McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) .
Chapters
| 51. |
Ex turpi causa non oritur action means? |
| A. | from an illegal cause, no action arises |
| B. | from an illegal cause action may arises |
| C. | from an legal cause action may arises |
| D. | from an legal cause action may not arises |
| Answer» A. from an illegal cause, no action arises | |
| 52. |
Consideration and object of an agreement is unlawful if it |
| A. | is fraudulent |
| B. | is possible |
| C. | is impossible |
| D. | all of the above |
| Answer» A. is fraudulent | |
| 53. |
The stifling agreement is |
| A. | wagering |
| B. | contingent |
| C. | voidable |
| D. | void |
| Answer» D. void | |
| 54. |
Which of the following agreements are valid? |
| A. | uncertain agreements |
| B. | wagering agreements |
| C. | agreements to do impossible events |
| D. | none of the above |
| Answer» D. none of the above | |
| 55. |
In which of the following agreements, restraint of trade is valid? |
| A. | agreement with buyer of goodwill |
| B. | trade combinations not opposed to public policy |
| C. | partnership agreements |
| D. | all of the above |
| Answer» D. all of the above | |
| 56. |
An uncertain agreement is |
| A. | voidable |
| B. | void |
| C. | valid |
| D. | illegal |
| Answer» B. void | |
| 57. |
An illegal agreement is |
| A. | not enforceable by law |
| B. | prohibited under law |
| C. | either (a) & (b) |
| D. | both (a) & (b) |
| Answer» D. both (a) & (b) | |
| 58. |
Which of the following is not a feature of a wagering agreement? |
| A. | chances of gain or loss |
| B. | uncertainty of future event |
| C. | neither party have control over future event |
| D. | neither parties should have an interest in the event |
| Answer» D. neither parties should have an interest in the event | |
| 59. |
An athletic competitions are valid because they are |
| A. | games of skill |
| B. | just games |
| C. | game of luck |
| D. | all of the above |
| Answer» A. games of skill | |
| 60. |
Share market transactions with a clear intention only to settle the price difference are |
| A. | wagering agreements |
| B. | not wagering agreements |
| C. | contingent contracts |
| D. | voidable agreements |
| Answer» A. wagering agreements | |
| 61. |
Which of these are not opposed to public policy? |
| A. | trading with enemy |
| B. | stifling prosecution |
| C. | compromise of compoundable offences |
| D. | agreement to commit a crime |
| Answer» C. compromise of compoundable offences | |
| 62. |
Where a person agrees to maintain a suit, in which he has no interest, the proceeding is known as |
| A. | champerty |
| B. | maintenance |
| C. | stifling with prosecution |
| D. | interference with course of justice |
| Answer» B. maintenance | |
| 63. |
An agreement whereby one party assists another in recovering money or property and in turn share in the proceeds of the action is called |
| A. | champerty |
| B. | maintenance |
| C. | stifling with prosecution |
| D. | trafficking the public office |
| Answer» A. champerty | |
| 64. |
Which of the following is a contingent contract? |
| A. | contract of insurance |
| B. | contract for doing impossible acts |
| C. | marriage contract |
| D. | wagering agreements |
| Answer» A. contract of insurance | |
| 65. |
Consent means parties agreeing on |
| A. | the terms of contract |
| B. | some terms of contract |
| C. | the same thing in the same sense |
| D. | any matter of contract |
| Answer» C. the same thing in the same sense | |
| 66. |
_________ means forcibly compelling a person to enter into a contract |
| A. | intimidation |
| B. | fraud |
| C. | mistake |
| D. | coercion |
| Answer» D. coercion | |
| 67. |
Duress under English contract law is similar to |
| A. | undue influence |
| B. | coercion |
| C. | fraud |
| D. | misrepresentation |
| Answer» B. coercion | |
| 68. |
Ubberima fidei means |
| A. | bad faith |
| B. | utmost good faith |
| C. | good faith |
