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

St. Britto Hr. Sec. School - Madurai

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

Time : 1.00 Hours

Part - A

Multiple Choice Question - Answer All Question

The term ____________ is also used as similar in meaning to specific goods.

Generic goods
Specific goods
Ascertained goods
Future goods

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

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

____________ excludes money, actionable claims and immovable property.

Assets
Liabilities
Funds
Goods

Which of the below is not a good?

Stocks
Dividend due
Crops
Water

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

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

Sale
Agreement to sell
Contract
None of these

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

Bailee
Bailor
Creditor
True owner

Sale under sale of goods Act is/an _________________ contract.

Executory
Executable
Executed
None of these

In case of sale the risk is associated with

money
goods
ownership
possession

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

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

immovable
movable
specific
all of the above

______________ means buying the ownership of the goods from the seller for a price.

Purchase
Sales
Purchase return
Sales return

A contract of sale involves

one parties
three parties
two parties
more than five parties

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

contract
ownership
goods
non of these

The _____________ can claim only rateable dividend.

buyer
seller
competitions
financier

A sale is said to be completed when _______________ is transferred from one party to the other party.

Money
Goods
Interest
Ownership

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 monetary consideration for the sold is called goods

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

_______________ is of secondary importance to the contract.

Warranty
Condition
Quite Possession
Agreement

The property in the goods means the

Possession of goods
Custody of goods
Ownership of goods
Both (a) and (b)

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

Transfer
Change of possession
Delivery
None of thes

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

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

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

Trade mark
Goodwin
Money
Water

In case of the sale, the __ has the right to sell

Buyer
Seller
Hirer
Consignee

Existing goods can be classified as

Ascertained
Generic
Both a and b
Nor a neither b

Specific goods denote goods identified upon the time of___________ of sale:

Agreement
Contract
Order
Obligation

List I List II

i) Condition 1) Bill of exchange

ii) Warranty 2) Perishable in nature

iii) Unpaid seller 3) Collateral to the main purpose

iv) Right of resale 4) Essential to the main purpose

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

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

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

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

3 1 2 4

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

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

_____________ excludes money, actionable claims and immovable property.

Assets
Liabilities
Funds
Goods

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

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

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

Where the transfer of the property in the goods is to take place of a future time or subject to some condition, then such contract is called:

An agreement to sell
A contract to sale
Future contract
Condition contract

Which of the following determined with reference to the terms and conditions of the contract?

Condition
Warranty
Both 'a' and 'b'
None ofthese

Section 2, the sale of Goods Acts is about

Principles
Definitions
Exceptions
None of above

Unpaid seller can exercise his right of lien over the goods, where he is in possession of the goods as

Owner of goods
Agent of buyer
Bailee for buyer
All of these

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