MBA%20Business%20Law%20Mcq%20Set%204 MBA MCQs: multiple choice questions and answers,Mock Tests and Practice Papers

MBA/MBA%20Business%20Law%20Mcq%20Set%204 Sample Test,Sample questions

Question:

A agrees to pay Rs.1000 to B if a certain ship returns within a year. However, the ship sinks within the year. In this case, the contract becomes

1.Valid

2.Void

3.Voidable

4.illegal

Posted Date:-2021-11-11 11:02:47

Question:

A agrees to pay Rs.5 lakhs to B procures an employment for A in Income Tax Department. This agreement is

1.Void

2.Valid

3.Voidable

4.Contingent

Posted Date:-2021-11-11 14:05:12

Question:

A agrees to pay Rs.50000 to B if he kills C. the agreement is

1.Void

2.Valid

3.Voidable

4.Contingent

Posted Date:-2021-11-11 11:01:53

Question:

A agrees to sell his car to B at a price which B may be able to pay. This agreement is

1.Void

2.Valid

3.Voidable

4.Contingent

Posted Date:-2021-11-11 11:02:18

Question:

A agrees to sell his car worth Rs. I00000 lakh to B for rs.20000 and A's consent was obtained by coercion. Here, the agreement is;

1.Void

2.Valid

3.Voidable

4.Unlawful

Posted Date:-2021-11-11 10:59:40

Question:

A and B both believe that a particular kind of rice is being sold in the market@Rs.3000 per quintel and A sells rice of that kind to B @3000/quintel. But in fact, the market price was Rs.4000, the contract is

1.Valid

2.Void

3.Voidable

4.illegal

Posted Date:-2021-11-11 10:54:26

Question:

A contingent contract depend on the happening of the future uncertain event can be enforced when the event;

1.Happens

2.Becomes impossible

3.Doesn't happen

4.Either of these

Posted Date:-2021-11-11 14:01:52

Question:

A contingent contract is;

1.Void

2.Voidable

3.Valid

4.illegal

Posted Date:-2021-11-11 10:58:40

Question:

A contract depend on the happening or non happening of the future uncertain event, is a

1.Uncertain contract

2.Contingent contract

3.Void contract

4.Voidable contract

Posted Date:-2021-11-11 13:38:49

Question:

A contract with the minor, which is beneficial for him, is;

1.Void ab initio

2.Voidable

3.Valid

4.Illegal

Posted Date:-2021-11-11 13:40:28

Question:

A mistake as to law not in force in India has the same effect as;

1.Mistake of fact

2.Mistake of Indian Law

3.Fraud

4.Misrepresentation

Posted Date:-2021-11-11 13:43:38

Question:

A proposal when accepted becomes a:

1.Promise

2.Contract

3.Offer

4.Acceptance

Posted Date:-2021-11-11 10:55:53

Question:

A sells the goodwill of his business to B and agrees with him to refrain from carrying on a similar business within specified local limits. This contract is

1.Valid

2.Void

3.Voidable

4.illegal

Posted Date:-2021-11-11 10:54:49

Question:

A void agreement is one which is

1.Valid but not enforceable

2.Enforceable at the portion of both parties

3.Enforceable at the portion of one party

4.Not enforceable in a Court of Law

Posted Date:-2021-11-11 10:55:12

Question:

A voidable contract is one which;

1.Can be enforced at the option of the aggrieved party

2.Can be enforced at the option of the both parties

3.Cannot be enforced in a court of laws

4.Court prohibits

Posted Date:-2021-11-11 10:59:04

Question:

A wrong representation when made without any intention to deceive the other party amounts to

1.Coercion

2.Undue influence

3.Misrepresentation

4.fraud

Posted Date:-2021-11-11 10:57:20

Question:

An agreement in restraint of legal proceedings is void. It does not cover an agreement which

1.Restrict absolutely the parties from enforcing their legal rights.

2.Cuts short the period of limitation

3.Discharges a party from liability or extinguishes the rights of a party

4.Provides for a reference to arbitration instead of court of law

Posted Date:-2021-11-11 13:44:59

Question:

An agreement made with free consent to which the consideration is lawful but inadequate is;

1.Void

2.Valid

3.Voidable

4.Unlawful

Posted Date:-2021-11-11 13:39:43

Question:

An agreement the object or consideration of which is unlawful, is:

1.Void

2.Valid

3.Voidable

4.Contingent

Posted Date:-2021-11-11 13:36:45

Question:

An agreement to do an illegal act(eg: sharing the earnings of smuggling business) is

1.Valid

2.Void

3.Voidable

4.Contingent

Posted Date:-2021-11-11 14:05:36

Question:

An agreement which is enforceable by law at the portion of one or more of the parties thereon but not at the option of the other or others is a:

