MBA/MBA Business Law Mcq Set 3 Sample Test,Sample questions

Question:
A agree to pay B Rs. 2000 if a certain ship does not return at Mumbai port within a year .A ‗s promise can been forced when the ship

1.arrives Mumbai a damaged condition during the years

2.is lost during the year

3.is sunk during the years

4.arrives Mumbai in a good condition during the year.


Question:
A agrees to pay Rs.1,00,000 to B if he brings a star from the sky. This is a contingent contract and

1.Illegal

2.Valid

3.Voidable

4.void


Question:
A contingent contract dependent on the non happening of specified uncertain event within fixed time can be enforced if the event

1.Does not happen within fixed time

2.Becomes impossible before the expiry of fixed time

3.Happens within the fixed time

4.Both (a) and (b)


Question:
A contract is discharged by recission which means the;

1.Change in one or more terms of the contract

2.Acceptance of lesser performance

3.Abandonment of rights by a party

4.Cancellation of the existing contract


Question:
A contract made by mistake about Indian Law, is;

1.Void

2.Valid

3.Voidable

4.illegal


Question:
A makes an offer to B on 10th by a letter which reaches B on 12th B posts letter of acceptance on 14th which reaches A on 16th. The communication of acceptance is complete as against A on

1.12th

2.14th

3.16th

4.10th


Question:
A minor's liability for 'necessaries' supplied to him

1.Arises after he attains majority age

2.Is against only minor's property

3.Does not arise at all

4.Arises if minor gives a promise for it


Question:
A promise to compensate ,wholly or in part , a person who has already voluntarily done something for the promisor is

1.enforceable

2.not enforceable because it is without consideration,

3.void

4.voidable.


Question:
A threatens to kill B if he does not agrees to sell his scooter from him for Rs.1000. Here B's consent is obtained by

1.A undue influence

2.Fraud

3.Coercion

4.None of these


Question:
A who owes Rs. 10000 to B dies leaving an estate of Rs. 6000. The legal representation of A are

1.Liable for Rs. 10000

2.liable for Rs. 6000

3.not liable at all

4.liable for Rs. 3000.


Question:
A, B and C jointly promised to pay Rs.6000 to D. Before the performance of the contract, C dies. Here the contract;

1.Becomes void on C's death

2.Should be performed by A and B along with C's legal representatives

3.Should be performed by A and B alone

4.Should be renewed between A, B and D


Question:
A, by a letter dated 25th December 1998, offers to sell his house to B for Rs.10 lakhs. The letter reaches on 27th Dec.1998, who posts his acceptance on 28th Dec. 1998 which reaches A on 30th Dec.1998. Here the communication of offer is completed on;

1.25th Dec.1998

2.27th Dec.1998

3.28th Dec.1998

4.30th Dec.1998


Question:
An acceptance is not according to the mode prescribed but the offerer decides to keep quiet. In such a case there is

1.a contract,

2.no contract,

3.a voidable contract,

4. an unenforceable contract.


Question:
An agreement enforceable by Law is a

1.Promise

2.Contract

3.Obligation

4.Lawful promise


Question:
An agreement in restraint of marriage is valid incase of the following persons

1.Minors

2.Educated

3.Married

4.None of these


Question:
An agreement in restraint of marriage, ie, which prevents a person from marrying is

1.Valid

2.Voidable

3.Void

4.Contingent


Question:
An agreement is void if it is opposed to public policy. Which of the following is not covered by heads of public policy.

1.Trading with an enemy

2.Trafficking in public offices

3.Marriage brokerage contracts

4.Contracts to do impossible acts


Question:
An agreement not enforceable by law is said to be

1.void,

2.voidable,

3.valid,

4.unenforceable,


Question:
An agreement to pay money money's worth on the happening or non happening of a specified uncertain event is a

1.Wagering agreement

2.Contingent contract

3.Quasi contract

4.Uncertain agreement


Question:
An agreement with or by minor is

1.void

2.voidable at the option of the minor

3.voidable at the option of the other party

4.valid.


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

1.valid

2.void

3.illegal

4.unenforceable


Question:
Consent given to a contract under some misrepresentation by the other party makes the contract

1.void

2.invalid

3.unenforceable

4.voidable


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.


Question:
Consideration must move at the desire of:

1.Promisor

2.Promisee

3.Any other person

4.Any of these


Question:
Flaw in capacity to contract may arise from

1.lack of free consent

2.lack of consideration

3.minority

4.absence of legal formalities.


Question:
For entering into a contract, a minor is a person who has not completed the age of;

1.16 years

2.18 years

3.20 years

4.21 years


Question:
Generally, which of the following damages are not recoverable?

