1. Rightof Stoppageintransit canbeexercisedby theUnpaid Seller,wherehe— (a) haslosthisrightoflien (b) stillenjoyshisrightoflien (c) either (a)or(b) (d) neither(a)nor (b) 2. RightofStoppageintransit canbeexercisedby theUnpaid Seller,wheretheBuyer— (a) issolvent (b) becomesinsolvent (c) actsfraudulently (d) actssmartly 3. If,afterthearrivalofgoodsattheirdestination,CarrierorotherBaileeacknowledgestoBuyerorhisagentthatheholds goods on hisbehalf,and continues possession of thegoods, thetransit— (a) isatanend (b) isdeemedtocontinue (c) isnotatanend (d) isnotaffectedatall 4. Ifgoodsarerejected by thebuyer and theCarrier or otherBaileecontinues inpossessionofthem,and thesellerhasrefused toreceive them back, thentransit— (a) isatanend (b) isdeemedtobeatanend (c) isnotdeemedtobeatanend (d) isdependentontheCourt’s decision 5. If,afterthearrival ofGoodsattheirdestination,CarrierorotherBaileeacknowledgestoBuyerorhisagentthatheholdsgoods on hisbehalf,and continues possession of thegoods, thetransitisatan end— (a) evenifthebuyerindicates furtherdestinationforthegoodstotheCarrier. (b) onlywhenthebuyertakesdeliveryofthegoods (c) onlywhenthebuyerissolvent (d) onlywhentheseller’sagenttakesdelivery ofthegoods

1.
Rightof Stoppageintransit
canbeexercisedby theUnpaid
Seller,wherehe—
(a)
haslosthisrightoflien
(b)
stillenjoyshisrightoflien
(c)
either (a)or(b)
(d)
neither(a)nor (b)

2.
RightofStoppageintransit
canbeexercisedby
theUnpaid Seller,wheretheBuyer—
(a)
issolvent
(b)
becomesinsolvent
(c)
actsfraudulently
(d)
actssmartly

3.
If,afterthearrivalofgoodsattheirdestination,CarrierorotherBaileeacknowledgestoBuyerorhisagentthatheholds
goods on hisbehalf,and continues possession of thegoods,
thetransit—
(a)
isatanend
(b)
isdeemedtocontinue
(c)
isnotatanend
(d)
isnotaffectedatall

4.
Ifgoodsarerejected
by thebuyer and theCarrier
or otherBaileecontinues
inpossessionofthem,and thesellerhasrefused toreceive
them back, thentransit—
(a)
isatanend
(b)
isdeemedtobeatanend
(c)
isnotdeemedtobeatanend
(d)
isdependentontheCourt’s
decision

5.
If,afterthearrival
ofGoodsattheirdestination,CarrierorotherBaileeacknowledgestoBuyerorhisagentthatheholdsgoods
on hisbehalf,and continues
possession of thegoods, thetransitisatan end—
(a)
evenifthebuyerindicates
furtherdestinationforthegoodstotheCarrier.
(b)
onlywhenthebuyertakesdeliveryofthegoods
(c)
onlywhenthebuyerissolvent
(d)
onlywhentheseller’sagenttakesdelivery
ofthegoods

6.
IftheCarrier/Baileewrongfullyrefusestodeliverthegoodstothebuyerorhisagent,the
transit—
(a)
isatanend
(b)
isdeemedtobeatanend
(c)
isnotdeemedtobeatanend
(d)
isdependentontheCourt’s
decision

7.
Sub-saleby thebuyerwithSeller’s
consentleadstolossofrightofstoppageintransit.
(a)
True
(b)
Rightnotaffected
(c)
False
(d)
Noneoftheabove

8.
Ssellscertain
goodstoBofBombay.ThegoodsarehandedovertotherailwaysfortransmissiontoB.In
themeantimeBsells thegoodstoa third partyT forconsiderationwithout theconsent
of
S.
B.becomesinsolvent.Inthiscase—
(a)
Shastherightof
stoppageintransit
(b)
Shaslosthisrightofstoppageintransit
(c)
StationMasterhastherightofstoppageintransit
(d)
Noneoftheabove

