ACC307 TMA4

ACC307 TMA4 List of Questions

Q1 A contract of Hire is synonymous with Hire-Purchase. Justify this assertion.
Not Correct
Uncertain
Correct
None of the above

Q2 Goods not yet in existence, and goods in existence but not yet acquired by the seller at the point of making the contract are known as what?
Future Goods
Ascertained Goods
Existing Goods
None of the above

Q3 Goods identified and agreed upon at the time the contract of sale was made are known as what?
Ascertained Goods
Existing Goods
Future Goods
None of the above

Q4 Goods that are owned and possessed by the seller at the time of contract are known as what?
Existing Goods
Ascertained Goods
Future Goods
None of the above

Q5 A voluntary and gratuitous transfer of any property from one person to another is known as what?
Alienation
Transference
Gift
Assignment

Q6 A transaction under which goods are delivered by one party (the bailor) to another (the bailee), on certain specified terms, which generally provide that the bailee is to have possession of the goods and subsequently redeliver then to the bailor in accordance with his instruction is known as what?
A Sale of Goods
A Negotiable Action
A Fret Forwarding
A bailment

Q7 “A contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration called the price” is known as what?
Hire-Purchase
Commercial Dealing
Bargaining
Sale of Goods

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