Mercantile Laws
Description: Practice questions on mercantile law. | |
Number of Questions: 25 | |
Created by: Ashok Dhingra | |
Tags: Mercantile Law The Indian Contract Act , 1872 The Sale of Goods Act, 1930 The India Partnership Act, 1932 |
Which of the following agreements is not void?
Which of the following is not an example of contingent contract?
Which of the following agreements is without consideration?
Which of the following agreements is void due to impossible events?
E, a dancer, contracts with F, the manager of a night club, to dance in his night club for the next one month in the night. On the thirteenth night, E wilfully absents herself from the night club. In this case,
When the seller delivers the possession of goods to the buyer and not the ownership of goods and charges rent for the same, it is known as
Which of the following is not an implied condition in contract to sale by sample?
According to the Sale of Goods Act, sale is
Which of the following is an example of reciprocal contract?
Risk Prima Facie with property means
When the seller delivers to the buyer the goods he contracted to sell, mixed with goods of a different description not included in the contract, the buyer
When the seller delivers to the buyer a quantity of goods larger than he contracts to sell, the buyer
Which one of the following is an example of an unpaid seller?
According to the Sale of Goods Act, delivery is a
The sub-agent is responsible to
When goods are delivered to the buyer on approval or sale or return basis, the property does not pass to buyer when
A, B and C promise to pay D jointly the sum of Rs. 6,000. C is compelled to pay as A is insolvent, but his assets are suficient to pay 1/2 of his debts. C is entitled to receive
Which of the following is not a right of an unpaid seller?
S appoints T as his agent and authorizes him to buy 10 cows for him. T buys 10 cows and 2 buffaloes for the sum of Rs 15,000. In this case, S
A contracts with B to deliver him 300 tons of grains before 31st March. A delivers 220 tons of grains before that day and none after that. B retains the 220 tons after 31st March. B is
According to the Indian Partnership Act 1932, which of the following is an essential condition to become a partner in a partnership firm?
A appoints B as his agent and authorizes him to procure an insurance policy for Rs 15,000 on the factory. B procures a policy for Rs 15,000 on the factory and another for the same amount on the house. A is
If a partner derives profit from the use of property of the firm, he is
The Partnership Act is administered by the
B, a broker at Delhi, on the order of A contracts with C for the purchase of 20 kg of iron-ore. Afterwards A refuses to receive the iron-ore, and C sues B. B informs A who rejects the contract altogether. B defends, but unsuccessfully, and has to pay damages and costs and incurs expenses. A is liable to B for