9.
RightofStoppageinTransit
maybeexercisedby
theUnpaid Seller,by—
(a)
takingactualpossessionofGoods
(b)
givingnoticeofhisclaimto
theCarrier/Bailee
whoholdstheGoods.
(c)
either (a)or(b)
(d)
Both (a)and
(b)

10.
TheUnpaidSeller’srightoflienorrightofstoppage
intransitisNOTAFFECTEDbyanysaleorotherdispositionoftheGoodsmadebyBuyer,unless—

(a) Buyerbecomessolvent
(b)
Buyerobtainsdeliveryofgoodsbeforedestination
(c)
Sellerhasassentedtosuchsale
(d)
Sellerobtainsdeliveryofgoodsbeforedestination

11.
Unpaid Seller’srightofstoppageintransit
canbeexercised onlywhentheBuyerisinsolvent.
(a)
True
(b)
PartlyTrue
(c)
False
(d)
Noneoftheabove

12.
AnUnpaidSeller
can re-sellonly-whenheisinpossessionoftheGoods
eitherby
(a)
exerciseofhislienontheGoods
(b) regaining possession
fromCarrier byissuing a notice
of
stoppage in
transit
upon Buyer’sinsolvency
(c)
both (a)and
(b)
(d)
either (a)or(b)

13.
Theword “perishable”inrespect
ofgoods,u/s54oftheSaleofGoods Act,means
(a)
physicallyperishable
(b)
commerciallyperishable
(c)
both (a)and
(b)
(d)
either (a)or(b)

14.
Whereunderacontract
ofsaletheproperty
ingoodshaspassedtoBuyerandBuyerwrongfullyneglects
orrefusestopay theprice,theSeller
cansuetheBuyerfor
—
(a)
paymentofpriceofgoods
(b)
damagesfornon-acceptanceofgoods
(c)
paymentofotherchargeslikeinsurance,forwardingetc.
(d)
alloftheabove

15.
Whereunderacontract
ofsale,theBuyerwrongfully
neglectsorrefuses
topaytheprice,
theSellercansuetheBuyerforthepriceofgoods,if thepropertyingoods-
(a)
hasnotpassedtobuyer
(b)
haspassedtobuyer
(c)
either (a)or(b)
(d)
remainswiththeseller

16.
Whereunderacontract
ofsale,thepriceispayableon acertaindayirrespectiveofdeliveryandBuyerwrongfullyneglectsorrefuses
topaytheprice,theSellercansuetheBuyerforthepriceofgoods.For
thispurpose,goods—
(a)
shouldbeappropriatedtothecontract
(b)
neednotbeappropriatedtothecontract
(c)
shouldbedeliveredtothebuyer
(d)
neednotbedelivered
tothebuyer

17.
Generally,wheretheBuyerhaspaidthepriceandSellerrefuses
todeliverthegoods,buyercansuetheseller
for—
(a)
specificperformanceofthecontract
(b)
delayeddeliveryofgoods
(c)
refundof price
alreadypaid
(d)
non-acceptanceofgoods

18.
Wherethereisabreachofwarranty-byseller;orwheretheBuyerelectsoriscompelledtotreatany breach
of conditionbythesellerasbreach
ofwarranty, thebuyerisentitled to—
(a)
rejectthegoods
(b)
setupagainsttheSellerthebreach
ofwarrantyindiminutionorextinctionoftheprice
(c)
suetheSellerfordamagesforbreach
of warranty
(d)
either’b’or’c’

19.
Incaseofinterest
bywayofdamagesandspecialdamagesinasuitbytheselleru/s61,theinterest
maybecalculatedfrom—

(a) dateoftenderofgoods
(b)
dateonwhichtheprice waspayable
(c)
either (a)or(b)
(d)
both (a)and
(b)

