Formation of Contract of Sale – Test 7

The term “Contingent Goods” refers to –

X a fisherman, agrees to sell Y, certain type of conch provided there is no cyclonic storm. The goods are –

Consideration in ______ passes only from one person to another

Law of equity does not apply in

In agreement to sell buyer ____ goods on insolvency of seller .

_____ may or may not pass between bailee or bailor

Goods which are identified and agreed upon at the time of formation of a contract of sale are called

Goods, the acquisition of which by the seller is dependent upon a contingency which may or may not happen are called

X agrees to buy 100 litres of coconut oil from Y cisterns. Y has many cisterns with more than 100 litres of oil in them it is

A contract of sale of goods is a contract whereby the seller ____ the property in goods to the buyer for a price.

X was shopping in a self-service super market. He picked up a bottle of mango squash from a shelf. while he was examining it, the bottle exploded in is hand and injured him. Can X claim damages for the injury ?

X agrees to buy from Y a hay stack on Y land with liberty to come to Y’s land to take it away

X agrees to sell Y, all crops to be grown in X’s farm in Haryana during 2006 season, for Rs.1,00,000. In this case, the goods are

Section 8 of the Sale of Goods Act, dealing with goods perishing before sale, in its application is confined to :

Where there is an agreement to sell specific goods, and subsequently the goods, without any fault on the part of the Seller or Buyer, perishes becomes damaged before the risk passes to the Buyer

Where by a contract of sale, the seller purports to effect a ______ the contract operates as an agreement to sell

Goods which are in existence and are owned or possessed by the seller at the time of making of contract of sale, is called

Price forms an essential part of a contract of sale of goods price

A sale is subject to the imposition of sales tax at the time of a contract of sale, while sales tax in a hire purchase

Where the transfer of the property in the goods is to takes place at a future time or subject to some condition thereafter to be fulfilled, the contract is called as

In a contract to sale, the Price may be

When seller exercises right of lien or right of stoppage of goods in transit and gives notice to buyer for payment and buyer does not pay or tender within reasonable time an Unpaid seller can

X sells his motor car to Y for Rs.90,000 with the condition that Rs.40,000 is to be paid there and then and balance in 10 equal installments. What is the nature of the contract ?

Where no price is fixed in a contract, under Section 9 of the Sale of Goods Act, the buyer shall pay

Where no price is fixed by express agreement or by implication, the Buyer shall pay the Seller

Which of the following statements are correct

(i) In case of sale, the subject matter of contract exists the time of sale.

(ii) The term goods does not include shares

(iii) In a contract of sale, the price may be paid partly in cash and partly in goods valued in terms of money

(iv) A contract of sale must be in writing