BUSINESS LAW - I MCQS (T.Y B.COM) - Study For Buddies

Sunday, February 7, 2021

BUSINESS LAW - I MCQS (T.Y B.COM)

T.Y B.COM
SEMESTER - 5

MID SEMESTER EXAMINATION
BUSINESS LAW - I
MCQS - OCTOBER 2018


1) Which of the following is/are correct position of minors agreement?

i. Minor can be an agent.

ii. Minor cannot pled minority.

iii. Minor cannot be a promise or beneficiary. 

a) i and iii

b) i

c) i and ii

d) ii and iii

 

2) Which of the following are legal rules as to considration?

i. It may move at the desire of the promisor.

ii. It may moire from the promise or any other person.

ii. It must be real arid: not illusory.

iv. It may be past, present or future.

a) i,ii and iii

b) iii and iv

c) i,iii and iv

d) i, ii, iii and iv

 

3) A promise made without any intention of perfoiining it amounts to_________

a) Mistake

b) Fraud

c) Coercion

d) Under influence

 

4) An erroneous belief about something is

a) Fraud

b) Under influence

c) Mistake

d) Coercion

 

5) Substitutioli of a new contract for the original contract is called_____

a) Remission

b) Novation

c) Alteration

d) Merger

 

6) W agreed to sing at L’s theatre only, during contract period. during the contract period, W made contract with Z to sing at another theatre & refused to perform the contract with L. Suggest the proper remedy for L.

a) Quantum merit

b) Rescission

c) Injunction

d) Specific performance

 

7) The person to whom offer is made is called as

a) Proposer

b) Offeree

c) Acceptor

d) Offer or

 

8) Which of the following is/are not exceptions to the rule, stranger to the contract cannot sue?

i. A trust or charge

ii. Marriage settlement

iii. Charitable subscription

iv. Acknowledgement

a) i, ii and iv

b) i and ii

c) iii and iv

d) iii

 

9) An agreement which is enforceable by law at be option of one or more of the paries there to but not at the option of other or other is________

a) Illegal agreement

b) Voidable contract

c) Void contract

d) Void agreement

 

10) Where the promises of both the parties are to be performed simultaneously, they are said to be______

a) Mutual and concurrent

b) Mutual and dependent

c) Mutual and independent

d) None of the Above


11) Promises which form the consideration or part of the consideration for each other are called_____

a) Cross promises

b) Reciprocal promises

c) Vertical promises

d) Horizontal promises


12) X offers to sell his car to Y  For rupees 3,00,000. Y accepts X’s offer. X delivers car to Y and Y pays rupees 3,00,000 to X. it is a/an

a) Bilateral contract

b) Executed contract

c) Partly executed and partly executor

d) Executor contract

 

13) Which of the following are legal rules as to Offer?

i. It must be such as in law is capable of being accepted and giving rise to legal relationship.

ii. Terms of offer must be certain.

iii. Terms of offer must be ambiguous.

iv. A statement of price is not and offer.

a) ii and iii

b) ii, iii and iv

c) i, ii and iv

d) i, ii, iii and iv

 

14) The finder of the goods can sell the goods when______

i. The thing found is perishable in nature.

ii. The owner cannot, with reasonable diligence, be found out.

iii. The owner is found out, but he refuses to pay the lawful charges of the finder.

a) ii and iii

b) i and iii

c) i, ii and iii

d) i and ii

 

15) Which of the following are not legal rules as to acceptance?

i. It must be qualified

ii. It must be according to the prescribed mode or reasonable mode.

iii. It can precede and offer.

iv. It can be given at any time.

a) ii and iii

b) i and iv

c) ii and iv

d) i, ii, iii and iv

 

16) Where there is right, there is remedy can be expressed as_____

a) Nemo dat quad non habet

b) Quid pro Quo

c) Ubi jus Lbi Remedium

d) Ignorantia Juris non excusate.

 

17) Choose the correct exceptions to the rule, a contract without consideration is void_______

i. Love and Affection

ii. No compensation for voluntary services.

iii. Promise to ay a time – barred debt

iv. Competed gift 

a) i, iii and iv

b) ii, iii and iv

c) i, ii and iii

d) i, ii, iii and iv

 

18) In which of the following cases,  a contract is discharged by operation of law....

i. Death

ii. Insolvency

iii. Unauthorized material Alteration 

a) i, ii and iii

b) Only iii

c) i and ii

d) ii and iii

 

19) In which of the following cases; a contract is discharged by stiperierig impossibility?

i. Destruction of subject matter

ii. Change of law

iii. Failure by third party

iv. Outbreak of war 

a) ii, iii and iv

b) i, ii and iii

c) i, ii and iv

d) i, ii, iii and iv

 

20) Damages which arose naturally and directly in the usual course of thing S from such breach, are called as, damages to______ 

a) Special damages

b) Ordinary damages

c) Nominal damages

d) Vindictive damages

 

21) In case of wrongful dishonor of cheque by banker the court may award aggrieved party. 

a) Ordinary damages

b) Vindictive damages

c) Special damages

d) Nominal damages

 

22) An agreement with idiot is______

a) Valid

b) Void

c) Voidable

d) Unilateral

 

23) A quasi contract rests on the principle of______ 

a) Estoppel

b) Holding out

c) Equity

d) None on the above

 

24) in which of the following cases, a contract is not discharged by supervening impossibility?

i. Destruction of subject matter

ii. Change of law

iii. Failure by third party 

a) i and ii

b) ii and iii

c) i and iii

d) Only iii

 

25) Who must perform contract?

i. Promisor himself

ii. Legal representatives

iii. Joint promisors

a) i and ii

b) Only iii

c) ii and iii

d) i, ii and iii

 

26) X of vadodara sends a latter by post to Y of mumbai offering to sell his car. this latter is posted on 1st october 2018 and reaches to Y on 7th october 2018. Y sends his acceptance by post on 10th october 2018 and X receives the latter on 15th october 2018. If X wants to revoke his offer, what is the date before which X can revoke his offer? 

a) 1st october 2018

b) 20th october 2018

c) 10th october 2018

d) 15th october 2018

 

27) Chose the requisites of a valid tender

i. Conditional

ii. At proper time

iii. To proper person

a) Only i

b) i and ii

c) Only ii

d) ii and iii

 

28) Suit for specific performance is not maintainable

i. Where the contract is of personal nature.

ii. Where damages are an adequate remedy.

iii. Where the contract is made by a company in excess of its power laid down in memorandum of association

a)  Only i

b) i, ii and iii

c) ii and iii

d) Only ii

 

29) Where a guardian of minor’s person or property has been appointed under the guardian and wards Act, 1890 he attains majority after ________  year of age.

a) 21

b) 20

c) 18

d) 25

 

30) A proposal when accepted becomes______

a) Promise

b) Consideration

c) Offer

d) Agreement


For More Detail Contact Us And Follow On Study For Buddies

Thank You

No comments:

Post a Comment