MBA/MBA Business Law Mcq Set 4 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


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


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

1.Void

2.Valid

3.Voidable

4.Contingent


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


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


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


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


Question:
A contingent contract is;

1.Void

2.Voidable

3.Valid

4.illegal


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


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

1.Void ab initio

2.Voidable

3.Valid

4.Illegal


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


Question:
A proposal when accepted becomes a:

1.Promise

2.Contract

3.Offer

4.Acceptance


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


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


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


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


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


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

1.Void

2.Valid

3.Voidable

4.Unlawful


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

1.Void

2.Valid

3.Voidable

4.Contingent


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

1.Valid

2.Void

3.Voidable

4.Contingent


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


Question:
An offer may lapse by

1.Revocation

2.Counter Offer

3.Rejection of offer by offeree

4.All of these


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


Question:
Consideration in sample term means

1.Anything in return

2.Something in return

3.Everything in return

4.Nothing in return


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


Question:
Moral pressure is involved in the case of

1.Coercion

2.Undue influence

3.Misrepresentation

4.fraud


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


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


Question:
Ordinarily, a minor's agreement is

1.Void ab initio

2.Voidable

3.Valid

4.Unlawful


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


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


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


Question:
The threat to commit suicide amounts to

1.Coercion

2.Undue influence

3.Misrepresentation

4.fraud


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


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


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

1.Void

2.Voidable

3.Valid

4.Illegal


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


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


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


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

1.Valid

2.Void

3.Voidable

4.illegal


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

1.Void

2.Valid

3.Voidable

4.Illegal


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)


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 nonā€compliance of which would amount to acceptance

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


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


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


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


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


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


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


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


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  11. MBA Advertising and Sales Promotion Mcq Set 1
  12. MBA Advertising and Sales Promotion Mcq Set 2
  13. MBA Advertising and Sales Promotion Mcq Set 3
  14. MBA Advertising and Sales Promotion Mcq Set 4
  15. MBA Advertising and Sales Promotion Mcq Set 5
  16. MBA Advertising and Sales Promotion Mcq Set 6
  17. MBA Advertising and Sales Promotion Mcq Set 7
  18. MBA Advertising and Sales Promotion Mcq Set 8
  19. MBA Advertising and Sales Promotion Mcq Set 9
  20. MBA Advertising and Sales Promotion Mcq Set 10
  21. MBA Advertising and Sales Promotion Mcq Set 11
  22. MBA Advertising and Sales Promotion Mcq Set 12
  23. MBA Advertising and Sales Promotion Mcq Set 13
  24. MBA Behavioural and Allied Sciences MCQ Set 1
  25. MBA Behavioural and Allied Sciences MCQ Set 2
  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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