🧪 Business Accounting MCQ Quiz Hub

1. The contract of sale made by?
May be implied from the conduct of the parties
In writing
All of the above
None of these

2. The person who is representator of agent is…..
Principle
Middle man
Principal
None of these

3. The act of agent on behalf of principal is?
Intention
Consideration
Policy
None of these

4. When agency is ratified it must communicated with…
Principal
Third party
Agent
All of the above

5. The goods which are contingent is part of……
Unascertained
Ascertained
Future
Existing

6. In sale contract , the parties make statement which is known as…..
Promises
Stipulations
Agreement
None of these

7. The condition on title is an example of…..
Express condition
Express warranty
Implied warranty
None of these

8. The condition for quality or fitness is ?
Implied warranty
Implied condition
Express warranty
None of these

9. The warranty of quiet possession is?
Express warranty
Express condition
Implied condition
All of the above

10. According to the Sale of Goods Definition Section 2(7) the word goods meanings are?
All type of properties
Property without actionable claims & money
All type of movable properties
All type of movable property, without actionable claims & money

11. Consideration can be defined as…
Income
Benefit
Profit
All of these