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CA Foundation Sale of Goods — Formation of the Contract of Sale: related Businesslaw practice

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Businesslaw questions and exercises with answers

Showing questions 1–15 of 15.

The Sale of Goods Act, 1930 applies to contracts for the sale of:Read the answer and worked solution →Which of the following is NOT 'goods' under the Sale of Goods Act, 1930?Read the answer and worked solution →'Specific goods' under Section 2(14) are goods that are:Read the answer and worked solution →A wholesaler agrees to sell 50 bales out of 100 in his godown and sets those 50 aside. The 50 bales become:Read the answer and worked solution →A contract for the sale of 'future goods' (Section 2(6)) operates as:Read the answer and worked solution →Goods whose acquisition by the seller depends on an uncertain contingency (Section 6(2)) are 'contingent goods', and such a contract operates as:Read the answer and worked solution →In a 'sale' as opposed to an 'agreement to sell', the property in the goods passes to the buyer:Read the answer and worked solution →Under Section 2(2), 'delivery' means:Read the answer and worked solution →Handing over the keys of a warehouse containing the goods to the buyer is an example of:Read the answer and worked solution →Where a warehouseman holding the seller's goods acknowledges to the buyer that he now holds them on the buyer's behalf, this is:Read the answer and worked solution →Which of the following is a 'document of title to goods' under Section 2(4)?Read the answer and worked solution →When goods are pledged, the pawnee acquires a 'special property' while the pledgor retains the 'general property'. 'General property' means:Read the answer and worked solution →In a hire-purchase agreement (as distinguished from a sale), the position of the hirer until the last instalment is paid is that of:Read the answer and worked solution →Where gold is supplied to a goldsmith to make an ornament, or an artist is asked to paint a portrait, the contract is one of:Read the answer and worked solution →The Sale of Goods Act, 1930 came into force on:Read the answer and worked solution →

Worked practice questions

The Sale of Goods Act, 1930 applies to contracts for the sale of:

  1. All property including actionable claims
  2. Both movable and immovable property
  3. Immovable property only
  4. Movable property only
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Correct answer: D. Movable property only

The Act covers only movable property immovable property is governed by the Transfer of Property Act, 1882.

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Which of the following is NOT 'goods' under the Sale of Goods Act, 1930?

  1. Stock and shares
  2. A trademark
  3. A debt (actionable claim)
  4. Growing crops to be severed
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Correct answer: C. A debt (actionable claim)

A debt is an actionable claim, expressly excluded from the definition of goods trademarks, shares and severable crops are goods.

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'Specific goods' under Section 2(14) are goods that are:

  1. Defined only by description or sample
  2. Identified and agreed upon at the time the contract of sale is made
  3. Dependent on an uncertain event
  4. To be manufactured after the contract
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Correct answer: B. Identified and agreed upon at the time the contract of sale is made

Section 2(14) defines specific goods as those identified and agreed upon at the time of contracting.

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More Businesslaw topics

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