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PAPER 3: FUNDAMENTALS OF LAWS AND ETHICS 50_MCQ Part 11

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Question;1.;Undersection11 oftheSale;ofGoods Act,1930,thetimeofpaymentcanbeoftheessenceofthecontract?;(a) byagreementbetweentheparties;(b) byoperationoflaw;(c) both (a)and (b);(d) either (a)or(b);2.;Whetherornotanystipulationotherthantimeofpayment;isoftheessence;ofthecontractdepends upon?;(a) applicationofsection11;(b) operationoflaw;(c) termsofthecontract;(d) alloftheabove;3.;ThedoctrineofCaveat;emptorisnotapplicable;(a) incaseofsaleunderapatentname;(b) incaseofsaleunderatrade name;(c) wherethesellerisguiltyoffraud;(d) wherethebuyerreliesontheskillandjudgment;oftheseller;4.;Astipulationina contract;ofsalewhichiscollateraltothemainpurpose;ofcontractiscalledas;(a) guarantee;(b) warranty;(c) condition;(d);term;5.;Merchantablequalityofgoodsmeans;(a) thatthegoodsarecommerciallysaleable;(b) theyarefitforthepurpose;forwhichtheyaregenerallyused;(c) both'a'and'b;(d) thequalityshouldbe ofhighstandard;6.;Property;inthegoods;intheSaleofGoodsActmeans;(a);ownershipofgoods;(b);possessionofgoods;(c);assetinthegoods;(d);custodyofgoods;7.;Itisnecessarytodeterminetheprecisemomentoftimeatwhichtheownership;ofgoodspassesfromsellertothebuyerbecause;(a);riskpasseswithproperty;(b);actioncanbetakenonlybytheowner;(c);suitforpricebytheseller;doesnotlieunlesstheproperty;haspassedtothebuyer;(d);allthe above;8.;Whichofthefollowingisnottrue;(a);riskandownershipcannotbeseparated;(b);riskandownershipcanbeseparated;(c);partiesmayagreethatriskwillpasssometimesaftertheproperty;haspassed;(d);partiesmayagreethatriskwillpasssometimesbeforethe;propertyhaspassed;9.;Incaseofunascertainedgoods;thepropertyinthegoodspasses;(a);Whenthegoodsareascertained;(b);Whenthegoodsareappropriated;(c);Both'a'and'b;(d);Either'a'or'b;10.;Incaseofappropriationofgoods;whicharetheessential;requirements;(a);Thegoodsshouldconfirmtothedescriptionandqualitystatedinthecontract.;(b);Thegoods mustbeinadeliverablestate.;(c);Theappropriationmustbebythesellerwiththeassent;ofthebuyer.;(d);All theabove;11.;Appropriationofgoodsmeans;(a) separatingthegoodssoldfromothergoods;(b);puttingthequantityofgoodssoldinsuitable;receptacles;(c);deliveringthegoodstothecarrierorotherbaileeforthepurposeoftransmissiontothebuyerwithreserving;therightofdisposal;(d);alltheabove;12.;Incaseofcontract;forthesaleofspecificorascertainedgoodstheproperty;ingoodspassestothebuyer;(a);Atsuchtimeasthepartiestothecontract;intendittobetransferred;(b);Whentheprice;ispaid;(c);Whendeliveryisgiven;(d);Whenthecontractismade;13.;For the purpose of;ascertaining the intention oftheparties;for thepurpose of transfer of property ingoodsfrom thesellertothebuyerregard shallbehadto;(a);Thetermsofthecontract;(b);Theconductoftheparties;(c) Thecircumstancesofthecase;(d);All theabove;14.;Incaseofanunconditional;contractforthesaleof;specificgoods in a deliverable;state, theprop-ertyinthegoodspasses;(a);Atsuchtimeasthepartiestothecontractintendittobetransferred;(b);Whentheprice;ispaid;(c);Whendeliveryisgiven;(d);Whenthecontractismade;15.;Theownershipinspecific;goodstobeputindeliverablestatepasses-;(a) Whenthesellerhasbroughtthegoodsintoadeliverablestateandthebuyerhasnoticethereof;(b);Whenthegoodsarebrought;indeliverablestatebytheseller;(c);Thecontractismade;(d);Whentheintention;isclear;16.;ThegeneralruleofSaleofGoodsActis,risk