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Judiciary Exams Exam  >  Judiciary Exams Tests  >  Civil Law for Judiciary Exams  >  Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Judiciary Exams MCQ

Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Judiciary Exams MCQ


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15 Questions MCQ Test Civil Law for Judiciary Exams - Test: Suits for Breach of the Contract under Sale of Goods Act, 1930

Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 for Judiciary Exams 2024 is part of Civil Law for Judiciary Exams preparation. The Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 questions and answers have been prepared according to the Judiciary Exams exam syllabus.The Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 MCQs are made for Judiciary Exams 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 below.
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Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 1
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What legal action can a seller take if the buyer fails to pay for goods after the property has passed?

Detailed Solution for Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 1
When a buyer fails to pay for goods after the property has passed, the seller can take legal action by suing for the price. This means that the seller can initiate a lawsuit to claim the amount owed for the goods that have been transferred to the buyer. This legal remedy is essential in ensuring that the seller receives the rightful payment for the goods provided.
Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 2
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When can legal action for payment be initiated by a seller according to the Sale of Goods Act?

Detailed Solution for Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 2
According to the Sale of Goods Act, legal action for payment can be taken by the seller after the property of the goods has passed to the buyer. This means that the seller can demand payment once the ownership of the goods has been transferred to the buyer, ensuring that the seller has the right to pursue legal remedies if the buyer fails to fulfill their payment obligations.
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Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 3
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How are damages calculated when a buyer refuses to accept goods under the Indian Contract Act?

Detailed Solution for Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 3
In the scenario where a buyer refuses to accept goods, damages are calculated based on the market price at the time of breach as per the principles outlined in the Indian Contract Act sections 73 and 74. This method ensures that the compensation for the seller is determined by the prevailing market value of the goods at the moment of the buyer's refusal. It serves as a fair and objective way to assess the impact of the breach on the seller's rights.
Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 4
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What legal remedy can a buyer seek if the seller fails to deliver goods according to the contract?
Detailed Solution for Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 4
When a seller fails to deliver goods as per the contract, the buyer can seek the difference between the contract price and the market price at the time of breach as a legal remedy. This allows the buyer to claim compensation for the financial loss incurred due to the seller's non-delivery, ensuring that they are fairly compensated for the breach of contract.
Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 5
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What determines the damages in case of non-performance and how does it impact the assessment of damages?
Detailed Solution for Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 5
The damages in the event of non-performance are determined by the market price at the time of breach. This crucial factor influences the assessment of damages in such cases. By considering the market price at the time of breach, the impact of the non-performance can be accurately evaluated, leading to a fair and just determination of compensation for the affected party.
Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 6
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In what situation can specific performance be ordered for breach of contract involving specific goods?
Detailed Solution for Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 6
Specific performance can be ordered for breach of contract concerning specific goods when the goods are unique or specific in nature. This legal remedy is typically sought when the goods involved are not easily replaceable or are of a specialized nature, making it necessary for the breaching party to fulfill their contractual obligations directly by delivering the agreed-upon goods.
Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 7
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In a situation where a buyer has already reduced the price due to a breach of warranty but further harm is suffered, what is the buyer's subsequent course of action?
Detailed Solution for Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 7
If a buyer has already used the breach of warranty to reduce the price but later experiences more harm, the buyer can still sue the seller for further damages. This legal action allows the buyer to seek additional compensation for any additional losses incurred due to the breach of warranty.
Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 8
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What does a buyer typically do when faced with a breach of warranty by a seller?
Detailed Solution for Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 8
When a seller breaches a warranty, the buyer usually asserts the breach of warranty to adjust the price or eliminate the price altogether. This action allows the buyer to address the breach without necessarily rejecting the goods, providing a means to seek appropriate compensation for the breach.
Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 9
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What options are available to a buyer when there is a breach of condition, but the buyer has accepted the goods without rejection?
Detailed Solution for Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 9
In a scenario where there is a breach of condition, but the buyer has accepted the goods without rejection, the buyer can typically only claim damages as if it were a breach of warranty. Accepting the goods without rejection limits the buyer's options to seeking compensation for the breach rather than returning the goods.
Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 10
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Under what circumstances does Section 59 not cover cases for a buyer with a claim for damages?
Detailed Solution for Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 10
Section 59 does not cover cases involving fraudulent misrepresentation that might void the contract. In such instances, where the contract is invalidated due to fraudulent misrepresentation, the buyer's claim for damages may not fall under the scope of Section 59, requiring different legal considerations and remedies.
Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 11
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What can the other party do if one party backs out of a sales contract before the delivery date?
Detailed Solution for Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 11
If one party backs out of a sales contract before the delivery date, the other party has the option to regard the contract as canceled and sue for damages due to the breach. This legal action is based on the principle that breaching a contract can result in financial losses for the innocent party, who may seek damages to compensate for the harm caused by the breach.
Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 12
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In cases of breach of contract, under what circumstances can the court award interest on the price to either the seller or buyer?
Detailed Solution for Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 12
The court can award interest on the price to either the seller or buyer in cases of breach of contract depending on the circumstances. This means that the court will consider various factors surrounding the breach, such as the extent of the violation, the financial impact on the parties involved, and any other relevant details, before deciding whether to award interest on the price to compensate for the damages incurred.
Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 13
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In what situations does the Interest Act of 1839 allow for interest as damages?
Detailed Solution for Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 13
The Interest Act of 1839 allows for interest as damages in certain situations, emphasizing that interest claims are tied to the right to recover the price and not just damages. This legal provision ensures that parties have the opportunity to seek interest as a form of compensation when their right to receive the agreed-upon price has been violated due to a breach of contract.
Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 14
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What purpose do special damages serve in contract law?
Detailed Solution for Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 14
Special damages in contract law serve to compensate for losses resulting from a breach that the parties anticipated when forming the contract. Unlike general damages that cover direct losses, special damages address specific, foreseeable consequences of the breach that were within the contemplation of the parties at the time of contracting.
Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 15
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What principle determines the compensation for a seller when a buyer refuses to accept goods?
Detailed Solution for Test: Suits for Breach of the Contract under Sale of Goods Act, 1930 - Question 15
The compensation for a seller when a buyer refuses to accept goods is determined based on the market price at the time of breach. This principle ensures that the seller receives fair compensation corresponding to the actual value of the goods at the moment of the buyer's refusal. It emphasizes the importance of assessing damages in a way that reflects the economic realities of the transaction.
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