MCQOPTIONS
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MCQOPTIONS
This section includes 3246 Mcqs, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1501. |
Claim for necessaries supplied to a person incompetent to contract, from the property ofsuch person. It is covered under the concept of |
| A. | quasi-contract |
| B. | caveat emptor |
| C. | contingent contract |
| D. | wagering agreement |
| Answer» B. caveat emptor | |
| 1502. |
A quasi-contract |
| A. | is a contract |
| B. | is an agreement |
| C. | has only a legal obligation |
| D. | is not any of these |
| Answer» E. | |
| 1503. |
A stipulation for increased interest from the date of default is known as |
| A. | a compensation |
| B. | a penalty |
| C. | liquidated damages |
| D. | damages |
| Answer» E. | |
| 1504. |
Vindictive damages have been awarded |
| A. | for a breach of the promise to marry |
| B. | for a wrongful dishonour of a cheque |
| C. | either (a) or (b) |
| D. | neither (a) nor (b) |
| Answer» D. neither (a) nor (b) | |
| 1505. |
Liquidated damages means an amount of the _________ that may result from the breach ofcontract |
| A. | actual loss |
| B. | loss suffered |
| C. | pre-estimated probable loss |
| D. | pre-estimated actual loss |
| Answer» D. pre-estimated actual loss | |
| 1506. |
Exemplary damage is also known as |
| A. | a vindictive damage |
| B. | a punitive damage |
| C. | a direct damage |
| D. | either (a) or (b) |
| Answer» E. | |
| 1507. |
Hadley versus Baxendale case is a leading case on |
| A. | the breach of implied term |
| B. | the anticipatory breach |
| C. | the remoteness of damages |
| D. | the bilateral mistake of fact |
| Answer» D. the bilateral mistake of fact | |
| 1508. |
Where the court orders the defaulting party to carry out the promise according to the termsof the contract, it is called as a/an |
| A. | quantum meruit |
| B. | rescission |
| C. | injunction |
| D. | specific performance |
| Answer» E. | |
| 1509. |
_________ means an order of the court restraining a person from doing what he promisednot to do |
| A. | quantum meruit |
| B. | rescission |
| C. | specific performance |
| D. | injunction |
| Answer» D. injunction | |
| 1510. |
Quantum meruit means |
| A. | a non-gratuitous promise |
| B. | as gratuitous promise |
| C. | as much as is earned |
| D. | as much as is paid |
| Answer» D. as much as is paid | |
| 1511. |
The remedies available to a person, suffering from the breach of contract are |
| A. | suit for damages |
| B. | suit for injunction |
| C. | quantum meruit |
| D. | all of the above |
| Answer» E. | |
| 1512. |
In a contract through sea route where the seller has to deliver the goods to the buyer at theport of destination |
| A. | fob contract |
| B. | cif contract |
| C. | ex-ship contract |
| D. | destination contract |
| Answer» D. destination contract | |
| 1513. |
Auction sale is also known as |
| A. | public sale |
| B. | private sale |
| C. | cash sale |
| D. | none of the above |
| Answer» B. private sale | |
| 1514. |
In contract through sea route, where the seller has to put the goods on board a ship at hisown expenses, the contract is known as |
| A. | cif contract |
| B. | fob contract |
| C. | board obligatory contract |
| D. | ex-ship contract |
| Answer» C. board obligatory contract | |
| 1515. |
Where the seller appoints his person to bid at the auction sale without informing to bidder, itis called as |
| A. | prepared bidding |
| B. | pretend bidding |
| C. | power bidding |
| D. | both (a) & (c) |
| Answer» C. power bidding | |
| 1516. |
An unpaid seller can exercise his right of stoppage of goods in transit |
| A. | by giving notice to the carrier |
| B. | by taking actual possession of the goods |
| C. | by notice of his claim to the bailee who is in possession of the goods |
| D. | either (a) or (b) or (c) |
| Answer» E. | |
| 1517. |
