MCQ - Basics of the Acts, Sale of Goods Act - 1930 | Business Laws for CA Foundation PDF Download

 Page 1


MCQ’s 
Page 2


MCQ’s 
? 1 A contract of sale is a contract where by the 
seller   
  a)Transfers the property in goods to the buyer 
 as a gift 
  b)Agrees to transfer the property in goods to 
 the buyer in exchange for Buyer’s goods. 
  c)Transfers the property in goods to the buyer for a 
 price 
  d)Agrees to transfer the property in goods to 
 the buyer without any consideration.   
 
 
 
Page 3


MCQ’s 
? 1 A contract of sale is a contract where by the 
seller   
  a)Transfers the property in goods to the buyer 
 as a gift 
  b)Agrees to transfer the property in goods to 
 the buyer in exchange for Buyer’s goods. 
  c)Transfers the property in goods to the buyer for a 
 price 
  d)Agrees to transfer the property in goods to 
 the buyer without any consideration.   
 
 
 
? 2  The term ‘goods’ under Sale of Goods Act, means 
  a)Any movable property 
  b)Any movable property or immovable  property  
  c)Any property 
  d)Any movable property other than actionable  claim 
or money 
? 3  The term ‘property in goods’ refers to 
  a)Possession  
  b)only title 
  c)Possession and Ownership 
  d)Goods 
 
 
Page 4


MCQ’s 
? 1 A contract of sale is a contract where by the 
seller   
  a)Transfers the property in goods to the buyer 
 as a gift 
  b)Agrees to transfer the property in goods to 
 the buyer in exchange for Buyer’s goods. 
  c)Transfers the property in goods to the buyer for a 
 price 
  d)Agrees to transfer the property in goods to 
 the buyer without any consideration.   
 
 
 
? 2  The term ‘goods’ under Sale of Goods Act, means 
  a)Any movable property 
  b)Any movable property or immovable  property  
  c)Any property 
  d)Any movable property other than actionable  claim 
or money 
? 3  The term ‘property in goods’ refers to 
  a)Possession  
  b)only title 
  c)Possession and Ownership 
  d)Goods 
 
 
? 4  Contract of sale includes 
  a)Sale 
  b)Agreement to sell 
  c)Exchange  
  d)(a) and (b) 
? 5 In the case of agreement to sell the ownership in 
 goods is transferred to the buyer  
  a) Immediately  
  b)At some future date  
  c)When the delivery  of good is made 
  d)When the price in paid 
 
Page 5


MCQ’s 
? 1 A contract of sale is a contract where by the 
seller   
  a)Transfers the property in goods to the buyer 
 as a gift 
  b)Agrees to transfer the property in goods to 
 the buyer in exchange for Buyer’s goods. 
  c)Transfers the property in goods to the buyer for a 
 price 
  d)Agrees to transfer the property in goods to 
 the buyer without any consideration.   
 
 
 
? 2  The term ‘goods’ under Sale of Goods Act, means 
  a)Any movable property 
  b)Any movable property or immovable  property  
  c)Any property 
  d)Any movable property other than actionable  claim 
or money 
? 3  The term ‘property in goods’ refers to 
  a)Possession  
  b)only title 
  c)Possession and Ownership 
  d)Goods 
 
 
? 4  Contract of sale includes 
  a)Sale 
  b)Agreement to sell 
  c)Exchange  
  d)(a) and (b) 
? 5 In the case of agreement to sell the ownership in 
 goods is transferred to the buyer  
  a) Immediately  
  b)At some future date  
  c)When the delivery  of good is made 
  d)When the price in paid 
 
? 6  Ascertained goods means  
  A)Goods specially identified at the time of contract  
  B)Goods which are in existence and apportioned 
  C)Goods not specially identified at the time of contract 
 of sale  
  D)None of these.       
? 7       Contingent goods means 
  a)Goods which are not in existence 
  b)Goods which are yet to be manufactured  
  c)Existing or future goods the availability of which 
 depends upon happing of an event 
  d)Specific goods  identified  and agreed upon at the 
 time of contract of sale