Business Regulatory Framework

Q 1. A sale is a ______________ contract

(A) Implied
(B) Executed
(C) Agreed
(D) Executory
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Q 2. Transfer or agree to transfer the _____________ of the goods is the purpose of sale of goods Act

(A) Property
(B) Possession
(C) Value
(D) Usage
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Q 3. A consideration in contract of sale must be ______________ only

(A) Goods
(B) movable only
(C) price
(D) Purchase
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Q 4. The subject matter of the contract must necessarily be _____________

(A) Sale
(B) Product
(C) Service
(D) Goods
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Q 5. The goods must be ________ goods for transferring the property in the goods

(A) Ascertained
(B) Unascertained
(C) Future
(D) All of the above
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Q 6. As per Sale of goods Act Movable goods does not include

(A) Gas
(B) Growing crop
(C) Electricity
(D) Money
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Q 7. Which of the following is not a subject matter in a Sale of goods Act

(A) Trade mark
(B) Good will
(C) Money
(D) Water
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Q 8. In Agreement to sell the transfer of property in goods from the seller to the buyer takes place

(A) At the end of contract
(B) Immediately
(C) In a future Date
(D) Both b&c
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Q 9. In sale the transfer of property in goods from the seller to the buyer takes place

(A) At the end of contract
(B) Immediately
(C) In a future Date
(D) Both a&b
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Q 10. Sale under Sale of goods Act is a/an ____________________ contract

(A) Executory
(B) Executable
(C) Executed
(D) None of the above
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