Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
Q. Under the Sale of Goods Act, 1930, "Mercantile Agent" should have authority —
a. in the customary course of business as such agent
b. as specified in the contract of agency
c. as specified by the Buyer
d. as specified by the Seller
Q. The definition of "Documents of title to goods" given in the Sale of Goods Act, is —
a. Exhaustive
b. inclusive
c. exclusive
d. not clear
Q. Transfer of documents of title to the goods sold to the buyer, amounts to
a. actual delivery
b. symbolic delivery
c. constructive delivery
d. none of these
Q. Under Sec.2(4) of the Sale of Goods Act, a delivery order enabling a person to obtain delivery onpayment of price is
a. Deemed as a Document of Title
b. Not a Document of Title
c. Document enabling title to Goods
d. Not a valid document at all
Q. A Document of Title to Goods enables the per son named therein to transfer the property therein
a. by mere endorsement
b. by mere delivery
c. both (a) and (b)
d. either (a) or (b)
Q. A Share Certificate is a —
a. Document of Title to Goods
b. Bill of Exchange
c. Document Showing Title to Goods
d. Instrument of Transfer
Q. A Bill of Lading is a —
a. Bill of Exchange
b. Promissory Note
c. Cheque
d. Document of Title to Goods
Q. When a bill of exchange in sent together with documents of title, the property in goods passes when thebuyer.
a. Receives the Bill of Exchange
b. Returns the Bill of Exchange
c. Accepts the Bill of Exchange
d. None of these
Q. A Promissory Note is NOT a Document of Title to Goods.
a. True
b. False
c. Partly True
d. Conditionally True
Q. A Mate's Receipt (given By the Servant/Mate of the Captain of a Ship) is a —
a. Document of Title to Goods
b. Document showing Title to Goods
c. Acknowledgement for receipt of Goods
d. instrument of Transfer
Q. "Warehouse - Keeper's Certificate" is a document of title to 'goods' within the meaning of section 2(4) ofthe Sale of Goods Act.
a. True
b. False
c. Partly True
d. Conditionally True
Q. Which of these is a Document of Title to Goods?
a. Usance Promissory Note
b. International Bill of Exchange
c. Bill of Lading
d. Account Payee Crossed Cheque
Q. Which of these is NOT a Document of Title to Goods?
a. Bill of Lading
b. Railway Receipt
c. Dock Warrant
d. Bearer Cheque
Q. Dock Warrant is a
a. Document showing title to Goods.
b. Document of Title to Goods
c. Bill of Exchange
d. Warrant for Arrest of a Person
Q. The term "Quality of Goods" in section 2(12) of the Sale of Goods Act, has a reference to —
a. Description
b. Fitness for a particular purpose
c. State or condition
d. None of the above