Fundamentals of Law MCQs and Notes
Q. The Negotiable Instruments Act 1881 came into force on
✅ Correct Answer: (C)
1st March, 1882
Q. The term ‘Negotiable Instrument’ is defined in the Negotiable Instruments Act, 1881, under Section.
✅ Correct Answer: (B)
13
Q. Right of Stoppage in transit may be exercised by the Unpaid Seller, by
✅ Correct Answer: (C)
Either (a) or (b)
Q. Property in the goods in the Sale of Goods Act, 1930 means
✅ Correct Answer: (A)
Ownership of goods
Q. The Sale of Goods Act, 1930 governs the transfer of property in
✅ Correct Answer: (A)
movable property
Q. Right of Stoppage in transit can be exercised by the Unpaid Seller, where he
✅ Correct Answer: (B)
still enjoys his right of lien
Q. Transfer of documents of title to the goods sold to the buyer, amounts to
✅ Correct Answer: (B)
Symbolic delivery
Q. A valid contract of sale
✅ Correct Answer: (A)
includes ‘an agreement to sell’
Q. If the performance of contract becomes impossible because the subject matter of contract has ceased to exist then
✅ Correct Answer: (B)
neither party is liable