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Consumer Protection Test - 25

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Consumer Protection Test - 25
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Weekly Quiz Competition
  • Question 1
    1 / -0
    For transfer of property in ascertained goods, the basic condition is that ______.
    Solution
    For transfer of property in ascertained goods, the basic condition is that goods must be ascertained and appropriated. Ascertained goods must be specifically identified when the contract is made.
    Hence, option (A) is the correct answer.
  • Question 2
    1 / -0
    In a sale on "approval" basis, any act of the Buyer exercising domination over the goods, showing an unequivocal intention to buy is called _______.
    Solution
    In a sale on "approval" basis, any act of the Buyer exercising domination over the goods, showing an unequivocal intention to buy is called adopting the transaction. Sale on approval basis implies a change of possession only and not a transfer of ownership unless the specified period expires without return.
  • Question 3
    1 / -0
    In case of sale on "sale or return" or "approval" basis, property passes to the buyer when __________.
    Solution
    When the goods are sold on approval basis, these goods are not treated as a sale until it is approved by the customer. In case of sale on a "sale or return" or "approval" basis, the property passes to the buyer when:-
    a) buyer approves or accepts the goods.
    b) buyer does any act adopting the transaction.
    c) buyer retains the goods for more than the contract-stipulated time or reasonable time, without giving notice of rejection.Hence, option (D) is the correct answer.
  • Question 4
    1 / -0
    In case of sale of specific goods in a deliverable state, the property in goods passes to the buyer when _________.
    Solution
    In case of sale of specific goods in a deliverable state, the property in goods passes to the buyer when the contract is entered.Specific goods or ascertained goods are those goods that are to be specifically identified when the contract is made.Hence, option (A) is the correct answer.
  • Question 5
    1 / -0
    Ram of Chennai took a Bill of Lading in the name of Suman of Maldives, but sent it to Tarun, Ram's Agent in Maldives. The goods were destroyed while in sea. Who has to bear the loss of goods?
    Solution
    Ram of Chennai took a Bill of Lading in the name of Suman of Maldives, but sent it to Tarun, Ram's Agent in Maldives. The goods were destroyed while in sea. Ram has to bear the loss of goods since Ram holds the Bill of Lading.
  • Question 6
    1 / -0
    Q sells $$100$$ tonnes of Rice to P at Rs. $$50,000$$ per tonne. P makes the full payment and says that he will take the Goods by next week. Before P could take the Goods, the Goods are destroyed. The Loss will be borne by _____.
    Solution
    Q sells 100 tonnes of rice to P at Rs 500,000 per tonne. P makes the full payment and says that he will take the Goods by next week. Before P could take the Goods, the Goods are destroyed. The loss will be borne by P.In cases of goods sent on an approval basis, the goods are at the seller's risk if they perish in an inevitable accident. If the goods are sold on an approval basis, if the damage is done to the goods, it is to be borne by the seller.Hence, option (A) is the correct answer.
  • Question 7
    1 / -0
    For passing of property in respect of specific or ascertained goods, the intention of the parties can be ascertained from _________.
    Solution
    Ascertained goods or specific goods are those goods that are specifically identified at the time of the contract. For the passing of property in respect of specific or ascertained goods, the intention of the parties can be ascertained from the following:-
    a) terms of the contract
    b) conduct of the parties
    c) circumstances of the case
    Hence, option (D) is the correct answer.
  • Question 8
    1 / -0
    As per sales of goods Act, $$1930$$ implied condition as to merchantable quality _________ where the buyer has examined the goods.
    Solution
    As per sales of goods act, 1930 implied condition as to merchantable quality is applicable where the buyer has examined the goods. Merchantable quality goods refers to the goods which are not damaged and of sufficient quality. Thus, when buyer has examined the goods, implied condition as to merchantable quality is applicable.
    Hence, option (A) is the correct answer.
  • Question 9
    1 / -0
    In cases of goods sent on approval basis, the goods are at the __________, if they perish in an inevitable accident.
    Solution
    In cases of goods sent on an approval basis, the goods are at the seller's risk, if they perish in an inevitable accident. If the goods are sold on an approval basis, if the damage is done to the goods, it is to be borne by the seller.
    Hence, option (B) is the correct answer.
  • Question 10
    1 / -0
    Delivery of goods to the Carrier for the purpose of transmission to the Buyer automatically means that the property in goods vest in the Buyer.
    Solution
    Delivery of goods to the Carrier for the purpose of transmission to the Buyer automatically means that the property in goods vest in the Buyer- this statement is false since the delivery of goods to the carrier for the purpose of transmission to the buyer does not mean that the property in goods vest in the buyer.
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