1.Ordinary damages

2.Special damages

3.Remote damages

4.Nominal damages


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

1.void ab initio

2.void

3.voidable at the option of the plaintiff

4.illegal


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

1.alteration

2.rescission

3.novation

4.waiver,


Question:
In case of breach of contract, which of the following remedy is available to the aggrieved party?

1.Suit for recission

2.Suit for damages

3.Suit for specific performance

4.All of these


Question:
In case of illegal agreements the collateral agreements are

1.Valid Contract

2.Void Contract

3.Voidable Contract

4.None of these


Question:
In the above question, the communication of acceptance is complete against A on 28th Dec.1998 and against B on;

1.25th Dec.1998

2.27th Dec.1998

3.28th Dec.1998

4.30th Dec.1998


Question:
Regulationas to the opening and closing of business in a market are

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

2.unlawful because they are in restraint of trade.

3.void

4.not valid


Question:
Sometimes, a person finds certain goods belonging to some persons. In such case, the finder

1.Becomes the owner of the goods and can use them

2.Is under a duty to trace the true owner and return the goods

3.Can sell the perishable goods if true owner cannot be found

4.Both (b) and (c)


Question:
The collateral transactions to an illegal agreement are

1.Void,

2.illegal,

3.voidable,

4.not affected at all


Question:
The consideration or object of agreement is considered unlawful, if is

1.Forbidden by law

2.Fraudulent

3.Immoral

4.All of these


Question:
The Law of Contract in India is contained in

1.Indian Contract Act 1862

2.Indian Contract Act 1962

3.Indian Contract Act 1872

4.Indian Contract Act 1972


Question:
The right of subrogation in a contract of guarantee is available to the

1.creditor

2.principal debtor

3.surety

4.indemnified


Question:
What is legal terminology for the doing or not doing of something which the promisor desires to be done or not done?

1.Desires

2.Wishes

3.Considerations

4.Promise


Question:
When after the formation of a valid contract, an event happens which makes the performance of contract impossible then the contract becomes

1.Void

2.Voidable

3.Valid

4.illegal


Question:
When the consent of a party is obtained by fraud, the contract is

1.Void

2.Voidable

3.Valid

4.illegal


Question:
Where an agreement consists of two parts once legal and the other illegal and the legal part is separable from the illegal one, such legal part is

1.Void

2.Valid

3.Voidable

4.Illegal


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

1.void

2.voidable

3.illegal

4.not affected at all.


Question:
Which of the following acts does not fall under the categories of fraud?

1.Intentional false statement of facts

2.Active concealment of facts

3.Innocent false statements

4.Promise made without intention to perform


Question:
Which of the following are contingent contracts?

1.contract of insurance

2.contract of guarantee,

3.contracts for the sale of goods on credit

4.Wagering agreements


Question:
Which of the following elements does not affect the free consent of the parties.

1.Coercion

2.Fraud

3.Incompetency

4.Undue influence


Question:
Which of the following statement is false?

1.A contract is not voidable if fraud or misrepresentation does not induce the other party to enter a contract.

2.A party cannot complain of fraudulent silence or misrepresentation if he had the means of discovering the truth with ordinary means

3.In case of fraud or misrepresentation, aggrieved party can either rescind or affirm the contract

4.A party who affirms the contract , can also change his option afterwards if he so decides


Question:
Which of the following statement is true?

1.Consideration must result in a benefit to both parties

2.Past consideration is no consideration in India

3.Consideration must be adequate

4.Consideration must be something which a promisor is not already bound to do


Question:
Which of the following statement is true?

1.A contract with a minor is voidable at the option of the minor

2.An agreement with the minor can be ratified after he attains majority

3.A person who is usually of an unsound mind cannot enter into contract even when he is of a sound mind

4.A person who is usually of an sound mind cannot enter into contract even when he is of a unsound mind


Question:
Which of the following statement is true?

