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CBSE Questions for Class 12 Commerce Business Studies Consumer Protection Quiz 9 - MCQExams.com
CBSE
Class 12 Commerce Business Studies
Consumer Protection
Quiz 9
Under Sec. $$36(4)$$, demand or tender of delivery may be treated as ineffectual unless made __________.
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during business hours
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during operating hours
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at a reasonable hour
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at an appropriate hour
Explanation
Under section 36(4), demand or tender of delivery may be treated as ineffectual unless made at a reasonable hour. It means if the delivery of goods is not done in time, it will produce no desired effect on delivery.
Seller sends the goods to the buyer at larger or smaller quantity than ordered quantity. What is the option for the buyer?
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Reject the whole quantity
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Accept the whole quantity
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Accept (or) reject the whole quantity
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All of the above
Explanation
If the seller sends the goods to the buyer at a larger or smaller quantity than the ordered quantity, then the buyer can either accepts or rejects the whole quantity.
Hence, option (C) is the correct answer.
In case of excess-delivery, i.e., more than the contracted quantity, the Buyer can _______.
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Reject in full
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Accept the contract quantity and reject the excess
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Accept the whole
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Either (A) or (B) or (C)
Explanation
If the seller sends the goods to the buyer at a larger or smaller quantity than the ordered quantity, then the buyer can either accepts or rejects the whole quantity. Therefore, in case of excess delivery, that is, more than the contracted quantity, the buyer can either reject the goods in full, accept the contract quantity and rejects the excess, or accept the whole.
Hence, option (D) is the correct answer.
Rights of an unpaid seller include ________.
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Right against the goods
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Right of stoppage in transit
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Right of re-sale
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All of the above
Explanation
Rights of an unpaid seller include:-
a) Right against the goods
b) Right to stoppage in transit: the seller can stop the delivery of goods in the mid way.
c) Right to resell: he has the right to sell those goods again to some other persons.
Hence, option (D) is the correct answer.
Where the Seller agrees to deliver the Goods at his own risk at ____________, the Buyer shall bear the risk of deterioration necessarily incident to the course of transit, unless otherwise agreed.
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A place other than at which they are sold
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A place where the goods were, at the time of sale
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Both (a) and (b)
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Either (a) or (b)
Explanation
Where the Seller agrees to deliver the Goods at his own risk at a place other than at which they are sold, the Buyer shall bear the risk of deterioration necessarily incident to the course of transit unless otherwise agreed. In this case, if the goods get destroyed while delivering, the buyer bears all the risks.
Hence, option (A) is the correct answer.
A agreed to sell $$100$$ quintals of rice to B, B does not like that quality and refuse them __________.
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B can do so and he is not liable for any loss
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B can do so, but he is liable to pay for care and custody of goods
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B has no right to do so but he is liable to pay damages
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none of the above
Explanation
A agreed to sell 100 quintals of rice to B, B does not like that quality and refuse them because B can do so, but he is liable to pay for care and custody of goods.
Under the sale of goods act $$1930$$, In case the seller delivers to the buyer a quantity less than the goods brought under the contract, the buyer ________.
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May reject the whole goods delivered
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Should not reject the goods delivered as more quality might he demanded
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May resell the goods delivered
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Gives price less than contracted price for the goods delivered
Explanation
In case the seller delivers to the buyer a quantity less than the goods brought under the contract, the buyer may reject the whole goods delivered under the sale of goods act 1930. Hence, if the seller supplies less quantity of goods to the buyer, the buyer has the right o return the whole quantity of goods.
Hence, option (A) is the correct answer.
Under Section $$42$$ of the Sale of Goods Act, acceptance of goods by the Buyer _______.
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Can be conditional
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Can be absolute
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Either (A) or (B)
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Neither (a) nor (b)
Explanation
Under section 42 of the Sale of Goods Act, acceptance of goods by the Buyer either can be conditional or absolute. Buyer's acceptance can be conditional as buyers can accept goods on certain terms and conditions. The buyer's acceptance is absolute when without any conditions, the buyer accepts the goods.