| D. | no faith at all |
| Answer» B. utmost good faith | |
| 69. |
When one of the parties is under a mistake as to a matter of fact essential to the agreement, it is called |
| A. | unilateral mistake |
| B. | bilateral mistake |
| C. | partial mistake |
| D. | incomplete mistake |
| Answer» A. unilateral mistake | |
| 70. |
The maxim ‘Ignoranlia juris non excusa’ stands for |
| A. | law will not punish ignorant people |
| B. | law will punish illiterate people |
| C. | ignorant people can excuse law |
| D. | ignorance of law of land is no excuse |
| Answer» D. ignorance of law of land is no excuse | |
| 71. |
The case of ‘no consent’, i.e., when there is no consent at all, is described by Salmond as |
| A. | error in causa |
| B. | error in consensus |
| C. | consensus ad idem |
| D. | offer and acceptance |
| Answer» B. error in consensus | |
| 72. |
Capacity to contract means |
| A. | the parties are financially sound to make contracts |
| B. | the parties are physically able to enter into contracts |
| C. | the parties are legally competent to enter into contracts |
| D. | all of the above |
| Answer» C. the parties are legally competent to enter into contracts | |
| 73. |
Competence to contract means |
| A. | age of the parties |
| B. | soundness of the mind of the parties |
| C. | both (a) & (b) |
| D. | intelligence of the parties |
| Answer» C. both (a) & (b) | |
| 74. |
A minor’s agreement is void. This was held in the case of |
| A. | mohiri bibee vs. dharmadas ghosh |
| B. | salma begam vs. jan mohamed khan |
| C. | balfour vs. balfour |
| D. | chinnaiya vs. ramaiya |
| Answer» A. mohiri bibee vs. dharmadas ghosh | |
| 75. |
A minor can be |
| A. | ratify his agreement after attaining majority |
| B. | be directed by the court for specific performance of the contract |
| C. | always plead his minority |
| D. | be held liable for cheques issued by him |
| Answer» C. always plead his minority | |
| 76. |
A minor’s guardian is not liable to the creditor for breach of contract by the minor, if the contract is for __________ |
| A. | supply of necessaries |
| B. | supply of non-necessaries |
| C. | supply of services |
| D. | all of the above |
| Answer» D. all of the above | |
| 77. |
The doctrine of restitution refers to the restoration of property or goods, obtained by false representation. This doctrine is |
| A. | beneficial to minors |
| B. | not applicable to minors |
| C. | applicable to minors |
| D. | none of the above |
| Answer» C. applicable to minors | |
| 78. |
A consideration in a contract |
| A. | may be any thing |
| B. | nothing in return |
| C. | something in return |
| D. | may be illusory |
| Answer» C. something in return | |
| 79. |
A consideration may be |
| A. | past |
| B. | present |
| C. | future |
| D. | either (a) or (b) or (c) |
| Answer» D. either (a) or (b) or (c) | |
| 80. |
An agreement not supported by the consideration is called |
| A. | nudum pactum |
| B. | an invalid consideration |
| C. | ab initio |
| D. | namo dat quod non habet |
| Answer» A. nudum pactum | |
| 81. |
The consideration is to be moved sometime after the formation of a contract, it is known as |
| A. | present consideration |
| B. | executory consideration |
| C. | past consideration |
| D. | executed consideration |
| Answer» B. executory consideration | |
| 82. |
The term privity of contract means |
| A. | stranger to contract |
| B. | contract is private |
| C. | first party to contract |
| D. | second party to contract |
| Answer» A. stranger to contract | |
| 83. |
A proposal may consist of a promise for |
| A. | doing an act |
| B. | abstaining from doing an act |
| C. | either (a) or (b) |
| D. | returning the consideration |
| Answer» C. either (a) or (b) | |
| 84. |
A offers to sell his car on internet, it is |
| A. | an express offer |
| B. | an implied offer |
| C. | a particular offer |
| D. | no offer |
| Answer» A. an express offer | |
