Important Paper CLAT
1. Which of these elements are not relevant in the case of hire purchase agreement?
(a) Transfer of property on payment of final instalment
(b) Buyers position is that of a bailee
(c) Can transfer title to the property to other persons
(d) Buyer may terminate the contract
Ans (c)
2 .......... not applicable to Hire purchase agreements.
(a) capacity of parties
(b) consideration
(c) implied conditions and warranties
(d) delivery of possession
Ans (c)
3. Which of these are not levied in a hire purchase contract ?
(a) excise duty
(b) octroi
(c) sales tax
(d) all the three
Ans (c)
4. A hire purchase agreement does not give right to .......... to the buyer.
(a) peaceful possession
(b) peaceful enjoyment
(c) pass good title
(d) all the above
Ans (c)
5. When we say property in goods has passed on to the buyer we means ..........
(a) buyer is the absolute owner of the goods.
(b) buyer is the beneficial owner
(c) buyer has dejury possession of the property
(d) buyer is owner subject to due payment of purchase price
Ans (a)
6. Goods defined by only description and may form part of lot are also called ..........
(a) ascertained goods
(b) unascertained goods
(c) future goods
(d) contingent goods
Ans (b)
7. A contract for repair of car and the supply of parts for that purpose is a ..........
(a) contract for sales
(b) agreement to sell
(c) contract for work and materials
(d) bailment contract
Ans (c)
8. Instalments paid by the hire purchaser is treated as ..........
(a) Price
(b) bayana
(c) advance payment
(d) hire charges
Ans (d)
9. A document to be treated as a document of title to goods should satisfy which of the following conditions ..........
(a) such document must be used in the ordinary course of business
(b) unconditional undertaking to deliver the goods to the purchaser.
(c) possessor of documents must be entitled to receive the goods
(d) all the three
Ans (d)
10. Where in an agreement to sell the goods the price is to be fixed by a third party, failure of such party to fix the price renders the contract—
(a) Void
(b) Voidable
(c) Illegal
(d) Discharge
Ans (a)
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