Nature And Formation Of Contract Of Sale

112 Questions | Total Attempts: 679

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Nature And Formation Of Contract Of Sale

__________________________________________________ No. Of Questions to be Answered : Random 20 out of 112


Questions and Answers
  • 1. 
    The legal provisions relating to the sate of movable goods are contained in
    • A. 

      The Sale of Goods Act, 1930

    • B. 

      The Indian Sale of Goods Act, 1S3C

    • C. 

      The Sale of Goods Act, 1932

    • D. 

      The Indian sale of Goods Act, 1932.

  • 2. 
    The sale of Goods Act, 1930 extends to
    • A. 

      Whole of India

    • B. 

      Whole of India except Jammu and Kashmir

    • C. 

      Northern India

    • D. 

      States notified form time to time.

  • 3. 
    The Sale of Goods Act came into force on  
    • A. 

      1st Mar, 1930

    • B. 

      1st July, 1930

    • C. 

      31st Mar 1930

    • D. 

      31st July, 1930

  • 4. 
    Prior to the passing of the Sale of Goods Act, 1930, the provisions relating to sale of a movable goods were contained in
    • A. 

      The Transfer of Property Act, 1882

    • B. 

      Sections 1 to 75 of the Indian Contract Act, 1872

    • C. 

      Sections 76 to 123 of the Indian Contract Act, 1872

    • D. 

      None of these.

  • 5. 
    The Sale of Goods Act, 1930 deals with the
    • A. 

      Movable goods only

    • B. 

      Immovable goods only

    • C. 

      Both movable and immovable-goods

    • D. 

      All goods except ornaments.

  • 6. 
    The term 'contract of sale' is defined in which section of the Sale of Goods Act?
    • A. 

      Section 2(1)

    • B. 

      Section 3 (1)

    • C. 

      Section 4(1)

    • D. 

      None of these.

  • 7. 
    A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer to the buyer, for a price the
    • A. 

      Possession of the goods

    • B. 

      Property in the goods

    • C. 

      Boxes of the goods

    • D. 

      Both (a) and (b).

  • 8. 
    The term 'property' as used in the Sale of Good At means
    • A. 

      Possession

    • B. 

      Possession & ownership

    • C. 

      Ownership

    • D. 

      Subject matter of sale

  • 9. 
    Legally, the contract of sale includes 
    • A. 

      Sale

    • B. 

      Agreement to sell

    • C. 

      Barter

    • D. 

      Both (a) and (b).

  • 10. 
    Legally, the term 'sale' is defined in
    • A. 

      Section 4(1)

    • B. 

      Section 4(2)

    • C. 

      Section 4(3)

    • D. 

      Section 4 (4)

  • 11. 
    Legally, the term 'agreement to sell' is defined in
    • A. 

      Section 4(1)

    • B. 

      Section 4(2)

    • C. 

      Section 4(3)

    • D. 

      Section 4 (4)

  • 12. 
    In sale, the property in the goods is transferred to the buyer
    • A. 

      At the time of contract

    • B. 

      At some future time

    • C. 

      At the desire of seller

    • D. 

      On the payment of price.

  • 13. 
    In agreement to sell, the property in the goods is transferred to the buyer
    • A. 

      At the time of contract

    • B. 

      At some future time

    • C. 

      At the desire of seller

    • D. 

      On the payment of price.

  • 14. 
    Where property in the goods (i.e., legal ownership of the goods) is immediately transferred form the seller to the buyer, it is legally know as
    • A. 

      Barter

    • B. 

      Agreement to sell

    • C. 

      Sale

    • D. 

      Exchange of goods.

  • 15. 
    Where under a contract of sale, the property in the property in the goods is to be transferred to the buyer on the fulfillment of certain condition, it is legally known as              
    • A. 

      Barter

    • B. 

      Conditional sale

    • C. 

      Sale

    • D. 

      Agreement to sell.

  • 16. 
    Where the property in the goods is to be transferred to the buyer at some future date, the contract of sale is known as
    • A. 

      Barter

    • B. 

      Conditional sale

    • C. 

      Sale

    • D. 

      None of these.

  • 17. 
    In an agreement to sell, the property in the goods is transferred to the buyer at some future time and legally it is included in
    • A. 

      Sale

    • B. 

      Hire purchase agreement

    • C. 

      Contract of sale

    • D. 

      Executed agreement.

  • 18. 
    Legally, the 'sale' is included in
    • A. 

      Agreement to sell

    • B. 

      Hire purchase agreement

    • C. 

      Contract of sale

    • D. 

      Executed contract.

  • 19. 
    Where an agreement to sell provides that the ownership of the goods shall be transferred at some future date, it becomes sale
    • A. 

      When that date arrives

    • B. 

      After 30 days that date

    • C. 

      After 60 days that date

    • D. 

      None of these

  • 20. 
    Where in an agreement to sell, the ownership of the goods is to be transferred on the fulfillment of some condition, the agreement to sell become sales
    • A. 

      On the fulfillment of the conditions.

    • B. 

      On the expiry of 30 days after conditions are fulfilled.

    • C. 

      On the expiry of 60 days after the conditions are fulfilled.

    • D. 

      None of these, as such a conditional agreement ever becomes sale.

  • 21. 
    A contract for the sale of 'future goods' is 
    • A. 

      Sale

    • B. 

      Agreement to sell

    • C. 

      Sale on approval

    • D. 

      Hire-purchase

  • 22. 
    A contract for sale of goods which provides that the property would pass to the buyer on full payment of price and execution of the title documents, is known as
    • A. 

      Sale

    • B. 

      Sale on approval

    • C. 

      Agreement to sell

    • D. 

      Hire-purchase

  • 23. 
    Which of the following is not the essential element of a contract of sale?
    • A. 

      There must be some goods as subject matter.

    • B. 

      There must be some price for the goods.

    • C. 

      There must be transfer of possession of goods.

    • D. 

      There must be transfer of property in the goods.

  • 24. 
    Which of the following is the essential requirement of a contract of sale?
    • A. 

      All the requirements of a valid contract must be fulfilled.

    • B. 

      There must be two parties to the contract of sale.

    • C. 

      Both of these.

    • D. 

      None of these.

  • 25. 
    A contract of sale made without consideration, is __________
    • A. 

      Void

    • B. 

      Voidable

    • C. 

      Valid

    • D. 

      None of these.

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