Hence, option (C) is the correct answer.
Where Goods are bulky/heavy and it is not possible to physically hand over them to the Buyer, some symbol which carries with it the real possession or control over the Goods is handed over to the Buyer. This is a case of _______.
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Actual delivery
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Constructive delivery
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Symbolical delivery
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Forward delivery
Explanation
Where Goods are bulky/heavy and it is not possible to physically hand over them to the Buyer, some symbol which carries with it the real possession or control over the Goods is handed over to the Buyer. This is a case of symbolic delivery.
Symbolic delivery refers to the type of delivery when goods are delivered by way of gift or sale as the actual delivery becomes cumbersome.
Hence, option (C) is the correct answer.
Which of the following rights cannot be exercised by an Unpaid Seller when the property in goods has passed to the Buyer?
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Right of Lien
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Right of Stoppage of goods in transit
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Right of Re-sale
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Right of withholding delivery of goods
Explanation
Right of withholding delivery of goods cannot be exercised by an Unpaid Seller when the property in goods has passed to the Buyer since the seller cannot withhold the delivery of goods when the seller is unpaid by the buyer.
Unpaid Seller sells goods to the new buyer who was in possession of the goods. The new buyer _________.
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Gets good title to the goods
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Does not get good title to the goods
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Gets good title to the goods subject to consent of original buyer
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None of these above
Explanation
Unpaid Seller sells goods to the new buyer who was in possession of the goods. The new buyer gets good title to the goods since the unpaid seller has the right to resell, that is, whenever the seller does noy receive the payment, he can resell the goods to new buyers.
Hence, option (A) is the correct answer.
A,B,C and D are carrying on business of mobile exports. A was aware of the price of mobile and good knowledge in the purchasing of mobiles. A made personal transaction in the name of the firm.
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A will not be liable for firm.
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It is enough to inform about his private business.
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A has to account personal profits to firm.
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A has done fraud.
Explanation
A,B,C and D are carrying on business of mobile exports. A was aware of the price of mobile and good knowledge in the purchasing of mobiles. A made personal transaction in the name of the firm. In this case, A has to account personal profits to fir since A is not the only partner of the firm.
Which of the following is not right of an unpaid seller?
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To resell the goods
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To stop the goods in transit
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To retain the goods
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To demand back the goods
Explanation
To demand back the goods is not the right of an unpaid seller. When the seller does not pay the amount, then he does not have any right to demand back the goods.
Hence, option (D) is the correct answer.
Where the goods are of perishable Nature, unpaid seller can ________.
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Sue for price
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Repudiate the contract before due date
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Resell the goods
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Sue for damages
Explanation
Where the goods are of perishable Nature, the unpaid seller can resell the goods. This means when the goods can get damaged easily, the seller who did not receive the payment, can resell the goods to new buyers.
Hence, option (C) is the correct answer.
M sold Goods to B. The Payment was to be done after one month. B did not make the payment. The Right of Lien can be exercised by M when the Goods are ________.
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handed over to transporters
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not handed over to anyone
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handed over to B
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handed over to anyone
Explanation
M sold Goods to B. The Payment was to be done after one month. B did not make the payment. The Right of Lien can be exercised by M when the Goods are not handed over to anyone. Since the payment is not done by B, M did not hand over the goods to B.
The term "Unpaid Seller" includes _________.
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agent of the Buyer
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agent of the Seller
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agent of the Carrier/Transporter
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all of the above
Explanation
The term "Unpaid Seller" includes the seller or his agent who has not paid the money. Agent of the seller helps the seller to create a place to sell and negoiate with buyers.
Unpaid Seller's right of stoppage in transit can be exercised only when the Buyer is insolvent.
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True
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Partly True
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False
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None of the above
Explanation
Unpaid Seller's right of stoppage in transit can be exercised only when the Buyer is insolvent- this statement is true since when the sellers do not receive the payment from the buyers, he has right to stop the goods in transit.
Hence, option (A) is the correct answer.
