Description : Section 4, of the Sale of Goods Act 1930, deals with A. Sale B. Agreement to sell C. Both (a) and (b) D. None of above
Last Answer : C. Both (a) and (b)
Description : The term condition is defined in which of the following Section of the Sale of Goods Act. 1930? A. Section 12 (1) B. Section 12 (2) C. Section 12 (3) D. Section 12 (4)
Last Answer : B. Section 12 (2)
Description : Section 2, sub-section______, of the Sale of Goods Act, 1930 defines "Goods" A. 5 B. 7 C. 6 D. None of above
Last Answer : D. None of above
Description : As per the doctrine of caveat emptor incorporated in Section 16, there is no implied conditions or warranty in a contract of sale as to the A. Merchantability. B. Wholesomeness. C. Quality or fitness for buyer's purpose. D. None of these.
Last Answer : C. Quality or fitness for buyer's purpose.
Description : When a person sells the goods by infringing the copying or trademark of the others, there is breach of an implied. A. Condition as to title B. Condition as to description C. Conditions as to merchantability D. None of these
Last Answer : A. Condition as to title
Description : As per section 2(12), of the Sale of Goods Act, quality of goods includes A. State of goods B. Conditions of goods C. Both (a) and (b) D. None of above
Description : According to implied ' warranty as to quiet possession' it is presumed that the buyer shall have the A. Peaceful possession of the goods. B. Right to use the goods as an owner. C. Both D. None of these
Last Answer : C. Both
Description : Where a contract has to be inferred from the conduct of parties, it is called A. Express contract. B. Implied contract. C. Tacit contract. D. Unlawful contract
Last Answer : B. Implied contract.
Description : Where the goods are sold by description, there is an implied condition that the goods shall A. Be fit for buyer's purpose B. Free from any defects C. Correspond with the description D. Free form any encumbrance
Last Answer : C. Correspond with the description
Description : The sale of goods act 1930 deals with the a) movable goods only b)period of contract c) immovable goods d)none of the above
Last Answer : a) movable goods only
Description : Drawing cash from ATM, sale by fall of hammer at an auction sale, etc., are example of (a) express contract. (b) implied contract. (c) tacit contract. (d) unlawful contract.
Last Answer : (b) implied contract.
Description : A stipulation in contract of sale with reference to goods which are the subject there of may be A. A condition B. A warranty C. Both (a) and (b) D. None of above
Description : In case of ‘sale or return’ the buyer is deemed to have accepted the goods when: A. He does not intimate to the seller that he has rejected them B. He retains without intimating the seller that he has rejected them C. He rejects the goods but does not intimate the seller D. He pledges the goods
Last Answer : A. He does not intimate to the seller that he has rejected them
Description : Where an unpaid seller has made part delivery of the goods he may exercise his Right of _______ A. Return of remaining goods B. Lien on the remaining goods C. Sale to any other person D. None of above
Last Answer : B. Lien on the remaining goods
Description : The agent having in customary course of business as such agent authority either to sell goods or to consign goods for the purpose of sale or to buy goods or to raise money on the security of goods is called A. Agent B. Mercantile agent C. Partner D. None of above
Last Answer : B. Mercantile agent
Description : Where the transfer of the property in the goods is to take place at a future time or subject to some condition, then such contract is called: A. An agreement to sell B. A contract to Sale C. Future Contract D. Conditional contract
Last Answer : A. An agreement to sell
Description : The goods identified and agreed upon at the time a contract of sale is made are called A. Ordinary goods B. Specified goods C. Scheduled goods D. None of above
Last Answer : B. Specified goods
Description : A sold a stolen car to B which was subsequently recovered by the police form B's possession and he (B) was forced to return the same to the true owner. Here, there is breach of implied condition as to A. Merchantability B. Fitness for buyer's purpose C. Title D. None of these
Last Answer : C. Title
Description : which of the following is not an implied conditions in a contract of sale? a) condition as to description b)condition as to title c) condition as to free from encumbrance d)condition as to sample
Last Answer : c) condition as to free from encumbrance
Description : As per section 2(8), of the Sales of Goods Act, insolvent means a person A. Who has ceased to pay his debts in the ordinary course of business B. Or cannot pay his debts as they become due C. Both (a) and (b) D. None of above
Description : As per section 2(1)(j) of Consumer Protection Act 1986, 'manufacturer' means a person who (i) makes or manufactures any goods or part thereof (ii) does not make or manufacture any goods but assembles parts thereof made or manufactured by ... B. (i) & (iii) C. (ii) & (ii) D. (i), (ii) & (iii)
Last Answer : D. (i), (ii) & (iii)
Description : Thomas Jefferson’s belief that government can do only what the Constitution specifically says is known as loose construction. implied powers. necessary and proper powers. express powers.?
