Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
Q. If, after the arrival of Goods at their destination, Carrier or other Bailee acknowledges to Buyer or hisagent that he holds goods on his behalf, and continues possession of the goods, the transit is at an end —
a. even if the buyer indicates further destination for the goods to the Carrier.
b. only when the buyer takes delivery of the goods
c. only when the buyer is solvent
d. only when the seller's agent takes delivery of the goods
Q. If the Carrier/Bailee wrongfully refuses to de liver the goods to the buyer or his agent, the 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
Q. Sub-sale by the buyer with Seller's consent leads to loss of right of stoppage in transit.
a. True
b. Right not affected
c. False
d. None of the above
Q. S sells certain goods to B of Bombay. The goods are handed over to the railways for transmission to B. In the mean time B sells the goods to a third party T for consideration without the consent of S. B. becomes insolvent. In this case —
a. S has the right of stoppage in transit
b. S has lost his right of stoppage in transit
c. Station Master has the right of stoppage in transit
d. None of the above
Q. The Unpaid Seller's right of lien or right of stoppage in transit is NOT AFFECTED by any sale or otherdisposition of the Goods made by Buyer, unless —
a. Buyer becomes solvent
b. Buyer obtains delivery of goods before destination
c. Seller has assented to such sale
d. Seller obtains delivery of goods before destination
Q. Unpaid Seller's right of stoppage in transit can be exercised only when the Buyer is insolvent.
a. True
b. Partly True
c. False
d. None of the above
Q. The word "perishable" in respect of goods, u/ s 54 of the Sale of Goods Act, means
a. physically perishable
b. commercially perishable
c. both (a) and (b)
d. either (a) or (b)
Q. Where under a contract of sale the property in goods has passed to Buyer and Buyer wrong fully neglectsor refuses to pay the price, the Seller can sue the Buyer for —
a. payment of price of goods
b. damages for non-acceptance of goods
c. payment of other charges like insurance, forwarding et
d. all of the above
Q. Where under a contract of sale, the Buyer wrong fully neglects or refuses to pay the price, the Seller cansue the Buyer for the price of goods, if the property in goods -
a. has not passed to buyer
b. has passed to buyer
c. either (a) or (b)
d. remains with the seller
Q. Where under a contract of sale, the price is payable on a certain day irrespective of delivery and Buyer wrongfully neglects or refuses to pay the price, the Seller can sue the Buyer for the price of goods. For this purpose, goods —
a. should be appropriated to the contract
b. need not be appropriated to the contract
c. should be delivered to the buyer
d. need not be delivered to the buyer
Q. Generally, where the Buyer has paid the price and Seller refuses to deliver the goods, buyer can sue theseller for —
a. specific performance of the contract
b. delayed delivery of goods
c. refund of price already paid
d. non-acceptance of goods
Q. Where there is a breach of warranty -by seller; or where the Buyer elects or is compelled to treat anybreach of condition by the seller as breach of warranty, the buyer is entitled to —
a. reject the goods
b. set up against the Seller the breach of warranty in diminution or extinction of the price
c. sue the Seller for damages for breach of warranty
d. either 'b' or 'c'
Q. In case of interest by way of damages and special damages in a suit by the seller u/s 61, the interest maybe calculated from —
a. date of tender of goods
b. date on which the price was payable
c. either (a) or (b)
d. both (a) and (b)
Q. When under a contract of sale, buyer has paid the price, but seller neglects to deliver goods, buyer has aright to claim interest on the amount of price. The buyer can claim interest —
a. only when he can recover the price
b. only when he is entitled to claim damages
c. either (a) or (b)
d. both (a) and (b)
Q. If the goods are rejected by the buyer and the carrier or other bailee continues in possession of them, thetransit…………even if the seller has refused to receive them back.
a. is deemed to be at an end
b. is not deemed to be at an end
c. continues
d. both 'b' and 'c'