1.Valid Contract

2.Void Contract

3.Voidable Contract

4.Illegal Contract

Posted Date:-2021-11-11 13:32:27

Question:

An offer may lapse by

1.Revocation

2.Counter Offer

3.Rejection of offer by offeree

4.All of these

Posted Date:-2021-11-11 13:58:00

Question:

As per Section 20, the contract is void, on account of bilateral mistake of fact. But as per Section 22, if there is mistake of only one party, then the contract is;

1.Void

2.Valid

3.Voidable

4.illegal

Posted Date:-2021-11-11 11:00:42

Question:

Consideration in sample term means

1.Anything in return

2.Something in return

3.Everything in return

4.Nothing in return

Posted Date:-2021-11-11 10:56:18

Question:

In case of anticipatory breach, the aggrieved party may treat the contract;

1.As discharged and bring an immediate action for damages

2.As operative and wait till the time for performance arrives

3.Exercise option either (a) or (b)

4.None of these

Posted Date:-2021-11-11 14:01:24

Question:

Moral pressure is involved in the case of

1.Coercion

2.Undue influence

3.Misrepresentation

4.fraud

Posted Date:-2021-11-11 13:35:40

Question:

On the acceptance of an offer by a offeree

1.Only the acceptor becomes bound by accepting the offer

2.Only the offeror becomes bound as his terms are accepted

3.Both the acceptor and offeree becomes bound by the contract

4.None of these

Posted Date:-2021-11-11 14:02:22

Question:

On the valid performance of the contractual obligations by the parties, the contract;

1.Is discharged

2.Becomes enforceable

3.Becomes void

4.None of these

Posted Date:-2021-11-11 14:00:00

Question:

Ordinarily, a minor's agreement is

1.Void ab initio

2.Voidable

3.Valid

4.Unlawful

Posted Date:-2021-11-11 13:59:06

Question:

Standing offer means

1.Offer allowed to remain open for acceptance over a period of times

2.Offer made to the public in general

3.When the offeree offers to qualified acceptance of the offer

4.Offer made to a definite person

Posted Date:-2021-11-11 13:31:35

Question:

The basis of 'quasi contractual relations' is the

1.Existence of a valid contract between the parties

2.Prevention of unjust enrichment at the expense of others

3.Provision contained in section 10 of the Contract Act

4.Existence of a voidable contract between the parties

Posted Date:-2021-11-11 13:48:52

Question:

The special damages ie, the damages which arise due to so a special or unusual circumstances

1.Are not recoverable altogether

2.Are illegal being punitive in nature

3.Cannot be claimed as a matter of right

4.Can be claimed as a matter of right

Posted Date:-2021-11-11 13:55:56

Question:

The threat to commit suicide amounts to

1.Coercion

2.Undue influence

3.Misrepresentation

4.fraud

Posted Date:-2021-11-11 13:59:32

Question:

When one party is in a position to dominate the will of another and uses his superior position to obtain the consent of a weaker party, the consent is said to be obtained by;

1.Coercion

2.Undue influence

3.Fraud

4.Misrepresentation

Posted Date:-2021-11-11 11:00:09

Question:

When prior to the due date of performance, the promisor absolutely refuses to perform the contract, it is known as:

1.Abandonment of a contract

2.Remission of contract

3.Actual breach of contract

4.Anticipatory breach of contract

Posted Date:-2021-11-11 13:37:36

Question:

When the consent of a party is not free, the contract is:

1.Void

2.Voidable

3.Valid

4.Illegal

Posted Date:-2021-11-11 13:33:12

Question:

When the consent of a party is obtained by coercion undue influence, fraud or misrepresentation, the contract is;

1.Void

2.Voidable

3.Valid

4.illegal

Posted Date:-2021-11-11 14:03:14

Question:

When the consent to an agreement is obtained by coercion, the agreement is voidable at the option of

1.Either party to the agreement

2.A party whose consent was so obtained

3.A party who obtained the consent

4.None of these

Posted Date:-2021-11-11 13:41:20

Question:

When the offeree offers to qualified acceptance of the offer subject to modifications and variations he is said to have made a

1.Standing, open or continuing offer

2.Counter offer

3.Cross offer

4.Special offer

Posted Date:-2021-11-11 13:56:26

Question:

Where the consent of a party is obtained by misrepresentation, the contract is;

1.Valid

2.Void

3.Voidable

4.illegal

Posted Date:-2021-11-11 14:04:48

Question:

Where the consent of both the parties is given by mistakes, the contract is;

1.Void

2.Valid

3.Voidable

4.Illegal

Posted Date:-2021-11-11 13:42:28

Question:

Where the performance of a promise by one party depends on the prior performance of promise by the other party, such reciprocal promises fall under category of

1.Mutual and Concurrent

2.Conditional and dependent

3.Mutual and independent

4.Both (a) and (b)

Posted Date:-2021-11-11 13:27:06

Question:

Which is the following is false? An offer to be valid must;

1.Intend to create legal relations

2.Have certain and unambiguous terms

3.Contain a term the nonâ€compliance of which would amount to acceptance

4.Be communicated to the person to whom it is made

Posted Date:-2021-11-11 13:57:16

Question:

Which of the following is not an exception to the rule - No consideration, No contract.

