Sale of Goods Act Test 1

Option (2) is correct: Indent is used in export sales. All the others are documents of title of goods.

Option (1) is correct: A stipulation that is essential to the main purpose of a contract is called condition.
Option (2) is incorrect: A stipulation that is collateral to the main purpose of a contract is called warranty.
Option (3) is incorrect: A pledge means mortgaging goods for a loan.
Option (4) is incorrect: A lien means to retain possession.

Option (1) is incorrect: Consumer goods are the end result of production and manufacturing, and are what a consumer will see on the store shelf. 
Option (2) is correct: Producer goods are the raw materials or consumable items for the production of other goods. Consumer goods are ready to use goods and are directly used by consumers. Free goods do not have exchange value. Durable goods are used for a long time.

Option (3) is correct: He can accept the goods and pay accordingly or he can reject the goods, if he desires.

Option (1) is correct: Goods ascertained after the formation of contract are called ascertained goods.

Option (1) is incorrect: If there is an agreement, things can change otherwise.

Option (1) is incorrect: The goods cannot be transferred before the contract is made.
Option (2) is correct: The property passes as soon as a contract is made.
Option (3) is incorrect: In case of an unconditional contract for sale of specific goods in a deliverable state, the ownership of property in goods passes to the buyer, if goods are not in a deliverable state and are required to be brought in a deliverable state. 

Option (2) is correct: A sale of goods results in the change of ownership. The possession of goods may or may not change.

Option (2) is correct: If a seller has refused to accept valid tender of price, then he is not called an unpaid seller.
In options (1) and (3), he will be called an unpaid seller.

Option (1) is correct: It is called symbolic delivery.
Option (2) is incorrect: In actual delivery, goods are actually delivered to the buyer.
Option (3) is incorrect: A constructive delivery is a delivery that is inferred to have taken place from the conduct of the parties (such as when one transfers a title to another) involved in a transaction, even if the physical delivery did not take place.
 

Option (1) is correct: The bid can be revoked any time before the fall of the hammer. When the hammer falls, it amounts to acceptance and such an offer cannot be revoked once it is accepted.

Option (3) is incorrect: The goods destroyed without negligence of a buyer are not deemed to be transferred.
Option (4) is correct: If a buyer does not return the goods within time, then the ownership is deemed to be transferred.

Option (4) is correct: In a contract of sale, it is a must that at least two parties be there and the subject matter be goods.

Option (1) is correct: If the goods under a contract perish before the making of the contract, it becomes void if the goods are specific. In any other case, the contract will not be void. 

Option (4) is correct: Under Section 14 of the Sale of Goods Act, it is an implied warranty that the goods shall be free from any charge or encumbrances in favour of any third party. All the other options are implied conditions.