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12th Standard English Medium Commerce Subject The Sale of Goods Act, 1930 Book Back 1 Mark Questions with Solution Part - I

12th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 5

    Part I

    5 x 1 = 5
  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)

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