T.Y B.COM
SEMESTER - 5
BUSINESS LAW - I
MCQS = 2009 - 2010
1) In order to have a lawful Consideration, it must move at the desire of __________.
a) Promisor
b) Third party
c) Promisee
d) Both the party
2) Once a Novation is made between the same party, the original contract _______
a) Comes to an end
b) Remain in Operation
c) Novation is not permissible under law
d) None of the above
3) Where a promisor could not perform because of the default by third person on whose work the promise relied, the contract ______
a) Is discharged
b) is not discharged
c) becomes void
d) becomes voidable
4) The court may grant rescission of contract where the contract is _______.
a) voidable at the option of defendant
b) voidable at the option of plaintiff
c) voidable
d) void
5) Specific performance may be ordered by the court when _______.
a) contract is uncertain
b) contract is voidable
c) Damages are not an adequale remedy
d) Damages are an adequate remedy
6) The Latin term 'Quid pro quo' is used for ______.
a) Acceptance
b) Promise
c) Offer
d) Consideration
7) Where a contract contain any special terms, it must be brought to the notice of the other party ______.
a) At the time of formation of contract
b) After the formation of the contract
c) At any moment
d) Not necessary
8) Anticipatory breach of contract takes place _______.
a) During the performance of contract
b) at the time when performance
c) at the time when the contract is entered into
d) before the performance is due
9) Where consent is obtained under coercion, it renders the contract?
a) Illegal
b) valid
c) void
d) voidable
10) A contract made by lunatic during the interval of his sound mind is __________.
a) voidable
b) void
c) Illegal
d) valid
11) In which f the following case it was established that agreement by minor is void ab -initio ______
a) Moharibibi v. Dharmaodas Gosh
b) Mayuribibi v. Dharamdas Gosai
c) Mohanbai v. Dharmsingh Desai
d) None of the above.
12) 'X agreed to sell his car to Y". X's consent was obtained by threat to commit a murder. The consent of X is caused by _________.
a) Undue influence
b) Compulsion
c) Coercion
d) Mistake
13) Pratik invites Mihir for a dinner. Mihir accept the invitation. Such an agreement is a __________.
a) Merely a social agreement
b) Valid contract
c) Voidable contract
d) Void contract
14) In case of joint promises, the liability of joint promisors are
a) Individual only
b) Joint only
c) Joint as well as several
d) Must perform jointly
15) Which of the following statement is false in context to Consideration?
a) Consideration must be real and not illusory
b) Consideration may be past, present or future
d) Consideration must be illegal
c) Consideration need not be adequate
16) According to Indian Majority Act where a person in whose case guardian or wad is appointed by the court for his person or property the age of majority is _________.
a) 18 years
b) 20 years
c) 22 years
d) 21 years
17) Which of the following relationship raise a presumption of undue influence?
a) Trustee and beneficiary
b) Doctor and patient
c) Solicitor and client
d) all of above
18) Which of the following is not an exception to the rule that 'contract without consideration is void'?
a) Love and affection
b) completed gift
c) Charitable subscription
d) Political Contribution
19) Aman gives a threat to her wife Niketa that if she fails to transfer some of her property in favour of his brother Girish, he will commit a suicide. Accordingly she sign the transfer deed in favour of Girish, In such a case Consent of Niketa is cause by _________.
a) Coercion
b) Misrepresentation
c) Fraud
d) Undue influence
20) Offer can be accepted only by the person to whom it is made?
a) Public
b) Specific
c) General
d) open
21) An agreement enforceable by law is a / an _________.
a) Consideration
b) Acceptance
c) Contract
d) Offer
22) An agreement to do an impossible act in itself is __________.
a) Valid contract
b) Void agreement
c) Voidable agreement
d) Illegal agreement
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