Deck 4: Understanding the Sale of Goods Act and Contracts for Sale

Question 1

Sale under Sale of goods Act is a/an ____________________ contract

A)Executory
B)Executable
C)Executed
D)None of the above

Answer 1

Executed

Question 2

In sale the transfer of property in goods from the seller to the buyer takes place

A)At the end of contract
B)Immediately
C)In a future Date
D)Both a&b

Answer 2

Both a&b

Question 3

In Agreement to sell the transfer of property in goods from the seller to the buyer takes place

A)At the end of contract
B)Immediately
C)In a future Date
D)Both b&c

Answer 3

In a future Date

Question 4

Which of the following is not a subject matter in a Sale of goods Act

A)Trade mark
B)Good will
C)Money
D)Water

Question 5

As per Sale of goods Act Movable goods does not include

A)Gas
B)Growing crop
C)Electricity
D)Money

Question 6

The goods must be ________ goods for transferring the property in the goods

A)Ascertained
B)Unascertained
C)Future
D)All of the above

Question 7

The subject matter of the contract must necessarily be _____________

A)Sale
B)Product
C)Service
D)Goods

Question 8

A consideration in contract of sale must be ______________ only

A)Goods
B)movable only
C)price
D)Purchase

Question 9

Transfer or agree to transfer the _____________ of the goods is the purpose of sale of goods Act

A)Property
B)Possession
C)Value
D)Usage

Question 10

A sale is a ______________ contract

A)Implied
B)Executed
C)Agreed
D)Executory