Foundation PN-1 Fundamentals of Business Laws & Business Communications Quiz 5

A cheque is crossed............... when it bears across its face an addition of the name of a banker, either with or without the words “not negotiable”.

In a promissory note, the amount of money payable :

If a minor draws, endorses, delivers or negotiates an instrument, such instrument binds :

The term ‘negotiation’ in section 14 of the Negotiable Instruments Act, 1881 refers to :

The term ‘Negotiable instrument’ is defined in the Negotiable Instruments Act, 1881, under section:

Cheque is a              .

A bill of exchange contains a/an :

The undertaking contained in a promissory note, to pay a certain sum of money is :

A valid contract of sale

The Sale of Goods Act, 1930 governs the transfer of property in

Property in the goods in the Sale of Goods Act, 1930 means

The doctrine of Caveat emptor is not applicable

Unpaid Seller can exercise his right of withholding delivery of goods —

Unpaid Seller can exercise his right of re-sale of goods—

Unpaid Seller can exercise his right of lien —

The term “Unpaid Seller” includes —

The term “Unpaid Seller” includes —

There are modes of delivery.

Delivery of the keys of a godown where goods are kept amounts to:

For a valid contract of sale, delivery may be:

Delivery of goods means-

Which of the statement is incorrect in connection with duties of seller and buyer:

Voluntary transfer of possession from one person to another is called as :

Section 19 of the Sale of Goods Act, deals with passing of property of ...............goods.

A Bill of Lading is a —