1
Waiver of a condition in a contract of sale of goods, under section 13 of the Sale of Goods Act, 1930, is deemed
A)
In cases of legal impossibility
B)
In cases where the default of the buyer render the performance of the condition impossible
C)
Both (A) and (B)
D)
Only (A) and not (B)
Answer & Solution
Answer: Option
C
2
Where in a contract of sale the seller purports to effect the present sale of the future goods, the contract operates as:
A)
A Contract of sale
B)
An agreement to sell the goods
C)
A Contact of sale or agreement to sell
D)
It is not a valid contract
Answer & Solution
Answer: Option
B
3
Contract of sale according to Sale of Goods Act means
A)
Only a sale
B)
A sale and an agreement to sell
C)
Only an agreement to sell
D)
Neither sale nor agreement to sell
Answer & Solution
Answer: Option
B
4
The meaning of the term 'caveat emptor' is
A)
Goods should be free from defect
B)
Ownership of goods passes after sale
C)
Let the buyer be aware
D)
None of the above
Answer & Solution
Answer: Option
C
5
In case of absence of transfer of title or registration, the purchaser
A)
Can claim damages for breach of conditions or warrantees
B)
Cannot claim damages for breach of conditions and warrantees
C)
Can claim full price back
D)
None of above
Answer & Solution
Answer: Option
B
6
Section 24 of the Sale of Goods Act, 1930, deals with passing of property in goods where
A)
The goods are sent on approval
B)
The goods are sent 'on sale or return' basis
C)
Both (A) and (B)
D)
Either (A) or (B)
Answer & Solution
Answer: Option
D
7
A sale of goods by a person in possession of goods under a voidable contract, can pass a valid title to the buyer, as provided under
A)
Section 28 of the Sale of Goods Act, 1930
B)
Section 29 of the Sale of Goods Act, 1930
C)
Section 30 of the Sale of Goods Act, 1930
D)
Section 31 of the Sale of Goods Act, 1930
Answer & Solution
Answer: Option
B
8
The right of lien, under section 47 of the Sale of Goods Act, 1930, is available to the unpaid seller against
A)
The payment of price of goods
B)
The payment of other charges incurred by the seller
C)
Both (A) and (B)
D)
Either (A) or (B)
Answer & Solution
Answer: Option
A
9
Under section 18 of the Sale of Goods Act, 1930, the property, in case of sale of unascertained goods, passes when
A)
The goods are so far ascertained that the parties have agreed that they shall be taken from some specific larger stock
B)
The transfer is made in the books of the warehouse man
C)
The pucca delivery order is entered
D)
The protection is identified and appropriated to the contract
Answer & Solution
Answer: Option
D
10
The measure of damages in cases of breach of warranty of quality is
A)
The difference between the contract price and the market price on the date of repudiation
B)
The difference between the contract price and the market price on the date of performance of the contract
C)
The difference between the value of the goods at the time of delivery and the value they would have had, if they answered the warranty
D)
The difference between the contract price and the value they would have had if they answered the warranty
Answer & Solution
Answer: Option
C
