The seller of goods is deemed to be an unpaid seller when____has been received as conditional payment and the condition has not been fulfilled, by way of dishonor or otherwise.
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Question 2 of 25
2. Question
1 points
Once possession is lost, right of lien of the unpaid seller is also lost. This statement is _____
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Question 3 of 25
3. Question
1 points
An unpaid seller’s right of lien is lost-
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Incorrect
Question 4 of 25
4. Question
1 points
When an unpaid seller stops the goods during the continuance of transit and regains the possession of goods, it is said that seller is exercising-
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Incorrect
Question 5 of 25
5. Question
1 points
When the buyer of goods becomes insolvent, the unpaid seller can exercise-
(I) Right of lien
(II) Right of stoppage in transit
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Incorrect
Question 6 of 25
6. Question
1 points
The right to stop goods is available to an unpaid seller-
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Incorrect
Question 7 of 25
7. Question
1 points
Right of stoppage in transit can be exercised by the unpaid seller, where the buyer-
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Incorrect
Question 8 of 25
8. Question
1 points
Goods are deemed to be in transit from the time they are delivered to the carrier or other bailee for transmission to the buyer, until____
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Incorrect
Question 9 of 25
9. Question
1 points
Goods-in-transit can be stopped for-
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Incorrect
Question 10 of 25
10. Question
1 points
If the carrier/bailee wrongfully refuses to deliver the goods to the buyer or his agent, the transit-
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Incorrect
Question 11 of 25
11. Question
1 points
Purpose of right of lien is____possession of goods.
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Question 12 of 25
12. Question
1 points
Purpose of right of stoppage of goods in transit is ___possession of goods.
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Incorrect
Question 13 of 25
13. Question
1 points
To exercise the unpaid seller’s of stoppage in transit, the seller should have lost his-
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Incorrect
Question 14 of 25
14. Question
1 points
The right of re-sale of goods, by an unpaid seller, can be exercised in respect of goods which are of a-
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Incorrect
Question 15 of 25
15. Question
1 points
In case of re-sale of goods by an unpaid seller, the original buyer is entitled to any profit which may occur on the resale____
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Incorrect
Question 16 of 25
16. Question
1 points
where goods are of perishable nature, unpaid seller can-
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Incorrect
Question 17 of 25
17. Question
1 points
An unpaid seller pledged his goods, then resale to a bona fide buyer, such buyer acquires-
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Incorrect
Question 18 of 25
18. Question
1 points
Which of the following right is not available to unpaid seller?
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Question 19 of 25
19. Question
1 points
____is a public sale where bids are invited and goods are sold to highest bidder.
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Incorrect
Question 20 of 25
20. Question
1 points
In the case of ____the sale may be notified to be subject to a reserve or upset price.
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Incorrect
Question 21 of 25
21. Question
1 points
Auctioneer can accept bid-
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Incorrect
Question 22 of 25
22. Question
1 points
In the case of sale by auction, where goods are put up for sale in lots, each is prima facie deemed to be the subject of a separate contract of sale.
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Incorrect
Question 23 of 25
23. Question
1 points
Any bidder may withdraw his bid before the auctioneer announces its completion____
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Question 24 of 25
24. Question
1 points
A right to bid may be reserved expressly by or on behalf of the seller. Where such right is expressly so reserved, the seller or any other person on his behalf may bid at the auction.
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Incorrect
Question 25 of 25
25. Question
1 points
When the sale is not notified to be subject to a right to bid on behalf of seller, it shall not be lawful for the seller-
Correct
Incorrect
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