Business Law solved MCQs

a. agreement

B. contract

c. offer

d. promise

a. agreement

B. offer

c. contract

d. acceptance

a. debtor

B. creditor

c. surety

d. agent

a. 4

B. 3

c. 2

d. 1

a. 1903

B. 1923

c. 1930

d. 1932

a. sells

B. buys

c. debtor

d. transferee

a. business reports

B. railway receipt

c. cash memo

d. email

a. acceptor for honour

B. acceptor for paying

c. payment for honour

d. holder

a. true

B. false

c. attention

d. fun

a. true

B. false

c. not inchoate

d. inchoate

a. Competent parties

B. Reasonable terms and conditions.

c. Free consent

d. Lawful concentration

a. It is by free consent of the parties.

B. Parties are competent.

c. It is enforceable by law.

d. None of the above .

a. The individual has no choice but to accept and sign on

B. The individual must be protected in contract.

c. The agreement is without consideration.

d. None of the above.

a. Offer, acceptance, agreement, consideration.

B. Agreement, consideration, offer,acceptance.

c. Offer , Consideration, acceptance, agreement.

d. Offer,acceptance, consideration, agreement.

a. Fraud

B. Misrepresentation

c. No fraud

d. Undue Influence

a. May not contract.

B. May contract.

c. May contact during those intervals when he is of sound mind.

d. May contract only after he becomes completely of sound mind .

a. If consent is the result of coercion, the agreement is

B. If a party is minor, the agreement is void .

c. If the object of an agreement is unlawful, the agreement is void.

d. If the consideration of an agreement is unlawful, the agreement

a. To define the laws relating to the sale of goods

B. To consolidate and amend the laws relating to the sale of goods

c. To consolidate, amend and define the laws relating to the sale of goods

d. To define and amend the laws relating to the sale of goods

a. Person who buys goods and services

B. Person who agrees to buy goods

c. Person who buys or agrees to buy goods

d. Person who buys or agrees to buy goods and services

a. Indian Contract Act, 1872

B. Indian Registration Act, 1908

c. Transfer of Property Act, 1882

d. Indian Partnership Act, 1932

a. Stock

B. Shares

c. Growing crops

d. Actionable claims

a. Transfer

B. change of possession

c. Delivery

d. None of above

a. Right of lien on goods for the price while the goods are in possession of seller.

B. Right of stopping the goods in transit, in case of insolvency of buyer

c. Right of resale as limited by the Act

d. Right of withholding delivery where the property in the goods has passed to the buyer

a. In future prescribed time

B. after making of contract

c. before making of contract

d. none of the above

a. Crossed

B. General

c. Special

d. Open