CA Foundation Law - Formation of Contract of Sale Quiz 13 Created on August 24, 2023 By admin Formation of Contract of Sale Quiz 1 / 10 Where under a contract of sale the property in goods is transferred from the seller to the buyer, the contract is called. an agreement to sell a sale both ‘a’ and ‘b’ either ‘a’ or ‘b’ 2 / 10 “Goods” means ________. every kind of movable property other than actionable claims and money some kinds of immovable property only every kind of movable property including actionable claims and money Both ‘a’ and ‘b’ 3 / 10 The Sale of Goods Act, 1930 governs the transfer of property in ________. movable property immovable property both movable and immovable property all type of properties 4 / 10 The code governing sale of goods was earlier contained in _________. the Indian Contract Act the Transfer of Property Act the Hire Purchase Act None of the above 5 / 10 When there is a contract for unascertained goods, and goods perish without the fault of the seller or buyer before the risk passes to the buyer, the contract ________. can be avoided cannot be avoided becomes void becomes unenforceable 6 / 10 ‘Future goods’ ________. can be the subject matter of sale cannot be subject matter of sale sometimes may be the subject matter of sale depends on circumstances 7 / 10 Specific goods are such goods which are ________. existing and identified at the time of making the contract identified after the making of contract but before the performance of contract both ‘a’ and ‘b’ neither ‘a’ nor ‘b’ 8 / 10 An agreement to sell is ________. an executory contract an executed contract neither ‘a’ or ‘b’ sometime ‘a’ or ‘b’ 9 / 10 A valid sale must have two parties who ________. must be competent to contract may not be competent to contract must be Indian citizens must be residents of the same state 10 / 10 To constitute a Contract of Sale, the transfer of property in goods ________. must be for monetary consideration may be for non-monetary consideration must be for both monetary and non¬monetary consideration may be either monetary or non-monetary consideration Your score isThe average score is 66% LinkedIn Facebook Twitter VKontakte 0% Restart quiz 5 Created on August 24, 2023 By admin Formation of Contract of Sale T/F 1 / 10 The provisions of Sale of Goods were originally contained in the Indian Contract Act, 1872. True False 2 / 10 The Sale of Goods Act, 1930 covers mortgage and pledge of goods. True False 3 / 10 The Sale of Goods Act, 1930 deals with movable goods only. True False 4 / 10 The term “goods” under Sale of Goods Act, 1930 includes actionable Claims. True False 5 / 10 The goods are at the risk of the party who has the ownership of the goods. True False 6 / 10 The property in goods means possession of goods. True False 7 / 10 In a contract of sale. The agreement may be expressed or implied from the conduct of the parties. True False 8 / 10 In a contract of sale, subject matter of the contract must always be money. True False 9 / 10 In case of hire purchase the hirer can pass title to a bona fide purchaser. True False 10 / 10 A lady gave a plain saree to Jariwala Brothers for embroidering with jari, to be purchased by Jariwala Brothers. It was held by the court that it was contract of sale. True False Your score isThe average score is 74% LinkedIn Facebook Twitter VKontakte 0% Restart quiz
