Consumer Protection Test

Result

Consumer Protection Test - 17

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Weekly Quiz Competition

Question 1
1 / -0

In some cases a buyer can claim only the damages but can not repudiate the contract (reject the goods) Pick the correct option

A
Buyer treats the breach of condition as breach of warranty

B
Buyer waives the condition as breach of warranty.

C
Both a & b

D
When contract is indivisible.

Solution

When contract is indivisible, a buyer can claim only the damages but can not repudiate the contract. A contact becomes indivisible when the parties who agreed upon the same contract are interdependent on each other. Indivisible contract is also known as an entire contract.
Question 2
1 / -0

"A" sells 200 tons of rice to "B" in turn "B" sells 200 tons of wheat to A" it is

A
Barter system

B
Sale contract

C
Agreement

D
All of the above

Solution

"A" sells 200 tons of rice to "B" in turn "B" sells 200 tons of wheat to A" it is a barter system since without using money, here one commodity is exchanged with another commodity without any currency acting as a medium of exchange. This system is also known as C-C exchange, where 'C' stands for commodity.
Question 3
1 / -0

Agreements of social nature are ______ as per Indian Contract Act, 1872.

A
Enforceable

B
Not Enforceable

C
Depends on the amount of Contract

D
None of the above

Solution

Agreements of social nature are not enforceable as per Indian Contract Act, 1872. These agreements do not have a legal backing. Judiciary wing of the government cannot exercise any power on these agreements.
Question 4
1 / -0

For a sale to be there____________.

A
The possession of the goods should pass to the buyer.

B
The goods should be sold to buyer

C
General, properly in the goods must be transferred to the buyer

D
All the above

Solution

General property in the goods must be transferred to the buyer for a sale to be there. It means that when a good is sold by a seller, the ownership of the goods is to be transferred in buyer's name.
Question 5
1 / -0

When a breach of a condition is treated as a breach of on warranty the buyer can

A
Repudiate the contract

B
Reject the goods

C
Claim damages

D
None of the above

Solution

Legally, 'breach of a warranty' refers to a situation when the seller fails to meet the conditions made on the contract.When a breach of a condition is treated as a breach of on warranty the buyer can claim damages.
Question 6
1 / -0

A thought of new product is examined amongst potential consumers to determine consumer Acceptance at which state?

A
Concept

B
Test marketing

C
Product development

D
Commercialization

Solution

A thought of new product is examined among potential consumers to determine consumer acceptance at the concept state. New product is designed according to the need of the potential buyers. Thus, at the concept stage or planning stage, a thought of new product is examined.
Question 7
1 / -0

In case of Hire purchase Agreement during the hiring period.

A
The goods are in the possession of the hirer, but the ownership of goods is with the original owner.

B
The goods are with the original owner but are kept: for some purpose of hires

C
The goods are in the possession of the original owner, but the ownership is of the hires

D
None of the above.

Solution

Hirer is the party availing the facility in the hire-purchase agreement. Under a hire-purchase agreement, the goods are let on hire and in accordance with the terms of the agreement, the hirer can purchase the goods.In case of Hire purchase Agreement, during the hiring period the goods are in possession of the hirer, but the ownership of the goods is with the original owner.
Question 8
1 / -0

Select out the statements concerning the Sate of goods Act which is false?

A
The price in a contract of sale may be fixed or may be left in a manner thereby agreed

B
It is intended to fill the gaps in the terms of a contract.

C
The subject matter of the contract must necessarily be goods.

D
Provisions of the Act prevail over terms in the contract.

Solution

Provisions of the Act prevail over terms in the contract.- this statement is false in concern with the Sale of Goods Act. Provisions of the Act prevails until the contract is changed again.
Question 9
1 / -0

Which of the following is appropriate for reports?

A
Avoid using headings and transitions

B
Introduce the visuals in the document

C
Use a very formal style to impress readers

D
Use slang and contractions

Solution

Introduce the visuals in the document is appropriate for reports. This will help faster retention of information by the audience. In a way, visuals are more appealing for the audience to watch.
Question 10
1 / -0

Buyers can exercise high bargaining power over their suppliers if: __________.

A
The volume they buy accounts for a large percentage of their supplier's sales.

B
There are few buyers in the market.

C
They have many suppliers to choose from.

D
All the above.

Solution

Buyers can exercise high bargaining power over their suppliers if the following situations occur:
a) the volume they buy accounts for a large percentage of their suppliers sales.
b) there are few buyers in the market.
c) they have many suppliers to choose from.

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Re-Attempt Weekly Quiz Competition

Consumer Protection Test - 17

Result

Consumer Protection Test - 17

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SHARING IS CARING

Question 1

Buyer treats the breach of condition as breach of warranty

Buyer waives the condition as breach of warranty.

Both a & b

When contract is indivisible.

Solution

Question 2

Barter system

Sale contract

Agreement

All of the above

Solution

Question 3

Enforceable

Not Enforceable

Depends on the amount of Contract

None of the above

Solution

Question 4

The possession of the goods should pass to the buyer.

The goods should be sold to buyer

General, properly in the goods must be transferred to the buyer

All the above

Solution

Question 5

Repudiate the contract

Reject the goods

Claim damages

None of the above

Solution

Question 6

Concept

Test marketing

Product development

Commercialization

Solution

Question 7

The goods are in the possession of the hirer, but the ownership of goods is with the original owner.

The goods are with the original owner but are kept: for some purpose of hires

The goods are in the possession of the original owner, but the ownership is of the hires

None of the above.

Solution

Question 8

The price in a contract of sale may be fixed or may be left in a manner thereby agreed

It is intended to fill the gaps in the terms of a contract.

The subject matter of the contract must necessarily be goods.

Provisions of the Act prevail over terms in the contract.

Solution

Question 9

Avoid using headings and transitions

Introduce the visuals in the document

Use a very formal style to impress readers

Use slang and contractions

Solution

Question 10

The volume they buy accounts for a large percentage of their supplier's sales.

There are few buyers in the market.

They have many suppliers to choose from.

All the above.

Solution

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