Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
Q. In case of………..goods, property passes to the Buyer, only when the goods are ascertained.
a. Future
b. Specific
c. Contingent
d. Unascertained
Q. Where there is a contract for the sale of………………..goods, no property in the goods is transferred to theBuyer, unless and until the goods are ascertained.
a. Future
b. Unascertained
c. Contingent
d. Specific
Q. For transfer of property in unascertained goods, the basic condition is that —
a. Goods must be ascertained and appropriated.
b. Goods must be defined by description.
c. Buyer must receive a sample of the goods
d. Seller must have produced/purchased the goods
Q. The property, in case of sale of unascertained goods, passes when—
a. Delivery Order is entered
b. Goods are identified and appropriated to the contract
c. Goods are so far ascertained that the parties have agreed that they shall be taken from some specific larger stock.
d. Transfer is made in the books of the warehouse man
Q. There was a contract to supply "waste coal and ash for the next six months, as and when the waste is generated by the Seller's Factory". The Buyer paid the lumpsum price for the next six months in advance. When does the property in the goods pass to the Buyer?
a. After the lapse of six months period
b. At the time of entering into the contract
c. At the time of paying advance money
d. As and when the Factory discharges the waste
Q. The process of identifying the goods and setting apart as per the intended quality or description is called —
a. Identification
b. Procurement
c. Ascertainment
d. Allocation
Q. Section 19 of the Sale of Goods Act, deals with passing of property of…………….goods.
a. Unascertained Goods
b. Future Goods
c. Specific or Ascertained Goods
d. Contingent Goods
Q. In a sale of specific or ascertained goods, the property therein is transferred to the buyer —
a. upon delivery of goods
b. upon payment of price
c. at such time as the parties intend it to he transferred
d. at such time as decided by the Court
Q. The property in goods in a contract for sale of specific or ascertained goods, passes to the buyer —
a. when the price is paid
b. when the contract is made
c. when the parties intend the property in goods to pass
d. all of the above
Q. Pledging of goods obtained on sale or return basis will:
a. complete the sale
b. not complete the sale
c. complete agreement to sell
d. none of the above
Q. Which one of the following is not true?
a. Warehouse keeper's certificate is a document of title to goods
b. Document showing title is different from document of title
c. Specific goods are identified after the contract of sale
d. Barter and sale are different from each other
Q. Voluntary transfer of possession from one person to another is called as
a. Ownership
b. Delivery
c. Gift
d. License
Q. Which of the statement is incorrect in connection with duties of seller and buyer:
a. It is the duty of the seller to deliver the goods
b. It is the duty of the buyer to accept and pay for them
c. It is not the duty of the seller to deliver the goods
d. It is the duty of the buyer to take delivery of goods
Q. Delivery of goods means-
a. Voluntary transfer of possession
b. Compulsory transfer of possession
c. Exchange of goods
d. Voluntary transfer of ownership
Q. For a valid contract of sale, delivery may be:
a. Actual delivery
b. Symbolic delivery
c. Constructive delivery
d. All of these