MCQ for CA Foundation LAW - PART 1 - BUSINESS LAW - Chapter 2 THE SALE OF GOODS ACT, 1930

Sample Multiple Choice Questions (MCQ's) for CA Foundation - Paper 2 - Business Laws and Business Correspondence and Reporting - PART 1 - BUSINESS LAW - Chapter  2: THE SALE OF GOODS ACT, 1930 - For Practice relevant for Dec 22 and May/June 23 Examinations

Q:1  The Sale of Goods Act, 1930 came into force on

  1. 15th March, 1930.
  2. 1st July, 1930.
  3. 30th July, 1930.
  4. 30th June, 1930.

Answer: 2

Q:2  If X commissioned Y, an artist, to paint a portrait of A for 200 dollars & Y uses his own canvas & paint then it is

  1. Contract of sale.
  2. Contract of work & materials.
  3. Sale on approval.
  4. Hire-Purchase agreement.

Answer: 2

Q:3  Which of the following modes of delivery of goods is considered effective for a valid contract of sale?

  1. Actual delivery.
  2. symbolic delivery.
  3. Constructive delivery.
  4. all of these.

Answer: 4

Q:4  In a sale by sample and description, there is an implied condition

  1. That bulk of the goods correspond with the sample
  2. That bulk of goods must correspond to the description as well as the sample thereof
  3. The bulk of goods must correspond either to the description or to the sample
  4. The bulk of goods must correspond to the description only

Answer: 2

Q:5  Which of the following is true as regards delivery of goods in instalments as provided under Sale of Goods Act:

  1. The buyer is bound to accept the instalment deliveries only in case of perishable goods
  2. The buyer is bound to accept the instalment deliveries only in case of sale of goods by description
  3. The buyer is bound to accept the instalment deliveries only if agreed between the parties
  4. Delivery of goods can’t be made in instalments

Answer: 3

Q:6 Where in an auction sale notified with reserve price, the auctioneer mistakenly knocks down the goods for less than the reserve price, then the auctioneer is

  1. bound by auction.
  2. not bound by auction.
  3. liable for damages.
  4. both (a) and (c)

Answer: 2

 

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