| 85. |
The offer which is allowed to remain open for the acceptance over a period of time is known as a/an |
| A. | standing offer |
| B. | specific offer |
| C. | special offer |
| D. | implied offer |
| Answer» A. standing offer | |
| 86. |
The offer made to a specific person or group of persons is known as a |
| A. | standing offer |
| B. | specific offer |
| C. | special offer |
| D. | separate offer |
| Answer» B. specific offer | |
| 87. |
Terms of the offer must be |
| A. | ambiguous |
| B. | uncertain |
| C. | definite |
| D. | vague |
| Answer» C. definite | |
| 88. |
When a person invites the other party to make an offer, he is said to make a/an |
| A. | proposal |
| B. | offer |
| C. | invitation to offer |
| D. | acceptance |
| Answer» C. invitation to offer | |
| 89. |
Price lists, catalogues, advertisements in newspapers and enquiries from customers are |
| A. | offers |
| B. | invitations to offer |
| C. | acceptances |
| D. | cross offers |
| Answer» B. invitations to offer | |
| 90. |
Goods displayed in a shop with a price label is |
| A. | an offer |
| B. | an invitation to offer |
| C. | a counter-offer |
| D. | a contra-offer |
| Answer» B. an invitation to offer | |
| 91. |
When the offers made by two persons to each other containing similar terms of bargain cross each other in post, they are known as |
| A. | cross offers |
| B. | implied offers |
| C. | direct offers |
| D. | express offers |
| Answer» A. cross offers | |
| 92. |
Which of the following is not the mode of the lapse of an offer? |
| A. | lapse of time |
| B. | case against the offeror |
| C. | insanity of the offeror |
| D. | failure to accept condition precedent |
| Answer» B. case against the offeror | |
| 93. |
Contract is defined as an agreement enforceable by law, vide section . . . . . of the Indian Contract Act |
| A. | 2 (e) |
| B. | 2 (f) |
| C. | 2 (h) |
| D. | 2 (i) |
| Answer» C. 2 (h) | |
| 94. |
When the contract is perfectly valid but cannot be enforced because of certain technical defects. This is called |
| A. | unilateral contract |
| B. | bilateral contract |
| C. | unenforceable contract |
| D. | void contract |
| Answer» C. unenforceable contract | |
| 95. |
Where a contract has to be inferred from the conduct of parties, it is called |
| A. | express contract |
| B. | implied contract |
| C. | tacit contract |
| D. | unlawful contract |
| Answer» B. implied contract | |
| 96. |
Where the obligation in a contract is outstanding on the part of both parties, it is called |
| A. | void contract |
| B. | illegal agreement |
| C. | valid contract |
| D. | bilateral contract |
| Answer» D. bilateral contract | |
| 97. |
A contract in which, under the terms of a contract, nothing remains to be done by either party is known as |
| A. | executed contract |
| B. | executory contract |
| C. | unilateral contract |
| D. | none of the above |
| Answer» A. executed contract | |
| 98. |
A contract in which, under the terms of a contract, one or both the parties have still to perform their obligations in future is known as |
| A. | executed contract |
| B. | executory contract |
| C. | unilateral contract |
| D. | none of the above |
| Answer» B. executory contract | |
| 99. |
The unpaid seller can exercise his right of lien over the goods for |
| A. | price of goods |
| B. | storage charges |
| C. | any lawful charges |
| D. | all of these |
| Answer» A. price of goods | |
| 100. |
An auction sale is complete on the |
| A. | fall of hammer |
| B. | delivery of goods |
| C. | payment of price |
| D. | both (b) and (c) |
| Answer» A. fall of hammer | |
Done Studing? Take A Test.
Great job completing your study session! Now it's time to put your knowledge to the test. Challenge yourself, see how much you've learned, and identify areas for improvement. Don’t worry, this is all part of the journey to mastery. Ready for the next step? Take a quiz to solidify what you've just studied.