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Test: Unpaid Seller- 2 - CA Foundation MCQ


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27 Questions MCQ Test Business Laws for CA Foundation - Test: Unpaid Seller- 2

Test: Unpaid Seller- 2 for CA Foundation 2024 is part of Business Laws for CA Foundation preparation. The Test: Unpaid Seller- 2 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Unpaid Seller- 2 MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Unpaid Seller- 2 below.
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Test: Unpaid Seller- 2 - Question 1

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

Test: Unpaid Seller- 2 - Question 2

If in an Auction Sale, Auctioneer mistakenly falls the hammer for price less than the Reserve price, Auctioneer is: 

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Test: Unpaid Seller- 2 - Question 3

In pretended bidding sale is : 

Test: Unpaid Seller- 2 - Question 4

Rights of the seller against the buyer personally are called ______

Test: Unpaid Seller- 2 - Question 5

When an unpaid seller, who has exercised his right of lien or stoppage in transit, re-sells the goods: 

Test: Unpaid Seller- 2 - Question 6

When the buyer gives price of the good and seller becomes insolvent then what remedy is available with the buyer against the goods and seller?

Test: Unpaid Seller- 2 - Question 7

Under the Sale of Goods Act, 1932, the essence of Right of Lien is to; 

Test: Unpaid Seller- 2 - Question 8

Unpaid seller can exercise ________if the buyer has become insolvent

Test: Unpaid Seller- 2 - Question 9

Unpaid Seller has a right of _________when the goods have not been delivered to the buyer or his agent

Test: Unpaid Seller- 2 - Question 10

The unpaid seller is not required to inform the buyer in case he resells the goods but the goods must be:-

Test: Unpaid Seller- 2 - Question 11

An auction sale is completed on __________:

Test: Unpaid Seller- 2 - Question 12

An auction sale is completed on __________:

Test: Unpaid Seller- 2 - Question 13

Unpaid seller can sell the goods if:

Detailed Solution for Test: Unpaid Seller- 2 - Question 13

The unpaid seller can re-sell the goods if the goods are of a perishable nature. He can also make a resale of the goods if he has given notice to the buyer of his intention to re-sell and the buyer has not within a reasonable time paid the price

Test: Unpaid Seller- 2 - Question 14

Right of lien in available to an unpaid seller of goods, who is in possession of goods:

Test: Unpaid Seller- 2 - Question 15

If no notice of resale is given to the buyer, the unpaid seller is not entitled: 

Test: Unpaid Seller- 2 - Question 16

When an unpaid seller, who has exercised his right of lien or stoppage in transit, re-sells the goods: 

Test: Unpaid Seller- 2 - Question 17

Reserve price is considered in _________ 

The rights available to an unpaid seller of goods under the Sale of Goods Act, 1930 are:                     

 Discharge may be:

Test: Unpaid Seller- 2 - Question 18

 Right of lien means to _______: 

Test: Unpaid Seller- 2 - Question 19

M sold goods to B. The payment was to be done after one month. B did not made payment. The right of lien can be exercised by M when goods are________.

Test: Unpaid Seller- 2 - Question 20

Where the goods are of a perishable nature unpaid seller can : 

Test: Unpaid Seller- 2 - Question 21

The right of lien of unpaid seller comes to an end when_____.

Test: Unpaid Seller- 2 - Question 22

Unpaid seller can exercise ________if the buyer has become insolvent

Test: Unpaid Seller- 2 - Question 23

Unpaid Seller has a right of _________when the goods have not been delivered to the buyer or his agent

Test: Unpaid Seller- 2 - Question 24

The minimum price below which the auctioneer will not sell the goods. 

Test: Unpaid Seller- 2 - Question 25

When the buyer gives price of the good and seller becomes insolvent then what remedy is available with the buyer against the goods and seller?

Test: Unpaid Seller- 2 - Question 26

At a auction sale, X makes the highest bid for a flower vase. The auctioneer strikes the table with hammer on which flower vase was kept and it fell down and broke into several pieces. In this case, the loss will fall on__________.

Test: Unpaid Seller- 2 - Question 27

If no notice of resale is given to the buyer, the unpaid seller is not entitled: 

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