CA Foundation Exam > CA Foundation Notes > Business Laws for CA Foundation > MCQ - Transfer of Ownership, Sale of Goods Act - 1930
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Page 1 MCQ,s Page 2 MCQ,s (a) railway receipt. (b) wharfinger’s certificate. (c) warehouse keeper’s certificate. (d) all of the above Answer: Page 3 MCQ,s (a) railway receipt. (b) wharfinger’s certificate. (c) warehouse keeper’s certificate. (d) all of the above Answer: (a) executory Contract. (b) executed Contract. (c) both of the above. (d) none of the above. Answer: Page 4 MCQ,s (a) railway receipt. (b) wharfinger’s certificate. (c) warehouse keeper’s certificate. (d) all of the above Answer: (a) executory Contract. (b) executed Contract. (c) both of the above. (d) none of the above. Answer: (a) property in the goods passes to the buyer when the contract is made. (b) property in the goods does not pass to the buyer when the contract is made (c) property in the goods remains with the seller when the contract is made. (d) ) none of the above Answer: Page 5 MCQ,s (a) railway receipt. (b) wharfinger’s certificate. (c) warehouse keeper’s certificate. (d) all of the above Answer: (a) executory Contract. (b) executed Contract. (c) both of the above. (d) none of the above. Answer: (a) property in the goods passes to the buyer when the contract is made. (b) property in the goods does not pass to the buyer when the contract is made (c) property in the goods remains with the seller when the contract is made. (d) ) none of the above Answer: (a) by estoppel. (b) where seller waived the right of lien. (c) where the buyer or his agent lawfully obtains possession of the goods. (d) any of the above..Read More
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FAQs on MCQ - Transfer of Ownership, Sale of Goods Act - 1930 - Business Laws for CA Foundation
| 1. What is the Sale of Goods Act - 1930? |  |
Ans. The Sale of Goods Act - 1930 is a legislation in India that governs the transfer of ownership of goods from a seller to a buyer. It outlines the rights and responsibilities of both parties in a sale transaction.
| 2. What does the Sale of Goods Act - 1930 cover? | |
Ans. The Sale of Goods Act - 1930 covers various aspects related to the sale of goods, such as the transfer of ownership, conditions and warranties, rights and duties of the seller and buyer, remedies for breach of contract, and rules for auction sales.
| 3. How does the Sale of Goods Act - 1930 define the transfer of ownership? | |
Ans. According to the Sale of Goods Act - 1930, the transfer of ownership occurs when the parties intend to transfer the ownership of the goods from the seller to the buyer. It can be done through an actual delivery or by transferring the documents of title to the goods.
| 4. What are the rights and duties of the seller under the Sale of Goods Act - 1930? | |
Ans. The Sale of Goods Act - 1930 grants certain rights and duties to the seller. The seller has the right to receive the price of the goods, deliver the goods as per the contract, and transfer the ownership of the goods. The seller is duty-bound to provide goods of satisfactory quality, ensure the goods correspond with the description, and disclose any defects or encumbrances.
| 5. What remedies are available for a breach of contract under the Sale of Goods Act - 1930? | |
Ans. The Sale of Goods Act - 1930 provides remedies for a breach of contract. The injured party can claim damages for the loss suffered due to the breach, reject the goods and claim a refund, or request specific performance of the contract. The Act also allows for the recovery of goods in certain circumstances.
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