Questions
What is the nature of agreement to sell?
- Executory contract
- Executed contract
- Both executed and executory contract
- None of these
The contract of bailment is different from sale as it involves
- transfer of ownership and possession
- transfer of ownership only
- transfer of possession only
- transfer of none
Which of the following is not an agreement to sale?
- An importer agreed to sell a part of goods (not arrived yet) coming from other country.
- A farm house owner promised to supply the eggs to be given by hens.
- A person promised to sell fruits to be grown in his garden next year.
- A money lender promised to lend money for the business.
Generally, there must be at least ______ party/parties in a contract of sale.
- one
- two
- three
- four
Generally, there must be at least ______ party/parties in a contract of sale.
- one
- two
- three
- four
Which of the following is/are not considered as goods under the contract of sale?
- Stock and shares
- Patent rights
- Water
- Actionable claims
One of the most essential elements of contract of sale is
- two parties
- property
- contract
- price
Exchange of old goods for new goods without any payment of money is called
- sale
- agreement to sale
- barter
- mortgage
Which of the following is not price in monetary consideration?
- Exchange of goods for cash
- Exchange of goods for cash as well as goods
- Exchange of goods for goods
- None of these
The contract of sale may be
- absolute only
- conditional only
- both absolute or conditional
- none of these
The goods in the contract of sale can not be
- specific
- existing
- futuristic
- ascertained
Who bears the risk of loss in case of agreement to sell?
- Buyer
- Seller
- Third Party
- Consignee
The goods which are not identified at the time of contract of sale are called
- specific goods
- ascertained goods
- generic goods
- future goods
Contingent goods are a type of
- specific goods
- ascertained goods
- generic goods
- future goods
Which of the following is/are not covered under the definition of goods?
- Birds
- Old Coins
- Current currency
- All of these
Generally, a hire purchase agreement is
- sale
- agreement to sale
- mere an agreement
- none of these
In a contract of sale of specific goods, if goods are destroyed at the time of formation of contract without the knowledge of buyer or seller, the contract is considered as
- valid
- illegal
- void
- voidable
If price is not expressly fixed at the time of contract or not ascertainable by the usage of custom or in regular course of dealing between the parties, then the buyer should pay
- reasonable price
- any price
- the price as decided by the government
- no price at all
A stipulation in contract of sale essential to the main purpose of contract is known as
- warranty
- condition
- guarantee
- condition or warranty
If there is breach of warranty, the buyer can
- repudiate the contract
- sue for damages
- opt any of the two
- none of these
A bailment is different from sale as it
- may be gratuitous or non-gratuitous
- is gratuitous only
- is non-gratuitous only
- none of these
_______ has an option to treat condition as warranty.
- Seller
- Buyer
- Court
- None of these
Sale of Goods Act is applicable for
- movable goods only
- immovable goods only
- both movable and immovable goods
- none of these