1.Compensation for involuntary services

2.Love & Affection

3.Contract of agencies

4.Gift

Posted Date:-2021-11-11 13:34:46

Question:

Which of the following persons are not competent to contract?

1.Minors

2.Persons of unsound mind

3.Persons disqualified by law

4.All of these

Posted Date:-2021-11-11 14:02:48

Question:

Which of the following persons can perform the contract?

1.Promisor alone

2.Legal representatives of the Promisor

3.Agent of the Promisor

4.All of these

Posted Date:-2021-11-11 10:58:16

Question:

Which of the following statement is false?

1.Generally a stranger to a contract can not sue

2.A verbal promise to pay a time barred debt is valid

3.Completed gifts need no consideration

4.No consideration is necessary to create an agency

Posted Date:-2021-11-11 13:33:56

Question:

Which of the following statement is not true about minor's position in a form?

1.He cannot become a partner in an existing firm

2.He can become a partner in an existing firm

3.He can be admitted only to the benefits of any existing firm

4.He can become partner on becoming a major

Posted Date:-2021-11-11 10:56:43

Question:

Which of the following statement is true?

1.There can be a stranger to a contract

2.There can be a stranger to a consideration

3.There can be a stranger to a contract & consideration

4.None of the above

Posted Date:-2021-11-11 13:58:26

Question:

Which of the following statements is correct?

1.Ordinary damages are recoverable

2.Special damage is recoverable only if the parties knew about them

3.Remote or indirect damages are not recoverable

4.All of these

Posted Date:-2021-11-11 10:53:56

Posted on by R4R Team

MBA/MBA%20Business%20Law%20Mcq%20Set%204 Sample Test,Sample questions

Question: A agrees to pay Rs.1000 to B if a certain ship returns within a year. However, the ship sinks within the year. In this case, the contract becomes

Question: A agrees to pay Rs.5 lakhs to B procures an employment for A in Income Tax Department. This agreement is

Question: A agrees to pay Rs.50000 to B if he kills C. the agreement is

Question: A agrees to sell his car to B at a price which B may be able to pay. This agreement is

Question: A agrees to sell his car worth Rs. I00000 lakh to B for rs.20000 and A's consent was obtained by coercion. Here, the agreement is;

Question: A and B both believe that a particular kind of rice is being sold in the market@Rs.3000 per quintel and A sells rice of that kind to B @3000/quintel. But in fact, the market price was Rs.4000, the contract is

Question: A contingent contract depend on the happening of the future uncertain event can be enforced when the event;

Question: A contingent contract is;

Question: A contract depend on the happening or non happening of the future uncertain event, is a

Question: A contract with the minor, which is beneficial for him, is;

Question: A mistake as to law not in force in India has the same effect as;

Question: A proposal when accepted becomes a:

Question: A sells the goodwill of his business to B and agrees with him to refrain from carrying on a similar business within specified local limits. This contract is

Question: A void agreement is one which is

Question: A voidable contract is one which;

Question: A wrong representation when made without any intention to deceive the other party amounts to

Question: An agreement in restraint of legal proceedings is void. It does not cover an agreement which

Question: An agreement made with free consent to which the consideration is lawful but inadequate is;

Question: An agreement the object or consideration of which is unlawful, is:

Question: An agreement to do an illegal act(eg: sharing the earnings of smuggling business) is

Question: An agreement which is enforceable by law at the portion of one or more of the parties thereon but not at the option of the other or others is a:

Question: An offer may lapse by

Question: As per Section 20, the contract is void, on account of bilateral mistake of fact. But as per Section 22, if there is mistake of only one party, then the contract is;

Question: Consideration in sample term means

Question: In case of anticipatory breach, the aggrieved party may treat the contract;

Question: Moral pressure is involved in the case of

Question: On the acceptance of an offer by a offeree

Question: On the valid performance of the contractual obligations by the parties, the contract;

Question: Ordinarily, a minor's agreement is

Question: Standing offer means

Question: The basis of 'quasi contractual relations' is the

Question: The special damages ie, the damages which arise due to so a special or unusual circumstances

Question: The threat to commit suicide amounts to

Question: When one party is in a position to dominate the will of another and uses his superior position to obtain the consent of a weaker party, the consent is said to be obtained by;

Question: When prior to the due date of performance, the promisor absolutely refuses to perform the contract, it is known as:

