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Legal Aspects of Business MCQ - Legal Aspects of Business Section 2

41 Before the enactment of Sale of Goods Act, the provisions regarding Sale of Goods were contained in:

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:

43 Which of the following most appropriately describes the term “sale” as per Sale of Goods Act, 1930:

44 When does an agreement to sell become a sale as per the provisions of Sale Of Goods Act, 1930:

45 What can be the subject matter of the contract of sale as per section 6 of the Sale of Goods Act:

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Question:

Choose the most appropriate option in respect of a Sale which is not generally rescinded by lien or stoppage in transit:

A. A contract of sale is rescinded by the exercise of an unpaid seller’s right of lien or stoppage of lien
B. Where an unpaid seller who has exercised his right of lien or stoppage in transit resells the goods, the buyer of such goods does not acquire a good title thereto as against the original buyer.
C. Where the seller resells the goods in case of buyer’s default the original contract of sale is not rescinded
D. Where the unpaid seller who has exercised his right of lien or stoppage in transit gives notice to buyer of his intention to resell, the unpaid seller may resell the goods within a reasonable time and recover damages incurred due to his breach of the contract from the original buyer

Correct answer: D

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