1.A threat to commit suicide does not amount to coercion

2.Undue influence involves use of physical pressure

3.Ignorance of law is no excuse

4.Silence always amounts to fraud


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  15. MBA Advertising and Sales Promotion Mcq Set 5
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  26. MBA Behavioural and Allied Sciences MCQ Set 3
  27. MBA Behavioural and Allied Sciences MCQ Set 4
  28. MBA Behavioural and Allied Sciences MCQ Set 5
  29. MBA Behavioural and Allied Sciences MCQ Set 6
  30. MBA Behavioural and Allied Sciences MCQ Set 7
  31. MBA Behavioural and Allied Sciences MCQ Set 8
  32. MBA Behavioural and Allied Sciences MCQ Set 9
  33. MBA Behavioural and Allied Sciences MCQ Set 10
  34. MBA Brand Management MCQ Set 1
  35. MBA Brand Management MCQ Set 2
  36. MBA Brand Management MCQ Set 3
  37. MBA Brand Management MCQ Set 4
  38. MBA Brand Management MCQ Set 5
  39. MBA Business Communication MCQ Set 1
  40. MBA Business Communication MCQ Set 2
  41. MBA Business Communication MCQ Set 3
  42. MBA Business Communication MCQ Set 4
  43. MBA Business Communication MCQ Set 5
  44. MBA Business Communication MCQ Set 6
  45. MBA Business Communication MCQ Set 7
  46. MBA Business Communication MCQ Set 8
  47. MBA Business Communication MCQ Set 9
  48. MBA Brand Management MCQ Set 10
  49. MBA Brand Management MCQ Set 11
  50. MBA Business Economics MCQ Set 1
  51. MBA Business Economics MCQ Set 2
  52. MBA Business Economics MCQ Set 3
  53. MBA Business Economics MCQ Set 4
  54. MBA Business Economics MCQ Set 5
  55. MBA Business Economics MCQ Set 6
  56. MBA Business Environment MCQ Set 1
  57. MBA Business Environment MCQ Set 2
  58. MBA Business Environment MCQ Set 3
  59. MBA Business Environment MCQ Set 4
  60. MBA Business Environment MCQ Set 5
  61. MBA Business Environment MCQ Set 6
  62. MBA Business Environment MCQ Set 7
  63. MBA Business Environment MCQ Set 8
  64. MBA Business Environment MCQ Set 9
  65. MBA Business Ethics and Governance MCQ Set 1
  66. MBA Business Law Mcq Set 1
  67. MBA Business Law Mcq Set 2
  68. MBA Business Law Mcq Set 3
  69. MBA Business Law Mcq Set 4
  70. MBA Business Law Mcq Set 5
  71. MBA Business Law Mcq Set 6
  72. MBA Business Law Mcq Set 7
  73. MBA Business Law Mcq Set 8
  74. MBA Business Law Mcq Set 9
  75. MBA Business Mathematics Mcq Set 1
  76. MBA Business Mathematics Mcq Set 2
  77. MBA Business Mathematics Mcq Set 3
  78. MBA Business Mathematics Mcq Set 4
  79. MBA Business Mathematics Mcq Set 5
  80. MBA Business Mathematics Mcq Set 6
  81. MBA Business Statistics Mcq Set 1
  82. MBA Business Statistics Mcq Set 2
  83. MBA Computers In Management Mcq Set 1
  84. MBA Computers In Management Mcq Set 2
  85. MBA Computers In Management Mcq Set 3
  86. MBA Computers In Management Mcq Set 4
  87. MAB Cost and Managerial Accounting Mcq Set 1
  88. MBA Cost and Managerial Accounting Mcq Set 1
  89. MBA Cost and Managerial Accounting Mcq Set 2
  90. MBA Cost and Managerial Accounting Mcq Set 3
  91. MBA Cost and Managerial Accounting Mcq Set 4
  92. MBA Cost and Managerial Accounting Mcq Set 5
  93. MBA Cost and Managerial Accounting Mcq Set 6
  94. MBA Cost and Managerial Accounting Mcq Set 7
  95. MBA Cost and Managerial Accounting Mcq Set 8
  96. MBA Cost and Managerial Accounting Mcq Set 9
  97. MBA Cost and Managerial Accounting Mcq Set 10
  98. MBA Cost and Managerial Accounting Mcq Set 11
  99. MBA E-Business MCQ Set 1
  100. MBA E-Business MCQ Set 2
  101. MBA E-Business MCQ Set 3
  102. MBA E-Business MCQ Set 4
  103. MBA English Language MCQ Set 1
  104. MBA English Language MCQ Set 2
  105. MBA Entrepreneurship Management MCQ Set 1
  106. MBA Entrepreneurship Management MCQ Set 2
  107. MBA Entrepreneurship Management MCQ Set 3
  108. MBA Entrepreneurship Management MCQ Set 4
  109. MBA Entrepreneurship Management MCQ Set 5
  110. MBA Entrepreneurship Management MCQ Set 6
  111. MBA Financial Management MCQ Set 1
  112. MBA Financial Management MCQ Set 2
  113. MBA Financial Management MCQ Set 3
  114. MBA Financial Management MCQ Set 4
  115. MBA Financial Management MCQ Set 5
  116. MBA Financial Management MCQ Set 6
  117. MBA Financial Management MCQ Set 7
  118. MBA Financial Management MCQ Set 8
  119. MBA Financial Management MCQ Set 9
