The Sale of Goods Act, 1930 – Formation of Contract of Sale 0 The Sale of Goods Act, 1930 - Formation of Contract of Sale 1 / 30 Q.30 Sale by finder of goods Goods sold if they are under the danger of perishing Buyer buys the goods 'in good faith' Title by preventions of claim or assertion of law Buyer gets valid title even if the seller is not the owner 2 / 30 Q.29 Sale by mercantile agent Goods sold if they are under the danger of perishis Buyer buys the goods 'in good faith' Title by preventions of claim or assertion of law Buyer gets valid title even if the seller is not the owner 3 / 30 Q.28 The term "Contingent goods" means Goods , the acquisition of which depends upon a contingency Goods which are not capable of identification Goods which may not be sold Goods , the acquisition of which does not depends upon a contingency 4 / 30 Q.27 Sale Ownership is transferred at some future date A stipulation which is essential Stipulation which is collateral Ownership is transferred immediately 5 / 30 Q.26 Goods depend upon certain events which may or may not happen Existing Goods Contingent Goods Unascertained goods Future goods 6 / 30 Q.25 Goods not in existence at the time of contract of sale Existing Goods Contingent Goods Unascertained goods Future goods 7 / 30 Q.24 Goods were not specifically identified Existing Goods Contingent Goods Unascertained goods Future goods 8 / 30 Q.23 MATCH THE FOLLOWING : Goods were there at the time of sale Existing Goods Contingent Goods Unascertained goods Future goods 9 / 30 Q.22 In a concluded sale , if the goods are destroyed ,the loss is to be borne by The Seller The Buyer Both (a) & (b) The party who is in possession of the goods 10 / 30 Q.21 The term 'Goods' for the purpose of Sale of Goods Act ,1930 does not include 1.Money , 2. Actionable claims , 3. Stock & shares , 4. Growing crops , grass 1 & 2 1 & 3 2 & 4 3 & 4 11 / 30 Q.20 Which of the following is /are necessary constituent(s) of a contract of sale ? 1. Three distinct parties - Seller , Buyer & a Mediator , 2. Movable goods for a price , 3. Transfer of general property , 4. Exchange of goods without money 1 & 2 2 & 3 2 & 4 3 & 4 12 / 30 Q.19 In case of sale standing trees ,the property passes to the buyer when trees are Felled & ascertained Trees are marked for cutting Counted and ascertained Both (b) & (c) 13 / 30 Q.18 The person who buys or agrees to buy goods is known as Consumer Buyer Both (a) & (b) None of the these 14 / 30 Q.17 If X commissioned Y,an artist ,to paint a portrait of A for 200 dollars & Y uses his own canvas & paint then it is Contract of sale Contract of work & material Hire-purchase contract Sale on approval 15 / 30 Q.16 The Sale of Goods Act ,1930 came into force on 15th March,1930 1st July , 1930 30 July , 1930 30th June , 1930 16 / 30 Q.15 In the case of goods sold by sample ,the goods should correspond with the sample other wise Buyer can reject the goods Buyer cannot reject the goods Contract is automatically terminated Seller is liable to punishment 17 / 30 Q.14 Which of the following is sale Barter Pledge Hypothecation of goods None of these above 18 / 30 Q.13 In hire purchase agreement , the hirer Must buy the goods Must return the goods Has a option to buy the goods Is not given the possession of goods 19 / 30 Q.12 If A agrees to deliver 100 kg of sugar to B in exchange of 15 mts of cloth ,then it is Contract of sale Agreement to sell Barter Sale on approval 20 / 30 Q.11 Selection of goods with the intention of using them in performance of the contract & with the mutual consent of the seller & the buyer is known as Distribution Appropriation Amortization storage 21 / 30 Q.10 Contract of sale is Executory Contract Executed Contract Both (a) & (b) None of these 22 / 30 Q.9 Which of the following statements is not true ? A contract of sale can be validly made for the sale of future goods Actionable claims are the subject matter of contract of a sale A contract for the sale of future goods is always an agreement to sell In an agreenent to sell, the ownership of the goods passes to the buyer on same future date 23 / 30 Q.8 Which one of the following is / are document of title of goods ? Railway receipt Wharfinger's certificate Warehouse keeper's certificate All of these 24 / 30 Q.7 Goods which are in existence at the time of the Contract of sale is known as Present Goods Existing Goods Specific Goods None of these 25 / 30 Q.6 Which one of the following is true ? The provision of sale of goods were originally with the Indian Contract Act ,1872 The Sale of Goods Act , 1930 deals with mortgage The Sale of Goods Act , restricts the parties to modify the provision of law None of the above 26 / 30 Q.5 The Sale of Goods Act ,1930 deals with Q.5 The Sale of Goods Act ,1930 deals with All movable properties All immovalable properties Both movable and immovable properties None of these 27 / 30 Q.4 The Sale of Goods Act ,1930 deals with Sale Mortgage Pledge All of these 28 / 30 Q.3 A contract for the sale of 'future goods' is ------------- Sale Agreement to sell Void Hire-purchase contract 29 / 30 Q.2 The term 'Goods' under Sale of Goods Act ,1930 does not include Goodwill Actionable Claim Stocks & shares Harvested crops 30 / 30 Q.1 A contract for the sale of goods which provide that the propery would pass to the buyer on full payment of price and execution of sale deed is known as Sale Agreement to sell Hire-purchase contract Sale on approval Your score is LinkedIn Facebook Twitter VKontakte