1
In an agreement to sell the buyer has paid the price but before sale takes place the seller becomes insolvent. Can the buyer claim property in goods?
A)
Yes he can as the seller has become insolvent
B)
Yes if he gets official information of seller's insolvency
C)
No he cannot as the property in goods have yet not passed to the buyer
D)
Property in goods will vest in the state
Answer & Solution
Answer: Option
C
2
When can a breach of condition be treated as a breach of warranty by the seller as per the provisions of Sale of Goods Act, 1930:
A)
When the buyer fulfils the condition stipulated to the contract of sale
B)
When the contract of sale is severable and the buyer has accepted the entire goods
C)
When the contract of the sale is not severable and the buyer has accepted the goods or part thereof, subject to an express or implied term in the contract
D)
When the contract of the sale is severable and the buyer has accepted the entire goods or part thereof
Answer & Solution
Answer: Option
C
3
During the currency of the bill of exchange, the vendor's lien over the goods, shall remain suspended where the instrument operates as
A)
Conditional payment
B)
Absolute discharge
C)
Either (A) or (B)
D)
Neither (A) nor (B)
Answer & Solution
Answer: Option
A
4
Which of the following are goods within the meaning of Section 2(7) of the Sale of Goods Act, 1930?
A)
Things attached to land which are agreed to be severed before sale
B)
Things forming part of the land agreed to be severed before sale
C)
Either (A) or (B)
D)
Neither (A) nor (B)
Answer & Solution
Answer: Option
C
5
After the passing of property in goods to the buyer, under section 46 of the Sale of Goods Act, 1930, the unpaid seller has a right of
A)
Lien over the goods
B)
Stoppage of goods in transit
C)
Re-selling the goods
D)
All the above
Answer & Solution
Answer: Option
D
6
Section 46 of the Act gives following rights to unpaid seller against the goods.
A)
A lien on the goods for the price while he is in the possession of them
B)
A right to stop the goods in transit, in case of the buyer's insolvency
C)
A right of resale
D)
All of the above
Answer & Solution
Answer: Option
D
7
The "assent" of the seller to the sub-sale or pledge of goods by the buyer, within the meaning of section 53 of the Sale of Goods Act, 1930 shall be
A)
Such as to bring the factum of sub-contract to his notice and he acknowledges the receipt of said notice
B)
Such as in the circumstances shows that the seller intends to renounce his rights against the goods
C)
Such as in the circumstances shows that the seller intends to renounce his rights against the buyer
D)
Either (A) or (B) or (C)
Answer & Solution
Answer: Option
B
8
Under section 7 of the Sale of Goods Act, 1930, a contract for sale of specific goods is void
A)
Where the goods have perished/damaged without knowledge of the seller
B)
Where the goods have perished/damaged to the knowledge of the seller
C)
Where the goods have perished/damaged, irrespective of without or to the knowledge of the seller
D)
Where the goods have perished/damaged to the knowledge of the buyer
Answer & Solution
Answer: Option
A
9
A 'sale of goods' under the Sale of Goods Act, 1930, creates:
A)
A jus in rem
B)
A jus in personam
C)
Both (A) and (B)
D)
Either (A) or (B) depending on the facts and circumstances of the case
Answer & Solution
Answer: Option
A
10
Read Assertion (A) and Reason (R) and answer using given below.Assertion (A): 'Goods' means every kind of movable property including actionable claims and money and excludes stock and shares, growing crops, grass and things attached to or forming part of the land which are agreed to be served before sale or under the contract of sale.Reason (R): Above principle is laid down in Section 2(7) of the Sale of Goods Act.
A)
Both (A) and (R) are right
B)
Both (A) and (R) are wrong
C)
(A) is wrong but (R) is right
D)
(A) is right but (R) is wrong
Answer & Solution
Answer: Option
B
