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Sale of Goods Act MCQs With Answers

The Sale of Goods Act, 1930 governs transactions involving movable property and includes both sales and agreements to sell. Key principles include the immediate transfer of ownership upon sale, classification of goods into existing, future, and contingent categories, and the buyer's responsibility to be aware of the goods purchased. Additionally, the act outlines the rights of unpaid sellers and the implications of goods perishing before a contract is made.

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1K views2 pages

Sale of Goods Act MCQs With Answers

The Sale of Goods Act, 1930 governs transactions involving movable property and includes both sales and agreements to sell. Key principles include the immediate transfer of ownership upon sale, classification of goods into existing, future, and contingent categories, and the buyer's responsibility to be aware of the goods purchased. Additionally, the act outlines the rights of unpaid sellers and the implications of goods perishing before a contract is made.

Uploaded by

swastikagrawal707
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Sale of Goods Act, 1930 - MCQs

1. The Sale of Goods Act, 1930 applies to:


A) Immovable property only
B) Movable property only
C) Both movable and immovable property
D) All types of goods and services
Answer: B) Movable property only

2. A contract of sale of goods includes:


A) Sale only
B) Agreement to sell only
C) Both sale and agreement to sell
D) Neither sale nor agreement to sell
Answer: C) Both sale and agreement to sell

3. When the ownership of goods is transferred immediately from seller to buyer, it is called:
A) Agreement to sell
B) Sale
C) Hire-purchase
D) Pledge
Answer: B) Sale

4. Under the Sale of Goods Act, 1930, goods are classified into:
A) Existing goods only
B) Future goods only
C) Contingent goods only
D) Existing, future, and contingent goods
Answer: D) Existing, future, and contingent goods

5. In a contract of sale, when the goods are in possession of a third party, the ownership is transferred to the
buyer when:
A) Goods are physically delivered to the buyer
B) Buyer pays the price in full
C) Third party acknowledges that goods belong to the buyer
D) Seller informs the buyer about the goods
Answer: C) Third party acknowledges that goods belong to the buyer

6. The principle of 'Caveat Emptor' under the Sale of Goods Act means:
Sale of Goods Act, 1930 - MCQs

A) Seller should be careful while selling goods


B) Buyer should be aware while purchasing goods
C) Both buyer and seller should be careful
D) Government regulates all sales
Answer: B) Buyer should be aware while purchasing goods

7. If the goods perished before the contract is made, the contract is:
A) Void
B) Valid
C) Voidable
D) Illegal
Answer: A) Void

8. In a sale, the risk of loss is borne by:


A) Buyer
B) Seller
C) Government
D) Transporter
Answer: A) Buyer (once ownership is transferred)

9. If a seller delivers goods of higher quality than agreed upon, the buyer can:
A) Accept all the goods
B) Reject all the goods
C) Accept the goods that match the contract and reject the rest
D) All of the above
Answer: D) All of the above

10. When an unpaid seller retains possession of goods until payment is made, it is called:
A) Right to resale
B) Right of lien
C) Right to stoppage in transit
D) Right of repudiation
Answer: B) Right of lien

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