71
When does the property in the goods pass to the buyer in case of a contract for the sale ofunascertained or future goods by description:
A)
When the goods of that description and in a deliverable state are unconditionally appropriated to the contract either by the seller or by the buyer with the assent of each other
B)
When the goods of that description and in a deliverable state are conditionally appropriated to the contract either by the seller or by the buyer with the assent of each other
C)
When the goods of that description and in a non-deliverable state are conditionally appropriated to the contract either by the seller or by the buyer with the assent of each other
D)
When the goods of that description and in a non-deliverable state are unconditionally appropriated to the contract either by the seller or by the buyer with the assent of each other
Answer & Solution
Answer: Option
A
72
In the Contract of Sale, there is an implied warranty that:
A)
Seller has a right to sell the goods
B)
The buyer has the right to have and enjoy the quiet possession of goods only
C)
The goods shall be free from any charge or encumbrance
D)
The buyer has the right to have and enjoy the quiet possession of goods and that the goods shall be free from any charge or encumbrance
Answer & Solution
Answer: Option
D
73
Which of the following is not a feature of hire purchase agreement?
A)
Hirer has the option to purchase the goods at the end of payment of instalments
B)
Property in goods passes when the last hire purchase instalment is paid
C)
Hire purchase agreement is not treated as bailment
D)
Possession of property is passed to the hirer at the time of agreement
Answer & Solution
Answer: Option
C
74
Under section 61 of the Sale of Goods Act, 1930, interest can be awarded
A)
When there is a provision in the contract for the award of interest
B)
In the absence of a provision in the contract for the award of interest
C)
Neither when there is a provision in the contract nor in the absence of a provision in the contract for the award of interest
D)
When there is a provision in the contract and even in the absence of a provision in the contract for the award of interest
Answer & Solution
Answer: Option
D
75
Section 11 of the Sale of Goods Act, 1930 lays down
A)
Stipulation as to time of payment and other stipulations as to time are of the essence of the contract
B)
Stipulations as to time of payment and other stipulations as to time are not of the essence of the contract
C)
Stipulations as to the time of payment are not of the essence of the contract and other stipulations as to time are of the essence of the contract or not depends on the terms of the contract
D)
Stipulations as to the time of payment are of the essence of the contract or not depends on the terms of the contract and other stipulations as to time are not of the essence of the contract
Answer & Solution
Answer: Option
C
76
The term 'delivery' has been defined, in the Sale of Goods Act, 1930 under
A)
Section 2(3)
B)
Section 2(2)
C)
Section 2(1)
D)
Section 2(4)
Answer & Solution
Answer: Option
B
77
Where no price is fixed in a contract of sale of goods, under section 9 of the Sale of Goods Act, 1930
A)
The buyer shall pay the maximum price
B)
The buyer shall pay the lowest price
C)
The buyer shall pay a reasonable price
D)
The buyer shall pay the price as demanded by the seller
Answer & Solution
Answer: Option
C
78
The statutory power of re-sale of goods under section 54(2) of the Sale of Goods Act, 1930, arises
A)
Where the property in goods has passed to the buyer subject to the lien of the unpaid seller
B)
Where the property in goods has passed to the buyer without the lien of the unpaid seller
C)
Where the property in goods has not passed to the buyer
D)
Either (A) or (B) or (C)
Answer & Solution
Answer: Option
A
79
The propositions are
A)
1 is correct, 2 and 3 are incorrect
B)
1 and 2 are correct, 3 is incorrect
C)
1 and 3 are correct, 2 is incorrect
D)
2 and 3 are correct, 1 is incorrect
Answer & Solution
Answer: Option
B
80
Section 6 of the Sale of Goods Act, 1930 recognises exceptions to the general rule of caveat emptor enunciated in the first para of the section
A)
Two
B)
Four
C)
Three
D)
Five
Answer & Solution
Answer: Option
C
