Business Studies/Business Law Set 3 Sample Test,Sample questions

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Question:
  Ordinary damages are damages which _____________

1. Arise in the usual course of things from the breach

2.Which are in the contemplation of the parties at the time when the contract is made? C.

3. Are agreed in advance

4. Are given by way of punishment for breach of contract

Posted Date:-2022-01-08 05:40:33


Question:
 A minor enters into a contract for the purchase of certain necessaries. In such a case_____________.

1. he is not personally liable to pay.

2.he is liable to pay

3.his estate is liable to pay.

4.his guardian is liable to pay.

Posted Date:-2022-01-08 09:34:40


Question:
 A undertakes to paint a picture of B. he die before he paints the picture. The contract ________.

1. is discharged by death

2.becomes voidable at the options of b.

3.becomes of voidable at the options of legal representatives of a.

4.will have to performed by legal representatives of A.

Posted Date:-2022-01-08 05:51:26


Question:
 An agreement made with out consideration is _____________.

1. valid.

2.illegal

3.voidable

4.void

Posted Date:-2022-01-08 09:46:30


Question:
 An agreement made with out consideration is _____________.

1. valid.

2.illegal

3.voidable

4.void

Posted Date:-2022-01-08 09:48:12


Question:
 An agreement made with out consideration is _____________.

1. valid.

2.illegal

3.voidable

4.void

Posted Date:-2022-01-08 09:48:59


Question:
 An agreement to do an act impossible in itself_________.

1. is void.

2.. is voidable

3.is void ab initial

4.becomes void when impossibility is discovered

Posted Date:-2022-01-08 06:02:24


Question:
 Anticipatory breach of a contract takes place _____________

1. A. During the performance of the contract

2. At the time when the performance is due

3.Before the performance is due

4.At the time when the contract is entered into

Posted Date:-2022-01-08 05:43:29


Question:
 If a new contract is substituted in place of an existing contract, it is called________.

1. alteration.

2.rescission

3.novation

4.waiver

Posted Date:-2022-01-08 06:01:27


Question:
 On attaining the age of majority a minors agreement _____________.

1.can be ratified by him.

2.cannot be ratified by him.

3.becomes void.

4.becomes valid.

Posted Date:-2022-01-08 09:37:35


Question:
 Regulation as to the opening and closeting of business in a market are

1.Not unlawful even if they are in restraint of trade.

2.Unlawful because they are restraint of trade.

3.Void

4.Not valid.

Posted Date:-2022-01-08 06:14:41


Question:
 The case of Hadely Bv. Baxendale (1854) 8 Ex .Ch 341 deals with

1. Anticipatory breach of contract

2.Quantum of damages

3.Supervening impossibility

4.Quasi-contract

Posted Date:-2022-01-08 05:45:07


Question:
 The case of Taylor V. Coldwell, (188c. 3 B & S. 8b.6) deals with.

1.. Discharge of contract by destruction of subject matter.

2.Anticipatory breach of contract

3.Discharge of contract by death of a party

4.Breach of contract.

Posted Date:-2022-01-08 06:00:43


Question:
 The foundation of modern law damages was laid down in ___________________.

1.Tinn v. Hoffman.

2.Taylor v. Caldwell.

3.Hadley v. Baxendale.

4.Addis v. Gramophone co.

Posted Date:-2022-01-08 05:48:20


Question:
. If a contract contains an undertaking to perform impossibility, the contract is __________.

1.. void ab initio

2.void

3.voidable at the option of the plaintiff

4.illegal

Posted Date:-2022-01-08 06:03:25


Question:
A bailer is a _________

1. A. a right of a particular lien over the goods bailed

2.a right of generation

3.a right of both particular and general lien

4.no lien at all over the goods bailed

Posted Date:-2022-01-08 05:36:28


Question:
A contract has become more difficult of performance due to some uncontemplated events or delays. The contract______________.

1.is discharged.

2.is not discharged

3.becomes void.

4. becomes voidable.

Posted Date:-2022-01-08 05:57:54


Question:
A creditor agrees with his debtors and a third party to accept that the third as his third patty as debtor the contract is discharged by ________________.

1.alteration.

2.waiver

3.rescission

4.performance

Posted Date:-2022-01-08 05:56:06


Question:
A lends Rs 500 to B. he later tells B that he need not repay the amount, the contract is discharged by __________.

