71
In which of the following cases, the right of stoppage in transit of the unpaid seller has not come to an end
A)
Where the goods in possession of the carrier were destroyed by the fire in mid way before reaching the destination and kept in the godown of the carrier
B)
Where the endorsee of a railway receipt from the buyer paid the freight and loaded the goods in his vehicle but has not left the station yard
C)
Where the carrier on reaching the destination enters into an agreement with the buyer to hold the goods as agent of the consignee
D)
All the above
Answer & Solution
Answer: Option
A
72
Under section 62 of the Sale of Goods Act, 1930, the implied terms and conditions in a contract of sale provided under the Act, can
A)
Be excluded by an express agreement
B)
Be excluded by an implied agreement
C)
Be excluded by an express or implied agreement
D)
Not be excluded either by express or implied agreement
Answer & Solution
Answer: Option
A
73
Section 2(2) of the Act defines 'Delivery' of the goods as:
A)
Involuntary transfer of possession of goods from one person to another
B)
Voluntary transfer of possession of goods from one person to another
C)
Transfer of goods from one person to another by the operation of law
D)
Both (A) and (B)
Answer & Solution
Answer: Option
B
74
The definition of 'goods' as given in section 2(7) of the Sale of Goods Act, 1930, is the same as given
A)
Of movable property under the General Clauses Act, 1897
B)
Of movable property under the Transfer of Property Act, 1882
C)
Of movable property under the Indian Contract Act, 1872
D)
Neither (A) nor (B) nor (C)
Answer & Solution
Answer: Option
D
75
A wagering contract is not
A)
Forbidden by law
B)
Void
C)
Unenforceable
D)
Neither (A) nor (B) or (C)
Answer & Solution
Answer: Option
A
76
Examination of goods at the place of delivery does not bar
A)
The right to reject the goods on second examination as regards patent defects
B)
The right to reject the goods on second examination as regards latent defects
C)
Both (A) and (B)
D)
Neither (A) nor (B)
Answer & Solution
Answer: Option
B
77
Articles of a company can be altered by
A)
The directors of the company
B)
The official of the company
C)
Share holders by passing an ordinary resolution
D)
Share holders by passing a special resolution
Answer & Solution
Answer: Option
D
78
In a conditional contract of sale of goods, a condition inserted for the benefit of one party is waived by that party, and that party
A)
Cannot insist upon that condition in future
B)
Can insist upon that condition in future as a matter of right
C)
Can insist upon that condition in future only if that party gives a reasonable notice of such intention to the other party
D)
Only (A) and not (B) or (C)
Answer & Solution
Answer: Option
C
79
In a sale of goods, condition is . . . . . . . .
A)
Limit on the price
B)
Limit on the quantity
C)
Stipulation essential to the main purpose of contract
D)
None of the above
Answer & Solution
Answer: Option
C
80
Nemo dat quod non habet (no man can confer a better title than that which he himself has) is an established principle of:
A)
Rule of transfer of property
B)
Rule of Law of Torts
C)
Rule of Law of crimes
D)
Rule of contract
Answer & Solution
Answer: Option
A
