Sale of Goods Act Quiz

What is the definition of a "buyer" under the Sale of Goods Act, 1930?

• A person who agrees to sell goods

• A person who buys or agrees to buy goods

• A person who transports goods

• A person who evaluates goods

When does the Sale of Goods Act, 1930 come into force?

• 1st January 1930

• 15th March 1930

• 1st July 1930

• 31st December 1930

What does "future goods" refer to?

• Goods existing at the time of the contract

• Goods yet to be manufactured, produced, or acquired by the seller

• Goods damaged during transit

• Goods already delivered

What is meant by "condition" in a contract of sale?

• A term unrelated to the purpose of the contract

• A collateral stipulation

• A stipulation essential to the main purpose of the contract

• A guideline for payment only

Under what section is "Ascertainment of Price" discussed?

• Section 4

• Section 9

• Section 16

• Section 25

What is "merchantable quality"?

• Goods that are defective but usable

• Goods fit for sale under their description

• Goods specifically made for the buyer

• Goods that are inspected by the government

What does Section 45 define?

• Rights of the seller

• Unpaid seller

• Duties of the buyer

• Transfer of property

What happens when goods perish before the sale but after the agreement to sell?

• The seller compensates the buyer

• The agreement is void

• The buyer assumes the risk

• The goods are replaced automatically

What is the effect of part delivery of goods?

• The contract is terminated

• Ownership passes for the entire delivery

• Ownership does not pass for the remaining goods unless agreed

• Buyer must reject all goods

What does the term "specific goods" mean?

• Goods yet to be manufactured

• Goods identified and agreed upon at the time of contract

• Goods delivered to the buyer on approval

• Goods under dispute in a contract