Rakesh sends gold to Anand for making ornaments. This is-
Correct
Incorrect
Question 2 of 25
2. Question
1 points
Which of the following is contract for work and labour?
1. X, an artist, agreed to paint a picture of Y. Y supply canvas and other material.
2. A dentist agreed to supply a set of artificial teeth to a patient. The entire material found by dentist.
Correct
Incorrect
Question 3 of 25
3. Question
1 points
The subject matter of the contract of sale is essentially-
Correct
Incorrect
Question 4 of 25
4. Question
1 points
The term “Goods” under the sale of Goods Act, 1930 covers-
Correct
Incorrect
Question 5 of 25
5. Question
1 points
Goods mean every kind of movable property other than-
1. Actionable claim
2. Money
Correct
Incorrect
Question 6 of 25
6. Question
1 points
Goods includes-
I. Movable property
J. Growing crops
K. Grass
Correct
Incorrect
Question 7 of 25
7. Question
1 points
Goods includes-
(i) Actionable claims
(ii) Current money
(iii) Land
Correct
Incorrect
Question 8 of 25
8. Question
1 points
Goods includes___
Correct
Incorrect
Question 9 of 25
9. Question
1 points
____are those goods which are owned and possessed by seller at the time of contract of sale.
Correct
Incorrect
Question 10 of 25
10. Question
1 points
Goods which are identified and agreed upon at the time the contract of sale is made are-
Correct
Incorrect
Question 11 of 25
11. Question
1 points
Goods which are not identified and agreed upon at the time the contract of sale is made are-
Correct
Incorrect
Question 12 of 25
12. Question
1 points
Goods which are ascertained subsequent to formation of contract of sale are-
Correct
Incorrect
Question 13 of 25
13. Question
1 points
Goods which are not possessed by seller at the time of contract of sale but will be manufactured or produced or acquired by the seller, after the contract of sale are known as-
Correct
Incorrect
Question 14 of 25
14. Question
1 points
In case of future goods, the contract operates as___ the goods.
Correct
Incorrect
Question 15 of 25
15. Question
1 points
When acquisition of the goods depends upon happening or non-happening of future uncertain event such goods are known as___
Correct
Incorrect
Question 16 of 25
16. Question
1 points
X, a fisherman agrees to sell fish to Y that may be caught in sea. Here fish is-
Correct
Incorrect
Question 17 of 25
17. Question
1 points
If a merchant agrees to supply a radio set from his stock of radio sets, it is a contract of sale of _____ because it is not known which set will be delivered.
Correct
Incorrect
Question 18 of 25
18. Question
1 points
A agrees to sell all the mangoes which will be produced in his garden next season. This is an agreement for the sale of-
Correct
Incorrect
Question 19 of 25
19. Question
1 points
Where goods are not specific and ascertainable at the time of making of the contract, it shall-
Correct
Incorrect
Question 20 of 25
20. Question
1 points
Which of the following will operate as agreement to sell?
Correct
Incorrect
Question 21 of 25
21. Question
1 points
X agrees to sell mangoes to Y. The mangoes are perished at the time of contract. X had no knowledge that mangoes are perished. The contract is-
Correct
Incorrect
Question 22 of 25
22. Question
1 points
In a contract of sale, the price may be-
1. fixed by the contract
2. agreed to be fixed in a manner thereby agreed
3. determined by course of dealings between the parties
Correct
Incorrect
Question 23 of 25
23. Question
1 points
In a contract of sale, the price may be-
Correct
Incorrect
Question 24 of 25
24. Question
1 points
Where nothing is said by the parties regarding price, the buyer must pay-
Correct
Incorrect
Question 25 of 25
25. Question
1 points
Which of the following is not essential element of contract of sale?
Correct
Incorrect
Ekvij provides online exams For CA,CMA and CS examinations