Mercantile laws 9

The term “goods” under the Sale of Goods Act, 1930 does not include———-

Which of the following is not an implied condition in a contract of sale?

Which of the following is not a form of delivery?

Goods which are in existence at the time of the Contract of Sale is known as————

If X commissioned Y, an artist, to paint a portrait of A for 200 dollars & Y uses his own
canvas and paint then it is———-

The most important element in partnership is:

On dissolution the partners remain liable to till———–

Which of the following acts are not included in the implied authority of a partner?

After retirement from firm, which of the following partners is not liable by holding out,
even if the public notice of retirement is not given?

An agreement enforceable by law is a __________.

A wrong representation when made without any intention to deceive the other party amounts
to ____________.

When the consent of a party is obtained by coercion, undue influence, fraud or
misrepresentation, the contract is____________.

A threatens to kill B if he does not agree to sell his scooter to him for Rs. 1,000 only. Here B’s
consent is obtained by __________.

Where the consent of both the parties is given by mistake, the contract is ___________

A mistake as to a law not in force in India has the same effect as ______________.

An agreement, which prevents a person from carrying a lawful business, is ___________.

A agrees to sell his car to B at a price which B may be able to pay. This agreement is———–

An agreement to pay money or money’s worth on the happening or non-happening of a
specified uncertain event is a ____________.

Agreement-the meaning of which is uncertain is ________.

The goods are at the risk of a party who has the ____________.

In case of unconditional contract of sale, the property passes to the buyer at the time of
making the contract. For this rule to apply, the goods must be ___________.

In case of sale of unascertained goods, the ownership is transferred to the buyer when the
goods are _________.

In case of sale on approval, the ownership is transferred to the buyer when he _________.

The bidder at an auction sale can withdraw his bid __________.

A partner can retire on_____________.

Death of partner has the effect of____________.

The reconstitution of the firm takes place in case of __________

A partner may be expelled from the firm on the fulfillment of the condition that the expulsion
power is exercised ______________.

A contracts with B to buy a necklace, believing it is made of pearls whereas in fact it is made
of imitation pearls of no value. B knows that A is mistaken and takes no steps to correct the
error. Now A wants to cancel the contract on the basis of fraud. Which of the following
statement is correct?

A timber merchant agreed to supply best teak at a certain agreed price to a builder. Later
the merchant supplied timber which was identified as ordinary class of timber and demanded
the payment from the builder. Which of the following statements is/are true?

Which of the following statement is true?

An offer may lapse by:

Consideration must move at the desire of———-

Which of the following statements is not true about minor’s position in a firm?

A contract is discharged by novation which means the————

When prior to the due date of performance, the promisor absolutely refuses to perform the
contract, it is known as———

In case of breach of contract, which of the following remedy is available to the aggrieved party?

A voidable contract is one which—–

A agrees to sell his car worth Rs. 1,00,000 to B for Rs. 20,000 only, and A’s consent was
obtained by coercion. Here, the agreement is———

An agreement forbidden by law is known as———–