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Test: Transfer Of Ownership And Delivery Of Goods- 1 - CA Foundation MCQ


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30 Questions MCQ Test Business Laws for CA Foundation - Test: Transfer Of Ownership And Delivery Of Goods- 1

Test: Transfer Of Ownership And Delivery Of Goods- 1 for CA Foundation 2024 is part of Business Laws for CA Foundation preparation. The Test: Transfer Of Ownership And Delivery Of Goods- 1 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Transfer Of Ownership And Delivery Of Goods- 1 MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Transfer Of Ownership And Delivery Of Goods- 1 below.
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Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 1

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

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 2

A delivers a horse to B for trial for 8 days. It was agreed that sale would be completed if the horse was found suitable for B’s purpose. The horse died on 3rd day without any fault of either party. It was held that contract was: 

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Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 3

Reservation of Right to disposal is available for which kind of goods?

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 4

A finder of goods has the power to sell the goods and to give good title to the buyer, if the owner of goods cannot be found with: 

Detailed Solution for Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 4

A Finder of goods has the power to sell the goods to give good title to the Buyer, if the owner of goods cannot be found with reasonable diligence.  Reasonable diligence refers to the due diligence. It refers to he care expected from a logical and reasonable person.

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 5

A sold a bicycle costing Rs. 1,000 to B. B paid Rs. 500 and after some time A insisted B to take delivery. In the meantime bicycle is lost. Who bears the risk?

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 6

A contract for sale of goods to be delivered at a future date shall be _______even if the seller has got the goods in present possession: 

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 7

Where goods are sold by a person who is not the owner thereof and who does not sell them under the authority or with the consent of the owner, the buyer acquires no better title to the goods than the seller had. This is known as: 

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 8

________means an act involving the selection and earmarking or separation of goods with the intention of using the goods in performance of contract of sale:

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 9

A of Mumbai writes to B of Delhi to send him a book by post parcel. The parcel is lost on the way. Can B recover the price?

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 10

If the buyer has received lesser quantity of goods than agreed, then he may: 

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 11

If the seller refuses to take away the goods, the buyer becomes: 

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 12

There was a contract to supply waste coal and ash for the next six months, as and when the waste is generated by the seller’s factory.The buyer paid the lump sum price for the next six months in advance. When does the property in the goods pass to the buyer?

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 13

Ram of Mumbai order Bill of Delhi for the supply of certain goods. The station Master of Mumbai informs Ram about the arrival of goods but before Ram could take delivery, goods are destroyed. Can bill get the money of goods?

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 14

Nemo date quod non habet means : 

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 15

If the buyer becomes insolvent after transfer of property in goods, but before getting possession of goods:

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 16

When the seller delivers goods to the buyer an approval basis, the property in the goods passes to the buyer when:

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 17

If goods were delivered to buyer and after the delivery, the goods were destroyed, then who will suffer the loss?

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 18

Prem Chand Picked Ram Chand’s camera and sold it to Gopal in a public auction. Gopal did not know that it was a stolen camera. Gopal cannot become the owner of the camera due to the principle of : 

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 19

As per the Sale of Goods Act, 1930 physical delivery of goods is not an essential element of contract of sale. This statement is_______.

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 20

In a contract of sale of goods, as per Sale of Goods Act, 1930, physical delivery of goods is not an essential element.

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 21

Where the buyer wrongfully neglects or refuses to accept and pay for the goods, he will have to compensate the seller in a suit by him for: 

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 22

A gives a gold chain to B on sale or return basis and B gives it to C on sale or return basis. C loses the gold chain. Who shall bear the loss?

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 23

Risk prima facie passes with :-

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 24

In case of Excess delivery, buyer is at liberty to 

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 25

Which of the following modes of delivery is considered to be valid in a contract of sale of goods?

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 26

 In sale the position of a buyer is that of : 

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 27

When the dale is made, goods should be: 

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 28

 The risk goods passes to the buyer when:

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 29

Passing of title or transfer of property constitutes the most important element to decide the legal rights and liabilities of _________.

Test: Transfer Of Ownership And Delivery Of Goods- 1 - Question 30

When the buyer and seller both reject the goods and the goods are in transit, then 

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