20.
Whenunderacontract
ofsale,buyerhaspaidtheprice,butsellerneglectstodelivergoods,buyerhasarighttoclaiminterestontheamountofprice.
Thebuyercanclaim
interest—
(a)
onlywhenhecanrecover
theprice
(b)
onlywhenheisentitledtoclaimdamages
(c)
either (a)or(b)
(d)
both (a)and
(b)

21.
Ifthegoodsarerejectedbythebuyerandthecarrierorotherbaileecontinuesinpossessionofthem, the transit…………even
if the seller has refusedto
receive themback.
(a)
isdeemedtobeatanend
(b)
isnotdeemedtobeatan end
(c)
continues
(d)
both’b’and’c’

22.
Inanauctionsaleofgoods,thesellermakesuseofpretended
biddingtoraisetheprice,thesaleis—
(a)
valid
(b)
void
(c)
voidableattheinstance
ofthebuyer
(d)
unenforceable

23.
Anauctionsaleiscompleteon
the-
(a)
deliveryofgoods
(b)
paymentofprice
(c)
fallofhammer
(d)
Noneoftheabove

24.
Inthecaseofsalebyauction,wheregoodsareputforsaleinlots,eachlotisprimafaciethesubject
of—
(a)
asinglecontractofsale
(b)
aseparatecontractofsale
(c)
either (a)or(b)
(d)
both (a)and
(b)

25.
Inthecaseofsalebyauction,
thesellerofgoodshas arighttobid at
the auction
(a)
withthepermissionoftheauctioneer
(b)
onlywhentherighttobidhasbeenexpresslyreserved
(c)
evenwhentherighttobidhasbeenimpliedly
reserved
(d)
withthepermissionofthebidder

26.
Wherearight
tobidattheauctionhasbeenexpressly
reservedbytheseller,thesellercandepute—
(a)
notmorethanoneagenttobidonhisbehalf
(b)
notmorethantwoagents
tobidonhisbehalf
(c)
notmorethanthreeagentstobidonhisbehalf
(d)
anynumberofagentstobidonhisbehalf

27.
Incaseofsaleby
auction,abid canberecalled
atany timebefore thefall ofhammer.
(a)
True
(b)
Dependsontheauctioneer
(c)
False
(d)
Noneoftheabove

28.
Inthecaseofsalebyauction,assoonasthehammerfalls,goodsbecomethepropertyofthebuyer—
(a)
evenifthereisacondition
thatthegoodsshallbe”
removedbeforepayment
(b)
onlyonpayment

(c) onlyifthereisaconditionthatthegoodsshallnotberemovedbeforepayment
(d)
onlyondelivery

29.
Wherethesaleisnotnotified
tobesubjecttoarighttobidonbehalfofseller,itshallnotbelawfulfortheseller—
(a)
tobidforhimself
(b)
toemployanypersontobidatsuchsale
(c)
either (a)or(b)
(d)
neither(a)nor (b)

30.
Wherethesaleisnotnotifiedtobesubjecttoarighttobidonbehalfofseller,andtheAuctioneerknowinglytakesanybidfromtheSelleroranysuchperson,thesaleshallbetreatedas………..by
thebuyer.
(a)
unlawful
(b)
illegal
(c)
immoral
(d)
fraudulent

31.
An
actby whichan intending
bidder isdiscouragedordissuaded frombiddinginthe
auctionsaleiscalled
(a)
Puffer
(b)
Damping
(c)
Dumping
(d)
Knockout

32.
…………….isaformofcombinationofbuyerstopreventcompetitionamongthemselvesatanauctionsale.
(a)
Knock-outagreement
(b)
monopolyagreement
(c)
oligopolyagreement
(d)
puffingagreement

33.
Inpretended bidding,saleis
(a)
voidableattheoptionoftheseller
(b)
valid
(c)
voidableattheoptionofthebuyer
(d)
illegal

