CA Foundation Law - Transfer of Ownership Quiz 9 Created on August 24, 2023 By admin Transfer of Ownership Quiz 1 1 / 21 Property in the goods ‘in the Sale of Goods Act means’ _________. ownership of goods possession of goods asset in the goods custody of goods 2 / 21 It is necessary to determine the precise moment of time at which the ownership of goods passes from seller to the buyer because _________. risk passes with property action can be taken only by the owner suit for price by the seller does not lie unless the property has passed to the buyer all of the above 3 / 21 “Nemo dat quad non habet”, means: no one is greater than god none can give who does not himself possess every one can give everything he has every one can give everything he has 4 / 21 A seller sends the goods and takes the railway receipt in his own name at the buyer’s place the seller has _________. Reserved the right of disposal of goods Not reserved the right of disposal of goods May reserve the right of disposal of goods The question of reserving the right of dis-posal does not arise 5 / 21 When the goods are sent on sale or return basis, the property in the goods passes to the buyer: When the buyer signifies his approval or acceptance to the seller When the buyer pledges the goods When the buyer resells the goods All the above 6 / 21 For passing of property in goods, the goods must be in _________. deliverable state manufacturing stage consumable state marketing state 7 / 21 The ownership in specific goods to be put in deliverable state passes _________. When the seller has brought the goods into a deliverable state and the buyer has notice thereof When the goods are brought in deliverable state by the seller The contract is made When the intention is clear 8 / 21 A Share Certificate is a _________. Document of Title to Goods Bill of Exchange Document Showing Title to Goods Instrument of Transfer 9 / 21 Transfer of documents of title to the goods sold to the buyer, amounts to _________. actual delivery symbolic delivery constructive delivery none of these. 10 / 21 Under the Sale of Goods Act, 1930, the term “Mercantile Agent” means a mercantile agent, having as such agent, authority to _________. sell goods or consign goods for the purposes of sale buy goods raise money on the security of goods do all of the above 11 / 21 For passing of property in respect of specific or ascertained goods, the intention of the parties can be ascertained from _________. Terms of the contract Conduct of the parties Circumstances of the case All of the above 12 / 21 Sale of goods by a mercantile agent gives a good title to the purchaser even in cases where the agent acts beyond his authority, provided the following conditions are satisfied _________. The agent is in possession of the goods or of a document of title to the goods. The agent sells the goods in the ordinary course business. The purchaser acts in good faith and has no notice that the agent had no authority to sell. All the above. 13 / 21 Which of these is NOT a Document of Title to Goods? Warehouse Keeper’s Certificate Wharfinger’s Certificate Bill of Exchange Dock Warrant 14 / 21 Which of these is NOT a Document of Title to Goods? Bill of Lading Railway Receipt Dock Warrant Bearer Cheque 15 / 21 Under the Sale of Goods Act, 1930, “Wharfinger’s Certificate” is a _________. Document of Title Document showing Title Certificate equivalent to a Negotiable Instrument Delivery Order 16 / 21 When a bill of exchange in sent together with documents of title, the property in goods passes when the buyer. Receives the Bill of Exchange Returns the Bill of Exchange Accepts the Bill of Exchange None of these 17 / 21 A Bill of Lading is a _________. Bill of Exchange Promissory Note Cheque Document of Title to Goods. 18 / 21 In case of sale of unascertained goods, the property in goods passes _________. when the contract provides that the property in goods shall pass when the goods are ascertained when the contract is made all of the above 19 / 21 The property, in case of sale of unascertained goods, passes when _________. Delivery Order is entered Goods are identified and appropriated to the contract Goods are so far ascertained that the parties have agreed that they shall be taken from some specific larger stock. Transfer is made in the books of the ware house man. 20 / 21 For transfer of property in unascertained goods, the basic condition is that _________. Goods must be ascertained and appropriated. Goods must be defined by description. Buyer must receive a sample of the goods Seller must have produced/purchased the goods 21 / 21 Dock Warrant is a _________. Document showing title to Goods. Document of Title to Goods Bill of Exchange Warrant for Arrest of a Person Your score isThe average score is 70% LinkedIn Facebook Twitter VKontakte 0% Restart quiz 5 Created on August 24, 2023 By admin Transfer of Ownership Quiz 2 1 / 21 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? After the lapse of six months period At the time of entering into the contract At the time of paying advance money As and when the Factory discharges the waste 2 / 21 In a sale of specific or ascertained goods, the property therein is transferred to the buyer _________. upon delivery of goods upon payment of price at such time as the parties intend it to he transferred at such time as decided by the Court. 