Q80. In a sale of _________.goods, the property in them is transferred to the buyer at such times as the parties to the contract intend it to be transferred.
a. specific
b. owner
c. factor
Answer
a. specific
Q81. Section 27 lays down a general rule as to transfer of title, that is, it is only the _________of goods who can transfer a good title.
a. owner
b. factor
c. voluntary
Answer
a. owner
Q82. A person who, in good faith, buys goods from a _________or an auctioneer will get a good title to them, even though the seller has exceeded the authority.
a. factor
b. voluntary
c. None of these
Answer
a. factor
Q83. Delivery is defined as a _________transfer of possession from one person to another.
a. voluntary
b. C. I. F contract
c. insolvent
Answer
a. voluntary
Q84. A _________is a contract for the sale of insured goods, lost or not lost, to be implemented by the transfer of certain documents.
a. voluntary
b. C. I. F contract
c. insolvent
Answer
b. C. I. F contract
Q85. The right of stoppage in transit is earned only where the right of lien is lost and is available only where the buyer has become_________
a. C. I. F contract
b. insolvent
c. measure of damages
Answer
b. insolvent
Q86. The _________in case of resale is the difference in the contract price and the price realised on such resale plus the expenses of resale.
a. insolvent
b. measure of damages
c. refund of price
Answer
b. measure of damages
Q87. The buyer is entitled to_________, if already paid, in all cases of non-delivery.
a. refund of price
b. specific
c. three times
Answer
a. refund of price
Q88. Section 58 provides that in a contract of sale of _________.goods, if the seller fails to deliver the goods, the buyer may file a suit for specific performance.
a. specific
b. three times
c. voidable
Answer
a. specific
Q89. At an auction, the sale is complete when the auctioneer announces its completion by the fall of the hammer or; until such completion any bidder may withdraw his bid, It is called the practice to say _________
a. three times
b. voidable
c. let the buyer beware
Answer
a. three times
Q90. In the case of sale by auction, if the seller makes use of pretended bidding to raise the price, sale is _________at the option of the buyer.
a. voidable
b. let the buyer beware
c. fraud
Answer
a. voidable
Q91. Doctrine of caveat emptor which is a fundamental principle of the law of sale of goods means _________
a. let the buyer beware
b. fraud
c. valid contract
Answer
a. let the buyer beware
Q92. The rule of Caveat emptor does not apply where the consent of the buyer, in a contract of sale, is obtained by the seller by _________or where the seller actively conceals a defect in the goods.
a. fraud
b. valid contract
c. particular
Answer
a. fraud
Q93. All the essential elements of a _________must be present in a partnership as it is based on an agreement.
a. valid contract
b. particular
c. name
Answer
a. valid contract
Q94. In accordance with s.8, a _________partnership is one which is formed for a particular adventure or a particular undertaking.
a. particular
b. name
c. true
Answer
a. particular
Q95. When an alteration is made in the _________of the firm or in the location of its principal place of business, s. 60 requires that the information be sent to the Registrar of Firms.
a. name
b. true
c. partnership deed
Answer
a. name
Q96. Section 70 provides that any person who signs any statement, amending statement, notice or intimation as regards a registered firm and as required under the act should be _________and complete.
a. true
b. partnership deed
c. written
Answer
a. true
Q97. The _________is required to be stamped according to the provisions of the stamp act, 1899.
a. partnership deed
b. written
c. agreement
Answer
a. partnership deed
Q98. In England, USA and India, _________agreement of partnership is not compulsory.
a. written
b. agreement
c. goodwill
Answer
a. written