The right of lien is available to the Unpaid Seller, only when _________.
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he is not in possession of the goods
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he is in possession of the goods
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he has delivered the goods to the Carrier/Transporter
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he has delivered the goods to the Buyer
Explanation
Right of lien is exercised by the seller, when the seller does not hand over the goods to the buyers because of the fault of payment by the buyers.
The right of lien is available to the Unpaid Seller, only when he is in possession of the goods.
Right of lien is lost for the seller, when __________.
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goods are delivered to the carrier
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buyer or his agent obtains possession of goods lawfully
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seller waives his right of lien
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in all the above cases
Explanation
Right of lien is exercised by the seller, when the seller does not hand over the goods to the buyers because of the fault of payment by the buyers.
Right of lien is lost for the seller, when:
a) goods are delivered to the carrier
b) buyer or his agent obtains possession of goods lawfully
c) seller waives his right of lien
____ account for the bulk of call centre activities with 24 x 7 handling of inbound customer queries and grievances and out-bound activities customer surveys, payment follow up, and telemarketing.
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Agent care
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Customer care
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Seller care
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Manufacturers care
Risk follows ownership ____________.
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Only when goods have been delivered
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Only when price has been paid
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Whether delivery has been made or not
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Even when price has not been paid
Explanation
Risk follows ownership whether delivery has been made or not. The person who owns the good, bears the risk.
Hence, option (C) is the correct answer.
"Consumer Sovereignty" refers to.
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Consumer participation in Production
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Consumer is the Ruler of the State
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Producers produce any type of goods and dump them in the market
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Producers produce only those goods which Consumers prefer to buy
Explanation
The concept of consumer sovereignty has in fact given rise to the concept of a market economy system. A system where in the consumer tastes and preferences that give rise to demand of goods and services will signal producers which kind of goods to produce more.
Hence option d is correct.
Rights of unpaid seller does not include ____________.
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stoppage of goods in transit
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claim for price
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suit for interest
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none of the above
It is the duty of finder to return the goods to true owner. Otherwise, the finder is guilty of ________.
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criminal Misappropriation of goods
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theft
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extortion
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none of the above
In modern competitive market, consumer is regarded as _________.
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King
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Agency
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Superintendent
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None of the above
Explanation
A. King
In the modern market, a consumer is aware of all the products and their prices in different markets. Also, due to internet and e-commerce he has an ease to check out the prices of the goods available with different sellers at the same time. Also the purchasing power of the consumer has increased and thus, he is the king.
Fire Insurance is based on the principle of _________________.
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Utmost Good faith
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Insurable Interest
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Indemnity
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Cooperation
Consumers can ask for information regarding date of manufacture, price, quantity etc. of a product is an example of _____________.
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Right to be heard
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Right to be informed
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Right to choose
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Right to safety
Explanation
The consumer has a right to have complete information about the product he/she intends to buy including its ingredients, date of manufacture, price, quantity, directions for use, etc.
It is because of this reason that the legal framework in India requires the manufacturers to provide such information on the cover during the process of packaging and labeling of the product.
Which of the following is not an objective of establishing the Competition commission of India (CCI)?
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To Prevent practices having adverse effect on competition
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To preserve and sustain competition in markets
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To protest the interest of the customers
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To ensure restriction of the customers and other participants in markets
Explanation
The objective of establishing the competition commission of India (CCI) were:-
$$\bullet$$ Prevent policies and practices which have an adverse effect on constructive competition in the economy.
$$\bullet$$ Promote and help sustain healthy competition in the market.
$$\bullet $$ Look after the interest of the consumers.
According to CCI,
Option D is not the objective of establishing the CCI.
Therefore, Option D is correct answer.
The time limit for filing a complaints before the District forum under the Consumer Protection Act, $$1986$$ is _______.
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One year
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Two years
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Three years
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There is no such time limit
The apex consumer court in India is referred to as _______.
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the Consumer education and research center
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the Consumer unity and trust society
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National consumer disputes redressal commission
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none of the above
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