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CAF-3.1(SOGA-UNIT-1)

Total questions: 109

Worksheet time: 2hrs 49mins

Name
Class
Date
1.

The Sale of Goods Act, 1930 is primarily based on which legislation?

a)

Indian Contract Act, 1872

b)

English Sale of Goods Act, 1893

c)

English Contract Act, 1870

d)

Indian Transfer of Property Act, 1882

2.

"Sale of Goods Act, 1930 applies only to movable property." This statement is:

a)

Correct

b)

Incorrect

c)

Partly correct

d)

Depends on the contract

3.

Before 1930, provisions relating to sale of goods were part of:

a)

Indian Contract Act, 1872 – Chapter IV

b)

Indian Contract Act, 1872 – Chapter VII

c)

Transfer of Property Act, 1882

d)

None

4.

Which of the following is NOT considered "goods"?

a)

Electricity

b)

Water

c)

Actionable claim

d)

Goodwill

5.

A agrees to sell one packet of sugar out of 500 packets. This is a contract of:

a)

Ascertained goods

b)

Unascertained goods

c)

Specific goods

d)

Contingent goods

6.

Goods identified and agreed upon at the time of contract are called:

a)

Ascertained goods

b)

Specific goods

c)

Existing goods

d)

Appropriated goods

7.

A wholesaler has 100 cotton bales. He selects 40 as per contract. These goods become:

a)

Specific goods

b)

Unascertained goods

c)

Ascertained goods

d)

Contingent goods

8.

A agrees to sell the oranges that will grow in his farm next season. This is:

a)

Sale

b)

Agreement to sell

c)

Hire purchase

d)

Pending contract

9.

A's warehouseman acknowledges to B that he now holds A's goods on B's behalf. This is:

a)

Actual delivery

b)

Constructive delivery

c)

Symbolic delivery

d)

Illegal delivery

10.

Handing over keys of a warehouse containing goods results in:

a)

Constructive delivery

b)

Actual delivery

c)

Symbolic delivery

d)

Conditional delivery

11.

A railway receipt is:

a)

Document showing title

b)

Document of title

c)

Document of ownership

d)

Payment document

12.

Share certificate is NOT a document of title because:

a)

It is illegal

b)

It cannot transfer goods by endorsement

c)

It is not valuable

d)

It is only used for banking

13.

Mercantile agent is authorized to:

a)

Sell goods

b)

Buy goods

c)

Raise money on the security of goods

d)

All of the above

14.

Property in goods means:

a)

Physical possession

b)

Custody

c)

Ownership

d)

Transferability

15.

When property passes immediately, the contract is:

a)

Agreement to sell

b)

Transfer agreement

c)

Sale

d)

Executory contract

16.

In an agreement to sell, who bears the risk of loss before property passes?

a)

Buyer

b)

Seller

c)

Both

d)

None

17.

"Risk follows ownership" applies in:

a)

Contract of indemnity

b)

Sale of goods

c)

Bailment

d)

Guarantee

18.

A hires a machine with an option to buy later. This is:

a)

Sale

b)

Agreement to sell

c)

Hire purchase

d)

Barter

19.

A gives gold to a goldsmith to make an ornament. This is:

a)

Sale

b)

Contract for work and labour

c)

Hire purchase

d)

Agreement to sell

20.

Goods perishing before contract formation makes the contract:

a)

Void

b)

Voidable

c)

Valid

d)

Illegal

21.

A agrees to sell 50 bags of wheat stored in his godown. Unknown to both, they were destroyed. The contract is:

a)

Valid

b)

Voidable

c)

Void under Section 7

d)

Enforceable with compensation

22.

Future goods perishing results in:

a)

Agreement becomes void

b)

Sale

c)

Hire

d)

Barter

23.

Price may be determined by:

a)

Contract

b)

Third party

c)

Course of dealings

d)

All of the above

24.

When a valuer fails to fix the price without fault of either party:

a)

Contract becomes void

b)

Contract becomes illegal

c)

Price is assumed zero

d)

Buyer must pay price chosen by seller

25.

Goods selected from a large quantity after contract are called:

a)

Future goods

b)

Contingent goods

c)

Ascertained goods

d)

Manufactured goods

26.

A contract of sale can be made:

a)

Verbally

b)

In writing

c)

By conduct

d)

All of the above

27.

A shopkeeper delivering goods to a customer on billing is:

a)

Constructive delivery

b)

Symbolic delivery

c)

Actual delivery

d)

Legal delivery

28.

A contract where delivery is immediate but payment is future is:

a)

Sale

b)

Agreement to sell

c)

Conditional sale

d)

Hire purchase

29.

A’s cow dies, so he cannot supply milk he promised. This is:

a)

Breach

b)

Fraud

c)

Supervening impossibility

d)

Wrongful act

30.

Transfer of goods + money exchange is essential for:

a)

Barter

b)

Hire

c)

Sale

d)

Transfer of property

31.

