Business Law Multiple Choice Question MCQ
Categories: Multiple Choice Question
1. Which of following result in an offer- (A) A declaration of intention (B) an invitation to offer, (C) an advertisement offering reward to anyone who finds lost dog of the advertise, (D) an offer made in a joke. Correct answer: (C) 2. An agreement made with an alien enemy is (A) unlawful on the ground of public policy (B) unlawful because it becomes difficult to be performed (C) valid, d)voidable. (D) Correct answer: (A) 3. A contract to pay B Rs. 10,000 if B s house is burnt – This is a (A) wagering agreement (B) void (C) voidable agreement (D) contingent contract Correct answer: (D) 4. The case of Mohiri Bibi v. Dharmodas Ghose (1903) deals with- (A) communication of offer (B) communication of acceptance (C) a minors agreements (D) fraud Correct answer: (C) 5. Each party is a promisor and a Promisee in case of – (A) past consideration (B) present consideration (C) every contract (D) reciprocal promises Correct answer: (D) 6. The case of Taylor v. caldwell (1883)deals with- (A) discharge of contract by destruction of subject matter, (B) anticipatory breach of contract (C) discharge of contract by death of a party (D) breach of contract. Correct answer: (A) 7. A promise made without the intention of performing it amounts to – (A) innocent misrepresentation (B) fraud (C) negligent Misrepresentation (D) wrongful misrepresentation Correct answer: (B) 8. A minor , by misrepresenting his age , borrows some money – (A) he can be sued for the fraud, (B) he cannot be sued for the fraud (C) he is liable to return the money (D) None of the above. Correct answer: (B) 9. If there is a fraudulent misrepresentation as to the contents of a document , the contract is – (A) void, (B) voidable, (C) valid (D) illegal Correct answer: (B) 10. There is a counter-offer when- (A) the offeree gives conditions for acceptance or introduces a fresh term in acceptance (B) the offerer makes a fresh offer (C) the offeree makes some query. (D) the offeree accepts it. Correct answer: (A) 11. An agreement made without consideration is (A) valid, (B) illegal, (C) voidable (D) void Correct answer: (D) 12. On the face of the ticket for a journey the words ― for conditions see back are printed in small print. The passenger ________________ (A) is bound by the conditions whether he takes care to read them or not. (B) is not bound by the conditions (C) may not take note of the conditions (D) none of the above. Correct answer: (A) 13. A contract creates (A) rights in personam, (B) rights in rem, (C) only rights and no obligations, (D) only obligations and no rights. Correct answer: (B) 14. A mere attempt at deceipt by a party to a contract __________ (A) is not fraud unless the other party is actually deceived (B) is fraud whether the other party has been deceived ornot (C) amounts to misrepresentation (D) none of the above. Correct answer: (A) 15. If there is a fraudulent misrepresentation as to the character of a document , the contract is __________ (A) void, (B) voidable, (C) valid (D) illegal Correct answer: (A) 16. The case of nordenfelt v. maxim nordenfelt gun co. (1904)deals with (A) agreement in restraint of legal proceedings, (B) minor‘s agreements (C) agreement in restraint of trade (D) agreement in restraint of marriage. Correct answer: (C) 17. When promisee refuses to accept performance from the promisor who offers to perform, it is _________ (A) attempted performance, (B) vicarious performance, (C) tender (D) frustration of contract. Correct answer: (A) 18. Assignment by operation of law takes place _________ (A) by the mutual consent of parties (B) by the will of either party (C) when the subject matter of a contract ceases to exist. (D) by the death of a party to a contract. Correct answer: (D) 19. Where a contract could not be performed because of the default by a third person on whose work the promisor relied , it ________________ (A) is not discharged (B) is discharged (C) becomes void (D) becomes voidable. Correct answer: (A) 20. Specific performance may be ordered by the court when ________ (A) the contract is voidable (B) damages are an adequate remedy (C) damages are not an adequate remedy (D) the contract is uncertain. Correct answer: (C)