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 6
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Subject : Mercantile Laws Questions : 30
Chapter :Contingent and Quasi Contracts-Test 6
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The term “Property” in the Sale of Goods Act, 1930 means
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Question 2 of 30
2. Question
1 points
Under the Sale of Goods Act, 1930, “Property in Goods” means
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Question 3 of 30
3. Question
1 points
Under the Sale of Goods Act, 1930 “seller” means a person who
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Question 4 of 30
4. Question
1 points
The goods which are to be procured after making the contract of sale are
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Question 5 of 30
5. Question
1 points
A contract for the sale of ‘future goods’ , is
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Question 6 of 30
6. Question
1 points
In a hire-purchase agreement, the hirer
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Question 7 of 30
7. Question
1 points
According to Sale of Goods Act the term ‘Goods’ includes
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Question 8 of 30
8. Question
1 points
Agreement to sell is
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Question 9 of 30
9. Question
1 points
Sale is
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Question 10 of 30
10. Question
1 points
Following is not the document of title
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Question 11 of 30
11. Question
1 points
Under the Sale of Goods Act, 1930 “Future Goods” means
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Question 12 of 30
12. Question
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The term “Future Goods” is defined under
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Question 13 of 30
13. Question
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The sale of a good is complete upon
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Question 14 of 30
14. Question
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Section 7 deals with situations where the specific goods, without the knowledge of the Seller have, at the time when the contract was made perished or become so damaged that it fails to match their description in the contract, such contract is however
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Question 15 of 30
15. Question
1 points
An agreement to sell becomes ______ when the time elapses or the conditions are fulfilled subject to the terms of contract.
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Question 16 of 30
16. Question
1 points
Where the transfer of property is to take place at a future time or subject to some condition thereafter to be fulfilled, it is
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Question 17 of 30
17. Question
1 points
Where by a contract of sale, the seller purports to effect a present sale of future goods, the contract
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Question 18 of 30
18. Question
1 points
In case of a contract for the sale of specific goods, the contract is void if the goods, without the knowledge of have at the time when the contract was made, perished or become so damaged that it fails to match to their description in the contract
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Question 19 of 30
19. Question
1 points
In an agreement to sell, in case the Buyer becomes insolvent before payment of price, the Seller
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Question 20 of 30
20. Question
1 points
X agrees to deliver 100 Fridge sets to Y in exchange of 100 T.V. sets. This is a
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Question 21 of 30
21. Question
1 points
The goods acquisition of which depends on happening of future uncertain event are called
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Question 22 of 30
22. Question
1 points
Where specific goods are destroyed without any fault of the seller subsequent to the agreement to sell the goods, the agreement
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Question 23 of 30
23. Question
1 points
Where price of goods sold is to be fixed by a third party and the third party refuses to fix the price, the contract becomes
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Question 24 of 30
24. Question
1 points
X agrees to deliver in future 100 computer sets for Rs.30 lakhs in exchange of 200 fridge sets worth Rs.40 lakhs and Rs.60,000 in cash. This is a
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Question 25 of 30
25. Question
1 points
Where specific goods are destroyed before a contract of sale is made and the seller has no knowledge of the destruction of goods, the contract is
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Question 26 of 30
26. Question
1 points
______ means every kind of movable property other than actionable claims and money; and includes stock and shares, growing crops, grass and things attached to or forming part of the land which are agreed to be several before sale or under the contract of sale
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Question 27 of 30
27. Question
1 points
In case of Future goods
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Question 28 of 30
28. Question
1 points
X agrees to sell oranges to Y at a price to be fixed by X, Y refuses to fix the price. Could the agreement be avoided ?
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Question 29 of 30
29. Question
1 points
Where the price is not determined
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Question 30 of 30
30. Question
1 points
Consideration in ______ passes from both parties to each other.