CA Foundation Sale of Goods — Transfer of Ownership and Delivery — practice questions
26 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Foundation Sale of Goods — Transfer of Ownership and Delivery in the app →Under Section 26, as a general rule the risk of loss in goods:At an auction, the auctioneer's hammer damages an antique just before the bid is accepted. The loss falls on tUnder Section 18, in a contract for the sale of unascertained goods, property passes to the buyer:Under Section 19, in a sale of specific or ascertained goods, the property passes:Under Section 20, where there is an unconditional contract for specific goods in a deliverable state, the propUnder Section 21, where the seller is bound to do something to put specific goods into a deliverable state, thUnder Section 22, where specific goods are in a deliverable state but the seller must weigh, measure or test tUnder Section 23(2), where the seller delivers goods to a carrier for transmission to the buyer without reservUnder Section 24, in a sale on approval or 'sale or return', the property passes to the buyer when he signifieA delivers jewellery to B on 'sale or return'; B pledges it with C. The effect is that:Goods are delivered on 'sale for cash only or return' with an express term that they remain the seller's propeUnder Section 25, where the seller reserves the right of disposal until certain conditions are fulfilled, the The maxim 'Nemo dat quod non habet' (Section 27) means:B buys stolen goods in good faith from A, who is not the owner. As a general rule:A mercantile agent in possession of goods with the owner's consent sells them in the ordinary course of busineUnder Section 28, where one of several joint owners in sole possession (with the co-owners' consent) sells theUnder Section 29, a buyer from a seller who holds the goods under a contract voidable for fraud/coercion (not Under Section 30(1), where a seller who has sold goods continues in possession and resells them to a good-faitUnder Section 30(2), a buyer who, with the seller's consent, obtains possession before property passes and theWhere the true owner, by his conduct, is precluded from denying the seller's authority to sell, the buyer getsUnder Section 54(3), where an unpaid seller who has exercised his lien or stoppage in transit resells the goodUnder Section 2(2), 'delivery' of goods means:Under Section 26, where delivery has been delayed through the fault of one party, the goods are at the risk ofA hire-purchaser, who holds goods with only an option to buy, sells them before paying all instalments. The buUnder Section 25(2), where goods are deliverable to the order of the seller or his agent under a bill of ladinEven after risk in the goods has passed, the party in possession of the other's goods: