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PAPER 3: FUNDAMENTALS OF LAWS AND ETHICS 50_MCQ Part 12

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Question;1.;Section 19 of the Sale of Goods Act;deals with passingof propertyof?????.goods.;(a);UnascertainedGoods;(b);FutureGoods;(c);SpecificorAscertainedGoods;(d);ContingentGoods;2.;Inasaleofspecificorascertainedgoods,theproperty thereinistransferred tothebuyer?;(a) upondeliveryofgoods;(b) uponpaymentofprice;(c) atsuchtimeasthepartiesintendittohetransferred;(d) atsuchtimeasdecidedbytheCourt;3.;Thepropertyingoodsinacontract;forsaleofspecificorascertainedgoods,passestothebuyer;?;(a) whenthepriceispaid;(b) whenthecontractismade;(c) whenthepartiesintend;thepropertyingoodstopass;(d) alloftheabove;4.;Pledging ofgoods obtained;onsaleor;return basiswill;(a) completethesale;(b) notcomplete;thesale;(c);completeagreementtosell;(d);noneoftheabove;5.;Whichoneofthefollowing is;nottrue?;(a);Warehousekeeper'scertificateisadocument;oftitletogoods;(b);Documentshowingtitleisdifferentfromdocumentoftitle;(c);Specificgoodsareidentifiedafterthecontractofsale;(d);Barterandsalearedifferentfromeachother;6.;Voluntarytransferofpossessionfrom onepersontoanother;iscalledas;(a);Ownership;(b);Delivery;(c);Gift;(d);License;7.;Whichofthestatementisincorrect;inconnectionwithdutiesofsellerandbuyer;(a);Itisthedutyofthesellertodeliverthegoods;(b);Itisthedutyofthebuyertoacceptandpayforthem;(c);Itisnotthedutyofthesellertodeliver;thegoods;(d);Itisthedutyofthebuyertotakedelivery;ofgoods;8.;Deliveryofgoodsmeans-;(a);Voluntarytransferofpossession;(b);Compulsorytransferofpossession;(c);Exchangeofgoods;(d);Voluntarytransferofownership;9.;Foravalid contractofsale;deliverymaybe;(a);Actualdelivery;(b);Symbolicdelivery;(c);Constructivedelivery;(d);Allofthese;10.;Delivery;ofthekeysofa;godownwheregoodsarekeptamounts;to;(a);Actualdelivery;(b);Symbolicdelivery;(c);Constructivedelivery;(d);Allofthese;11.;Whichofthefollowingisaconstructivedelivery?;(a);Whenthesellerhandsoverthegoodsphysically;(b);Whenthe meansofobtainingpossessionishandedovertothebuyer;(c);Whenthereisdeliverybyattornment;(d);All theabove;12. There are???.modes of delivery;(a) Three;(b);Two;(c);Four;(d);Five;13. Unlessotherwiseagreed;(a);Deliveryofthegoodsandpaymentofthepriceareconcurrent conditions;(b);Firstdeliveryofgoodsandthenpayment;ofprice;(c);Firstpaymentofpriceandthendeliveryofgoods;(d);Nopaymentnodelivery;14.;Unlessotherwiseagreed,thebuyer-;(a);mustapplyfordelivery;(b);hasnodutytoaskfordelivery;(c);mustbereadytoacceptdelivery;(d);must;tellthecarriertovisitthesellerfordelivery;15.;Theplaceofdelivery canbe-;(a);Theplacewherethegoodsarelyingatthetimeofsale;(b);Theplacewheretheparties;haveagreed;(c);Theplacewherethegoodsaremanufactured;(d);All theabove;16.;Ifnotimeisfixed,theseller;mustsentthemwithin-;(a);Sixmonths;(b);Twomonths;(c);Reasonabletime;(d);Onemonth;17.;Whengoodsareinpossessionofthirdperson,delivery iscomplete;(a);Whensuchthirdpartyacknowledgestothebuyerthatheholdsthegoodsonhisbehalf;(b);Eventhoughsuchthirdpartydoesnotacknowledge;(c);Whenthephysicalpossessionofthegoodsisgiven;(d);Noneoftheabove;18.;Wherethepartdelivery;ismadeinprogress;ofthewholedelivery;then;(a);Itistreatedasdeliveryofthewhole;(b);Itistreatedasdeliveryofthepart;(c);Itisnottreated;as deliveryatall;(d);Noneofthese;19.;Unlessotherwiseagreed,theexpenses;ofmaking