Deck 5: Sale of Goods Act

Question 1

An unlawful act by which an intending purchaser is prevented from bidding or raising the price at an auction sale is known as

A)decoy ducking
B)puffering
C)damping
D)none of these

Answer 1

damping

Question 2

The right of lien is exercised

A)to retain possession of goods
B)to regain possession of goods
C)to resell the goods
D)none of these

Answer 2

to retain possession of goods

Question 3

Which of the following rights are available to the unpaid seller against the buyer

A)suit for price
B)suit for interest
C)suit for repudiation
D)all of these

Answer 3

all of these

Question 4

Delivery of the key of the warehouse by the seller to the buyer will amount to

A)actual delivery
B)symbolic delivery
C)constructive delivery
D)none of these

Question 5

In case the buyer rejects the whole quantity of goods due to short delivery or excess delivery, the contract is treated as

A)subsisting
B)cancelled
C)void
D)invalid

Question 6

The effect of refusal to accept a properly made offer of performance is that:

A)the promisor is not responsible for non-performance and can sue the promisee for the breach of contract.
B)such offer lapses on rejection by the offeree.
C)the contract is rendered voidable at the option of promisor.
D)the contract is discharged by anticipatory breach.

Question 7

In which of the following circumstances a contract can be treated as discharged under the concept of supervening impossibility?

A)spurt in prices
B)change in import policy
C)non-receipt of raw material from the supplier
D)shortage of working capital

Question 8

The consent is said to be free when:

A)two or more persons agree upon same thing in the same sense.
B)all parties to the contract benefit from the contract.
C)it is not the result of coercion or undue influence or fraud or misrepresentation or
D)all of the above.

Question 9

Which of the following may employ an agent?

A)any person who is capable of understanding the contract and forming a rational judgment as to its effect upon his interest.
B)any person who is engaged in business or profession.
C)any person who is of the age of majority according to the law to which he is subject and who is of sound mi

Question 10

Fraud means

A)suggestion as a fact, of something which is not true, by a person who does not believe it to be true
B)active concealment of a fact
C)promise made without any intention of performing it
D)all of the above

Question 11

The Sale of Goods Act, 1930 came into force on

A)1st day of july 1930
B)1st day of january 1930
C)1st day of august 1930
D)1st day of september 1930

Question 12

Which law governs the sale of movable property in India?

A)transfer of property act, 1872
B)sale of goods act, 1930
C)indian contract act, 1872
D)all of the above

Question 13

A contract of sale may be

A)oral
B)written
C)always expressed
D)either (a) & (b)

Question 14

'Delivery' within the meaning of the Sale of Goods Act can be

A)symbolic
B)actual
C)actual.
D)either (a) or (b) or (c)

Question 15

The term 'possession of goods' means

A)ownership of goods
B)custody of goods
C)both (a) & (b)
D)none of these

Question 16

The term 'Goods' in the Sale of Goods Act means

A)subject matter of the contract of sale
B)specific goods only
C)ascertained goods only
D)unascertained goods only

Question 17

The goods which are to be produced by the seller after the contract of sale is made are known as

A)contingent goods
B)unascertained goods
C)future goods
D)none of the above

Question 18

Where money is exchanged by one person for some money with another person, the transaction is known as

A)barter
B)exchange
C)money sale
D)none of the above

Question 19

A Sale of Goods under the Sale of Goods Act, 1930 includes

A)a jus in personam
B)a jus in rem
C)both (a) & (b)
D)neither (a) & (b)

Question 20

Where no price is fixed by express agreement, the buyer shall pay the seller

A)lowest price
B)reasonable price
C)suitable price
D)adhoc price

Question 21

A stipulation in a contract may be

A)condition
B)warranty
C)neither (a) & (b)
D)both (a) & (b)

Question 22

A 'Condition' under the Sale of Goods Act has been defined as a stipulation

A)collateral to the main purpose of the contract
B)main purpose of contract
C)essential to the main purpose of the contract
D)all of the above

Question 23

Which of the following is correct?

A)a condition is a stipulation, not essential to the main purpose of the contract.
B)a warranty is a stipulation, collateral to the main purpose of the contract.
C)breach of a warranty, gives rise to a right to treat the contract as repudiat

Question 24

When the buyer's right of quiet possession of goods is affected by the seller's fault, the buyer can

A)reject the goods
B)claim for damages
C)repudiate the contract
D)all of the above

Question 25

The buyer shall have and enjoy quiet possession of goods. This is an __________

A)implied warranty as to title
B)implied condition as to title
C)implied warranty as to possession
D)implied condition as to possession