  120. MBA Financial Management MCQ Set 10
  121. MBA Financial Management MCQ Set 11
  122. MBA Financial Management MCQ Set 12
  123. MBA Human Resource Management Mcq Set 1
  124. MBA Human Resource Management Mcq Set 2
  125. MBA Human Resource Management Mcq Set 3
  126. MBA Human Resource Management Mcq Set 4
  127. MBA Human Resource Management Mcq Set 5
  128. MBA Human Resource Management Mcq Set 6
  129. MBA Human Resource Management Mcq Set 7
  130. MBA Human Resource Management Mcq Set 8
  131. MBA Insurance and Risk Management Mcq Set 1
  132. MBA Insurance and Risk Management Mcq Set 2
  133. MBA Insurance and Risk Management Mcq Set 3
  134. MBA Insurance and Risk Management Mcq Set 4
  135. MBA Insurance and Risk Management Mcq Set 5
  136. MBA Insurance and Risk Management Mcq Set 6
  137. MBA Management Information Systems Mcq Set 1
  138. MBA Management Information Systems Mcq Set 2
  139. MBA Management Information Systems Mcq Set 3
  140. MBA Management Information Systems Mcq Set 4
  141. MBA Management Information Systems Mcq Set 5
  142. MBA Management Information Systems Mcq Set 6
  143. MBA Management Information Systems Mcq Set 7
  144. MBA Management Information Systems Mcq Set 8
  145. MBA Management Information Systems Mcq Set 9
  146. MBA Marketing Management Mcq Set 1
  147. MBA Marketing Management Mcq Set 2
  148. MBA Marketing Management Mcq Set 3
  149. MBA Marketing Management Mcq Set 4
  150. MBA Marketing Management Mcq Set 5
  151. MBA Marketing Management Mcq Set 6
  152. MBA Marketing Management Mcq Set 7
  153. MBA Marketing Management Mcq Set 8
  154. MBA Marketing Management Mcq Set 9
  155. MBA Marketing Management Mcq Set 10
  156. MBA Marketing Management Mcq Set 11
  157. MBA Marketing Management Mcq Set 12
  158. MBA Marketing Management Mcq Set 13
  159. MBA Media Planning Mcq Set 1
  160. MBA Media Planning Mcq Set 2
  161. MBA Media Planning Mcq Set 3
  162. MBA Media Planning Mcq Set 4
  163. MBA Operations Research Mcq Set 1
  164. MBA Operations Research Mcq Set 2
  165. MBA Operations Research Mcq Set 3
  166. MBA Operations Research Mcq Set 4
  167. MBA Operations Research Mcq Set 5
  168. MBA Organisational Behavior Mcq Set 1
  169. MBA Organisational Behavior Mcq Set 2
  170. MBA Organisational Behavior Mcq Set 3
  171. MBA Organisational Behavior Mcq Set 4
  172. MBA Principles and Practices of Management Mcq Set 1
  173. MBA Principles and Practices of Management Mcq Set 2
  174. MBA Principles and Practices of Management Mcq Set 3
  175. MBA Principles and Practices of Management Mcq Set 4
  176. MBA Principles and Practices of Management Mcq Set 5
  177. MBA Principles and Practices of Management Mcq Set 6
  178. MBA Principles and Practices of Management Mcq Set 7
  179. MBA Principles and Practices of Management Mcq Set 8
  180. MBA Principles and Practices of Management Mcq Set 9
  181. MBA Production and Operations Management Mcq Set 1
  182. MBA Production and Operations Management Mcq Set 2
  183. MBA Production and Operations Management Mcq Set 3
  184. MBA Production and Operations Management Mcq Set 4
  185. MBA Production and Operations Management Mcq Set 5
  186. MBA Production and Operations Management Mcq Set 6
  187. MBA Production and Operations Management Mcq Set 7
  188. MBA Production and Operations Management Mcq Set 8
  189. MBA Production and Operations Management Mcq Set 9
  190. MBA Production and Operations Management Mcq Set 10
  191. MBA System Analysis and Design Mcq Set 1
  192. MBA System Analysis and Design Mcq Set 2
  193. MBA System Analysis and Design Mcq Set 3
  194. MBA System Analysis and Design Mcq Set 4
  195. MBA System Analysis and Design Mcq Set 5
  196. MBA System Analysis and Design Mcq Set 6
  197. MBA System Analysis and Design Mcq Set 7
  198. MBA System Analysis and Design Mcq Set 8
  199. MBA System Analysis and Design Mcq Set 9
  200. MBA Total Quality Management Mcq Set 1
  201. MBA Total Quality Management Mcq Set 2
  202. MBA Total Quality Management Mcq Set 3
  203. MBA Total Quality Management Mcq Set 4
  204. MBA Total Quality Management Mcq Set 5
  205. MBA Total Quality Management Mcq Set 6
  206. MBA Total Quality Management Mcq Set 7
  207. MBA Total Quality Management Mcq Set 8
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