34.
Inan auctionsale,the property shallbesold tobe
(a)
Lowestbidder
(b)
Highestbidder
(c)
Anybidder
(d)
Allbidders

35.
Onauctioneerwillbeliablefordamages:
(a)
Iftheauctioneerhadnoauthority
tosellthegoods.
(b)
Ifthereisadefectinprincipal’stitle.
(c)
Ifthebuyer’spossessionisdisturbedbyauctioneerprincipalorauctioneerhimself.
(d)
All theabove

36.
Unlessexcludedbyanagreementtothecontrary,whereafteracontract
hasbeenmadebutbeforeithasbeenperformed, excisedutyisincreased
(a)
Thebuyerwouldhavetopayincreased
price
(b)
Thesellercannotchargeincreasedprice
(c)
Thesellercanchargeincreased
price
(d)
Both’a’and’c’

37.
TheIndian Partnership Actcameintoforceon:
(a)
1stApril1932
(b)1stJune1932
(c)1stJuly 1932
(d)1stOctober1932,exceptsection69

38.
PriortotheenactmentofIndianPartnershipAct,1932 thelawonthissubject
wascontainedin:
(a) CodeofCivil
Procedure,1908
(b) IndianContract Act,1872
(c) CompaniesAct,1913
(d) NegotiableInstrumentsAct,1881

39.
The term’partnership’has
been definedunder…………of the PartnershipAct,
1932:
(a) Section3
(b) Section4
(c) Section5
(d) Section6

40.
TheIndianPartnership Act,1932 extendstothewholeofIndia except:
(a) TheStateofJammu&Kashmir
(b) TheStateof Jammu&
KashmirandtheStateofSikkim
(c) TheStateofJammu&KashmirandtheNorth-easternStatesofIndia
(d)
TheNorth-EasternStatesofIndia

41.
Whatamong thefollowingisnotanessential
elementofpartnership:
(a) Theremustbe anagreemententeredintobyallthepersons
concerned
(b) Theagreement mustbetosharetheprofits
ofabusiness
(c) Thebusinessmuststartwithinsixmonthsfromthedateofagreement
(d) Thebusiness mustbecarriedonbyalloranyoneofthemactingforall

42.
AJointHinduFamilyiscreated:
(a) Byacontract
(b) Byoperationoflaworstatus
(c) Byregistration
(d) Byalltheabove mode

43.
Aclubistheform
of:
(a)
Associationnotforprofit
(b)
Partnership
(c)
Soleproprietorship
(d)
Publiccompany

44.
ThePartnershipAct,1932
(a)
Specifiesthe minimumnumberofpartners
inafirm
(b)
Specifiesthemaximumnumberofpartners
inafirm
(c)
Both(a)and(b)
(d)
Noneoftheabove

45.
Theceiling onmaximumnumberofpartnersina firmis
laiddownin:
(a) ThePartnership Act,1932
(b) TheIndianContractAct,1872
(c) TheCompaniesAct,1956
(d) CentralGovernmentnotification

46.
Thetestofpartnershipislaiddowninthefollowing
case:
(a) Coxv.Hickman
(b)
Garnerv.Murray
(c)
Mohiribibiv.DharmodasGhosh
(d)
Noneoftheabove

47.
Apartnershipfirm
(a)
Isalegalperson
(b)
Isnotalegalperson
(c)
Hasadistinct
legalpersonality
(d)
Noneoftheabove

48.
Apartnershipformedforthepurposeof
carrying onparticularventure orundertaking
is known as:
(a)
Limitedpartnership

(b) Specialpartnership
(c)
JointVenture
(d)
Particularpartnership

49.
From among thefollowingwhocannotbecomeapartner ofthefirm?
(a)
AHindujointfamily
(b)
Minor
(c)
DirectorofaCompany
(d)
AlimitedCompany.1pt”>50.
Undersection4of theIndian Partnership Act,1932,partnershipisa:(a)
Compulsorylegalrelationship(b)
Voluntarilylegalrelationship(c)
Arelationarising
fromstatus
(d)
Arelationforacharitablepurpose