Question: When the consent of a party is not free, the contract is:

Question: When the consent of a party is obtained by coercion undue influence, fraud or misrepresentation, the contract is;

Question: When the consent to an agreement is obtained by coercion, the agreement is voidable at the option of

Question: When the offeree offers to qualified acceptance of the offer subject to modifications and variations he is said to have made a

Question: Where the consent of a party is obtained by misrepresentation, the contract is;

Question: Where the consent of both the parties is given by mistakes, the contract is;

Question: Where the performance of a promise by one party depends on the prior performance of promise by the other party, such reciprocal promises fall under category of

Question: Which is the following is false? An offer to be valid must;

Question: Which of the following is not an exception to the rule - No consideration, No contract.

Question: Which of the following persons are not competent to contract?

Question: Which of the following persons can perform the contract?

Question: Which of the following statement is false?

Question: Which of the following statement is not true about minor's position in a form?

Question: Which of the following statement is true?

Question: Which of the following statements is correct?

More MCQS

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R4R Team

Question:
A agrees to pay Rs.1000 to B if a certain ship returns within a year. However, the ship sinks within the year. In this case, the contract becomes

Question:
A agrees to pay Rs.5 lakhs to B procures an employment for A in Income Tax Department. This agreement is

Question:
A agrees to pay Rs.50000 to B if he kills C. the agreement is

Question:
A agrees to sell his car to B at a price which B may be able to pay. This agreement is

Question:
A agrees to sell his car worth Rs. I00000 lakh to B for rs.20000 and A's consent was obtained by coercion. Here, the agreement is;

Question:
A and B both believe that a particular kind of rice is being sold in the market@Rs.3000 per quintel and A sells rice of that kind to B @3000/quintel. But in fact, the market price was Rs.4000, the contract is

Question:
A contingent contract depend on the happening of the future uncertain event can be enforced when the event;

Question:
A contingent contract is;

Question:
A contract depend on the happening or non happening of the future uncertain event, is a

Question:
A contract with the minor, which is beneficial for him, is;

Question:
A mistake as to law not in force in India has the same effect as;

Question:
A proposal when accepted becomes a:

Question:
A sells the goodwill of his business to B and agrees with him to refrain from carrying on a similar business within specified local limits. This contract is

Question:
A void agreement is one which is

Question:
A voidable contract is one which;

Question:
A wrong representation when made without any intention to deceive the other party amounts to

Question:
An agreement in restraint of legal proceedings is void. It does not cover an agreement which

Question:
An agreement made with free consent to which the consideration is lawful but inadequate is;

Question:
An agreement the object or consideration of which is unlawful, is:

Question:
An agreement to do an illegal act(eg: sharing the earnings of smuggling business) is

Question:
An agreement which is enforceable by law at the portion of one or more of the parties thereon but not at the option of the other or others is a:

Question:
An offer may lapse by

Question:
As per Section 20, the contract is void, on account of bilateral mistake of fact. But as per Section 22, if there is mistake of only one party, then the contract is;

Question:
Consideration in sample term means

Question:
In case of anticipatory breach, the aggrieved party may treat the contract;

Question:
Moral pressure is involved in the case of

Question:
On the acceptance of an offer by a offeree

Question:
On the valid performance of the contractual obligations by the parties, the contract;

Question:
Ordinarily, a minor's agreement is

Question:
Standing offer means

Question:
The basis of 'quasi contractual relations' is the

Question:
The special damages ie, the damages which arise due to so a special or unusual circumstances

Question:
The threat to commit suicide amounts to

Question:
When one party is in a position to dominate the will of another and uses his superior position to obtain the consent of a weaker party, the consent is said to be obtained by;

Question:
When prior to the due date of performance, the promisor absolutely refuses to perform the contract, it is known as:

Question:
When the consent of a party is not free, the contract is:

Question:
When the consent of a party is obtained by coercion undue influence, fraud or misrepresentation, the contract is;

Question:
When the consent to an agreement is obtained by coercion, the agreement is voidable at the option of

Question:
When the offeree offers to qualified acceptance of the offer subject to modifications and variations he is said to have made a

Question:
Where the consent of a party is obtained by misrepresentation, the contract is;

Question:
Where the consent of both the parties is given by mistakes, the contract is;

Question:
Where the performance of a promise by one party depends on the prior performance of promise by the other party, such reciprocal promises fall under category of

Question:
Which is the following is false? An offer to be valid must;

Question:
Which of the following is not an exception to the rule - No consideration, No contract.

Question:
Which of the following persons are not competent to contract?

Question:
Which of the following persons can perform the contract?

Question:
Which of the following statement is false?

Question:
Which of the following statement is not true about minor's position in a form?

Question:
Which of the following statement is true?

Question:
Which of the following statements is correct?