3 / 21 The process of identifying the goods and setting apart as per the intended quality or description is called _________. Identification Procurement Ascertainment Allocation 4 / 21 Delivery of the keys of a godown where goods are kept amounts to: Actual delivery Symbolic delivery Constructive delivery All of these 5 / 21 For a valid contract of sale, delivery may be: Actual delivery Symbolic delivery Constructive delivery All of these 6 / 21 Delivery of goods means __________. Voluntary transfer of possession Compulsory transfer of possession Exchange of goods Voluntary transfer of ownership 7 / 21 Voluntary transfer of possession from one person to another is called as __________. Ownership Delivery Gift License 8 / 21 Unless otherwise agreed, the expenses of making delivery are borne by: The carrier The buyer The seller The agent 9 / 21 Where the part delivery is made in progress of the whole delivery, then: It is treated as delivery of the whole It is treated as delivery of the part It is not treated as delivery at all None of these 10 / 21 When goods are in possession of third person, delivery is complete: When such third party acknowledges to the buyer that he holds the goods on his behalf Even though such third party does not acknowledge When the physical possession of the goods is given None of the above 11 / 21 Which of the following is not a form of delivery __________. Actual delivery Symbolic delivery Constructive delivery Systematic delivery 12 / 21 __________ delivery involves change in the possession of goods without any change in their actual custody. Actual delivery Symbolic delivery Constructive delivery None of these 13 / 21 In case of carriage of goods by sea, where the [ seller has to put the goods on board a ship at his own expenses, the contract is known as __________. F.O.B. Contract C.I.F. Contract Ex-ship Contract FAS Contract 14 / 21 If the seller delivers to the buyer goods ordered mixed with goods of a different description, the buyer may __________. reject the whole accept the agreed goods and reject the remaining goods either ‘a’ or ‘b’ neither ‘a’ nor ‘b’ 15 / 21 If the seller delivers to the buyer a quantity larger than he contracted to sell, the buyer may __________. reject the whole accept the whole accept the quantity he ordered and reject the rest either ‘a’, ‘b’ or ‘c’ 16 / 21 If the seller delivers to the buyer a quantity less than he contracted to sell, the buyer may reject the goods accept the goods either ‘a’ or ‘b’ neither ‘a’ nor ‘b’ 17 / 21 Unless otherwise agreed, the expenses of obtaining delivery are borne by: The carrier The buyer The seller The agent 18 / 21 Diamond necklace valued ₹ 10 lacs was sent by S to B on sale or return basis. B pledged the diamond necklace with money lender M for ₹ 6 lacs. Discuss the rights and liability of the parties. B is not bound to pay the price to S B is bound to pay the price to S and M will remain as pawnee B is bound to pay the price to S and M will not have rights as pawnee B is not bound to pay anything to M 19 / 21 The general principle regarding transfer of title in case of sale of goods is that __________. The seller cannot transfer to the buyer a better title than he himself has The seller can transfer to the buyer a better title than he himself has The buyer can transfer to the seller a better title than he himself has The seller’s representative can transfer to the buyer no title 20 / 21 Under a __________ contract the seller is required to insure the goods, deliver them to the shipping company, and arrange for their affreightment. F.O.B. Contract C.I.F. Contract Ex-ship Contract FAS Contract 21 / 21 In case of carriage of goods by sea, where the seller has to deliver the goods to the buyer at the port of destination, the contract is known as __________. F.O.B. Contract C.I.F. Contract Ex-ship Contract FAS Contract Your score isThe average score is 78% LinkedIn Facebook Twitter VKontakte 0% Restart quiz 1 Created on August 24, 2023 By admin Transfer of Ownership T/F 1 / 20 The general rule of Sale of Goods Act is, risk prima facie passes with the delivery of goods. True False 2 / 20 Risk and ownership cannot be separated. True False 3 / 20 Parties may agree that risk will pass sometimes before the property has passed. True False 4 / 20 The seller in possession of the goods after sale can make a valid second sale even if he is not in the possession of the goods or document of title to the goods. True False 5 / 20 When there is a contract for the sale of unascertained goods, the property in the goods is not transferred to the buyer unless and until the goods are ascertained. True False 6 / 20 A contract of sale of future goods will always be an agreement to sell. True False 7 / 20 Pledging of goods obtained under a “sale or return” contract completes the contract of sale. True False 8 / 20 Promissory note is a document of title to goods. True False 9 / 20 A agrees to sell to B 20 tonnes of oil of a certain description in his cisterns and he has more than 20 tonnes of oil of description in his cisterns, then no property will pass to B unless the 20 tonnes are separated from the rest and they are appropriated to the contract. True False 10 / 20 It is not the duty of the seller to deliver the goods. True False 11 / 20 The place of delivery can be the place where the goods are lying at the time of sale. True False 12 / 20 Unless otherwise agreed, the buyer must apply for the delivery. True False 13 / 20 Unless otherwise agreed, goods shall be delivered before payment of price. True False 14 / 20 There are three modes of delivery. True False 15 / 20 Delivery by acknowledgement is an actual delivery. True False 16 / 20 The delivery of goods to a carrier in pursuance of a contract of sale, is prima facie deemed to be the delivery of goods to the buyer. True False 17 / 20 Any risk of deterioration in the goods necessarily incident to the course of transit shall be borne by the seller. True False 18 / 20 It is the duty of seller to take back the goods in case where buyer rightfully refuses to accept the goods. True False 19 / 20 When goods are delivered to the buyer and the buyer refuses to accept them, having a right to do so, then the buyer is bound to return them to the seller. True False 20 / 20 When means of obtaining possession are handed over to the buyer, it amounts to symbolic delivery. True False Your score isThe average score is 70% LinkedIn Facebook Twitter VKontakte 0% Restart quiz
