1.M/s Queen Ltd. needs to get M/s. George Ltd. The monetary record

of King Ltd. as on 31st March, 2012 is as per the following:

Liabilities $ Assets $

Held profit 784557.54

12% Debentures 154577.635

Loan bosses and different liabilities 526321.526

Account holders 154877.968

Inventories 968777.524

Plants and Eqpt. 203244.54

Extra Information:

(I) Shareholders of King Ltd. will get one offer in Queen Ltd. for

each two offers. Outside liabilities are relied upon to be settled at $

526354.48. Portions of Queen Ltd. would be given at its present cost of $ 15

per share. Debenture holders will get 13% convertible debentures in

the buying organization for a similar sum. Borrowers and

inventories are required to acknowledge $ 2,00,000.

(ii) Queen Ltd. has chosen to work the matter of King Ltd. as

a different division. The division is probably going to give incomes (after

charge) to the degree of $ 526354.48 every year for a very long time. Queen Ltd. has

arranged that, following 6 years, this division would be demerged and

discarded for $ 2,00,000.

(iii) The organization$s expense of capital is 19.6446%

Make a report to the Board of the organization exhorting them about the

monetary attainability of this obtaining.

2. The target of the Sale of Goods Act, 1930 is to characterize and change the law identifying with :

a) Sale of Immovable Properties c) Agreements to Sell

b) Sale of Goods d) All of the abovementioned.

3. The Sale of Goods Act, 1930 stretches out to the entire of India, with the exception of the condition of :-

a) Maharashtra c) Tamilnadu

b) Jammu and Kashmir d) Uttar Pradesh.

4. The Sale of Goods Act, 1930 came into power in -

a) 1st day of July, 1930 c) first day of January, 1930

b) 1st day of September, 1930 d) 31st day of December, 1930.

5. The unrepealed arrangements of the ____________ Act will keep on applying to contracts for

the offer of merchandise, save to the extent that they are conflicting with the express arrangements of the

Offer of Goods Act.

a) Transfer of Property Act c) Indian Contract Act

b) Indian Evidence Act. d) Partnership Act.

6. The expression "Merchandise" is characterized in segment ______________ of the Sale of Goods Act, 1930.

a) 2(5) c) 2(7)

b) 2(6) d) 2(8).

7. Which of coming up next are excluded from the expression "Merchandise" under the Sale of Goods Act -

a) Stock and Shares c) Growing Crops, Gross and so forth

b) Actionable Claims d) Personal Use of Property.

8. Move of Actionable claim(s) is represented by the arrangements of the Sale of Goods Act.

a) True c) False

b) Partly True d) None of the abovementioned.

9. "Celebration Coins" are products inside the significance of Section (27) of the Sale of Goods Act.

a) True c) False

b) Partly True d) None of the abovementioned.

10. Under the Sale of Goods Act, " ... Goods" signifies products which ae not in

presence at the hour of making the agreement of Sale.

a) Ascertained Goods c) Specific Goods

b) Future Goods d) Perishable Goods