Is Termed as Consideration in a Contract of Sale Mcq
20. If, without the Seller`s knowledge, the specific goods are to be treated at the time of the end of the contract as a provision of a purchase contract the breach of which by the Seller grants the Buyer a right of withdrawal, it is stated: In a hire-purchase agreement, the owner delivers his goods on a rental basis for a deposit to a tenant for use. The tenant has the possibility to purchase the goods by paying the agreed amount at the indicated rate. In this case, K sells his car to P for a deposit of Rs.40,000 and the balance in 10 equal installments. It is therefore an installment purchase contract. The property passes to the buyer when he exercises his option after the final payment of all installments. This is not a sale, a sale agreement or an installment sale, since the buyer has the opportunity to buy after the specified period. Therefore, options a, b & c are not correct. Which of the following conditions is not included in contracts for the sale of goods in the context of a private sale? The selection of the goods with the intention of using them in the performance of the contract and by mutual agreement of the seller and the buyer is known because in the purchase contract the price can be determined by a third party named in the purchase contract. If it does not set the price, the purchase contract becomes null and void. In this case, if C refuses to value the goods and to fix the price of those goods, the contract is void. 11.
In the case of an agreement on the sale, subsequent loss or destruction of the goods until sale, responsibility for the cultivation of crops, grass and objects associated with the land or part thereof shall be considered as goods only if they have agreed to be removed from the ground. In the case of the sale of standing trees, the property passes to the buyer when the trees are cut down and determined. The contract of sale may provide that the price is set by a third party designated in the purchase contract. In such a case, the price is set by the third party to make it valid. 28. In the contract of sale, the price may be fixed up to.. In a purchase contract, (i) the price may be determined by indicating the price in the purchase contract, (ii) or the parties may decide that in the future the price will be determined on a basis specified in the contract, (iii) or it may be determined by the pricing method between the parties in the previous transaction. Thanks to all these types, the price can be determined in a purchase contract. Therefore, the statements of options (a), (b) and (c) are true. 25.
X undertakes to purchase goods from Y at a price to be determined by C. The contract is (b) the goods identified at the time of the conclusion of the purchase contract b The local rice and basmati rice transactions are considered a sale Deepa bought an electric bike from “Great Bikes Ltd” and informed the seller that she knew nothing about bicycles, but wanted a bike suitable for riding on rough terrain. She bought the bike recommended by the assistant, although the bike was fine in town, the wheels and frame bent when she first used it on rough terrain. Your lawsuit against Great Bikes Ltd is allegedly for violating which section of the Sale of Goods Act 1979? 14. The position of the rental buyer (in sales) is that of a provision that is secured for the main object of the contract and, if it turns out to be false, gives the buyer only a right to compensation, is called the consideration for the price of a purchase contract, which can be made partly in money and partly in goods. A person cannot buy his own property. Thus, the distribution of property among the partners due to the dissolution of a company does not constitute a sale of property, since the partners are co-owners and cannot be both buyer and seller. Ownership of the goods is transferred to the buyer upon conclusion of the contract. Future goods are goods that must be manufactured, manufactured or purchased by the seller after the conclusion of the purchase contract. Unbeknownst to the seller at the time of conclusion of the contract, if the contractually agreed specific goods are damaged or spoiled to such an extent that these damaged goods cannot be described as the same goods for which the contract was concluded, the contract of sale is void, the Sale of Goods Act 1979 implies various conditions in contracts for the sale of goods, but what types of goods are not in the trade? 16. K sells his car to P for Rs.90,000 on the condition that Rs.40,000 are paid there and the balance in 10 equal installments and can only own the car after the final payment.
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