Multiple Choice Multiple Answer
Question
Promise may be fraud if it is made
Correct Answer without intending to perform it , to deceive
Your Answer
to mislead other , to deceive , to misguide others
True/False
Question
If one of the parties to the contract dies the contract becomes void.
Correct Answer False
Your Answer
True
Multiple Choice Single Answer
Question
Waiver
Correct Answer vDeliberate abandonment of a rights by the parties to the contract
Your Answer
An inferior right accruing to one of the parties as contract merges into a
superior right accruing to the same party under the same or other contract.
Multiple Choice Single Answer
Question
The ownership capital of the company is divided into a number of
Correct Answer Shares,
Your Answer
Shares,
True/False
Question
A commission agent is generally appointed for selling and buying goods on
behalf of his principal
Correct Answer True
Your Answer
True
Multiple Choice Single Answer
Question
The term of central protection council is
Correct Answer three years
Your Answer
five years
Select The Blank
Question
A sale can only be in the case of ________ Or ________ goods.
Correct Answer future
Your Answer
generic
Correct Answer generic
Your Answer
ascertained
Multiple Choice Single Answer
Question
One of the characteristics of Company is that it is
Correct Answer an artificial person
Your Answer
an artificial person
Multiple Choice Multiple Answer
Question
Following is true about the Articles of Association
Correct Answer it is required to be signed by the subscribers of the memorandum of
association , is to be registered along with the memorandum , a public
company may have its own articles of association
Your Answer
it is required to be signed by the subscribers of the memorandum of
association , is to be registered along with the memorandum , a public
company may have its own articles of association
True/False
Question
No consideration is required in formal contracts
Correct Answer True
Your Answer
True
Multiple Choice Multiple Answer
Question
A person is deemed to be dominated the will of another if
Correct Answer a real or apparent authority over them , he stands in a fiduciary relation to
other
Your Answer
some authority is held over the other party , a real or apparent authority
over them , he stands in a fiduciary relation to other
Select The Blank
Question
When the person to whom the proposal is made ________ his assent
thereto, the proposal is said to be ________
Correct Answer Signifies
Your Answer
Signifies
Correct Answer Accepted
Your Answer
Accepted
Match The Following
Question
Correct Answer
Your Answer
Two parties
Contract of Sale
Agreement to sell
Monetary consideration
Price for the goods
Price for the goods
Unpaid Seller
Right of lien on goods
Contract of Sale
Future Goods
Agreement to sell
Right of lien on goods
Identified Goods
Ascertained Goods
Ascertained Goods
Select The Blank
Question
Any person claiming himself as a consumer must ________ that the
services must have been ________ to him
Correct Answer prove
Your Answer
prove
Correct Answer rendered
Your Answer
provided
True/False
Question
An unpaid seller has a right against the goods but does not have any
personal right against the buyer.
Correct Answer False
Your Answer
True
Multiple Choice Single Answer
Question
The rights & liabilities of an expelled partner
Correct Answer are exactly same as that of a retiring partner
Your Answer
do not have any rights at all
Multiple Choice Single Answer
Question
If there is breach of a condition, the aggrieved party gets a right to.
Correct Answer repudiate the contract
Your Answer
Discard the contract
Multiple Choice Single Answer
Question
Unless there is any agreement to the contrary, on the insolvency of any of
the partners of the partnership firm, the firm
Correct Answer is automatically dissolved
Your Answer
continues for a fixed period
Multiple Choice Single Answer
Question
Illusory consideration can also be called as
Correct Answer deceptive
Your Answer
deceptive
Multiple Choice Single Answer
Question
In a private company shares can
Correct Answer be but with restrictions transferred
Your Answer
not be transferred
Select The Blank
Question
An Order of the Court asking a person to do or to ________ from doing a
particular act, which is the subject matter of the contract, is known as
________
Correct Answer Quasi
Your Answer
refrain
Correct Answer Injunction
Your Answer
Injunction
True/False
Question
The estate of a deceased partner or the legal representatives of a
deceased partner cannot be held liable for any act of the firm.
Correct Answer True
Your Answer
True
Select The Blank
Question
________ is the ________ number of members to be present at the
meetings to conduct the business of the meeting as required by law
Correct Answer quorum
Your Answer
quorum
Correct Answer minimum
Your Answer
minimum
Select The Blank
Question
As per Sec. 2 (1) (O) of the Consumer Protection Act, Service ________
Include rendering of any service under a contract of ________ service.
