Which of the following most appropriately describes the term "sale" as per Sale of Goods Act, 1930:
A. A contract whereby seller transfers the property in goods
B. A contract whereby seller transfers or agrees to transfer the property in goods to the buyer for a price
C. A contract where transfer of the property in goods is to take place at a future time
D. A contract where transfer of the property in goods is to take place subject to some condition thereafter to be fulfilled
Answer: Option B
This Question Belongs to Law >> Sale Of Goods Act
The Sale of Goods Act, 1930 is based on:
A. The English Bill of Exchange Act, 1882
B. The Transfer of Property Act, 1882
C. The English Sale of Goods Act, 1893
D. The Indian Contract Act, 1872
Which of the following is not the right of an unpaid seller under Sale of Goods Act, 1930:
A. Right of lien on goods for the price while the goods are in possession of seller
B. Right of stopping the goods in transit, in case of insolvency of buyer
C. Right of resale as limited by the Act
D. Right of withholding delivery where the property in the goods has passed to the buyer
Under section 9 of the Sale of Goods Act, 1930, what is a reasonable price is
A. A question of fact
B. A question of law
C. A mixed question of fact and law
D. Only (C) and not (A) or (B)
Before the enactment of Sale of Goods Act, the provisions regarding Sale of Goods were contained in:
A. Indian Contract Act, 1872
B. Indian Registration Act, 1908
C. Transfer of Property Act, 1882
D. Indian Partnership Act, 1932
Join The Discussion