Solved Sale of Goods Act (Mercantile _ Business Law)

Sale of Goods Act MCQs for Competitive Exams

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Topic Notes: Sale of Goods Act

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Sale of Goods Act MCQs in Commerce are useful for candidates who need targeted practice for CSS, PMS, FPSC, PPSC, NTS, entry tests, and other competitive exams in Pakistan. This topic page is designed for quick revision, repeated practice, and exam-focused preparation.

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In which year was the Competition Act officially enacted?

2001

2003

None of these

2000

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In a contract for the sale of goods based on both sample and description, what condition must be met regarding the bulk of the goods?

the bulk of goods shall correspond with sample while it is not necessary that the bulk of goods shall correspond with the description

the bulk of goods shall correspond with the sample as well as description

the bulk of goods shall correspondent with the description and it is not necessary that the bulk of goods correspond with the sample

variation of the bulk of goods with the sample and description of goods is only to be treated as a breach of warranty

Report

Which section of the Competition Act, 2002, specifically addresses anti-competitive agreements?

Section 4

Section 5

Section 2

Section 3

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What is the primary objective of the Sale of Goods Act 1979?

consumer’s benefits

consumer’s protection

consumer’s profit

partnership with consumer

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Under the Sale of Goods Act, 1930, when does an agreement to sell transition into a completed sale?

When the seller transfers the property in goods

Agreement to sell is deemed to be sale

When the seller agrees to transfer the property in goods

When the time elapses or the conditions subject to which the property in the goods is to be transferred are fulfilled

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In an unconditional contract for the sale of specific goods in a deliverable state, when does the ownership (property) in the goods transfer to the buyer?

When the party Intends to transfer

At the time of the payment of the price of goods

When the contract is made irrespective of whether the time of payment of price or delivery of goods is postponed or not

At the time of delivery of goods

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According to Section 6 of the Sale of Goods Act, what constitutes the valid subject matter of a contract of sale?

Existing goods which are neither owned nor possessed by the owner

Only existing goods owned or possessed by the owner

Existing goods, owned or possessed by the owner or future goods

Only Future goods

Report

What is considered the primary requirement for an invention to be granted a patent?

Exclusivity

Novelty

Process complexity

Disclosure

Report

Which of the following acts specifically governs commercial business transactions?

the unsolicited goods and service act 1971

credit consumer act 1979

the fair trading act 1973

the sale of goods act 1979

Report

Which type of agreement stipulates that the ownership of goods remains with the seller until the full purchase price has been paid in installments?

hire purchase agreement

consumer credit agreement

conditional sale agreement

credit sale agreement

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Sale of Goods Act MCQs for Competitive Exams

Sale of Goods Act MCQs for Competitive Exams

Topic Notes: Sale of Goods Act

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