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12th Standard English Medium Commerce Subject The Sale of Goods Act, 1930 Creative 1 Mark Questions with Solution Part - I

12th Standard English Medium Commerce Subject The Sale of Goods Act, 1930 Creative 1 Mark Questions with Solution Part - I

12th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5

  1. A contract of sale involves _____________ parties.

    (a)

    one parties

    (b)

    three parties

    (c)

    two parties

    (d)

    more than five parties

  2. The subject matter of contract of sale must he

    (a)

    ggods

    (b)

    cash

    (c)

    credit

    (d)

    all of these

  3. The monetary consideration for the goods sold is called

    (a)

    Price

    (b)

    Goods

    (c)

    Both 'a' and 'b'

    (d)

    None of these

  4. Which of the following determined with reference to the terms and conditions of the contract?

    (a)

    Condition

    (b)

    Warranty

    (c)

    Both 'a' and 'b'

    (d)

    None of these

  5. Section 2, the sale of Goods Acts is about

    (a)

    Principles

    (b)

    Definitions

    (c)

    Exceptions

    (d)

    None of above

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