Contract of sale includes:

a)

Sale

b)

Agreement to sell

c)

Both (a) and (b)

d)

None

32.

A contract where property transfers in future is:

a)

Sale

b)

Agreement to sell

c)

Delivery contract

d)

Work and labour

33.

X agrees to sell goods at price fixed by Z. Z refuses. The contract is:

a)

Valid

b)

Void

c)

Enforceable without price

d)

Barter

34.

When buyer receives goods but pays later:

a)

Executory contract

b)

Executed contract

c)

Void

d)

Voidable

35.

Transfer of possession without transfer of ownership is:

a)

Sale

b)

Bailment

c)

Hire purchase

d)

Agreement to sell

36.

Hire purchase creates:

a)

Sale

b)

Bailment

c)

Ownership immediately

d)

None

37.

Ownership in hire purchase passes:

a)

Immediately

b)

On delivery

c)

On last installment

d)

On first installment

38.

Hirer may terminate hire purchase by:

a)

Paying full price

b)

Returning goods

c)

Suing owner

d)

Selling goods

39.

Essential element in sale:

a)

Delivery

b)

Transfer of ownership

c)

Payment

d)

Inspection

40.

Jus in rem means:

a)

Right against specific person

b)

Right against world

c)

Right against seller

d)

Right against buyer

41.

Jus in personam means:

a)

Right against world

b)

Right against specific party

c)

Right against property

d)

None

42.

Before transfer of property, risk lies with:

a)

Buyer

b)

Seller

c)

Carrier

d)

Agent

43.

Specific goods destroyed before sale unknowingly:

a)

Valid

b)

Void

c)

Voidable

d)

Illegal

44.

Delivery occurs when:

a)

Physical transfer

b)

Document transfer

c)

Attornment

d)

All

45.

Delivery of token item:

a)

Actual

b)

Symbolic

c)

Constructive

d)

Partial

46.

Goods yet to be manufactured:

a)

Specific

b)

Existing

c)

Future

d)

Ascertained

47.

Contingent goods depend on:

a)

Market

b)

Uncertain event

c)

Delivery time

d)

Buyer demand

48.

Contract of sale may be by:

a)

Offer-acceptance

b)

Conduct

c)

Implied terms

d)

All

49.

Contract depending on uncertain acquisition:

a)

Sale

b)

Contingent goods agreement

c)

Barter

d)

Void

50.

A person who agrees to buy is:

a)

Buyer

b)

Consumer

c)

Hirer

d)

Agent

51.

Return of identical goods occurs in:

a)

Sale

b)

Bailment

c)

Hire

d)

Barter

52.

Delivery in installments is:

a)

Illegal

b)

Valid if agreed

c)

Void

d)

None

53.

Transfer of general property means transfer of:

a)

Possession

b)

Ownership

c)

Custody

d)

Documents

54.

Special property means:

a)

Ownership

b)

Limited interest

c)

No rights

d)

None

55.

Pledgee holds:

a)

General property

b)

Special property

c)

Ownership

d)

None

56.

Deliverable state means goods are:

a)

Usable

b)

Ready for delivery

c)

Packed

d)

Tested

57.

Delay due to seller's fault → risk:

a)

Buyer

b)

Seller

c)

Carrier

d)

None

58.

Attornment means:

a)

Actual delivery

b)

Symbolic delivery

c)

Third party acknowledgment

d)

None

59.

Gas, water, electricity are:

a)

Not goods

b)

Services

c)

Goods

d)

Immovable

60.

Share certificate is:

a)

Document of title

b)

Document showing title

c)

Invoice

d)

Delivery order

61.

Agreement to sell becomes sale when:

a)

Buyer pays advance

b)

Time elapses / condition fulfilled

c)

Goods delivered

d)

Price increases

62.

A person unable to pay debts is:

a)

Insolvent

b)

Defaulter

c)

Bankrupt

d)

None

63.

Difference between ownership & possession:

a)

Ownership is legal right

b)

Possession is physical control

c)

Both are different

d)

All

64.

Agreement to sell implies:

a)

No transfer of ownership yet

b)

No payment

c)

No delivery

d)

Goods are intangible

65.

When price not discussed:

a)

Contract void

b)

Voidable

c)

Reasonable price applies

d)

No contract

66.

Not essential for sale:

a)

Two parties

b)

Ownership transfer

c)

Delivery

d)

Price

67.

Hire purchaser can:

a)

Sell goods anytime

b)

Pass title anytime

c)

Transfer only possession

d)

Transfer ownership

68.

Buyer on installments without ownership is:

a)

Buyer

b)

Bailee

c)

Hirer

d)

Consignee

69.

Goods selected after contract:

a)

Future

b)

Contingent

c)

Ascertained

d)

None

70.

In sale, seller cannot:

a)

Resell goods

b)

Transfer property

c)

Transfer title

d)

Deliver goods

71.

