price and the market price on the date of breach or the price realised whichever is lower
D)
The difference between the contract price and the market price on the date of breach or the price realised whichever is higher
Answer & Solution
Answer: Option
A
59
Under Section 63 of Sale of Goods Act, 1930 'Reasonable time' is a . . . . . . .
A)
Question of law
B)
Question of fact
C)
Mixed question of law and fact
D)
Either (A) or (C)
E)
None of these
Answer & Solution
Answer: Option
B
60
The right of lien is available to the unpaid seller, under section 47 of the Sale of Goods Act, 1930, when he is in possession of goods
A)
In his own right
B)
As an agent of the buyer
C)
As a bailee for the buyer
D)
Either (A) or (B) or (C)
Answer & Solution
Answer: Option
D
