Business Laws MCQs and Notes
Q. The Law of Contract in India is contained in
✅ Correct Answer: (C)
Indian Contract Act 1872
Q. Bearer cheques are also known as------ cheques.
✅ Correct Answer: (D)
Open
Q. Future goods means goods to be manufactured or produced or acquired by the seller
✅ Correct Answer: (B)
after making of contract
Q. Which of the following is not the right of an unpaid seller under Sale of Goods Act, 1930:
✅ Correct Answer: (D)
Right of withholding delivery where the property in the goods has passed to the buyer
Q. The voluntary transfer of possession from one person to another is called
✅ Correct Answer: (C)
Delivery
Q. Which of the following cannot be said to be included in the term “goods” defined under section 2(7) of the Sale of Goods
✅ Correct Answer: (D)
Actionable claims
Q. Before the enactment of Sale of Goods Act, the provisions regarding Sale of
✅ Correct Answer: (A)
Indian Contract Act, 1872
Q. Section 2(1) of Sale of Goods Act defines ‘buyer’ as:
✅ Correct Answer: (C)
Person who buys or agrees to buy goods
Q. What is the purpose behind the enactment of Sale of Goods Act, 1930?
✅ Correct Answer: (D)
To define and amend the laws relating to the sale of goods