Parties may modify SOGA provisions:

a)

Always

b)

Never

c)

Only with ICAI approval

d)

Except where law restricts

72.

Contract of sale may be formed by:

a)

Writing only

b)

Oral only

c)

Writing/oral/implied

d)

None

73.

Present sale of future goods operates as:

a)

Sale

b)

Agreement to sell

c)

Void

d)

Bailment

74.

Goods stolen before contract — contract is:

a)

Valid

b)

Void

c)

Voidable

d)

Illegal

75.

“Specific goods may be future goods.”

a)

True

b)

False

76.

Document proving title but not transferring goods is:

a)

Bill of lading

b)

Dock warrant

c)

Share certificate

d)

Railway receipt

77.

Agreement to sell becomes sale when:

a)

Partial payment made

b)

Buyer inspects

c)

Condition fulfilled

d)

Goods dispatched

78.

Not essential for contract of sale:

a)

Two parties

b)

Ownership transfer

c)

Delivery

d)

Price

79.

Person cannot sell to himself because:

a)

Illegal

b)

Must be two parties

c)

Delivery impossible

d)

Price unclear

80.

Ownership without possession possible in:

a)

Bailment

b)

Hire purchase

c)

Sale

d)

Agreement to sell

81.

Possession without ownership occurs in:

a)

Sale

b)

Bailment

c)

Agreement to sell

d)

Both (b) and (c)

82.

Risk does NOT follow ownership when:

a)

Delivery delayed due to seller's fault

b)

Buyer delays payment

c)

Goods in transit

d)

Goods unascertained

83.

Buyer refuses delivery after ownership passes:

a)

Seller bears risk

b)

Buyer bears risk

c)

Carrier bears risk

d)

Warehouse bears risk

84.

Deliverable state means:

a)

Buyer must accept delivery

b)

Ownership passes automatically

c)

Price fixed

d)

Buyer can reject

85.

Warehouseman acknowledging holding for buyer:

a)

Actual

b)

Symbolic

c)

Constructive

d)

Partial

86.

Goods severed from land before sale are:

a)

Immovable

b)

Movable

c)

Void

d)

Others

87.

A agrees to sell goods only if supplier delivers. This is:

a)

Sale

b)

Contingent agreement

c)

Void

d)

Bailment

88.

Valuer dies before valuation:

a)

Void

b)

Voidable

c)

Valid

d)

Suspended

89.

Price not discussed:

a)

Void

b)

Valid with reasonable price

c)

Voidable

d)

No contract

90.

Pledgor holds:

a)

General property

b)

Special property

c)

No rights

d)

Partial interest

91.

Seller can resell goods under:

a)

Sale

b)

Agreement to sell

c)

Hire

d)

Bailment

92.

Hire purchaser paying 90% installments owns:

a)

Yes

b)

No

c)

Shares ownership

d)

Suspended ownership

93.

Buyer receiving goods must pay reasonable price when:

a)

Valuer fails

b)

Goods defective

c)

Payment unclear

d)

Delivery delayed

94.

Buyer insolvent after sale — official gets:

a)

Goods

b)

Price

c)

Nothing

d)

Damages

95.

Seller insolvent after sale — official gets:

a)

Goods

b)

Price from buyer

c)

Neither

d)

Goods + interest

96.

Barter is:

a)

Sale

b)

Not sale

c)

Agreement to sell

d)

None

97.

Valid price includes:

a)

Gold

b)

Silver

c)

Promise to pay money

d)

Goods

98.

Future goods can be sold:

a)

Yes

b)

No, only agreement to sell

c)

Only if priced

d)

Only if identified

99.

Goods perish after agreement before sale:

a)

Void under Section 8

b)

Seller liable

c)

Buyer liable

d)

Insurer liable

100.

Cargo ship sinks under agreement to sell:

a)

Buyer risk

b)

Seller risk

c)

Insurance

d)

None

101.

Conditional contract means:

a)

Invalid

b)

Needs writing

c)

Transfer depends on condition

d)

Buyer must accept

102.

Broker selling goods is:

a)

Mercantile agent

b)

Bailee

c)

Hirer

d)

Guarantor

103.

Bill of lading acts as:

a)

Document of title

b)

Contract evidence

c)

Receipt

d)

All

104.

Stock & shares are goods:

a)

Movable property

b)

Documents

c)

Money

d)

None

105.

Growing crops are goods when:

a)

Sold with land

b)

Sold after cutting

c)

Agreed to be severed

d)

Never

106.

Electricity classified as:

a)

Goods

b)

Service

c)

Immovable

d)

None

107.

Delivery order is:

a)

Document of title

b)

Invoice

c)

Payment slip

d)

Transport note

108.

Agreement to sell + time lapse =

a)

Sale

b)

Bailment

c)

Void

109.

Buyer refusing delivery without reason:

a)

Seller bears risk

b)

Buyer bears risk

c)

Rescission automatic

d)

Agent liable

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