1.American Imports co., bought USD 487486.582 worth of machines from a firm in New

York, USA. The worth of the rupee as far as the Dollar has been diminishing. The

firm in New York offers 2/10, net 99.0 terms. The spot rate for the USD is $ 57.525; the 99

days forward rate is $ 86.52.

I. Figure the Rupee cost of paying the record inside the 19 days.

ii. Figure the Rupee cost of purchasing a forward agreement to sell the record in

19 days.

iii. The differential between section an and part b is the consequence of the time worth of

cash (the rebate for prepayment) and security from money esteem

vacillation. Decide the size of every one of these parts.

2. To establish a substantial deal, there should be atleast

(a) One Party

(b) Two Parties

(c) Three Parties

(d) Four Parties.

3. At the point when merchandise are given by the purchaser as thought for the products got from the vender it is called

(a) Sale

(b) Agreement to sell

(c) Barter

(d) Bailment.

4. In an Agreement to sell, the property in products is moved in .

(a) Past

(b) Present

(c) Future

(d) There is no exchange to property by any means.

5. "Agreement of Sale" under segment 4 of the Sale of Goods Act, 1930 contains

(a) Both executory and executed agreements of offer

(b) Executory agreement of offer

(c) Executed agreement of offer

(d) Concluded agreement of offer.

6. In a consent to sell, where merchandise lie with the Seller, the danger of loss of products stays with

(a) Either Buyer or Seller

(b) Buyer as it were

(c) Seller as it were

(d) Buyer and Seller to the degree of their offers.

7. Where products are not explicit and ascertainable at the hour of the creation of the agreement, it will

(a) become void

(b) become voidable at the choice of the purchaser

(c) work as a consent to sell

(d) become a substantial agreement of offer.

8. Segment 8 of the Sale of Goods Act, managing products dying before deal, in its application is

(a) Confined to contact of offer

(b) Confined to consent to sell

(c) Either (a) or (b)

(d) Neither (a) nor (b).

9. Under Sec 8 of the offer of Goods Act, 1930 an agreement of offer of merchandise can be stayed away from where the merchandise have died/harmed

(a) Due to the flaw neither of the Buyer nor the Seller

(b) Due to the flaw of the Buyer

(c) Due to the issue of the Seller

(d) Due to the issue of either the Buyer or the Seller.

10. In an agreement of offer, the cost might be

(a) Fixed by the agreement

(b) Agreed to be fixed in a way subsequently concurred

(c) Determined by course of dealings between the gatherings

(d) All of the abovementioned.