Sale of Goods Act Quiz

Which section governs the duties of the seller and buyer?

• Section 28

• Section 31

• Section 40

• Section 45

What is an implied condition under Section 16?

• Goods must fit the buyer's purpose if disclosed to the seller

• The buyer cannot inspect the goods

• Goods may include minor defects

• The seller need not disclose defects

What is the 'right of resale' in Section 54?

• The buyer can return the goods for resale

• The seller can auction the goods

• The buyer has a right to profit from resale

• The seller can resell goods after lien or stoppage in transit

Section 51 of Sale of Goods Act defines

• Condition and Warranty

• Sale and agreement to sell

• Duration of Transit

• Auction Sale

What is the consequence of fraudulent bidding in an auction sale?

• The sale is valid

• The sale is voidable at the option of the buyer

• The seller retains the goods

• The auctioneer must cancel the sale

Section 64 of Sale of Goods Act defines

• The intention determines when property passes

• Breach of Contract

• Performance of contract

• Auction sales

If a buyer purchases goods under a patent or trade name, what is the implied condition regarding fitness?

• The goods must be fit for any purpose

• There is no implied condition of fitness

• The goods must meet the trade name standards

• The goods must be merchantable

What does the principle of Caveat Emptor imply?

• The seller is responsible for any defects in the goods

• The buyer must examine the goods and accept responsibility for defects

• The buyer can rely entirely on the seller's representations

• The seller must ensure the goods are fit for the buyer's purpose

Which section of the Sale of Goods Act reflects the doctrine of Caveat Emptor?

• Section 12

• Section 14

• Section 16

• Section 19

What does the principle of Caveat Venditor mean?

• The buyer must beware and inspect goods thoroughly

• The seller is responsible for ensuring goods meet quality and purpose standards

• The buyer assumes all risk of defects in the goods

• The seller can disclaim all implied warranties in the contract