A. an immoral agreement.B. a valid agreement.C. an agreement opposed to public policy.D. an enforceable agreement.
Tag: Fundamentals of Law MCQs
A Promissory Note must be
A. in writingB. unconditionalC. signed by the makerD. all of the above
The Negotiable Instruments Act 1881 came into force on
A. 9th December 1881,B. 19th December, 1881C. 1st March, 1882D. None of the above
The term ‘Negotiable Instrument’ is defined in the Negotiable Instruments Act, 1881, under Section.
A. 12B. 13C. 13AD. 2(d)
Right of Stoppage in transit may be exercised by the Unpaid Seller, by
A. taking actual possession of goods.B. giving notice of his claim to the Carrier/Bailee who holds the goodsC. Either (a) or (b)D. Both (a) and (b)
Property in the goods in the Sale of Goods Act, 1930 means
A. Ownership of goodsB. Possession of goodsC. Asset in the goodsD. Custody of goods
The Sale of Goods Act, 1930 governs the transfer of property in
A. movable propertyB. immovable propertyC. both movable and immovable property \D. all types of properties
Right of Stoppage in transit can be exercised by the Unpaid Seller, where he
A. has lost his right of lienB. still enjoys his right of lienC. either (a) or (b)D. neither (a) nor (b)
Transfer of documents of title to the goods sold to the buyer, amounts to
A. actual deliveryB. Symbolic deliveryC. constructive deliveryD. None of the above
A valid contract of sale
A. includes ‘an agreement to sell’B. does not include ‘an agreement to sell’C. includes hire purchase contractD. includes contract for work and labour