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Test: The Sale Of Goods Act, 1930- 1


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40 Questions MCQ Test Business Laws for CA Foundation | Test: The Sale Of Goods Act, 1930- 1

Test: The Sale Of Goods Act, 1930- 1 for CA Foundation 2022 is part of Business Laws for CA Foundation preparation. The Test: The Sale Of Goods Act, 1930- 1 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: The Sale Of Goods Act, 1930- 1 MCQs are made for CA Foundation 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: The Sale Of Goods Act, 1930- 1 below.
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Test: The Sale Of Goods Act, 1930- 1 - Question 1

A contract for the sale of goods where property would pass to the buyer on payment of total price would be

Test: The Sale Of Goods Act, 1930- 1 - Question 2

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

Test: The Sale Of Goods Act, 1930- 1 - Question 3

A contract for the sale of “future goods” is

Test: The Sale Of Goods Act, 1930- 1 - Question 4

A stipulation in a contract of sale of goods whose violation by seller gives a right of rescission to buyer, is called:

Test: The Sale Of Goods Act, 1930- 1 - Question 5

The unpaid seller has right of stoppage of goods in transit only where the buyer

Test: The Sale Of Goods Act, 1930- 1 - Question 6

The sale of Goods Act, 1930 deals with the

Test: The Sale Of Goods Act, 1930- 1 - Question 7

Under Sale of Goods Act, 1930 the terms “Goods” means every kind of movable property and it includes

Test: The Sale Of Goods Act, 1930- 1 - Question 8

A stipulation which is collateral to the main purpose of the contract, and if proves false, gives the buyer only a right to claim damages, is known as

Test: The Sale Of Goods Act, 1930- 1 - Question 9

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

Test: The Sale Of Goods Act, 1930- 1 - Question 10

The Sale of Goods Act, 1930 deals with

Test: The Sale Of Goods Act, 1930- 1 - Question 11

Which one of the following is true?

Test: The Sale Of Goods Act, 1930- 1 - Question 12

The conditions and warranties may be in the form of

Test: The Sale Of Goods Act, 1930- 1 - Question 13

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

Test: The Sale Of Goods Act, 1930- 1 - Question 14

Which of the following is not a form of delivery?

Test: The Sale Of Goods Act, 1930- 1 - Question 15

Which one of the following is/are document of title to goods?

Test: The Sale Of Goods Act, 1930- 1 - Question 16

Which one of the following is not true?

Test: The Sale Of Goods Act, 1930- 1 - Question 17

Mercantile Agent is having an authority to

Test: The Sale Of Goods Act, 1930- 1 - Question 18

Contract of Sale is

Detailed Solution for Test: The Sale Of Goods Act, 1930- 1 - Question 18

Correct Answer :- c

Explanation : An executed contract is when all parties have fulfilled their promises.

For example, a sales contract is complete when the transaction closes. The buyer has paid the money, and the seller has transferred the title.

An executory contract is when one or both parties have obligations still to be performed.

For example, a sales contract is an executory contract until the buyer has obtained financing-there are still obligations remaining to be performed before the contract can be considered executed.

Test: The Sale Of Goods Act, 1930- 1 - Question 19

In which form of the contract, the property in the goods passes to the buyer immediately?

Test: The Sale Of Goods Act, 1930- 1 - Question 20

Which one of the following is not an implied warranty?

Test: The Sale Of Goods Act, 1930- 1 - Question 21

Doctrine of Caveat Emptor means

Test: The Sale Of Goods Act, 1930- 1 - Question 22

Under the doctrine of Caveat Emptor the seller is

Test: The Sale Of Goods Act, 1930- 1 - Question 23

The doctrine of Caveat Emptor does not apply, when

Test: The Sale Of Goods Act, 1930- 1 - Question 24

Where there is an unconditional contract for the sale of specific goods in a deliverable state

Test: The Sale Of Goods Act, 1930- 1 - Question 25

Selection of goods with the intention of using them in performance of the contract and with the mutual consent of the seller and the buyer is known as

Test: The Sale Of Goods Act, 1930- 1 - Question 26

Acceptance of delivery of goods is deemed to take place when the buyer

Test: The Sale Of Goods Act, 1930- 1 - Question 27

An unpaid seller is having rights against

Test: The Sale Of Goods Act, 1930- 1 - Question 28

As per section 2, sub section 7 every kind of moveable property other than actionable claim and money is called

Test: The Sale Of Goods Act, 1930- 1 - Question 29

When the unpaid seller has parted with the goods to a carrier and the buyer has become insolvent he can exercise

Test: The Sale Of Goods Act, 1930- 1 - Question 30

The essence of a right of lien is to

Test: The Sale Of Goods Act, 1930- 1 - Question 31

Which of the following right can be exercised by an unpaid seller against the buyer, who is not insolvent

Test: The Sale Of Goods Act, 1930- 1 - Question 32

Which of the following is a buyer right against the seller in case of breach of contract?

Test: The Sale Of Goods Act, 1930- 1 - Question 33

An auction sale is complete on the

Test: The Sale Of Goods Act, 1930- 1 - Question 34

If a seller handed over the keys of a warehouse containing the goods to the buyer results in

Test: The Sale Of Goods Act, 1930- 1 - Question 35

If A agrees to deliver 100 kg of sugar to B in exchange of 15 mts of cloth, then it is

Test: The Sale Of Goods Act, 1930- 1 - Question 36

In a hire-purchase agreement, the hirer

Test: The Sale Of Goods Act, 1930- 1 - Question 37

A agrees to deliver his old car valued at Rs. 80,000 to B, a car dealer, in exchange for a new car, and agrees to pay the difference in cash it is

Test: The Sale Of Goods Act, 1930- 1 - Question 38

If the buyer rejects the whole quantity of goods due to short delivery or excess delivery, the contract is treated as

Test: The Sale Of Goods Act, 1930- 1 - Question 39

Seller has right of resale where

Test: The Sale Of Goods Act, 1930- 1 - Question 40

The Sale of Goods Act, 1930 is based on

Detailed Solution for Test: The Sale Of Goods Act, 1930- 1 - Question 40

Correct Answer :- b

Explanation : Contracts or agreements related to the sale of goods are governed under the Sale of Goods Act 1930. This act came into effect on the 1st of July 1930 in the whole of India except the state of Jammu and Kashmir.

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