An unpaid seller loses his right of lien in case of |
| A. | delivery of goods to buyer |
| B. | delivery of goods to carrier or wharfinger |
| C. | tender of price by buyer |
| D. | any of the above |
| Answer» E. | |
| 1518. |
The process of identifying the goods and setting apart is called |
| A. | identification |
| B. | procurement |
| C. | ascertainment |
| D. | allocation |
| Answer» D. allocation | |
| 1519. |
‘Nemo Dat Quod Non Habet’ means |
| A. | no man can pass a better title than what he himself possesses. |
| B. | let the buyer beware. |
| C. | void from the beginning. |
| D. | ignorance of law is no excuse. |
| Answer» B. let the buyer beware. | |
| 1520. |
According to the Sale of Goods Act ‘fault’ means |
| A. | refusal to pay price |
| B. | refusal to deliver goods |
| C. | any wrongful act or default |
| D. | any fraud |
| Answer» D. any fraud | |
| 1521. |
The general rule is that the buyer of goods is responsible for his choice or selection. Thisdoctrine is |
| A. | ignorantia juris non excusat |
| B. | quid pro quo |
| C. | nemo dat quad non habet |
| D. | caveat emptor |
| Answer» E. | |
| 1522. |
The buyer shall have and enjoy quiet possession of goods. This is an __________ |
| A. | implied warranty as to title |
| B. | implied condition as to title |
| C. | implied warranty as to possession |
| D. | implied condition as to possession |
| Answer» D. implied condition as to possession | |
| 1523. |
When the buyer’s right of quiet possession of goods is affected by the seller’s fault, thebuyer can |
| A. | reject the goods |
| B. | claim for damages |
| C. | repudiate the contract |
| D. | all of the above |
| Answer» C. repudiate the contract | |
| 1524. |
A ‘Condition’ under the Sale of Goods Act has been defined as a stipulation |
| A. | collateral to the main purpose of the contract |
| B. | main purpose of contract |
| C. | essential to the main purpose of the contract |
| D. | all of the above |
| Answer» D. all of the above | |
| 1525. |
A stipulation in a contract may be |
| A. | condition |
| B. | warranty |
| C. | neither (a) & (b) |
| D. | both (a) & (b) |
| Answer» E. | |
| 1526. |
Where no price is fixed by express agreement, the buyer shall pay the seller |
| A. | lowest price |
| B. | reasonable price |
| C. | suitable price |
| D. | adhoc price |
| Answer» C. suitable price | |
| 1527. |
A Sale of Goods under the Sale of Goods Act, 1930 includes |
| A. | a jus in personam |
| B. | a jus in rem |
| C. | both (a) & (b) |
| D. | neither (a) & (b) |
| Answer» C. both (a) & (b) | |
| 1528. |
Where money is exchanged by one person for some money with another person, thetransaction is known as |
| A. | barter |
| B. | exchange |
| C. | money sale |
| D. | none of the above |
| Answer» C. money sale | |
| 1529. |
The goods which are to be produced by the seller after the contract of sale is made areknown as |
| A. | contingent goods |
| B. | unascertained goods |
| C. | future goods |
| D. | none of the above |
| Answer» D. none of the above | |
| 1530. |
The term ‘possession of goods’ means |
| A. | ownership of goods |
| B. | custody of goods |
| C. | both (a) & (b) |
| D. | none of these |
| Answer» C. both (a) & (b) | |
| 1531. |
‘Delivery’ within the meaning of the Sale of Goods Act can be |
| A. | symbolic |
| B. | actual |
| C. | actual |
| D. | either (a) or (b) or (c) |
| Answer» E. | |
| 1532. |
The term ‘Goods’ in the Sale of Goods Act means |
| A. | subject matter of the contract of sale |
| B. | specific goods only |
| C. | ascertained goods only |
| D. | unascertained goods only |
| Answer» B. specific goods only | |
| 1533. |
Which law governs the sale of movable property in India? |
| A. | transfer of property act, 1872 |
| B. | sale of goods act, 1930 |
| C. | indian contract act, 1872 |
| D. | all of the above |
| Answer» C. indian contract act, 1872 | |
| 1534. |
The Sale of Goods Act, 1930 came into force on |
