1) The Sale of Goods Act, 1930 came in to force

a) September 1, 1930
b) July 1, 1930
c) July 1, 1931
d) Dec 1, 1930

2) The parties making a contract of sale

a) Have to follow the provisions of the Sale of Goods Acts
b) Can modify and provision of this Act by express stipulation
c) Have to remain with in the purview of this Act
d) Can go beyond the purview of this

3) Definition of contract of sale is given, under

a) Section 4 of the Act
b) Section 4 (i) of the Act
c) Section 4 (a) of the Act
d) Section 4 (b) of the Act

4) The Contract of Sale is made

a) For transferring ownership of goods
b) For transferring physical possession of goods
c) For A and B
d) For A only

5) The contract of sale, consideration may be given, in the form of

a) Money only
b) Goods only
c) Cheque only
d) Partly in money and partly in goods of the value

6) Contract of sale is a generic term, which includes

a) Actual sale
b) An agreement to sell
c) Future sale
d) A&B

7) Which one is the most essential condition in a contract of sale

a) Payment of price
b) Delivery of goods
c) Transfer of ownership
d) Offer and acceptance

8) Contract of sale may be

a) Absolute
b) Conditional
c) Either a or b
d) Contingent

9) The subject matter of a contract of sale does not include

a) Shares and debentures
b) Agricultural land
c) Agricultural crops
d) Stock of goods
10) Contract of sale cannot be made for
a) Agriculture crops
b) Electricity plant
c) Shares and Debentures
d) Electricity

11) In a contract of sale

a) Property in goods is transferred
b) Special property in goods is transferred
c) General property in goods is transferred
d) Either a & c

12) Contract of sale may be

a) Execute contract
b) Executory contract
c) Either executed or excutory
d) Future contract

13) Which of the following statements, in connection with contract of sale is correct
a) There may be immediate delivery of goods
b) Delivery or payment both may be made at some future date
c) There may be immediate delivery of goods and immediate payment of price
d) All a, b & c

14) In a sale, the buyer gets the rights of

a) Jus in rem
b) Jus in personam
c) Right against the seller only
d) Right against particular individual

15) In a sale, the buyer gets the right of

a) At the time of making contract
b) At the some future date
c) At the time when, buyer and seller are intended
d) A and c

16) Seller can file suit against the buyer for the payment of price
a) When the goods have been delivered to the buyer
b) When the ownership of goods has been transferred to the buyer
c) Buyer refuses to pay the price
d) When the goods are lying with the seller

17) Sale is also known as

a) Absolute sale
b) Conditional Sale
c) Contingent sale
d) All of the above

18) What is common between contract of sale and Bailment

a) Transfer of ownership
b) Both are species of general contract
c) Payment of price
d) Right of the parties

19) The provisions of the Sale of Goods Act are applicable

a) Only in a contract of sale
b) In a hire purchase of goods
c) In a contract for work and material
d) In a & b
20) Specific goods are those goods
a) Which have been agreed upon?
b) Which have been identified at the time of making contract?
c) Which are been separated out from the rest of the goods
d) Which have been identified clearly and separated from the lot

21) Sale can be made only for

a) Specific goods
b) Future
c) Contingent goods
d) All above

22) Which one of the following statements is not correct?

a) Rare coin can be a subject matter of a contract of sale
b) Future goods may be subject matter of sale
c) In case of hire-purchase agreement, the hirer has a option to buy or refuse to buy in a sale
d) In a sale if the goods are destroyed, the loss will fall on buyer

23) In a sale on approval basis, the buyer becomes owner if

a) He has rejected the goods and he has not informed the seller
b) He has not returned the goods till the expiration of reasonable period of time
c) He informed the seller regarding rejection of goods
d) A&B

24) Condition is a stipulation or statement

a) Which is desirable for the contract of sale
b) Which is essential for the main purpose of contract of sale
c) Which is an absolute statement for the contract of sale
d) Which is provides basic support to a contract of sale

25) Condition is a stipulation or statement

a) Which is desirable for the contract of sale
b) Which is essential for the main purpose of contract of sale
c) Which is an absolute statement for the contract of sale
d) Which provides basic support to a contract of sale