Sale of Goods Act was passed in the year _____.

(a)

1940

(b)

1997

(c)

1930

(d)

1960

Which of the below constitutes the essential element of contract of sale?

(a)

Two parties

(b)

Transfer of property

(c)

Price

(d)

All of the above

Which of the below is not a good? 

(a)

Stocks

(b)

Dividend due

(c)

Crops

(d)

Water

In case of the sale, the ______ has the right to sell.

(a)

Buyer

(b)

Seller

(c)

Hirer

(d)

Consignee

The property in the goods means the _______.

(a)

Possession of goods

(b)

Custody of goods

(c)

Ownership of goods

(d)

Both (a) and (b)

Specific goods denote goods identified upon the time of___________ of sale.

(a)

Agreement

(b)

Contract

(c)

Order

(d)

Obligation

In which of the following types, the ownership is immediately transferred to buyer ?

(a)

When goods are ascertained

(b)

When goods are appropriate

(c)

Delivery to the carrier

(d)

Sale or return basis

____ is a stipulation which is collateral to main purpose of contract.

(a)

Warranty

(b)

Condition

(c)

Right

(d)

Agreement

Unpaid seller can exercise his right of lien over the goods, where he is in possession of the goods as

(a)

Owner of goods

(b)

Agent of buyer

(c)

Bailee for buyer

(d)

All of these

The unpaid seller can exercise his right of stoppage of goods in transit where the buyer.

(a)

Becomes insolvent

(b)

Refuses to pay price

(c)

Payment of price

(d)

Both (b) and (c)