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12th Standard Commerce The Sale of Goods Act 1930 English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

12th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. 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

  2. In case of the sale, the __ has the right to sell

    (a)

    Buyer

    (b)

    Seller

    (c)

    Hirer

    (d)

    Consignee

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

    (a)

    Agreement

    (b)

    Contract

    (c)

    Order

    (d)

    Obligation

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

    (a)

    Warranty

    (b)

    Condition

    (c)

    Right

    (d)

    Agreement

  5. 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)

  6. The term ____________ is also used as similar in meaning to specific goods.

    (a)

    Generic goods

    (b)

    Specific goods

    (c)

    Ascertained goods

    (d)

    Future goods

  7. _______________ is of secondary importance to the contract.

    (a)

    Warranty

    (b)

    Condition

    (c)

    Quite Possession

    (d)

    Agreement

  8. ______________ is a stipulation which is collateral to purpose of contract.

    (a)

    Condition

    (b)

    Warranty

    (c)

    Guaranty

    (d)

    Collateral contract

  9. Sale under sale of goods Act is/an _________________ contract.

    (a)

    Executory

    (b)

    Executable

    (c)

    Executed

    (d)

    None of these

  10. Ascertained goods is otherwise called as _____________ goods.

    (a)

    specific

    (b)

    generic

    (c)

    future

    (d)

    None of the above

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TN 12th Standard Commerce free Online practice tests

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