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Business Law (MCQs) Set-2

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Q.1. The 3unlawful detention of any property of a person to obtain his consent to a contract amounts to

  1. misrepresentation
  2. fraud
  3. undue influence

 

Answer: (D) coercion.

 

Q.2. A person is usually of sound mind, but occasionally of sound mind

  1. he may enter in to a contract when he is of sound mind,
  2. he may not make a contract even when he is of sound mind
  3. he cannot enter into a contract at all.
  4. None of the above.

 

Answer: (A) he may enter in to a contract when he is of sound mind,

 

Q.3. An offer is made to Mani in crowd It

  1. can be accepted by him alone,
  2. may be accepted by any person who hears it.
  3. may be accepted by his brother
  4. may be accepted by his friends.

 

Answer: (A) can be accepted by him alone,

 

Q.4. A person who is not party t a contract

  1. cannot sue,
  2. can sue,
  3. can sue only in well recognized cases
  4. none of these.

 

Answer: (C) can sue only in well recognized cases

 

Q.5. The contractual capacity of a company is regulated by

  1. its memorandum of association and the provisions of the companies act, 1956
  2. the terms of contract enteredinto with a third party
  3. its articles of association
  4. its prospectus.

 

Answer: (A) its memorandum of association and the provisions of the companies act, 1956

 

Q.6. Merely because a contract was caused by one of the parties to it being under a mistake as to a matter of fact, it isnot

  1. voidable
  2. void
  3. affected at all
  4. none of the above.

 

Answer: (A) voidable

 

Q.7. A wagering agreement is.

  1. forbidden by law,
  2. immoral,
  3. opposed to public policy
  4. none of the above.

 

Answer: (A) forbidden by law,

 

Q.8. Where the debtor does not expressly intimate or where the circumstances attending on a payment do not indicateany intention, the creditor

  1. may apply it to any lawful debt due
  2. May apply it even to a time barred debt.

 

Answer: (A) may apply it to any lawful debt due

 

Q.9. A undertakes to paint a picture of B. He dies before he paints the picture. The contract

  1. is discharged by death
  2. becomes voidable
  3. becomes voidable at the option of the legal representatives of A.
  4. will have to be performed by the legal representatives of A.

 

Answer: (A) is discharged by death

 

Q.10. A quasi contract

  1. is a contract
  2. as an agreement
  3. creates only legal obligation
  4. is none of these

 

Answer: (C) creates only legal obligation

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Business Law (MCQs) Set-2