primafaciepasses;with;(a);Ownership;(b);Possession;(c);Delivery;(d);Custody;17.;Forpassing ofpropertyingoods,thegoodsmustbein;(a) deliverablestate;(b);manufacturingstage;(c);consumablestate;(d);marketingstate;18.;Thepurposeofweighing;measuringortestingofgoodsinacontractofsaleofspecific;goodsindeliverablestateis;(a);Toascertaintheprice;(b);Toascertainthetimeofdelivery;(c);Toascertainthemodeofdelivery;(d);Todispatchthegoods;19.;Whenthegoodsaresentonsaleorreturnbasis;thepropertyinthegoods;passestothebuyer;(a);Whenthebuyersignifieshisapproval;oracceptancetotheseller;(b);Whenthebuyerpledgesthegoods;(c);Whenthebuyerresellsthegoods;(d);All theabove;20.;Reserving;therightof disposalofgoodsmeans;(a);Thepropertypassesovertothebuyeronlywhenthebuyerpaystheprice;(b);Thepropertypassestothebuyerwhenthebuyerpromisestopaytheprice;(c);Thepropertypassestothebuyerirrespectiveofpaymentofprice;(d);Thepropertypassestothebuyer,whenthesellerdies;21.;Asellersendsthegoodsandtakestherailwayreceiptinhisownnameatthebuyer's;placetheseller;has-;(a);Reservedtherightofdisposal;ofgoods;(b);Notreservedtherightofdisposalofgoods;(c);Mayreservetherightofdisposalofgoods;(d);Thequestionofreserving;therightofdisposaldoesnotarise;22.;Nemodatquad;nonhabet",means;(a) nooneisgreaterthangod;(b);nonecangivewhodoesnothimselfpossess;(c);everyonecangiveeverythinghehas;(d);everyoneisboundbyishabit;23.;Saleofgoodsbyamercantileagentgivesagoodtitletothepurchaserevenincaseswherethe;agentactsbeyondhisauthority,provided;thefollowingconditionsaresatisfied-;(a);Theagentisinpossessionofthegoodsorofadocumentoftitletothegoods.;(b);Theagentsellsthegoodsintheordinary;coursebusiness.;(c);Thepurchaseractsingoodfaithandhasnonotice;thattheagenthadnoauthority;tosell.;(d);All theabove;24.;Inrespectof?????Goods,thepropertyinthegoodsistransferredtotheBuyeratsuchtimeasthepartiesintendittobetransferred.;(a);Future;(b);Unascertained;(c);Contingent;(d);SpecificorAscertained;25.;Whichofthefollowingisrelevant;fordeterminingthepassing;ofpropertyinascertainedgoods?;(a);IntentionofParties;(b);DeliveryofGoods;(c);PaymentofPrice;(d);Alloftheabove;26.;Forpassingofproperty;in respectof;specific or ascertained goods, the intention ofthe;partiescanbeascertainedfrom?;(a);Termsofthecontract;(b);Conductoftheparties;(c);Circumstancesofthecase;(d);Alloftheabove;27.;Theruleastopassingofpropertyaslaiddowninsection20oftheSaleofGoodsAct,shallapplywhen?;(a);thetimeofpayment;ofpriceispostponed;(b);thetimeofdelivery;ofthegoodsispostponed;(c);eventhetimeofpayment;ofpriceandthetimeofdelivery;ofthegoodsarebothpostponed;(d);neitherthetimeofpayment;ofpricenorthetimeofdelivery;ofthegoodsispostponed;28.;UndertheSaleofGoodsAct,1930,theterm"MercantileAgent"meansamercantileagent,havingassuchagent;authority to?;(a);sellgoodsorconsigngoodsforthepurposesofsale;(b);buygoods;(c);raisemoneyonthesecurity;ofgoods;(d);doallofthe above;29.;UndertheSaleofGoods Act,1930,"MercantileAgent"should;haveauthority?;(a);inthecustomarycourseofbusinessassuchagent;(b);asspecifiedinthecontract;ofagency;(c);asspecifiedby the Buyer;(d);asspecifiedby the Seller;30.;Thedefinitionof"Documents;oftitletogoods"givenintheSaleofGoodsAct,is?;(a);exhaustive;(b);inclusive;(c);exclusive;(d);notclear;31.;Transferofdocumentsoftitletothegoodssold;tothebuyer,amountsto;(a);actualdelivery;(b);symbolicdelivery;(c);constructivedelivery;(d);noneofthese;32.;UnderSec.2(4)oftheSaleofGoodsAct,adelivery;orderenablingapersontoobtaindeliveryonpayment;ofpriceis;(a);DeemedasaDocument;ofTitle;(b);NotaDocumentofTitle;(c) DocumentenablingtitletoGoods;(d);Notavaliddocument;atall;33.;ADocumentofTitletoGoodsenablesthepersonnamed;thereintotransfer;theproperty