1.breach

2.waiver

3.notation

4.performance

Posted Date:-2022-01-08 05:59:16


Question:
A minor, by misrepresenting his age, borrows some money_____________.

1.he can be sued for fraud.

2.he is liable to return the money

3.he cannot be sued for fraud.

4.he is not liable to return the money.

Posted Date:-2022-01-08 09:35:56


Question:
A promise to subscribe to a charity. The promise is a _____________

1.voidable contract.

2.void agreement

3.void contract.

4.valid contract.

Posted Date:-2022-01-08 09:45:52


Question:
An agreement with or by a minor is _____________.

1. A. void.

2.voidable at the option of the minor.

3.voidable at the option of the other party

4.valid.

Posted Date:-2022-01-08 09:43:02


Question:
An agreement with or by a minor is _____________.

1. A. void.

2.voidable at the option of the minor.

3.voidable at the option of the other party

4.valid.

Posted Date:-2022-01-08 09:44:30


Question:
An employee, by the terms of his service agreement, is prevented from accepting a similar engagement after the termination of service. The restraint is __________.

1.valid

2.void

3.illegal

4.unenforceable

Posted Date:-2022-01-08 06:13:59


Question:
Consideration in a contract _____________.

1.may be past, present, or future.

2.may be present or future only.

3. must be present only.

4.must be future only.

Posted Date:-2022-01-08 09:49:49


Question:
Contracts made before war with an alien enemy which are against public policy are _____________.

1. suspended and are revived after the war is over.

2.dissolved

3.not affected at all.

4. void ab initio.

Posted Date:-2022-01-08 09:31:53


Question:
Each party is a promisor and a promise in case of

1. Past consideration.

2.Present consideration

3.Every contract.

4.Reciprocal promises.

Posted Date:-2022-01-08 06:11:21


Question:
Each party is a promisor and a promise in case of

1. Past consideration.

2.Present consideration

3.Every contract.

4.Reciprocal promises.

Posted Date:-2022-01-08 06:11:29


Question:
Flaw of capacity to contract may arise from _____________.

1.. want of consideration.

2. unsoundness of mind.

3. illegality of object

4.uncertainty of object.

Posted Date:-2022-01-08 09:28:37


Question:
Flaw of capacity to contract may arise from _____________.

1.. want of consideration.

2. unsoundness of mind.

3. illegality of object

4.uncertainty of object.

Posted Date:-2022-01-08 09:28:55


Question:
Owing to a strike in the factory of A, he is not able to supply the goods to B as per the terms of the
agreement. The agreement in such a case

1.discharged.

2.is not discharged

3.becomes void.

4.is voidable

Posted Date:-2022-01-08 06:04:12


Question:
S and P go into a shop. S says to the shopkeeper, C let P have the goods and if he does not pay you I will. This is a __________

1. A. contract of guarantee

2.Contract of indemnity

3.Wagering contract

4.Quasi-contract

Posted Date:-2022-01-08 05:38:53


Question:
Sale of goods for cash is an example of__________.

1.rescission of contract.

2. waiver of contract

3.discharge of contract

4.assignment of contract

Posted Date:-2022-01-08 06:09:37


Question:
The case of Nordenfelt V. Maxim Nordenfelt Gun Co., (190d.b.9 B.L.R 107 deals with.

1.Agreements in restraint of legal proceedings.

2. Minors agreement.

3. Agreements in restraint of trade.

4.Agreements in restraint of marriage.

Posted Date:-2022-01-08 06:13:01


Question:
The case of Satyabrata Ghose V. Mugneeram Bangur and co., (195d. SC 44) deals with__________

1.agreement opposed to public policy.

2.supervening impossibility.

3.contract of guarantee.

4.agencies

Posted Date:-2022-01-08 05:54:27


Question:
The court may grant rescission were the contract is __________.

1.voidable at the option of the plaintiff

2.void.

3.unenforceable

4.illegal.

Posted Date:-2022-01-08 05:49:40


Question:
When the promisee refuses to accept performance from the promiser who offers to perform, it is __________.

1.attempted performance

2. vicarious performance.

3.tender

4. frustration of contract.

Posted Date:-2022-01-08 06:10:30


Question:
When two or more persons have made a joint promise, then unless a contrary intention appears from the contract all such person must fulfil the promise__________.

1. jointly.

