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WorksheetsSale of Goods Act, 1930
Total questions: 30
Worksheet time: 15mins
Sale of goods act was passed in the year
1940
1930
1920
1960
Who is buyer?
a person who buys or agrees to buy goods.
a person who is still negotiating
a person who offers to sell goods
a person who is disagree to buy goods
The Sale of Goods Act, 1930 was a part of the Indian Contract Act 1872?
True
False
The contracting parties in sale of goods known as
offeror and offeree
agent and principle
seller and buyer
which of the below constitutes the essential element of contract of sale ?
two parties
transfer of property
price
all of the above
What is meant by the term "specific goods"?
Specific goods are goods that are identified and agreed upon at the time a contract of sale is made.
Specific goods are goods that have been specifically made to fulfil the buyer's order
Specific goods are goods that have a specific (rather than a general) use
Specific goods are goods that the seller has had to order specifically for the buyer
What are "existing goods"?
Existing goods are goods that the seller has left over from a previous sale.
Existing goods are goods that are either owned or possessed by the seller.
Existing goods are goods that the seller knows exist but needs to order them specifically for the buyer.
Existing goods are goods that have already been manufactured and therefore exist.
What are "future goods"?
Future goods are goods that the seller needs to order specifically to fulfil the contract of sale.
Future goods are goods that the buyer does not take with him/her at the time of purchase but are to be delivered at a future time
Future goods are goods to be manufactured or acquired by the seller after the making of the contract of sale.
Future goods are goods sold on credit which the buyer can pay for in the future
which of the below is not a good ?
stocks
dividend due
crops
water
The property in the goods means the
possession of goods
custody of goods
ownership of goods
both (a) and (b)
............ is stipulated which is collateral to main purpose of contract :
warranty
condition
right
agreement
What is meant by 'condition' in a sale of goods transaction?
It is collateral to the contract
It is essential to the contract
Both of the above
None of the above
X agrees to sell Y all the crops to be grown at his farm in Haryana during the year 2020 season for a sum of Rs 10,00,000. Identify the status
Agreement to sell
Agreement to sell future goods
Agreement to sell contingent goods
Contract for sale
The seller must transfer the ownership in the goods
to the seller
to the buyer
to the producer
to the manufacturer.
X brought a reaping machine from Y who described it to be one year old and used only to cut 50 to 60 acres but X found that the machine did not correspond to the description by the seller.
X was entitled to accept and sue for damages
X was entitled to reject because it did not correspond to the description given by the seller
X was not entitled to reject
None of the above
X bought from Y foreign refined rapeseed oil which was warranted to be equal to the sample. The oil supplied was equal to the sample. The sample was actually a mixture of rapeseed oil and hemp oil.
X was entitled to reject the goods because it did not correspond to the sample
X was entitled to reject the goods because it did not correspond to the description
X was entitled to reject the goods because it did not correspond to the sample and the description.
None of the above
The maxim 'caveat emptor' means...
this is not my caveat
let buyer beware
no one can give a better title than what themselves have
let the seller aware
The following are remedies available to an unpaid seller EXCEPT ...
right of lien
right to resell the goods
right of stoppage in transit of the goods
right of specific performance
The meaning of the maxim 'nemo dat quad non habet' is ...
let the buyer beware
a seller must sell goods at a reasonable price
no one can give a better title that the owner has
the buyer is always right
____________ is the right to the seller to retain possession of the goods until payment is made
Lien
Charge
Resale
The term ownership confers on the buyer an absolute ................. to dispose of the asset in any way as they like.
control
price
freedom
sale
Identify the different kinds of Goods (Multiple answers, select all that apply)
Existing goods
Unascertained goods
Future goods
None of the above
The delivery of goods may be done in various forms. Identify the forms.
Actual
Constructive
Symbolic
All of the above
Contract of Sale is a ___________ contract.
Executed contract
Executory contract
Void contract
Contingent contract
The risk of loss in case of agreement to sell is borne by __________.
buyer
seller
distributor
manufacturer
Buyer acquires __________ in case of contract of sale.
Jus in rem
Jus in personam
Caveat emptor
Quasi dictum
Which is not a document of title to goods?
Bill of lading
Dock warrant
Delivery order
Tender notice
