A. Sonia can cancel the contract alleging fraud
B. Sonia cannot cancel the contract
C. Sonia can cancel the contract alleging undue influence
D. Sonia can claim damages
✅ The correct answer is option D.
Business Laws
42. An unpaid seller is having rights against
A. Goods only
B. The buyer only
C. Both goods and buyer
D. None of the above
✅ The correct answer is option C.
43. In Indian Contract Act, the term consensus ad idem means
A. Parties under a mistake
B. Parties under the free consent
C. Parties agreeing upon the same thing in same sense
D. None of these
✅ The correct answer is option C.
44. The unpaid seller has right of stoppage of goods in transit only where the buyer
A. Becomes insolvent
B. Refuses to pay price
C. Acts fraudulently
D. All of these
✅ The correct answer is option A.
45. A husband, by a registered agreement promised to pay wife Rs 5,000 p.m. there was no consideration moving from the wife to the husband. This contract is
A. Void
B. Illegal
C. Valid
D. Unenforceable
✅ The correct answer is option C.
46. Where the seller wrongfully neglects or refuses to deliver the goods to the buyer, the buyer may sue for:
A. Damages for non-delivery
B. Damages for non-acceptance
C. Specific performance
D. Compensation
✅ The correct answer is option A.
47. A, a minor bought 11 expensive coasts from B. he was, at that time, adequately provided with clothes, but B did not know this fact. In such a case
A. Minor is personally liable to pay for the coast
B. Minor’s property can be attached for payment
C. Minor is liable since he has Misled into supply of coats
D. Minor is not liable at all
✅ The correct answer is option C.
48. As per the doctrine of caveat emptor incorporated in Section 16, there is no implied conditions or warranty in a contract of sale as to the
A. Merchantability.
B. Wholesomeness.
C. Quality or fitness for buyer’s purpose.
D. None of these.
✅ The correct answer is option C.
49. Where the goods are sold by description, there is an implied condition that the goods shall
A. Be fit for buyer’s purpose
B. Free from any defects
C. Correspond with the description
D. Free form any encumbrance
✅ The correct answer is option C.
50. A sold a stolen car to B which was subsequently recovered by the police form B’s possession and he (B) was forced to return the same to the true owner. Here, there is breach of implied condition as to
A. Merchantability
B. Fitness for buyer’s purpose
C. Title
D. None of these
✅ The correct answer is option C.