Top 80+ Solved Sales of Goods ACT 1930 MCQ Questions Answer
Q. Exemplary damage is also known as
a. a vindictive damage
b. a punitive damage
c. a direct damage
d. either (a) or (b)
Q. Vindictive damages have been awarded
a. for a breach of the promise to marry
b. for a wrongful dishonour of a cheque
c. either (a) or (b)
d. neither (a) nor (b)
Q. Liquidated damages means an amount of the _________ that may result from the breach ofcontract
a. actual loss
b. loss suffered
c. pre-estimated probable loss
d. pre-estimated actual loss
Q. A stipulation for increased interest from the date of default is known as
a. a compensation
b. a penalty
c. liquidated damages
d. damages
Q. A quasi-contract
a. is a contract
b. is an agreement
c. has only a legal obligation
d. is not any of these
Q. Claim for necessaries supplied to a person incompetent to contract, from the property ofsuch person. It is covered under the concept of
a. quasi-contract
b. caveat emptor
c. contingent contract
d. wagering agreement
Q. A contract in which one person promises to compensate the other for the loss suffered byhim, due to the conduct of the promisor or of any other person, is known as
a. contract of indemnity
b. quasi-contract
c. contract of guarantee
d. none of these
Q. The party who gives the indemnity is known as
a. the indemnity-holder
b. the indemnifier
c. the surety
d. the principal debtor
Q. A contract in which a person promises to discharge the liability of another person, in case ofdefault by such person, is known as a
a. quasi-contract
b. contract of indemnity
c. contract of guarantee
d. none of the above
Q. In a contract of guarantee, a person who promises to discharge another’s liability is knownas
a. the principal debtor
b. the creditor
c. the indemnified
d. the surety
Q. Liability of the surety is
a. coextensive with the principal debtor
b. primary with the principal debtor
c. secondary to the principal debtor
d. all of these
Q. A surety is discharged from the liability by
a. revocation notice by surety
b. material alteration in terms
c. discharge of principal by the creditor
d. all of the above
Q. The delivery of goods by one person to another for some specific purpose is known as a
a. bailment
b. pledge
c. pledge
d. mortgage
Q. The delivery of goods by one person to another as a security for the repayment of a debt isknown as a
a. bailment
b. hypothecation
c. pledge
d. mortgage
Q. Which of the following persons does not have a right of general lien?
a. bankers
b. wharfingers
c. finder of goods
d. factors and policy brokers