Question 1

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

Accepted Answer

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

Question 2

A sale is a ______________ contract

Accepted Answer

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

Question 3

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

Accepted Answer

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

Question 4

A consideration in contract of sale must be ______________ only

Accepted Answer

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

Question 5

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

Accepted Answer

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

Question 6

The subject matter of the contract must necessarily be _____________

Accepted Answer

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

Question 7

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

Accepted Answer

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

Question 8

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

Accepted Answer

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

Question 9

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

Accepted Answer

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

Question 10

As per Sale of goods Act Movable goods does not include

Accepted Answer

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

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

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