CA CPT Mercantile Law Question Papers 2012

16. Implied condition of merchantability is when buyer examines the good.

a) Existed
b) Preassumed
c) Is applicable
d) Not applicable

17. Unpaid seller can sell the goods in the following cases:-

a) When the goods are of perishable nature
b) When the goods are of durable nature
c) When the unpaid seller gives a notice to the buyer
d) Both a and c

18. "Jus in personam" means; right against :-

a) Specific goods
b) Specific person
c) Public at large
d) None of these

19. The essence of "Right of Lien" is to _____________

a) Retain possession
b) Regain
c) Sell of goods
d) All of the above

20. When the buyer gives the price of the good and seller becomes insolvent then what remedy is available with buyer against the goods and the seller?

a) Only rateable dividend in respect of price
b) Goods if property in goods has passed to the buyer
c) No claim on goods
d) Both a and b