{"id":55705,"date":"2024-04-16T00:31:57","date_gmt":"2024-04-16T00:31:57","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=55705"},"modified":"2024-04-16T00:31:57","modified_gmt":"2024-04-16T00:31:57","slug":"a-continuous-supply-of-goods-requires-one-of-the-following-as-a-must","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-continuous-supply-of-goods-requires-one-of-the-following-as-a-must\/","title":{"rendered":"A continuous supply of goods requires one of the following as a must:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;The goods must be notified by the Commissioner in this behalf;&#8221; option2=&#8221;The contract for supply lasts for a minimum period of 3 months;&#8221; option3=&#8221;The supply is made by means of a wire, cable, pipeline or other conduit;&#8221; option4=&#8221;Supplier invoices the recipient on a regular or periodic basis.&#8221; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>B. The contract for supply lasts for a minimum period of 3 months.<\/strong><\/p>\n<p>A continuous supply of goods is a supply of goods that is made over a period of time and is not completed in a single transaction. In order to be considered a continuous supply, the contract for supply must last for a minimum period of 3 months. This is because a continuous supply is considered to be a single supply, even if it is made over a period of time, if the contract for supply lasts for a minimum period of 3 months.<\/p>\n<p>Option A is incorrect because the goods do not need to be notified by the Commissioner in order for a supply to be considered a continuous supply.<\/p>\n<p>Option C is incorrect because the supply does not need to be made by means of a wire, cable, pipeline or other conduit in order for it to be considered a continuous supply.<\/p>\n<p>Option D is incorrect because the supplier does not need to invoice the recipient on a regular or periodic basis in order for a supply to be considered a continuous supply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;The goods must be notified by the Commissioner in this behalf;&#8221; option2=&#8221;The contract for supply lasts for a minimum period of 3 months;&#8221; option3=&#8221;The supply is made by means of a wire, cable, pipeline or other conduit;&#8221; option4=&#8221;Supplier invoices the recipient on a regular or periodic basis.&#8221; correct=&#8221;option2&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[969],"tags":[],"class_list":["post-55705","post","type-post","status-publish","format-standard","hentry","category-gst","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A continuous supply of goods requires one of the following as a must:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/a-continuous-supply-of-goods-requires-one-of-the-following-as-a-must\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A continuous supply of goods requires one of the following as a must:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;The goods must be notified by the Commissioner in this behalf;&#8221; 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