Questions Paper CA - CPT Mercantile Low
1. Which is an instance of Symbolic Delivery of Goods-
a. Abandonment by a person who is in possession of the goods
b. Transfer of a Bill of Lading
c. Physical Delivery of goods
d. All of the above
Ans. (b)
2. Goods are said to be in a...............,when they are in such state that the buyer would, under ,be bound to take delivery of them.
a. Delivery state
b. Delivered state
c. Processed state
d. Clean state
Ans. (b)
3. Selection .......of the Sale of Goods Act, 1930 defines the term ”Documents of Title to Goods”.
a. 2(1)
b. 2(2)
c. 2(3)
d. 2(4)
Ans. (d)
4. The definition of “Documents of title to goods” given in the Sale of Goods Act, is-
a. Exhaustive
b. Inclusive
c. Exclusive
d. Not clear
Ans. (b)
5. The definition of the term “Documents of Title to Goods” given in the Sales of Goods Act, is descriptive.
a. True
b. Partly True
c. False
d. Subject to conditions.
Ans. (a)
6. Under Sec.2(4) of the Sale of Goods Act, a pucca delivery order enabling a person to obtain delivery on payment of price is-
a. Deemed as a Document of Title
b. Not a Document of Title
c. Document enabling title to Goods
d. Not a valid document at all.
Ans. (b)
7. A Document of Title to Goods enables the person named therein to transfer the property therein-
a. By mere endorsement
b.By mere delivery
c. Both (a) and (b)
d. Either (a) or (b)
Ans. (c)
8. A share Certificate is a-
a. Document of Title to Goods
b. Bill of Exchange
c Document Showing Title to Goods
d. Instrument of Transfer
Ans. (c)
9. A Bill of Lading is a-
a. Bill of Exchange
b. Promissory Note
c. Cheque
d. Document of Title to Goods.
Ans. (d)
10. A Bill o Exchange is Document of Title to Goods
a. True
b. Partly True
c. Conditionally True
d. False
Ans. (d)
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