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41. Before the enactment of Sale of Goods Act, the provisions regarding Sale of Goods were contained in:
Indian Contract Act, 1872
Indian Registration Act, 1908
Transfer of Property Act, 1882
Indian Partnership Act, 1932
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42. Which of the following cannot be said to be included in the term “goods” defined under section 2(7) of the Sale of Goods Act, 1930:
Stock
Shares
Growing crops
Actionable claims
43. Which of the following most appropriately describes the term “sale” as per Sale of Goods Act, 1930:
A contract whereby the seller transfers the property in goods
A contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price
A contract where the transfer of the property in goods is to take place at a future time
A contract where the transfer of the property in goods is to take place subject to some condition thereafter to be fulfilled
44. When does an agreement to sell become a sale as per the provisions of Sale Of Goods Act, 1930:
When the seller transfers the property in goods
When the seller agrees to transfer the property in goods
When the time elapses or the conditions subject to which the property in the goods is to be transferred are fulfilled
Agreement to sell is deemed to be a sale
45. What can be the subject matter of the contract of sale as per section 6 of the Sale of Goods Act:
Only existing goods owned or possessed by the owner
Only Future goods
Existing goods which are neither owned nor possessed by the owner
Existing goods, owned or possessed by the owner or future goods
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