therein;(a);bymereendorsement;(b);bymeredelivery;(c);both (a)and;(b);(d);either (a)or(b);34.;AShareCertificateisa?;(a);DocumentofTitletoGoods;(b);BillofExchange;(c);DocumentShowingTitletoGoods;(d);InstrumentofTransfer;35.;ABillof Lading isa?;(a) BillofExchange;(b);PromissoryNote;(c);Cheque;(d);DocumentofTitletoGoods;36.;Whenabillofexchange;insenttogetherwithdocuments;oftitle,thepropertyingoodspasseswhenthe buyer.;(a) ReceivestheBillofExchange;(b) ReturnstheBillofExchange;(c) AcceptstheBillofExchange;(d) Noneofthese;37.;APromissory NoteisNOTaDocumentofTitletoGoods.;(a);True;(b);False;(c);PartlyTrue;(d);ConditionallyTrue;38.;AMate's Receipt(givenBy;theServant/Mateof;the Captainofa Ship)isa?;(a);DocumentofTitletoGoods;(b);DocumentshowingTitletoGoods;(c);Acknowledgementforreceipt;ofGoods;(d);instrumentofTransfer;39.;Warehouse-Keeper's;Certificate"isadocumentoftitleto'goods'withinthemeaningofsection2(4)oftheSaleofGoodsAct.;(a) True;(b);False;(c);PartlyTrue;(d);ConditionallyTrue;40.;Whichof theseisa Document;of TitletoGoods?;(a);UsancePromissoryNote;(b);InternationalBillofExchange;(c);BillofLading;(d);AccountPayeeCrossedCheque;41.;Whichof theseisNOTa DocumentofTitletoGoods?;(a);BillofLading;(b);RailwayReceipt;(c);DockWarrant;(d);BearerCheque;42.;DockWarrantisa;(a) DocumentshowingtitletoGoods.;(b);DocumentofTitletoGoods;(c);BillofExchange;(d);WarrantforArrestofaPerson;43.;Theterm "Quality of;Goods"insection2(12)of;theSaleofGoodsAct,has;a referenceto?;(a);Description;(b);Fitnessforaparticularpurpose;(c);Stateorcondition;(d);Noneoftheabove;44.;Incase;of???..goods,propertypasses to the;Buyer, onlywhen thegoods areascertained.;(a);Future;(b);Specific;(c);Contingent;(d);Unascertained;45.;Where there isacontract;for the sale of??????..goods,no propertyin the goods is;transferredtotheBuyer,unlessanduntilthegoodsareascertained.;(a);Future;(b);Unascertained;(c);Contingent;(d);Specific;46. Fortransfer;ofpropertyinunascertainedgoods,thebasicconditionisthat?;(a);Goods mustbeascertainedandappropriated.;(b);Goods mustbedefinedbydescription.;(c);Buyermustreceiveasampleofthegoods;(d);Sellermusthaveproduced/purchasedthegoods;47.;Theproperty,incaseofsaleofunascertainedgoods,passeswhen?;(a);DeliveryOrderisentered;(b);Goodsareidentifiedandappropriatedtothecontract;(c);Goodsaresofarascertainedthattheparties haveagreedthattheyshallbetakenfromsomespecificlargerstock.;(d);Transferismadeinthebooksofthewarehouse;man;48.;Incaseofsaleofunascertained;goods,thepropertyingoodspasses?;(a);whenthecontractprovidesthattheproperty;ingoodsshallpass;(b);whenthegoodsareascertained;(c);whenthecontractis made;(d);alloftheabove;49.;Therewasacontract;tosupply"wastecoalandashforthenextsixmonths;asandwhenthewasteisgeneratedbytheSeller'sFactory".TheBuyerpaidthelumpsum;priceforthenextsixmonthsin;advance.When does the propertyinthegoodspass;tothe Buyer?;(a);Afterthelapseofsixmonthsperiod;(b);At thetimeofentering;intothecontract;(c);At thetimeofpaying;advancemoney;(d);As andwhentheFactorydischargesthewaste;50.;Theprocessofidentifyingthegoods and;settingapartaspertheintendedqualityordescriptioniscalled?;(a);Identification;(b);Procurement;(c);Ascertainment;(d);Allocation

 

Paper#59039 | Written in 18-Jul-2015

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