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12th Commerce Monthly Test -3 ( The Sale Of Goods ACT, 1930 )

St. Britto Hr. Sec. School - Madurai

12th Commerce Monthly Test -3 ( The Sale Of Goods ACT, 1930 )-Aug 2020

Time : 2.30 Hours

Part - A

Multiple Choice Question - Answer All Question

_____________ is one of the most important Acts coming under special contract.

Sale of goods
Negotiable instrument
Both 'a' and 'b'
None of these

The voluntary transfer of possession form one person to another is called

Transfer
Change of possession
Delivery
None of thes

Which of the below is not a good?

Stocks
Dividend due
Crops
Water

______________ means that the goods must be saleable in the market under that denomination.

Sale by sample
Wholesomeness
Merchantability
None of these

Which of the following is not the right of an unpaid seller under sale of Goods Act, 1930?

Right of lien on goods for the price while the goods are in possession of seller
Right of stopping the goods in transit, incase of solvency of buyer
Right of resale as limited by the Act
Right of with holding delivery where the property in the goods has passed to the buyer

The voluntary transfer of possession form one person to another is called

Transfer
Change of possession
Delivery
None of these

List I List II

i) Two parties 1) Movable property

ii) Transfer of property 2) Monetary consideration

iii) Goods 3) Does not amount to sale

iv) Price 4) Seller and buyer

(i) (ii) (iii) (iv)

3 4 2 1
(i) (ii) (iii) (iv)

2 3 4 1
(i) (ii) (iii) (iv)

1 2 3 4
(i) (ii) (iii) (iv)

4 3 1 2

Ascertained goods is otherwise called as _____________ goods.

specific
generic
future
None of the above

_______________ is of secondary importance to the contract.

Warranty
Condition
Quite Possession
Agreement

A contract of sale involves

one parties
three parties
two parties
more than five parties

____________ is an executed contract i.e, completed contract.

Sale
Agreement to sell
Contract
None of these

_____________ is a stipulation which is essentil to the main purpose of the contract.

Warranty
Condition
Suit for price
Quiet possession

The possession of the finder of lost goods is that of:

Bailee
Bailor
Creditor
True owner

Which of the following does not fall in the categoryof"goods"?

Stock and shares
Money and actionable claims
Growing crops and grass
None of these

The ____________ can claim only rateble dividend.

buyer
seller
competitions
financier

The monetary consideration for the goods sold is called

Price
Goods
Both 'a' and 'b'
None of these

Which of the below constitutes the essential element of contract of sale?

Two parties
Transfer of property
Price
All of the above

The _____________ can claim only rateable dividend.

buyer
seller
competitions
financier

_____________ excludes money, actionable claims and immovable property.

Assets
Liabilities
Funds
Goods

__________ goods are a part of future goods.

Contingent
Generic
Future
Specific

In case of sale the risk is associated with

money
goods
ownership
possession

The sale of goods Act deals only with goods which are ______________ in nature.

immovable
movable
specific
all of the above

A contract of sale may be made:

A in writing or by word of mouth
Partly in writing of partly by word of mouth
By the implied conduct of parties
All of the above

Existing goods can be classified as

Ascertained
Generic
Both a and b
Nor a neither b

____________ is one of the most important Acts coming under special contract.

Sale of goods
Negotiable instrument
Both 'a' and 'b'
None of these

The term ____________ is utmost importance in the sale of goods.

contract
ownership
goods
non of these

Section 2, the sale of Goods Acts is about

Principles
Definitions
Exceptions
None of above

Which of the following is not a subject matter in sale of goods Act?

Trade mark
Goodwin
Money
Water

________________ has unlimited rights of the property purchased against the whole world.

Seller
Buyer
Both 'a' and 'b'
None of these

According to sale of Goods Act, 1930, 'seller' means a person:

who only agrees to sell tlie goods
who sells or agrees to sell
who only sells the goods
who transfers the possession of the goods to the other party

Part - B

Generic 2 - Answer All Question

What is a contract of sale of goods?

What is a Contingent Goods?

What is price?

What is price?

What is meant by goods?

Part - C

Generic 3 - Answer All Question

Explain the term 'Transfer of property' with an example.

Discuss the implied conditions and warranties in sale of goods contract.

What are the difference between specific goods, Ascertained goods and unascertained goods.

Discuss in detail about existing goods.

Explain the term 'Transfer of property' with an example.

Discuss in detail the rights of an unpaid seller against the buyer personally.

What are the difference between specific goods, Ascertained goods, and unascertained goods.

Write a short note on conditions with examples.

Write a short note on conditions with examples.

Explain the meaning of Agreement to sell

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