1. An agreement to sell the transfer of property in goods from the seller to buyer takes place ---------
a) At the end of the contract
b) Immediately
c) In a future date
d) D) Both (B) and (C)
2.Which of the following is not a subject matter in a sale of goods act?
a) Trade mark
b) Electricity
c) Money
d) water
3. A consideration in a contract of sale must be --------- only
a) Goods
b) Movable only
c) Price
d) Purchase
4.-------------------- means no one gives what they do not have.
a) Caveat emptor
b) Caveat venditor
c) Nemo dat quod non habet
d) None of the above
5. Baldry V. Marshal is a leading case relating to
a) Fitness for buyer
b) Sale under a patent or trade name
c) Consent by fraud
d) none of the above
6.Where the partnership is at will a partner can retire any time
a) By consent
b) By agreement
c) By notice
d) all the above
7.A minor admitted to the benefits of a firm has a right to -------
a) Such share of the property and of the profits of the firm as may be agreed upon
b) Have access to and inspect and copy any of the accounts of the firm
c) Both (A) and (B)
d) Any of the above.
8. A minor can
a) Inspect the books of accounts and other books
b) Inspect the book of accounts not othr books and papers
c) Cannot inspect the book of accounts
d) None of the above
9. When a minor becomes a partner, his personal liability commences from ------
a) The date of his first admission
b) The date of majority
c) The date fixed by all the partners
d) Any one of the above
10. On the retirement of a partner, the firm –
a) Ceases to exist
b) Continues to exist
c) Depends
d) None of the above.