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81. Where the transfer of the property in the goods is to take place at a future time or subject to some condition, then such contract is called:
An agreement to sell
A contract to Sale
Future Contract
Conditional contract
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82. What are the requisites of the contract of sale:
An Offer and delivery of goods
An Offer to buy or sell goods, for a price and its acceptance
An Offer, delivery, possession, and acceptance
An Offer, price, delivery, and acceptance
83. According to the Sale of Goods Act, 1930, ‘seller’ means a person:
who only agrees to sell the goods
who only sells the goods
who sells or agrees to sell
who transfers the possession of the goods to the other party
84. Where the goods are of perishable nature or where the unpaid seller exercises his right of lien or right of stoppage of goods in transit and gives notice to the buyer for payment and buyer does not pay or tender within a reasonable time, an unpaid seller may:
Resell the goods and can recover the damages from the original buyer
Cannot resell the goods
Ask the buyer again to make payment
Take possession and mark the goods as bad
85. _____________ is termed as consideration in a contract of sale:
Exchange money
Barter money
Price
Reward
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