Last Answer : Implied Powers
Description : Partnership may come into existence by– (A) The operation of law (B) An express agreement only (C) An express or implied agreement only (D) Inheritance of property
Last Answer : Answer: An express or implied agreement only
Description : An unpaid seller is having rights against A. Goods only B. The buyer only C. Both goods and buyer D. None of the above
Last Answer : C. Both goods and buyer
Description : As is Sale, no Warranties?
Last Answer : As is Sale, no Warranties(Download)To: ______________________Regarding: _____________________________________Dated: _______________These goods are sold AS IS, WHERE IS, and WITHOUT UCC WARRANTY of any kind whatsoever. There ... you in its preparation. This form should be used for all one time, “As
Description : Are there warranties available for cheap cars for sale?
Last Answer : If you would like a warranty on a used car you will need to purchase a certified used car. Normally these cars have good warranties (especially Honda) and are not expensive. Another way to do this is buying from Carmax. Their MaxCare warranty on used cars is great and the prices are great as well.
Description : Express contract means a contract made by A. words either spoken or written. B. documents. C. both words and documents. D. all of the above.
Last Answer : D. all of the above.
Description : The major type(s) of standard warranty(ies) that are used in the business environment is(are): 1. express 2. implied 3. negotiated 4. a and b
Last Answer : 4. a and b
Description : Management assertions are a. Stated in the footnotes to the financial statements. b. Provided to the auditor in the assertions letter, but are not disclosed in the financial ... the accounts in the financial statements. d. Explicitly expressed representations about the financial statements
Last Answer : Implied or express representations about the accounts in the financial statements.
Description : A ______ is a contract to person the promise or to discharge a liability of a third person in case of his default. a) Contract of indemnity b) contract of guarantee c) Implied contract d) express contract
Last Answer : b) contract of guarantee
Description : Offer implied from conduct of parties or from circumstances of the case is called ........... (a) Implied offer (b) Express offer (c) General offer (d) Specific offer
Last Answer : (a) Implied offer
Description : An offer made by words spoken or written is called: (a) Implied offer (b) Express offer (c) Formal agreement (d) Informal agreement
Last Answer : (b) Express offer
Description : ……………… is made by words written. (a) Express contract (b) Implied contract (c) Tacit contract (d) Unlawful contract
Last Answer : (a) Express contract
Description : Percentage of Earth surface which is covered by oceans and seas is A. 50% B. 65% C. 85% D. 97%
Last Answer : D. 97%
Description : Percentage of surface of Earth which is covered by water is A. 70% B. 85% C. 90% D. 60%
Last Answer : A. 70%
Description : With regard to the WTO, subsidies are covered in two separate international economic law agreements. Which are they? A. The GATT and the Agreement on Subsidies and Countervailing Measures B. ... D. The International Monetary Fund's Articles of Agreement and the European Central Bank's Statute.
Last Answer : A. The GATT and the Agreement on Subsidies and Countervailing Measures
Description : Karen is studying the potential for selling her company's products in China. As part of her analysis, she is assessing the number, types and availability of wholesalers and retailers. Karen is ... C. Social and cultural norms D. Distribution structure E. Legal and political constraints
Last Answer : D. Distribution structure
Description : Representation of contract for the main purpose are called a) warranties b)conditions c) agreements d)members
Last Answer : b)conditions
Description : . If the actual rate of unemployment exceeds to natural rate of unemployment then: A. Actual output of the economy will fall below its potential B. Production will increase more than potential C. Consumption of goods decreases D. Both (a) and (c) above.
Last Answer : D. Both
Description : In case of an agreement to sell, action against a third party for damaging the goods can be taken by: A. The seller B. The buyer C. Both D. None
Last Answer : A. The seller
Description : As per section 2, sub section 7 every kind of moveable property other than actionable Claim and money is called A. Goods B. Future goods C. Both (a) and (b) D. None of above
Last Answer : A. Goods
Description : How does the Equal Credit Opportunity Act warranties fairness?
Last Answer : Need answer
Description : ______ is prepared for single level of activity and single set of business conditions. A. Fixed budget B. Flexible budget C. Both a and b D. None of the above
Last Answer : A. Fixed budget
Description : National Income ignores: A. Sales of a firm B. Salary of Employees C. Exports of the IT Sector D. Sale of land
Last Answer : D. Sale of land