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Test: Formation Of Contract Of Sale- 1


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30 Questions MCQ Test Mercantile Law for CA CPT | Test: Formation Of Contract Of Sale- 1

Test: Formation Of Contract Of Sale- 1 for CA Foundation 2022 is part of Mercantile Law for CA CPT preparation. The Test: Formation Of Contract Of Sale- 1 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Formation Of Contract Of Sale- 1 MCQs are made for CA Foundation 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Formation Of Contract Of Sale- 1 below.
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Test: Formation Of Contract Of Sale- 1 - Question 1

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

Test: Formation Of Contract Of Sale- 1 - Question 2

A agrees B to sell 10 tonnes of wheat when the crop is harvested. It is…. 

Test: Formation Of Contract Of Sale- 1 - Question 3

If goods are unacertained then the contract is :

Test: Formation Of Contract Of Sale- 1 - Question 4

Which of the following is not a document of title to goods?

Detailed Solution for Test: Formation Of Contract Of Sale- 1 - Question 4

Railway receipt is a document of title but not a negotiable instrument.

Test: Formation Of Contract Of Sale- 1 - Question 5

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

Test: Formation Of Contract Of Sale- 1 - Question 6

 Sale is different from : 

Test: Formation Of Contract Of Sale- 1 - Question 7

X purchased papers from Y and resold them to Z, who found that the papers were infected with white ants and returned them to X. Can X return the goods to  Y?

Test: Formation Of Contract Of Sale- 1 - Question 8

A document of title of goods : 

Test: Formation Of Contract Of Sale- 1 - Question 9

When a person gives keys of his car to another person, what type of delivery is this?

Test: Formation Of Contract Of Sale- 1 - Question 10

 In a contract of sale, the price may be: 

Test: Formation Of Contract Of Sale- 1 - Question 11

 In case of a hire- purchase, the hirer: 

Test: Formation Of Contract Of Sale- 1 - Question 12

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 : 

Test: Formation Of Contract Of Sale- 1 - Question 13

Goods means every kind of movable property excluding: 

Detailed Solution for Test: Formation Of Contract Of Sale- 1 - Question 13

Goods' is defined as per Section 2 (7) of the 'Act' as. “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 severed before sale or under the contract of sale.”

“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 severed before sale or under the contract of sale.”

Test: Formation Of Contract Of Sale- 1 - Question 14

The Sale of Goods Act, 1930 came into force on:

Test: Formation Of Contract Of Sale- 1 - Question 15

In an agreement to sell buyer __________ goods on insolvency of seller:

Test: Formation Of Contract Of Sale- 1 - Question 16

The object of Sale is:

Test: Formation Of Contract Of Sale- 1 - Question 17

Under the Sale of Goods Act, 1930, in a contract of sale the essential element is : 

Test: Formation Of Contract Of Sale- 1 - Question 18

Under the Sale of goods Act, 1930, which of these are not considered as goods. 

Detailed Solution for Test: Formation Of Contract Of Sale- 1 - Question 18

Correct Answer :- a

Explanation : It is concluded from the above definition that the Act deals with the sale of goods i.e. movable property only. On the other hand sale of immovable property is governed by the Transfer of Property Act,1882 not in 1930. It is noted that the actionable claims and money are excluded from the ambit of the definition. Actionable claims are the claim or debt for which legal action can be taken and can be enforced. For eg: recovery of refund is an actionable claim and is not included in the purview of the above definition. Further, the goods can be classified under several categories.

Test: Formation Of Contract Of Sale- 1 - Question 19

A person is said to be insolvent when he ceased to pay his. 

Test: Formation Of Contract Of Sale- 1 - Question 20

The keys of a ware house where goods are stored is handed over to the buyer. It is called ________ delivery:

Test: Formation Of Contract Of Sale- 1 - Question 21

Can a hirer pass a good title to a bonafide purchaser?

Detailed Solution for Test: Formation Of Contract Of Sale- 1 - Question 21

Correct Answer :- D

Explanation : In the case of a sale, the buyer can pass a good title to a bona fide purchaser from him but in a hire-purchase, the hirer cannot pass any title even to a bona fide purchaser.

Test: Formation Of Contract Of Sale- 1 - Question 22

Y purchased goods from X and asked Z to keep the goods and told him that he will take the goods after wards:

Test: Formation Of Contract Of Sale- 1 - Question 23

Under the Sale of Goods Act, 1930, delivery means voluntary transfer of _______ from one party to the other. 

Test: Formation Of Contract Of Sale- 1 - Question 24

The essential element of Sales of Goods is:

Test: Formation Of Contract Of Sale- 1 - Question 25

Price list is a ____________.

Test: Formation Of Contract Of Sale- 1 - Question 26

Under the Sale of Goods Act, 1930, the seller in a contract of sale transfers the _____ in the goods to the buyer for the price.

Test: Formation Of Contract Of Sale- 1 - Question 27

When the delivery of goods takes place by way of handing over the document of title to goods, it is called __________

Test: Formation Of Contract Of Sale- 1 - Question 28

R supplied goods to jeweller for making an ornament. The jeweller charged Rs. 500/- as making charges. The deal is:

Test: Formation Of Contract Of Sale- 1 - Question 29

Essentials of contract of sale are:

Test: Formation Of Contract Of Sale- 1 - Question 30

An agreement for the sale of goods which provides that the property would pass on the buyer on full payment of price and execution of sale deed, is known as:

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