CA Foundation Exam > CA Foundation Questions > A contracts to sell to B all the oil to be pr...
Start Learning for Free
A contracts to sell to B all the oil to be produced from groundnut harvested from A’s farm. The crops having been harvested and oil made there from, A fills the oil in the cans supplied by B. Does the property in oil pass to B?
- a)No, goods are not in a deliverable state
- b)Yes, goods are in a deliverable state
- c)No, B has not taken the delivery
- d)None of the above
Correct answer is 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
A contracts to sell to B all the oil to be produced from groundnut har...
I think correct answer is b because it is not mentioned in the question that b has taken the delivery or not...
upvote my answer and report this question if you really find my answer helpfull
upvote my answer and report this question if you really find my answer helpfull
Free Test
FREE
| Start Free Test |
Community Answer
A contracts to sell to B all the oil to be produced from groundnut har...
This is a straightforward agreement where A (the seller) agrees to sell all the oil produced from groundnut harvested from A to B (the buyer). The contract should include the following key elements:
1. Parties involved: Clearly state the names and contact information of both parties (A and B) involved in the contract.
2. Groundnut specification: Define the specific type or quality of groundnut that will be used to produce the oil. This ensures that both parties are clear on the product being exchanged.
3. Quantity: Specify the quantity of groundnut oil that A agrees to sell to B. This can be stated in terms of volume (e.g., gallons, liters) or weight (e.g., kilograms, pounds).
4. Harvested groundnut: Mention that the groundnut used for oil production will be harvested exclusively from A's crop. This clarifies that B cannot source groundnut from any other suppliers.
5. Production and delivery: Outline the process by which A will produce the groundnut oil and deliver it to B. This can include details on extraction methods, packaging, labeling, and transportation.
6. Payment terms: Define the agreed-upon price per unit of groundnut oil and specify the terms of payment (e.g., upfront, upon delivery, in installments). Include any applicable taxes or additional costs.
7. Quality control: Establish the quality standards that the groundnut oil should meet. This can include factors like purity, acidity levels, and any certifications required by B.
8. Duration: Specify the duration of the contract, including the start and end dates. This can be a one-time agreement or a recurring contract for a specific period.
9. Termination clause: Include provisions for terminating the contract early, such as breach of contract, force majeure events, or mutual agreement.
10. Governing law and jurisdiction: Mention the applicable laws and specify the jurisdiction in case of any legal disputes arising from the contract.
11. Confidentiality: Include a confidentiality clause, if necessary, to protect any sensitive information shared between the parties during the contract term.
12. Signatures: Both parties should sign and date the contract to indicate their agreement and acceptance of the terms.
It is highly recommended to consult with a legal professional or contract specialist to ensure that the agreement accurately reflects the intentions and protects the interests of both parties.
1. Parties involved: Clearly state the names and contact information of both parties (A and B) involved in the contract.
2. Groundnut specification: Define the specific type or quality of groundnut that will be used to produce the oil. This ensures that both parties are clear on the product being exchanged.
3. Quantity: Specify the quantity of groundnut oil that A agrees to sell to B. This can be stated in terms of volume (e.g., gallons, liters) or weight (e.g., kilograms, pounds).
4. Harvested groundnut: Mention that the groundnut used for oil production will be harvested exclusively from A's crop. This clarifies that B cannot source groundnut from any other suppliers.
5. Production and delivery: Outline the process by which A will produce the groundnut oil and deliver it to B. This can include details on extraction methods, packaging, labeling, and transportation.
6. Payment terms: Define the agreed-upon price per unit of groundnut oil and specify the terms of payment (e.g., upfront, upon delivery, in installments). Include any applicable taxes or additional costs.
7. Quality control: Establish the quality standards that the groundnut oil should meet. This can include factors like purity, acidity levels, and any certifications required by B.
8. Duration: Specify the duration of the contract, including the start and end dates. This can be a one-time agreement or a recurring contract for a specific period.
9. Termination clause: Include provisions for terminating the contract early, such as breach of contract, force majeure events, or mutual agreement.
10. Governing law and jurisdiction: Mention the applicable laws and specify the jurisdiction in case of any legal disputes arising from the contract.
11. Confidentiality: Include a confidentiality clause, if necessary, to protect any sensitive information shared between the parties during the contract term.
12. Signatures: Both parties should sign and date the contract to indicate their agreement and acceptance of the terms.
It is highly recommended to consult with a legal professional or contract specialist to ensure that the agreement accurately reflects the intentions and protects the interests of both parties.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
A contracts to sell to B all the oil to be produced from groundnut harvested from A’s farm. The crops having been harvested and oil made there from, A fills the oil in the cans supplied by B. Does the property in oil pass to B?a)No, goods are not in a deliverable stateb)Yes, goods are in a deliverable statec)No, B has not taken the deliveryd)None of the aboveCorrect answer is 'C'. Can you explain this answer?
