Online exam in Formation of Contract of Sale in Mercantile Laws for the preparation of professional exams of ca cpt, ca foundation, cs foundation, cma foundation
Formation of Contract of Sale - Test 2
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Subject :- Mercantile law No.of Quiz questions :- 30
Chapter :- Formation of Contract of Sale- Test 2
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In case of an agreement to sell, subsequent loss or destruction of the goods is the liability of ______ :
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Question 2 of 30
2. Question
1 points
In case of sale of standing trees, the property passes to the buyer when trees are :
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Question 3 of 30
3. Question
1 points
A share certificate is a :
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Question 4 of 30
4. Question
1 points
The law relating to sale of goods is contained in the Sale of Goods Act, 1930 which came into force on :
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Question 5 of 30
5. Question
1 points
A contracts to sell to B all the oil to be produced from groundnut harvested from A’s farm. The crops having been harvested and oil made therefrom, A fills the oil in the cans supplied by B. Does the property in oil pass to B ?
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Question 6 of 30
6. Question
1 points
In a sale of specific or ascertained goods the property in the goods passes to the buyer :
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Question 7 of 30
7. Question
1 points
The position of the hire purchaser in that of (in sale) :
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Question 8 of 30
8. Question
1 points
When the seller causes a change in the possession of goods without any actual change in their actual and visible custody and without any movement from current location, its a case of :
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Question 9 of 30
9. Question
1 points
Which of the following is not considered as goods ?
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Question 10 of 30
10. Question
1 points
Which of the following is not recognized as Goods ?
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Question 11 of 30
11. Question
1 points
X agrees to buy goods from Y at a price to be fixed by C. The contract is :
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Question 12 of 30
12. Question
1 points
Which of the following modes of delivery of goods is considered effective for a valid contract of sale ?
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Question 13 of 30
13. Question
1 points
Which one of the following is not a document of title to goods ?
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Question 14 of 30
14. Question
1 points
Movable property does not include money but includes :
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Question 15 of 30
15. Question
1 points
In an agreement to sell :
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Question 16 of 30
16. Question
1 points
In cased of hire-purchase, the hirer
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Question 17 of 30
17. Question
1 points
Which of the following are covered within the definition of goods under Sale of Goods Act, 1930 ?
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Question 18 of 30
18. Question
1 points
A contract for the sale of “future goods” is :
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Question 19 of 30
19. Question
1 points
The Sale of Goods Act, 1930, deals with.
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Question 20 of 30
20. Question
1 points
Actionable claims are claims which are enforceable only by.
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Question 21 of 30
21. Question
1 points
When the goods are identified in a contract of sale, they are called _______ .
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Question 22 of 30
22. Question
1 points
A contract for sale of goods where property would pass to buyer at a future date is :
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Question 23 of 30
23. Question
1 points
Ram agrees to sell Mohan all the mangoes which will be produced in his garden next year. This is an agreement of sale of :
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Question 24 of 30
24. Question
1 points
The keys of a ware house where goods are stored in handed over to the buyer. It is called _________ .
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Question 25 of 30
25. Question
1 points
_____ are goods which are already available and which are physically present with the seller :
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Question 26 of 30
26. Question
1 points
In a contract of sale if no price has been fixed by the parties, then the buyer is required to pay :
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Question 27 of 30
27. Question
1 points
When the delivery of goods takes place by way of handling over the documents of title of goods. It is called :
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Question 28 of 30
28. Question
1 points
A document issued by railway company acknowledging receipt of goods is known as :
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Question 29 of 30
29. Question
1 points
Under the Sale of Goods Act, 1930, the seller in a contract of sale transfers the ____ in the goods to the buyer for the price.
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Question 30 of 30
30. Question
1 points
Q sells 100 tons of rice to P @ Rs.50,000 per ton. P makes the full payment & says that he will pick the goods next week. Before P could pick the goods, the goods got destroyed. The loss will be borne by