Question
Statement 1: The delivery of the object in contracts of sale always transfers ownership over such object. Statement 2: The vendor shall not be bound
Statement 1: The delivery of the object in contracts of sale always transfers ownership over such object. Statement 2: The vendor shall not be bound to deliver the thing sold, if the vendee has not paid him the price.*
Both statements are true
Both statements are false
Only statement 1 is true
Only statement 2 is true
Where the seller delivers to the buyer a quantity of goods less than he contracted to sell, what is/are the available remedy/ies of the buyer?*
The buyer can rescind the contract
The buyer can reject the goods
The buyer can accept the goods so delivered & pay at the contract rate if he knew that the seller is not going to perform the contract in full
All of the above
B and C only
Statement 1: If there is no agreement between the parties or usage of trade, delivery can be made at the place of business of the seller. Statement 2: If there is an agreement between the parties, delivery shall be made at the residence of the seller.*
Both statements are true
Both statements are false
Only statement 1 is true
Only statement 2 is true
Statement 1. Goods which are still to be manufactured at the time of the sale can be considered as objects of sale and the sale is perfected when there is a meeting of minds to that effect. Statement 2. Things subject to resolutory condition may be the object of the contract of sale.*
Only Statement 1 is true
Only Statement 2 is true
Both Statements are true
Both Statements are false
Statement 1. In a contract of sale if the thing or article is lost before delivery to the vendee, the vendor bears the loss. Statement 2. Sale is commutative which means that both parties give and receive equivalent values.*
Only Statement 1 is true
Only Statement 2 is true
Both Statements are true
Both Statements are false
In case of breach of warranty against hidden defect, the seller is liable to pay, except?
The value of the thing sold at the time of the eviction
Expenses in the execution of the contract of sale
Cost of the suit
Damages and Interest
All of the above
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