Question Description
A contracts to sell to B all the oil to be produced from groundnut harvested from A’s farm. The crops having been harvested and oil made there from, A fills the oil in the cans supplied by B. Does the property in oil pass to B?a)No, goods are not in a deliverable stateb)Yes, goods are in a deliverable statec)No, B has not taken the deliveryd)None of the aboveCorrect answer is 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A contracts to sell to B all the oil to be produced from groundnut harvested from A’s farm. The crops having been harvested and oil made there from, A fills the oil in the cans supplied by B. Does the property in oil pass to B?a)No, goods are not in a deliverable stateb)Yes, goods are in a deliverable statec)No, B has not taken the deliveryd)None of the aboveCorrect answer is 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A contracts to sell to B all the oil to be produced from groundnut harvested from A’s farm. The crops having been harvested and oil made there from, A fills the oil in the cans supplied by B. Does the property in oil pass to B?a)No, goods are not in a deliverable stateb)Yes, goods are in a deliverable statec)No, B has not taken the deliveryd)None of the aboveCorrect answer is 'C'. Can you explain this answer?.
A contracts to sell to B all the oil to be produced from groundnut harvested from A’s farm. The crops having been harvested and oil made there from, A fills the oil in the cans supplied by B. Does the property in oil pass to B?a)No, goods are not in a deliverable stateb)Yes, goods are in a deliverable statec)No, B has not taken the deliveryd)None of the aboveCorrect answer is 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A contracts to sell to B all the oil to be produced from groundnut harvested from A’s farm. The crops having been harvested and oil made there from, A fills the oil in the cans supplied by B. Does the property in oil pass to B?a)No, goods are not in a deliverable stateb)Yes, goods are in a deliverable statec)No, B has not taken the deliveryd)None of the aboveCorrect answer is 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A contracts to sell to B all the oil to be produced from groundnut harvested from A’s farm. The crops having been harvested and oil made there from, A fills the oil in the cans supplied by B. Does the property in oil pass to B?a)No, goods are not in a deliverable stateb)Yes, goods are in a deliverable statec)No, B has not taken the deliveryd)None of the aboveCorrect answer is 'C'. Can you explain this answer?.
Solutions for A contracts to sell to B all the oil to be produced from groundnut harvested from A’s farm. The crops having been harvested and oil made there from, A fills the oil in the cans supplied by B. Does the property in oil pass to B?a)No, goods are not in a deliverable stateb)Yes, goods are in a deliverable statec)No, B has not taken the deliveryd)None of the aboveCorrect answer is 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of A contracts to sell to B all the oil to be produced from groundnut harvested from A’s farm. The crops having been harvested and oil made there from, A fills the oil in the cans supplied by B. Does the property in oil pass to B?a)No, goods are not in a deliverable stateb)Yes, goods are in a deliverable statec)No, B has not taken the deliveryd)None of the aboveCorrect answer is 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A contracts to sell to B all the oil to be produced from groundnut harvested from A’s farm. The crops having been harvested and oil made there from, A fills the oil in the cans supplied by B. Does the property in oil pass to B?a)No, goods are not in a deliverable stateb)Yes, goods are in a deliverable statec)No, B has not taken the deliveryd)None of the aboveCorrect answer is 'C'. Can you explain this answer?, a detailed solution for A contracts to sell to B all the oil to be produced from groundnut harvested from A’s farm. The crops having been harvested and oil made there from, A fills the oil in the cans supplied by B. Does the property in oil pass to B?a)No, goods are not in a deliverable stateb)Yes, goods are in a deliverable statec)No, B has not taken the deliveryd)None of the aboveCorrect answer is 'C'. Can you explain this answer? has been provided alongside types of A contracts to sell to B all the oil to be produced from groundnut harvested from A’s farm. The crops having been harvested and oil made there from, A fills the oil in the cans supplied by B. Does the property in oil pass to B?a)No, goods are not in a deliverable stateb)Yes, goods are in a deliverable statec)No, B has not taken the deliveryd)None of the aboveCorrect answer is 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A contracts to sell to B all the oil to be produced from groundnut harvested from A’s farm. The crops having been harvested and oil made there from, A fills the oil in the cans supplied by B. Does the property in oil pass to B?a)No, goods are not in a deliverable stateb)Yes, goods are in a deliverable statec)No, B has not taken the deliveryd)None of the aboveCorrect answer is 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup