Test: Unpaid Seller- 2


27 Questions MCQ Test Mercantile Law for CA CPT | Test: Unpaid Seller- 2


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This mock test of Test: Unpaid Seller- 2 for CA Foundation helps you for every CA Foundation entrance exam. This contains 27 Multiple Choice Questions for CA Foundation Test: Unpaid Seller- 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Unpaid Seller- 2 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Unpaid Seller- 2 exercise for a better result in the exam. You can find other Test: Unpaid Seller- 2 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

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

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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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QUESTION: 3

In pretended bidding sale is : 

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QUESTION: 4

Rights of the seller against the buyer personally are called ______

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QUESTION: 5

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

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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?

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QUESTION: 7

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

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QUESTION: 8

Unpaid seller can exercise ________if the buyer has become insolvent

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QUESTION: 9

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

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QUESTION: 10

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

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QUESTION: 11

An auction sale is completed on __________:

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QUESTION: 12

An auction sale is completed on __________:

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QUESTION: 13

Unpaid seller can sell the goods if:

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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

QUESTION: 14

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

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QUESTION: 15

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

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QUESTION: 16

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

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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:

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QUESTION: 18

 Right of lien means to _______: 

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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________.

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QUESTION: 20

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

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QUESTION: 21

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

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QUESTION: 22

Unpaid seller can exercise ________if the buyer has become insolvent

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QUESTION: 23

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

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QUESTION: 24

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

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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?

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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__________.

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QUESTION: 27

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

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