deliveryareborneby;(a);Thecarrier;(b);Thebuyer;(c);Theseller;(d);Theagent;20.;Ifthesellerdelivers;tothebuyergoodsorderedmixedwithgoodsofadifferent;description,thebuyer;may-;(a);rejectthewhole;(b);accepttheagreedgoodsandrejecttheremaininggoods;(c);either'a'or'b;(d);neither'a'nor'b;21.;Whichofthefollowingstatementsisincorrect?;(a);Unlessotherwiseagreed,thegoodsarenottobedeliveredby instalments.;(b) Thedeliveryofgoodstoacarrierorawharfingerinpursuanceofacontractofsale,isprimafaciedeemedtobedeliveryofgoodstobuyer.;(c);Forcemajeureclausegivesanexcusetothepartiesincaseofnon-performanceofcontract.;(d) Anyriskofdeterioration in thegoodsnecessarily;incidenttothecourseoftransitshallbebornebytheseller;22.;Wheregoodsaredelivered;tothebuyerand herefusestoacceptthem,having therightsotodo;(a);Thebuyerisnotboundtoreturn;themtotheseller;(b);Itissufficientifthebuyerintimates;tothesellerthatherefusestoacceptthem;(c);Itisdutyofasellertotakebackthegoods;(d);Allarecorrectstatements;23.;Incaseofcarriageofgoodsbysea,wherethesellerhastoputthegoodsonboardashipathisown expenses;the contractis knownas;(a);F.O.B.Contract;(b);CLEContract;(c);Ex-shipContract;(d);FASContract;24.;Theevents offorcemajeure render thecontractof'SaleofGoods;(a);voidable;(b);void;(c);enforceable;(d);unenforceable;25.;Incaseofcarriage;ofgoodsbysea,wherethesellerhastodeliverthegoodstothebuyerattheportofdestination,thecontractisknownas;(a);F.O.B.Contract;(b);CLEContract;(c);Ex-shipContract;(d);FASContract;26.;Undera?????contractthesellerisrequired;toinsurethegoods,deliverthemtotheshipping;company,andarrangefortheiraffreightment.;(a);F.O.B.Contract;(b);CLEContract;(c);Ex-shipContract;(d);FASContract;27.;Thegeneralprincipleregarding transferoftitleincaseofsaleofgoodsisthat?;(a);Thesellercannottransfertothebuyerabetter;titlethanhehimselfhas;(b);Thesellercantransfer;tothebuyerabettertitlethanhehimself;has;(c);Thebuyercantransfer;tothesellerabetter;titlethanhehimselfhas;(d);Theseller'srepresentativecantransfertothebuyernotitle;28.;TheSellerofGoodsisdeemedtobeanUnpaidSellerwhenthe????ofthepricehasnotbeenpaidortendered.;(a);whole;(b);part;(c);substantialportion;(d);minimalportion;29.;The Sellerof;Goodsis deemedto bean;UnpaidSeller whenabillofexchange;or;other negotiableinstrumenthas beenreceived;as conditionalpaymentand thecondition;?;(a);hasbeenfulfilled;(b);hasnotbeenfulfilled;(c);hasbeenwaived;(d);hasnotbewaived;30.;TheSellerofGoodsis deemedtobean Unpaid Sellerwhen??..hasbeenreceived;asconditionalpaymentandtheconditionhasnotbeen;fulfilled,byway ofdishonourorotherwise.;(a);Cheque;(b);PromissoryNote;(c);BillofExchange;(d);Anyoftheabove;31.;Theterm"UnpaidSeller"includes?;(a);AgentoftheBuyer;(b) AgentoftheSeller;(c);AgentoftheCarrier/Transporter;(d);Alloftheabove;32.;Theterm"UnpaidSeller" includes?;(a);Buyer'sagenttowhomthe Bill;ofLadingisendorsed;(b);Buyer'sagenttowhomthe;goodshavebeendelivered;(c);Seller'sagenttowhomtheBillofLading;isendorsed;(d);Seller'sagenttowhomthegoodshavebeendelivered;33.;Whichofthefollowingisnotincluded;inthetermUnpaidSeller?;(a);anypersonwhoisintheposition;ofaSeller;(b);aconsignororanagentwhohashimself paid,orisdirectly;responsiblefortheprice.;(c);Buyer'sagenttowhomthe Bill;ofLadingisendorsed;(d);Seller'sagenttowhomthegoods;havebeendelivered;34.;Evenifasubstantialportionofthepriceispaidandonlyasmallbalanceispending;theSellerisstillregardedasanUnpaidSeller.;(a);True;(b);PartlyTrue;(c);False;(d);Noneoftheabove;35.;UnpaidSellercanexercise;hisrightoflien?;(a);evenwhenpropertyingoodshaspassedtotheBuyer;(b);onlywhenproperty;ingoodshasnotpassedtotheBuyer;(c);either (a)or(b);(d);neither(a)nor (b);36.;UnpaidSellercanexercise;hisrightofstopping thegoodsintransit?;(a);evenwhenpropertyingoodshaspassedto theBuyer;(b);onlywhenproperty;ingoodshasnotpassedtotheBuyer;(c);either (a)or(b);(d);neither(a)nor (b);37.;UnpaidSellercanexercise;hisrightofre-saleofgoods?;(a);evenwhenpropertyingoodshaspassedtotheBuyer;(b);onlywhenproperty;ingoodshasnotpassedtotheBuyer;(c);either (a)or(b);(d);neither(a)nor (b);38.;UnpaidSellercanexercise;hisrightofwithholding delivery ofgoods?;(a);evenwhenpropertyingoodshaspassedtotheBuyer;(b);onlywhenproperty;ingoodshasnotpassedtotheBuyer;(c);either (a)or(b);(d);neither(a)nor (b);39.;Therightoflienisavailable;totheUnpaid;Seller,onlywhen?;(a);heisnotinpossessionofthegoods;(b);heisinpossessionofthegoods;(c);hehasdeliveredthegoodstotheCarrier/;Transporter;(d);hehasdeliveredthegoodstotheBuyer;40.;Therightoflienisavailable;totheUnpaid;Seller,u/s47oftheSaleofGoodsAct,whenheisinpossession ofgoods?;(a);asanagentoftheBuyer;(b);asaBaileeforthebuyer;(c);inhisownright;(d);alloftheabove;41.;Inwhichofthefollowingsituations,theright;oflienavailabletotheUnpaid;Sellerislost?;(a);WheretheGoodshavebeensoldwithoutanystipulationastocredit;(b) WheretheGoodshavebeensoldoncredit;butthecredit;periodhasexpired;(c);WheretheBuyerbecomesinsolvent;(d);WheretheUnpaid;Sellerhasparted;withthepossessionofthegoods.;42.;Oncepossessionislost,rightoflienoftheUnpaid;Sellerisalsolost.Thisstatement;is;(a);True;(b);PartlyTrue;(c);False;(d);Noneoftheabove;43.;WherethegoodshavebeendeliveredtoRailwaysforcarriage;andtheR/Ristakeninthenameoftheseller;orhisagent;(a);thesellerisprimafaciedeemed;toreservetherightofdisposal;(b);thesellerdidnotretaintherightof disposal;(c);thesellercannotretainrightofdisposal;(d);noneoftheabove;44.;When;thegoodshavebeensold on;creditand the creditperiod??.liencan he exercised;(a);hasnotexpired;(b);hasexpired;(c);hasnotbeenextended;(d);hasbeenextended;45.;Therightofliencanbeexercised;by the UnpaidSellerin respect;of?;(a);Price;(b);Anyotherexpenses,eg.GodownCharges,Interest,etc.;(c);Both (a)and;(b);(d);Either;(a)or(b);46.;TheUnpaidSeller????.todeliverapart oftheGoodsonpayment;ofa;proportionatepart ofthepricebytheBuyer.;(a);shallbebound;(b);mayrefuse;(c);musthonourhiscommitment;(d);shallrequestthecarrier;47.;Generally,whereanUnpaidSeller;hasmadepartdelivery;of;theGoods, he?;(a);mayexercisehisrightoflienontheremainder;(b);hastohonourtheentirecontract;(c);loseshislienontheremainderofthegoods;(d);cansupplydefectivegoodsinrespectoftheremainder;48.;Inwhichofthefollowingcases,theUnpaid;Sellerdoesnotlosehisrightoflien?;(a) WhenhedeliversthegoodstoacarrierorotherbaileeforthepurposeoftransmissiontotheBuyerwithout;reservingtherightofdisposal;(b);WhentheBuyer;orhisagentlawfullyobtainspossessionofthegoods;(c);WhenSellerhimselfwaivestherightof;lien;(d);WhenSellerobtainsadecree;forthepriceofthegoods;49.;WheretheUnpaid Seller;hasobtainedadecreeforthepriceof;thegoods,therightoflien?;(a);canbeexercised;(b);is lost;(c);isattheoptionoftheCourt;(d);isattheoptionoftheSeller;50.;WheretheUnpaidSellerhaspartedwiththegoodsbyhandingitovertoacarrierfortransmission,andthegoodsareintransit;hecanreclaimpossessionthereof.Thisrightiscalled;?;(a);RightofLien;(b);RightofStoppage;ofgoodsintransit;(c);Rightofwithholdingdeliveryofgoods;(d);RightofRe-sale

 

Paper#59040 | Written in 18-Jul-2015

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