Sale of Goods Board Questions with Answer
Table of Contents
BRIEF ANSWER QUESTIONS [2 MARKS]
1.[2023 Fall Q. No. 9] Hpw do you define unpaid seller.
Answer: An unpaid seller is someone who sold goods but has not been fully paid. This includes cases where a check or payment fails.
2. [2021 Spring Q.No. 9] Generally, company is based on limited liability concept. What does it mean?
Answer: Limited liability means the owners are only responsible for company debts up to their share value. Their personal property is safe.
3. [2021 Fall Q. No. 3] [2018 Fall Q. No. 4][2017 Fall Q. No. 3] [2016 Spring Q. No. 9] Who is unpaid seller?
Answer: An unpaid seller is someone who sold goods but has not been fully paid. This includes cases where a check or payment fails.
4. [2019 Fall Q. No. 5] KIshor agreed to buy one kilogram of sugar from Mahesh by giving one kg of salt in return to Mahesh. Is this contract of sale? state one important reason for your answer.
Answer: Exchanging sugar for salt is not a sale because a sale requires goods to be exchanged for money, not other goods.
5. [2019 Spring Q. No 3] Point out two disctinctions between sale and agreement to sell.
Answer: In a sale, ownership transfers immediately, but in an agreement to sell, it transfers later. A sale is a completed contract, while an agreement to sell is not yet completed.
6. [2019 Spring Q. No. 6] Who is an Unpaid seller? Write any one of the right of unpaid seller in a sale of goods contract.
Answer: An unpaid seller is someone who sold goods but has not been fully paid. This includes cases where a check or payment fails.They can stop the goods in transit to recover their loss.
7. [2018 Spring Q. No. 4] State two major difference between conditions and warranties in a contract of sale.
Answer: A condition is very important to the contract, but a warranty is less important. Breaking a condition cancels the contract, while breaking a warranty only allows a claim for damages.
8. [2017 Spring Q. No. 4] Who is an Unpaid seller? Write two rights of an unpaid seller against the buyer personally?
Answer: An unpaid seller is someone who has sold goods but has not received payment. They have the right to sue the buyer for the price of the goods or for damages if the buyer breaches the contract. These rights allow the seller to recover their financial loss from the buyer.
SHORT ANSWER QUESTIONS [ 10 MARKS]
9. (2023 Fall Q. No. 14) Discuss the rights of an unpaid seller and the rights of a buyer in different circumstances. Click here for Answer
10. (2022 Spring Q. No. 11) Discuss the rights of an unpaid seller against the buyer personally. Click here for Answer
11. (2018 Spring Q. No. 16) Discuss the rights of an unpaid seller. Click here for Answer
12. (2018 Fall Q. No. 13) Define condition and warranty. How they differ from each other? Click here for Answer
13. (2017 Fall Q. No. 13) What do you mean by transfer of ownership? State and explain the conditions for transfer of ownership of goods. Click here for Answer
14. (2017 Spring Q. No. 13) Explain the implied condition and warranty in a sale of goods contract and state the consequences of their breach. Click Here for Answer
15. (2016 Spring Q. No. 13) What is a finder of lost goods? What are the rights and duties of a finder? Click here for Answer
Write Short Notes on:
1. (2019 Spring Q. No. 17 a) Unpaid seller Click here for Answer
2. (2019 Fall Q. No. 13 a) Caveat Emptor Click here for Answer
3. Discuss the rights of an unpaid seller against the buyer and the goods. Click Here for Answer
4. Discuss the important features of the contract of sale of goods with an example. Click here for Answer