Correct Answer doesnot
Your Answer
does
Correct Answer personal
Your Answer
public
Multiple Choice Multiple Answer
Question
Following are the essentials of valid acceptance
Correct Answer acceptance must be qualified , acceptance must be communicated to the
offeror
Your Answer
acceptance must be qualified , acceptance can be communicated at any
time , acceptance must be communicated to the offeror
True/False
Question
In case the object of an agency becomes unlawful, the agency cannot be
terminated
Correct Answer False
Your Answer
True
Multiple Choice Multiple Answer
Question
Misrepresentation contains following ingredients
Correct Answer positive assertion , breach of duty without intention to deceive , causing
another party to make a mistake as to the substance of the thing
Your Answer
breach of duty with intention to deceive , breach of duty without intention to
deceive , causing another party to make a mistake as to the substance of
the thing
Multiple Choice Multiple Answer
Question
The maker, acceptor or endorser respectively of a negotiable instrument is
discharged from liability thereon by
Correct Answer release , payment , non cancellation
Your Answer
non-acceptance , release , payment
Multiple Choice Multiple Answer
Question
To turn an agreement into contract the consideration
Correct Answer should be legal , should be lawful , should be law abiding
Your Answer
should be legal , should be lawful , should be law abiding
Select The Blank
Question
When the ________ of contract becomes ________ , such contract need
not be performed
Correct Answer performance
Your Answer
performance
Correct Answer impossible
Your Answer
impossible
Select The Blank
Question
________ Is Any fault imperfection or shortcoming in quantity, quality,
purity or standard to be ________ by or under any law for the time being in
force under any contract express or implied is cla
Correct Answer Defects
Your Answer
Defects
Correct Answer maintained
Your Answer
maintained
True/False
Question
Bill of Exchange need not be stamped property
Correct Answer True
Your Answer
False
Select The Blank
Question
A ________ is a Cheque drawn with a ________ date.
Correct Answer Post-dated
Your Answer
Post-dated
Correct Answer future
Your Answer
future
Multiple Choice Multiple Answer
Question
One of the characteristics of Company is that it is
Correct Answer an artificial person
Your Answer
national person , an artificial person , international person
Multiple Choice Single Answer
Question
Where a contract of sale is subject to any condition to be fulfilled by the
seller, the buyer may
Correct Answer Waive the condition
Your Answer
add new the condition
True/False
Question
Company can be termed as a Body Corporate.
Correct Answer True
Your Answer
True
Multiple Choice Single Answer
Question
The altered memorandum must be filed within
Correct Answer three months of the company law boards order
Your Answer
one month of the company law boards order
Match The Following
Question
Correct Answer
Your Answer
Partner by holding-out
Partner by estoppel
Partner by estoppel
Dissolution of partnership
Completion of ventures
Completion of ventures
Right of a partner
To retire
To retire
Partner is liable
Loss caused by fraud
Loss caused by fraud
Sleeping Partner
Dormant Partner
Dormant Partner
Multiple Choice Single Answer
Question
an example of implied agency is
Correct Answer Agency by Holding-out
Your Answer
Agency by Holding-out
Multiple Choice Multiple Answer
Question
Consent means
Correct Answer assent of another , assent to support a claim , consent of the offeror to the
contract
Your Answer
assent to support a claim , consent from the elements which vitiates it ,
consent of the offeror to the contract
True/False
Question
An agent does not have the right to enter into contracts with third parties
Correct Answer False
Your Answer
False
Multiple Choice Multiple Answer
Question
Negotiable Instruments recognized by usage are
Correct Answer Hundies , S.T. Receipts for goods , Pay off Orders
Your Answer
Hundies , S.T. Receipts for goods , Postal Orders
Select The Blank
Question
Where a ________ promise is made to pay either cash or money’s worth
for an uncertain event, it is known as ________ contract
Correct Answer conditional
Your Answer
Wagering
Correct Answer Wagering
Your Answer
Contingent
True/False
Question
Stock is a synonym used for Shares.
Correct Answer False
Your Answer
True
Multiple Choice Multiple Answer
Question
A company is a legal person with a perpetual succession
Correct Answer it never dies , it can be put an end to only by process of law
Your Answer
it never dies , it can be put an end to only by process of law
Select The Blank
Question
________ is an invitation made to the ________
Correct Answer Prospectus
Your Answer
Prospectus
Correct Answer public
Your Answer
public
Multiple Choice Multiple Answer