Q.(1). Offering the relief by way of specific relief of contract is
a)
b)
c)
d)
Q2
at discretion of court
right of person & court must give it.
provided in contract act
both (b) & (c).
In Breach of contract, compensation is clamed for
a)
b)
c)
d)
the proximate & natural consequences of breach
Indirect consequence of breach
Remote consequence of breach
All of the above
Q.(3). When contract is divisible, & one party has Enjoyed the benefit of part performance then the
other party may sue on quantum meriut it is.
a)
b)
c)
d)
False
Party true
True
None
Q.(4). Privity of contract is subject to exception.
a)
a)
b)
c)
Where a trust or charge is created
Where payment is made to 3rd party
Where payment is made to 3rd party
None of the above
Q.(5). The Mother owes Rs 10000 to her daughter but this debt has become barred by the limitation
Act. The mother signs a written promise to pay Rs 3000 on account of debt In this case which one of the
following is correct?
a) There is no contract as the debt is already barred by limitation & so it cannot be revived by a
subsequent. Promise.
b) There is no contact because the mother has promised to give only a part of time barred
debt.
c) This is enforceable against the mother because such a promise a valid and binding under the
Indian contract act.
Q. (6) A qausi contact under Indian contact act.
a) Is an agreement
b) Is a contract
c) Has only a legal obligation
d) None of above
Q. (7) A contingent contract dependent on the non happening of specified uncertain event within fixed
time can be enforced if the event
a)
b)
c)
d)
Dose not happen within fixed time
Become impossible before expiry of fixed time
Happens within fixed time
both a and b
Q. (8) Finder of lost goods is entitled to be reimbursed for any lawful expenses incurred for
a)
b)
c)
d)
Tracing the true owner
Taking care of goods
Selling the goods if they are in deteriorating condition.
All of the above
Q. (9) Where the contingency of event merely indicates the mode or manner of performance the
contract is not
a)
b)
c)
d)
Valid
Void
Contingent
Lawful
Q. (10) X and Y jointly owe Rs 20 lac to Z, X alone pays the amount to Z & Y not knowing this fact pays Rs
20 lac over again to Z.
a)
b)
c)
d)
Z is bound to repay the amount to Y
Z is bound to repay the amount to Y and X jointly
Z is bound to repay the amount to X and Y to equally
Z is not bound to repay the amount to Y
Q. (11) A bid at an auction sale is an
a)
b)
a)
b)
Invitation to offer to buy
Invitation to come to bid
Implied offer to buy
Express offer to buy
Q. (12) X a seller of imitation jewellery, sells his business to Y and promise not to carry on business in
imitation jewellery and real jewellery. The agreement is
a)
Fully valid
b)
c)
Wholly void
Valid with regard to imitation jewellery and void as regards real jewellery
d)
Void with regard to imitation jewellery and valid as regards real jewellery
Q. (13) Any seller of goods by auction may
a)
b)
c)
d)
Always bid in auction
Bid if he reserves his right to bid by notice to public
Not bid in auction
bid with permission of govt.
Q. (14) The unpaid seller can exercise his right of stoppage of goods intransit where the buyer
a)
b)
c)
d)
Become insolvent
Refuses to pay price
Acts fradulently
All of the above
Q. (15) X sold rice to Y sample and Y thinking that they were old rice purchased them but the rice was
new. In this situation
a)
b)
c)
d)
Y is not bound by contract
Y is bound by contract
Y can recover damages from X
Y can sue for replacement of new rice with old rice
Q. (16) registration of firm does not create partnership, but only the evidence of existence of
partnership
a)
b)
c)
d)
True
Partly true
False
None
Q. (17) A partner of an unregistered firm can sue for______of the firm
a)
b)
c)
d)
Goodwill
Share in property
dissolution
Nothing
Q. (18) The conclusive evidence of registration of firm is
a)
b)
c)
d)
The register of firms mentained by registrar of the firm
The certificate of registration of firm
The certified copy of registeration of firm
None of the above
Q. (19) Firm will not be compulsorily dissolved, when
a)
b)
c)
d)
The partnership has various adventures & one such adventure becomes illegal
The dicision is taken by all the partners to dissolve the firm
The business of the firm becomes unlawful
All partners or all but one of the partners is declared insolvent
Q. (20) The partnership deed must be properly drafted & stamped according to provision of
a)
b)
c)
d)
Indian partnership Act
Indian stamp Act
Income tax Act
The companies Act
Q. (21) In all joint Hindu family firms their______are personally liable to 3rd parties
a)
b)
c)
d)
Karta and Major members
Karta only
All major members
All the member
Q. (22) Expulsion of a partner from the firm is regular when partnership deed authorizes the other
partner and they use this authority by
a)
b)
c)
d)
Any majority of the partners
2/3 majority of the partners
3/4 majority of the partners
Unanimous consent of the all existing partners.