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The Indian Sale of Goods Act

Description: This quiz aims to assess your understanding of the Indian Sale of Goods Act, a crucial law governing commercial transactions involving the sale of goods in India. The questions cover various aspects of the Act, including its definitions, provisions, and legal implications.
Number of Questions: 15
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Tags: indian sale of goods act commercial law contract law indian legal system
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Which of the following is NOT a definition provided in the Indian Sale of Goods Act?

  1. Goods

  2. Sale

  3. Contract

  4. Warranty

Show answer
Correct Option: D
Explanation:

The Indian Sale of Goods Act does not provide a specific definition for 'warranty'. Instead, it addresses warranties as conditions or stipulations that form part of the contract of sale.

What is the primary purpose of the Indian Sale of Goods Act?

  1. To regulate the sale of goods in India

  2. To protect the rights of consumers

  3. To promote fair trade practices

  4. All of the above

Show answer
Correct Option: D
Explanation:

The Indian Sale of Goods Act serves multiple purposes, including regulating the sale of goods, protecting consumer rights, and promoting fair trade practices.

Under the Indian Sale of Goods Act, what is the implied condition of every contract of sale?

  1. That the seller has the right to sell the goods

  2. That the goods are of merchantable quality

  3. That the goods are fit for the purpose for which they are bought

  4. All of the above

Show answer
Correct Option: D
Explanation:

The Indian Sale of Goods Act implies certain conditions in every contract of sale, including that the seller has the right to sell the goods, that the goods are of merchantable quality, and that the goods are fit for the purpose for which they are bought.

What is the legal consequence of a breach of warranty under the Indian Sale of Goods Act?

  1. The buyer can reject the goods

  2. The buyer can claim damages

  3. The buyer can rescind the contract

  4. All of the above

Show answer
Correct Option: D
Explanation:

In case of a breach of warranty, the buyer has the right to reject the goods, claim damages, or rescind the contract, depending on the circumstances and the specific terms of the warranty.

Under the Indian Sale of Goods Act, when does the property in goods pass from the seller to the buyer?

  1. At the time of the contract of sale

  2. At the time of delivery of the goods

  3. At the time of payment for the goods

  4. It depends on the terms of the contract

Show answer
Correct Option: D
Explanation:

The Indian Sale of Goods Act does not specify a specific time for the transfer of property in goods. Instead, it allows the parties to determine this through the terms of their contract.

What is the time limit for filing a suit for breach of contract under the Indian Sale of Goods Act?

  1. One year

  2. Two years

  3. Three years

  4. Four years

Show answer
Correct Option: C
Explanation:

The Indian Sale of Goods Act provides a limitation period of three years for filing a suit for breach of contract.

Which of the following is NOT a remedy available to the buyer in case of non-delivery of goods under the Indian Sale of Goods Act?

  1. Damages

  2. Specific performance

  3. Rescission of contract

  4. Detention of the seller's goods

Show answer
Correct Option: D
Explanation:

Detention of the seller's goods is not a remedy specifically provided under the Indian Sale of Goods Act for non-delivery of goods.

What is the legal consequence of a seller's failure to deliver goods of the agreed quality under the Indian Sale of Goods Act?

  1. The buyer can reject the goods

  2. The buyer can claim damages

  3. The buyer can rescind the contract

  4. All of the above

Show answer
Correct Option: D
Explanation:

In case of a seller's failure to deliver goods of the agreed quality, the buyer has the right to reject the goods, claim damages, or rescind the contract.

Under the Indian Sale of Goods Act, what is the implied warranty regarding the title of the seller?

  1. That the seller has the right to sell the goods

  2. That the goods are free from any encumbrances

  3. That the goods are not subject to any third-party claims

  4. All of the above

Show answer
Correct Option: D
Explanation:

The Indian Sale of Goods Act implies a warranty that the seller has the right to sell the goods, that the goods are free from any encumbrances, and that the goods are not subject to any third-party claims.

What is the legal consequence of a seller's failure to deliver the goods within the agreed time under the Indian Sale of Goods Act?

  1. The buyer can reject the goods

  2. The buyer can claim damages

  3. The buyer can rescind the contract

  4. All of the above

Show answer
Correct Option: D
Explanation:

In case of a seller's failure to deliver the goods within the agreed time, the buyer has the right to reject the goods, claim damages, or rescind the contract.

Under the Indian Sale of Goods Act, what is the implied condition regarding the quality of the goods?

  1. That the goods are of merchantable quality

  2. That the goods are fit for the purpose for which they are bought

  3. That the goods correspond with the description given by the seller

  4. All of the above

Show answer
Correct Option: D
Explanation:

The Indian Sale of Goods Act implies conditions that the goods are of merchantable quality, fit for the purpose for which they are bought, and correspond with the description given by the seller.

What is the legal consequence of a seller's failure to deliver the correct quantity of goods under the Indian Sale of Goods Act?

  1. The buyer can reject the goods

  2. The buyer can claim damages

  3. The buyer can rescind the contract

  4. All of the above

Show answer
Correct Option: D
Explanation:

In case of a seller's failure to deliver the correct quantity of goods, the buyer has the right to reject the goods, claim damages, or rescind the contract.

Under the Indian Sale of Goods Act, what is the implied condition regarding the fitness of the goods?

  1. That the goods are fit for the purpose for which they are bought

  2. That the goods are of merchantable quality

  3. That the goods correspond with the description given by the seller

  4. All of the above

Show answer
Correct Option: A
Explanation:

The Indian Sale of Goods Act implies a condition that the goods are fit for the purpose for which they are bought.

What is the legal consequence of a seller's failure to deliver the goods at the agreed place under the Indian Sale of Goods Act?

  1. The buyer can reject the goods

  2. The buyer can claim damages

  3. The buyer can rescind the contract

  4. All of the above

Show answer
Correct Option: D
Explanation:

In case of a seller's failure to deliver the goods at the agreed place, the buyer has the right to reject the goods, claim damages, or rescind the contract.

Under the Indian Sale of Goods Act, what is the implied condition regarding the description of the goods?

  1. That the goods correspond with the description given by the seller

  2. That the goods are of merchantable quality

  3. That the goods are fit for the purpose for which they are bought

  4. All of the above

Show answer
Correct Option: A
Explanation:

The Indian Sale of Goods Act implies a condition that the goods correspond with the description given by the seller.

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