2.severally

3.jointly and severally.

4. jointly or severally.

Posted Date:-2022-01-08 06:07:42


Question:
Where both the parties to an agreement are under a mistake as a matter of fact essential to the agreement, the agreement is

1. void.

2.voidable

3.illegal

4.not affected at all.

Posted Date:-2022-01-08 06:15:19


Question:
Where consent is caused by fraud or misrepresentation, the contract is _____________.

1.voidable at the option of the aggrieved party.

2.void.

3.unenforceable.

4.not affected in any manner

Posted Date:-2022-01-08 09:26:41


Question:
Where there is no specific agreement as to place, the goods sold are to be delivered at the place______________

1.At which they are at the time of sale.

2.To be determined by the seller

3.Desired by the buyer.

4.Of the buyer.

Posted Date:-2022-01-08 09:30:25


Question:
Where there is no specific agreement as to place, the goods sold are to be delivered at the place______________

1.At which they are at the time of sale.

2.To be determined by the seller

3.Desired by the buyer.

4.Of the buyer.

Posted Date:-2022-01-08 09:30:28


Question:
Where there is no specific agreement as to place, the goods sold are to be delivered at the place______________

1.At which they are at the time of sale.

2.To be determined by the seller

3.Desired by the buyer.

4.Of the buyer.

Posted Date:-2022-01-08 09:30:59


Question:
Where there is no specific agreement as to place, the goods sold are to be delivered at the place______________

1.At which they are at the time of sale.

2.To be determined by the seller

3.Desired by the buyer.

4.Of the buyer.

Posted Date:-2022-01-08 09:31:05


More MCQS

  1. Business Studies-[Class 11-MCQ ]-Chapter 1- Nature and Purpose of Business
  2. Business Studies-[Class 11-MCQS ]-Chapter 2 Forms of Business Organisation
  3. Business Studies-[Class 11-MCQS ]-Chapter 3 Private, Public and Global Enterprises
  4. Business Studies-[Class 11-MCQS ]-Chapter 4 Business Services
  5. Business Studies-[Class 11-MCQS ]-Chapter 5 Emerging Modes of Business
  6. Business Studies-[Class 11-MCQS ]-Chapter 6 Social Responsibilities of Business
  7. Business Studies-[Class 11-MCQS ]-Chapter 7 Formation of a Company
  8. Business Studies-[Class 11-MCQS ]-Chapter 8 Sources of Business Finance
  9. Business Studies-[Class 11-MCQS ]-Chapter 9 Small Business
  10. Business Studies-[Class 11-MCQS ]-Chapter 10 Internal Trade
  11. Business Studies-[Class 11-MCQS ]-Chapter 11 International Business
  12. Business Studies-[Class 11-MCQS ]-Chapter 12 International Business
  13. Business Studies-[Class 12-MCQS ]-Chapter 1 Nature and Significance of Management
  14. Business Studies-[Class 12-MCQS ]-Chapter 2 Principles of Management
  15. Business Studies-[Class 12-MCQS ]-Chapter 3 Business Environment
  16. Business Studies-[Class 12-MCQS ]-Chapter 4 Planning
  17. Business Studies-[Class 12-MCQS ]-Chapter 5 Organising
  18. Business Studies-[Class 12-MCQS ]-Chapter 6 Staffing
  19. Business Studies-[Class 12-MCQS ]-Chapter 7 Directing
  20. Business Studies-[Class 12-MCQS ]-Chapter 9 Financial Management
  21. Business Studies-[Class 12-MCQS ]-Chapter 10 Financial Market
  22. Business Studies-[Class 12-MCQS ]-Chapter 11 Marketing
  23. Business Studies-[Class 12-MCQS ]-Chapter 12 Consumer Protection
  24. Financial Accounting MCQ Part – 2
  25. Financial Accounting MCQ Part – 3
  26. Business Economics MCQ Part 2
  27. Business Economics MCQ Questions and Answers Part – 3
  28. Corporate Finance MCQ Set 1
  29. Corporate Finance MCQ Set 2
  30. Direct Tax MCQ Set 2
  31. Business Information Systems MCQ Set 1
  32. Business Information Systems MCQ set 2
  33. Business Information Systems MCQ set 3
  34. Business Law MCQ Set 1
  35. Business Law MCQ Set 2
  36. Business Law Set 3
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