1. As per Section 182 of the Contract Act, an agent is one ----------
a) Who is employed by another
b) To do any act for another
c) To represent another in dealing with third person
d) All of the above
2. A sub-agent is a person -------
a) Who works under the main agent
b) Who carries out the order and direction of a person under whom he works directly
c) Who works on behalf of the main agent
d) Employed by and acting under the control of the original agent in the business of agency
3.Substituted agent is -----------
a) Agent’s agent
b) Principal’s agent
c) None of the above
d) Both (A) and (B)
4.Ratification of authority means
a) Delegation of powers
b) Subrogation
c) Termination of agency
d) Confirmation to make valid or sanction an act which is already done.
5.An agency is terminated -----------
a) By the principal revoking the authority
b) By the agent renouncing the business of agency
c)By either the principal or agent dying or becoming of unsound mind
d) All the above
6. Voluntary transfer of possession from one person to another is called -----
a) Sale
b) Purchase
c) Delivery
d) Exchange
7. Which of the following Section of the Sale of Goods Act, 1930 defines the term “Goods”?
a) Section 2(7)
b) Section 2(5)
c) Section 2(4)
d) Section 2(9)
8. Goods to be manufactured or produced or acquired by the seller after making of the contract of sale are -----
a) Contingent goods
b) Future goods
c) Unascertained goods
d) None of the above
9.The definition of goods in the sale of goods act include ---
a) Stock and shares
b) Money
c) Actionable claims
d) All the above
10. Seller means a person -----
a) Who sells
b) Who agrees to sell
c) Both of the above
d) None of the above