Part One. Consider the Statement true only when it is absolutely true.

Write the
Letter only.
True or False
A. Both are True
B. Both are False
C. No.1 is True, No.2 is False
D. No.1 is False, No.2 is True
1. Statements
It is not essential to the validity of a resale that notice of the time and lace of
such resale should !e "iven !y the seller to the ori"inal !uyer.
It is not essential to the validity of resale that notice of an intention to resell the
"oods !e "iven !y the seller to the ori"inal !uyer.
A.
2. Statements
The unaid seller cannot directly or indirectly !uy the "oods in the e#ercise of the
ri"ht to resell.
The seller of "oods is deemed to !e an unaid seller $hen a !ill of e#chan"e or
other ne"otia!le instrument has !een received as conditional ayment.
C.
%. Statements
The unaid seller may e#ercise his ri"ht of stoa"e in transtiu !y o!tainin" actual
ossession of the "oods.
The unaid seller shall not !e lia!le to the ori"inal !uyer for any rofit made !y
the resale of the "oods.
A.
&. Statements
A lien on the "oods of the unaid seller of "oods can !e e#ercised even if he is in
ossession of them merely as a deository.
The remedies of the unaid seller of "oods can no lon"er !e invo'ed if o$nershi
in the "oods have assed already to the !uyer.
C.
(. Statements
The seller of "oods is deemed to !e an unaid seller $hen the $hole of the rice
has not !een aid.
The remedies of an unaid seller are alternative in character.
C.
Part Two: Multiple Choice. Choose the best answer. Write the Letter only.
). That the !uyer is insolvent is a re*uirement for the e#ercise of the+
a. A ri"ht to retain the "oods
b. A right o stopping the goods in transitu
c. A ri"ht of resale
d. A ri"ht to rescind the sale
e. A ri"ht to demand for the ayment of the unaid rice.
,. The unaid seller of "oods loses his lien , e#cet+
a. -hen he delivers the "oods to a carrier or other !ailee for the
urose of transmission to the !uyer $ithout reservin" the
o$nershi in the "oods or the ri"ht to the ossession thereof
!. -hen the !uyer or his a"ent la$fully o!tains ossession of the
"oods.
c. When he has obtained !udgment or decree or the price o the
goods.
d. By $aiver thereof
e. None of the A!ove
.. /oods are no lon"er in transit+
a. If the !uyer, or his a"ent in that !ehalf, o!tains delivery of the "oods
!efore their arrival at the aointed destination
!. If, after the arrival of the "oods at the aointed destination the
carrier or other !ailee ac'no$led"es to the !uyer or his a"ent that he
holds the "oods on his !ehalf and continues in ossession of them as
!ailee for the !uyer or his a"ent.
c. If the carrier or other !ailee $ron"fully refuses to deliver the "oods
to the !uyer or his a"ent in that !ehalf
d. All o the abo"e
e. None of the A!ove
0. An unaid seller cannot e#ercise the ri"ht to resell if+
a. The seller has parted possession o the goods
!. The "oods are of erisha!le nature
c. The seller e#ressly reserves the ri"ht of resale in case the !uyer
should ma'e default
d. The !uyer has !een in default in the ayment of the rice for an
unreasona!le time.
e. All of the a!ove
f. None of the a!ove
11. The unaid seller2s ri"ht of lien or stoa"e in transitu is not affected !y any
sale, or other disosition of the "oods $hich the !uyer may have made, unless+
a. The seller has arted ossession of the "oods
b. A negotiable document o title has been issued or goods# which
were sold to a purchaser or "alue in good aith to whom such
document has been negotiated
c. The "oods are of erisha!le nature
d. The seller e#ressly reserves the ri"ht of resale in case the !uyer
should ma'e default
e. The !uyer has !een in default in the ayment of the rice for an
unreasona!le fare.