Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
Q. The right of lien is available to the Unpaid Seller, u/s 47 of the Sale of Goods Act, when he is in possessionof goods —
a. as an agent of the Buyer
b. as a Bailee for the buyer
c. in his own right
d. all of the above
Q. In which of the following situations, the right of lien available to the Unpaid Seller is lost?
a. Where the Goods have been sold without any stipulation as to credit
b. Where the Goods have been sold on credit, but the credit period has expired
c. Where the Buyer becomes insolvent
d. Where the Unpaid Seller has parted with the possession of the goods.
Q. Once possession is lost, right of lien of the Unpaid Seller is also lost. This statement is
a. True
b. Partly True
c. False
d. None of the above
Q. Where the goods have been delivered to Rail ways for carriage and the R/R is taken in the name of theseller or his agent:
a. the seller is prima facie deemed to reserve the right of disposal
b. the seller did not retain the right of disposal
c. the seller cannot retain right of disposal
d. none of the above
Q. When the goods have been sold on credit and the credit period ……. lien can he exercised
a. has not expired
b. has expired
c. has not been extended
d. has been extended
Q. The right of lien can be exercised by the Unpaid Seller in respect of—
a. Price
b. Any other expenses, eg. Godown Charges, Interest, etc.
c. Both (a) and (b)
d. Either (a) or (b)
Q. The Unpaid Seller………….to deliver a part of the Goods on payment of a proportionate part of the price by the Buyer.
a. shall be bound
b. may refuse
c. must honour his commitment
d. shall request the carrier
Q. Generally, where an Unpaid Seller has made part delivery of the Goods, he —
a. may exercise his right of lien on the remainder
b. has to honour the entire contract
c. loses his lien on the remainder of the goods
d. can supply defective goods in respect of the remainder
Q. In which of the following cases, the Unpaid Seller does not lose his right of lien —
a. When he delivers the goods to a carrier or other bailee for the purpose of transmission to the Buyer without reserving the right of disposal
b. When the Buyer or his agent lawfully obtains possession of the goods
c. When Seller himself waives the right of lien
d. When Seller obtains a decree for the price of the goods
Q. Where the Unpaid Seller has obtained a decree for the price of the goods, the right of lien —
a. can be exercised
b. is lost
c. is at the option of the Court
d. is at the option of the Seller
Q. Where the Unpaid Seller has parted with the goods by handing it over to a carrier for transmission, andthe goods are in transit, he can reclaim possession thereof. This right is called —
a. Right of Lien
b. Right of Stoppage of goods in transit
c. Right of withholding delivery of goods
d. Right of Re-sale
Q. Right of Stoppage in transit can be exercised by the Unpaid Seller, where he —
a. has lost his right of lien
b. still enjoys his right of lien
c. either (a) or (b)
d. neither (a) nor (b)
Q. Right of Stoppage in transit can be exercised by the Unpaid Seller, where the Buyer—
a. is solvent
b. becomes insolvent
c. acts fraudulently
d. acts smartly
Q. If, after the arrival of goods at their destination, Carrier or other Bailee acknowledges to Buyer or his agentthat he holds goods on his behalf, and continues possession of the goods, the transit—
a. is at an end
b. is deemed to continue
c. is not at an end
d. is not affected at all
Q. If goods are rejected by the buyer and the Carrier or other Bailee continues in possession of them, and the seller has refused to receive them back, then transit —
a. is at an end
b. is deemed to be at an end
c. is not deemed to be at an end
d. is dependent on the Court's decision