Business Law (MCQs) Set-1
Categories: EDUCATION
Q.1. Which of following result in an offer-
- A declaration of intention
- an invitation to offer,
- an advertisement offering reward to anyone who finds lost dog of the advertise,
- an offer made in a joke.
Answer: (C) an advertisement offering reward to anyone who finds lost dog of the advertise
Q.2. An agreement made with an alien enemy is
- unlawful on the ground of public policy
- unlawful because it becomes difficult to be performed
- valid, d)voidable.
Answer: (A) unlawful on the ground of public policy
Q.3. A contract to pay B Rs. 10,000 if B s house is burnt – This is a
- wagering agreement
- void
- voidable agreement
- contingent contract
- contract of guarantee.
Answer: (D) contingent contract
Q.4. The case of Mohiri Bibi v. Dharmodas Ghose (1903) deals with-
- communication of offer
- communication of acceptance
- a minors agreements
- fraud
- a lunatic‘s agreement.
Answer: (C) a minors agreements
Q.5. Each party is a promisor and a Promisee in case of –
- past consideration
- present consideration
- every contract
- reciprocal promises
Answer: (D) reciprocal promises
Q.6. The case of Taylor v. caldwell (1883) deals with-
- discharge of contract by destruction of subject matter,
- anticipatory breach of contract
- discharge of contract by death of a party
- breach of contract.
Answer: (A) discharge of contract by destruction of subject matter,
Q.7. A promise made without the intention of performing it amounts to –
- innocent misrepresentation
- fraud
- negligent Misrepresentation
- wrongful misrepresentation
Answer: (B) fraud
Q.8. A minor, by misrepresenting his age, borrows some money –
- he can be sued for the fraud,
- he cannot be sued for the fraud
- he is liable to return the money
- None of the above.
Answer: (B) he cannot be sued for the fraud
Q.9. If there is a fraudulent misrepresentation as to the contents of a document , the contract is –
- void,
- voidable,
- valid
- illegal
Answer: (B) Voidable,
- There is a counter-offer when-
- the offeree gives conditions for acceptance or introduces a fresh term in acceptance
- the offerer makes a fresh offer
- the offeree makes some query.
- the offeree accepts it.
Answer: (A) the offeree gives conditions for acceptance or introduces a fresh term in acceptance