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Page 1
(1)Goods which are in existence at the time of the Contract of Sale is known as
(a) present Goods.
(b) existing Goods.
(c) specific Goods.
(d) none of the above.
Questions:-
(2)Which of the following is not a form of delivery?
(a) constructive delivery.
(b) structured delivery.
(c) actual delivery.
(d) symbolic delivery.
Page 2
(1)Goods which are in existence at the time of the Contract of Sale is known as
(a) present Goods.
(b) existing Goods.
(c) specific Goods.
(d) none of the above.
Questions:-
(2)Which of the following is not a form of delivery?
(a) constructive delivery.
(b) structured delivery.
(c) actual delivery.
(d) symbolic delivery.
(3) In an auction sale, the property shall be sold to the
(a) Lowest bidder..
(b) Highest bidder.
(c)All bidders.
(d) None of the above..
Questions:-
(4) In an auction sale, if the seller makes use of pretended bidding to raise the
price, then the sale is
(a) valid..
(b) void.
(c) voidable.
(d) illegal.
Page 3
(1)Goods which are in existence at the time of the Contract of Sale is known as
(a) present Goods.
(b) existing Goods.
(c) specific Goods.
(d) none of the above.
Questions:-
(2)Which of the following is not a form of delivery?
(a) constructive delivery.
(b) structured delivery.
(c) actual delivery.
(d) symbolic delivery.
(3) In an auction sale, the property shall be sold to the
(a) Lowest bidder..
(b) Highest bidder.
(c)All bidders.
(d) None of the above..
Questions:-
(4) In an auction sale, if the seller makes use of pretended bidding to raise the
price, then the sale is
(a) valid..
(b) void.
(c) voidable.
(d) illegal.
(5) In which of the following cases, the unpaid seller loses his right of lien?
(a) delivery of goods to buyer.
(b) delivery of goods to carrier.
(c) tender of price by buyer.
(d) all of these.
Questions:-
(6) The bidder at an auction sale can withdraw his bid
(a) any time during auction
(b) before fall of hammer.
(c) before payment of price..
(d) none of these..
Page 4
(1)Goods which are in existence at the time of the Contract of Sale is known as
(a) present Goods.
(b) existing Goods.
(c) specific Goods.
(d) none of the above.
Questions:-
(2)Which of the following is not a form of delivery?
(a) constructive delivery.
(b) structured delivery.
(c) actual delivery.
(d) symbolic delivery.
(3) In an auction sale, the property shall be sold to the
(a) Lowest bidder..
(b) Highest bidder.
(c)All bidders.
(d) None of the above..
Questions:-
(4) In an auction sale, if the seller makes use of pretended bidding to raise the
price, then the sale is
(a) valid..
(b) void.
(c) voidable.
(d) illegal.
(5) In which of the following cases, the unpaid seller loses his right of lien?
(a) delivery of goods to buyer.
(b) delivery of goods to carrier.
(c) tender of price by buyer.
(d) all of these.
Questions:-
(6) The bidder at an auction sale can withdraw his bid
(a) any time during auction
(b) before fall of hammer.
(c) before payment of price..
(d) none of these..
(7) Where in an auction sale, the seller appoints more than one bidder, the sale is
(a) void.
(b) illegal.
(c) conditional.
(d) voidable.
Questions:-
(8) Where in an auction sale notified with reserve price, the auctioneer
mistakenly knocks down the goods for less than the reserve price, then the
auctioneer is
(a ) bind with sale
(b) Not bind with sale
(c) Bind to change the reserve price.
(d) none of these..
Page 5
(1)Goods which are in existence at the time of the Contract of Sale is known as
(a) present Goods.
(b) existing Goods.
(c) specific Goods.
(d) none of the above.
Questions:-
(2)Which of the following is not a form of delivery?
(a) constructive delivery.
(b) structured delivery.
(c) actual delivery.
(d) symbolic delivery.
(3) In an auction sale, the property shall be sold to the
(a) Lowest bidder..
(b) Highest bidder.
(c)All bidders.
(d) None of the above..
Questions:-
(4) In an auction sale, if the seller makes use of pretended bidding to raise the
price, then the sale is
(a) valid..
(b) void.
(c) voidable.
(d) illegal.
(5) In which of the following cases, the unpaid seller loses his right of lien?
(a) delivery of goods to buyer.
(b) delivery of goods to carrier.
(c) tender of price by buyer.
(d) all of these.
Questions:-
(6) The bidder at an auction sale can withdraw his bid
(a) any time during auction
(b) before fall of hammer.
(c) before payment of price..
(d) none of these..
(7) Where in an auction sale, the seller appoints more than one bidder, the sale is
(a) void.
(b) illegal.
(c) conditional.
(d) voidable.
Questions:-
(8) Where in an auction sale notified with reserve price, the auctioneer
mistakenly knocks down the goods for less than the reserve price, then the
auctioneer is
(a ) bind with sale
(b) Not bind with sale
(c) Bind to change the reserve price.
(d) none of these..
Q9 Unpaid seller’s rights against goods are:
(a) Right of lien
(b) Right of resale
(c) Right of stooping goods in transit
(d) All the above
Q10 Lien of unpaid seller depends on:
(a) Ownership
(b) Possession
(c) Buyer has paid price or not
(d) Title
Questions:-
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FAQs on MCQ - Unpaid Seller, Sale of Goods Act - 1930 - Business Laws for CA Foundation
| 1. What is an unpaid seller under the Sale of Goods Act 1930? |  |
Ans. An unpaid seller, as per the Sale of Goods Act 1930, refers to a seller who has not received the full payment for the goods sold or who has received a payment that has subsequently been dishonored. The Act provides certain rights and remedies to such sellers in case of non-payment by the buyer.
| 2. What are the rights of an unpaid seller under the Sale of Goods Act 1930? | |
Ans. The Sale of Goods Act 1930 provides the following rights to an unpaid seller:
- Right of lien: The unpaid seller can retain the possession of the goods until the full payment is received.
- Right of stoppage in transit: If the goods are in transit and the buyer becomes insolvent, the unpaid seller can stop the delivery and resume possession of the goods.
- Right of resale: If the goods are perishable in nature or if the seller has given notice to the buyer of his intention to resell and the buyer still fails to make the payment, the unpaid seller can resell the goods and claim damages from the original buyer.
| 3. What is the significance of a dishonored payment in relation to an unpaid seller? | |
Ans. A dishonored payment, where the buyer makes a payment that is subsequently refused or not honored by the bank, is significant for an unpaid seller. In such cases, the unpaid seller can treat the contract as void and sue the buyer for damages. The dishonored payment indicates the buyer's inability or unwillingness to fulfill their payment obligations.
| 4. Can an unpaid seller claim interest on the unpaid amount? | |
Ans. Yes, an unpaid seller has the right to claim interest on the unpaid amount. As per the Sale of Goods Act 1930, the seller can claim interest at the rate agreed upon in the contract or, in the absence of an agreement, at the prevailing market rate. The interest can be claimed from the date when the payment became due.
| 5. How does the Sale of Goods Act 1930 protect the rights of an unpaid seller? | |
Ans. The Sale of Goods Act 1930 provides various protections to the rights of an unpaid seller. It allows the seller to retain the possession of the goods until full payment is received, stop the delivery of goods in transit if the buyer becomes insolvent, and resell the goods in certain circumstances. These provisions ensure that the unpaid seller has legal remedies to recover the payment or seek compensation for the non-payment.
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