Kavya..

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Question

Correct Answer

Your Answer

Barter system Sale of goods Act, 1930

Exchange of goods for goods Movable goods

Exchange of goods for goods Movable goods

Caveat emptor

Let the buyer beware

Let the buyer beware

Sale

Exchange of goods for price

Exchange of goods for price

True/False Question

A Cheque is a Bill of Exchange.

Correct Answer True Your Answer

True

Multiple Choice Single Answer Question The sum payable in Bill of exchange must be :Correct Answer Certain Your Answer

Certain

True/False Question

Consideration is required in formal contracts.

Correct Answer False Your Answer

True

True/False Question

A banker is a mercantile agent.

Correct Answer False Your Answer

True

Multiple Choice Single Answer Question A consumer need not be an individual but it also includes :Correct Answer A juristic person Your Answer

A juristic person

Multiple Choice Multiple Answer Question Following are the conditions needed to prove an act of a partner is an act of a partnership firm Correct Answer such a act be done in a ordinary course of a partnership firm , it