S agreed to sell 10 silver coins for 4,000 to B. This is an example of contract of sale.

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CMA Foundation Exam: Fundamentals of Laws Practice Test — practice the complete quiz, review flashcards, or try a random question.

The CMA Foundation exam syllabus includes the following topics under the Fundamentals of Business Laws and Business Communication (FBLC) paper:
Indian Contract Act, 1872
Sale of Goods Act, 1930
Negotiable Instruments Act, 1881

Section A: Introduction, sources of law, legislative process in India, legal methods and court system in India 
 


S agreed to sell 10 silver coins for 4,000 to B. This is an example of contract of sale.