McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) .
Chapters
| 101. |
An unlawful act by which an intending purchaser is prevented from bidding or raising the price at an auction sale is known as |
| A. | decoy ducking |
| B. | puffering |
| C. | damping |
| D. | none of these |
| Answer» C. damping | |
| 102. |
The right of lien is exercised |
| A. | to retain possession of goods |
| B. | to regain possession of goods |
| C. | to resell the goods |
| D. | none of these |
| Answer» A. to retain possession of goods | |
| 103. |
Which of the following rights are available to the unpaid seller against the buyer |
| A. | suit for price |
| B. | suit for interest |
| C. | suit for repudiation |
| D. | all of these |
| Answer» D. all of these | |
| 104. |
Delivery of the key of the warehouse by the seller to the buyer will amount to |
| A. | actual delivery |
| B. | symbolic delivery |
| C. | constructive delivery |
| D. | none of these |
| Answer» B. symbolic delivery | |
| 105. |
In case the buyer rejects the whole quantity of goods due to short delivery or excess delivery, the contract is treated as |
| A. | subsisting |
| B. | cancelled |
| C. | void |
| D. | invalid |
| Answer» A. subsisting | |
| 106. |
The effect of refusal to accept a properly made offer of performance is that: |
| A. | the promisor is not responsible for non-performance and can sue the promisee for the breach of contract. |
| B. | such offer lapses on rejection by the offeree. |
| C. | the contract is rendered voidable at the option of promisor. |
| D. | the contract is discharged by anticipatory breach. |
| Answer» A. the promisor is not responsible for non-performance and can sue the promisee for the breach of contract. | |
| 107. |
In which of the following circumstances a contract can be treated as discharged under the concept of supervening impossibility? |
| A. | spurt in prices |
| B. | change in import policy |
| C. | non-receipt of raw material from the supplier |
| D. | shortage of working capital |
| Answer» B. change in import policy | |
| 108. |
The consent is said to be free when: |
| A. | two or more persons agree upon same thing in the same sense. |
| B. | all parties to the contract benefit from the contract. |
| C. | it is not the result of coercion or undue influence or fraud or misrepresentation or |
| D. | all of the above. |
| Answer» C. it is not the result of coercion or undue influence or fraud or misrepresentation or | |
| 109. |
Which of the following may employ an agent? |
| A. | any person who is capable of understanding the contract and forming a rational judgment as to its effect upon his interest. |
| B. | any person who is engaged in business or profession. |
| C. | any person who is of the age of majority according to the law to which he is subject and who is of sound mi |
| Answer» C. any person who is of the age of majority according to the law to which he is subject and who is of sound mi | |
| 110. |
Fraud means |
| A. | suggestion as a fact, of something which is not true, by a person who does not believe it to be true |
| B. | active concealment of a fact |
| C. | promise made without any intention of performing it |
| D. | all of the above |
| Answer» D. all of the above | |
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