| A. | 1st day of july 1930 |
| B. | 1st day of january 1930 |
| C. | 1st day of august 1930 |
| D. | 1st day of september 1930 |
| Answer» B. 1st day of january 1930 | |
| 1535. |
In case the buyer rejects the whole quantity of goods due to short delivery or excessdelivery, the contract is treated as |
| A. | subsisting |
| B. | cancelled |
| C. | void |
| D. | invalid |
| Answer» B. cancelled | |
| 1536. |
Delivery of the key of the warehouse by the seller to the buyer will amount to |
| A. | actual delivery |
| B. | symbolic delivery |
| C. | constructive delivery |
| D. | none of these |
| Answer» C. constructive delivery | |
| 1537. |
Which of the following rights are available to the unpaid seller against the buyer |
| A. | suit for price |
| B. | suit for interest |
| C. | suit for repudiation |
| D. | all of these |
| Answer» E. | |
| 1538. |
The right of lien is exercised |
| A. | to retain possession of goods |
| B. | to regain possession of goods |
| C. | to resell the goods |
| D. | none of these |
| Answer» B. to regain possession of goods | |
| 1539. |
An unlawful act by which an intending purchaser is prevented from bidding or raising theprice at an auction sale is known as |
| A. | decoy ducking |
| B. | puffering |
| C. | damping |
| D. | none of these |
| Answer» D. none of these | |
| 1540. |
An auction sale is complete on the |
| A. | fall of hammer |
| B. | delivery of goods |
| C. | payment of price |
| D. | both (b) and (c) |
| Answer» B. delivery of goods | |
| 1541. |
The unpaid seller can exercise his right of lien over the goods for |
| A. | price of goods |
| B. | storage charges |
| C. | any lawful charges |
| D. | all of these |
| Answer» B. storage charges | |
| 1542. |
A contract in which, under the terms of a contract, one or both the parties have still toperform their obligations in future is known as |
| A. | executed contract |
| B. | executory contract |
| C. | unilateral contract |
| D. | none of the above |
| Answer» C. unilateral contract | |
| 1543. |
A contract in which, under the terms of a contract, nothing remains to be done by eitherparty is known as |
| A. | executed contract |
| B. | executory contract |
| C. | unilateral contract |
| D. | none of the above |
| Answer» B. executory contract | |
| 1544. |
Where the obligation in a contract is outstanding on the part of both parties, it is called |
| A. | void contract |
| B. | illegal agreement |
| C. | valid contract |
| D. | bilateral contract |
| Answer» E. | |
| 1545. |
Contract is defined as an agreement enforceable by law, vide section . . . . . of the IndianContract Act |
| A. | 2 (e) |
| B. | 2 (f) |
| C. | 2 (h) |
| D. | 2 (i) |
| Answer» D. 2 (i) | |
| 1546. |
When the contract is perfectly valid but cannot be enforced because of certain technicaldefects. This is called |
| A. | unilateral contract |
| B. | bilateral contract |
| C. | unenforceable contract |
| D. | void contract |
| Answer» D. void contract | |
| 1547. |
Price lists, catalogues, advertisements in newspapers and enquiries from customers are |
| A. | offers |
| B. | invitations to offer |
| C. | acceptances |
| D. | cross offers |
| Answer» C. acceptances | |
| 1548. |
Which of the following is not the mode of the lapse of an offer? |
| A. | lapse of time |
| B. | case against the offeror |
| C. | insanity of the offeror |
| D. | failure to accept condition precedent |
| Answer» C. insanity of the offeror | |
| 1549. |
When the offers made by two persons to each other containing similar terms of bargain crosseach other in post, they are known as |
| A. | cross offers |
| B. | implied offers |
| C. | direct offers |
| D. | express offers |
| Answer» B. implied offers | |
| 1550. |
Goods displayed in a shop with a price label is |
| A. | an offer |
| B. | an invitation to offer |
| C. | a counter-offer |
| D. | a contra-offer |
| Answer» C. a counter-offer | |