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Consumer Protection Test - 21

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Consumer Protection Test - 21
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Under the Sale of Goods Act, $$1930$$, the Seller in a Contract of Sale transfer the ________ in goods to the buyer for a price.
    Solution
    The Seller in a Contract of Sale transfers the property in goods to the buyer for a price, under the Sale of Goods Act. This means goods are exchanged between buyers and sellers because of the price paid by the buyer.
    Hence, option (D) is the correct answer.
  • Question 2
    1 / -0
    The property of goods will be transferred to the buyer at the time of _______  where total payment is made.
    Solution
    The property of goods will be transferred to the buyer at the time of hire purchase where total payment is made.Hirer is the party availing the facility in the hire-purchase agreement. Under the hire-purchase agreement, the goods are let on hire and in accordance with the terms of the agreement hirer can purchase the goods.Hence, option (C) is the correct answer.
  • Question 3
    1 / -0
    Which of the following statements is correct in relation to ascertainment of price of goods?
    Solution
    Where the parties agreed that the price of goods has to be fixed by a third party, and if the third party fails to fix the price, the agreement is void- this statement is correct in relation to the ascertainment of price of goods. Ascertainment of price of goods is to specify or determine the price of goods without ambiguity.
  • Question 4
    1 / -0
    A hire purchaser of the goods __________.
    Solution
    A hire purchaser of the goods has an option to return the goods or buy them. Hire purchaser to buy the goods on hire. According to the hire-purchase agreement, the hirer can purchase the goods within a fixed time period.
    Hence, option (C) is the correct answer.
  • Question 5
    1 / -0
    When there is contract for sale of specific goods, the agreement is _________, if the goods, without the knowledge of seller, have been perished or have no longer in accordance with description before the contract.
    Solution
    When there is a contract for the sale of specific goods, the agreement is void, if the goods, without the knowledge of the seller, have been perished or have no longer been in accordance with the description before the contract. This states that if the goods get damaged or destroyed and the seller does not come to know anything, then the contract for sale becomes void.
    Hence, option (A) is the correct answer.
  • Question 6
    1 / -0
    An Agreement made between two parties to pay consideration in future and in execution of Sale deed is known as _________.
    Solution
    An Agreement made between two parties to pay consideration in future and in execution of Sale deed is known as agreement to sell.When under a contract, the property in goods is transferred from the seller to the buyer, contract is called an agreement to sell. In an Agreement to Sell, the property in goods is transferred in present.
    Hence, option (B) is the correct answer.
  • Question 7
    1 / -0
    In an agreement to sell, where goods lie with the Buyer, the risk of loss of goods remains with __________.
    Solution
    In an agreement to sell, where goods lie with the Buyer, the risk of loss of goods remains with the seller only.When under a contract, the property in goods is transferred from the seller to the buyer, contract is called an agreement to sell. In an Agreement to Sell, the property in goods is transferred in present.Hence, option (C) is the correct answer.
  • Question 8
    1 / -0
    In a concluded sale, if goods are destroyed, loss is to be faced by ________.
    Solution
    The Goods are damaged after Sale. The Risk is to be borne by buyer only. After the sale of the goods, the owner of the goods is the buyer. Thus, if the goods get destroyed after sale, risk is to be borne by buyer on.
    Hence, option (B) is the correct answer.
  • Question 9
    1 / -0
    If the Goods completely perish before Contract of Sale, the Contract becomes ________.
    Solution
    If the Goods completely perish before Contract of Sale, the Contract becomes void.When there is the contract for sale of specific goods, the agreement is void, if the goods, without the knowledge of seller, have been perished or have no longer in accordance with a description before the contract. This states that if the goods get damaged or destroyed and the seller does not come to know anything, then the contract for sale becomes void.Hence, option (B) is the correct answer.
  • Question 10
    1 / -0
    The Goods are damaged after Sale. The Risk is to be borne by _________.
    Solution
    The Goods are damaged after Sale. The Risk is to be borne by buyer only. After the sale of the goods, the owner of the goods is the buyer. Thus, if the goods get damaged after-sale, the risk is to be borne by buyer only.
    Hence, option (A) is the correct answer.
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