CPT Exam in Mercantile Law 7

Which of the following is false? An offer to be valid must:

Which of the following statement is true?

Which of the following is not an exception to the rule – No Consideration, No Contract?

A minor’s liability for ‘necessaries’ supplied to him;

An agreement is void if it is opposed to public policy. Which of the following is not covered by heads of public policy?

Which of the following persons can perform the contract?

A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract, C dies. Here, the contract—-

Generally, which of the following damages are not recoverable?

A mistake as to a law not in force in India has the same effect as:

The term “goods” under the Sale of Goods Act, 1930 does not include——-

Which of the following is not an implied condition in a contract of sale?

Which of the following is not a form of delivery?

Mercantile Agent is having an authority to———-

Doctrine of Caveat Emptor means—–

The most important element in partnership is:

In the absence of agreement to the contrary all partners are:

Active partner is one who:

On dissolution the partners remain liable to till——

Which of the following statements, about the registration of firm, is not true:

An agreement which is enforceable by law at the option of one or more of the parties
thereon but not at the option of the other or others is a ——–

When the consent of a party is not free, the contract is _____________

Ordinarily, a minor’s agreement is ____________

The threat to commit suicide amounts to———–

An agreement the object or consideration of which is unlawful, is————–

A contingent contract is ____________

A agrees to sell his car worth Rs. 100,000 to B for Rs. 20,000 only, and A’s consent was
obtained by coercion. Here, the agreement is __________

A agrees to pay Rs. 5 lakhs to B if he (B) procures an employment for A in Income Tax
Department. This agreement is _________

Agreement-the meaning of which is uncertain is ________

A contract for the sale of “future goods” is __________

A stipulation which is collateral to the main purpose of the contract, and if proves false,
gives the buyer only a right to claim damages, is known as __________

Goods which are in existence at the time of the Contract of Sale is known as _________

Selection of goods with the intention of using them in performance of the contract and with
the mutual consent of the seller and the buyer is known as __________

An auction sale is complete on the __________

If A agrees to deliver 100 kg of sugar to B in exchange of 15 mts of cloth, then it is __________

A partner can retire on_____________

Death of partner has the effect of____________

Registration of a firm is____________

The reconstitution of the firm takes place in case of __________

G paid Rs.1,00,000 to H to influence the head of the Government Organisation in order
to provide him some employment. On his failure to provide the job, G sued H for recovery
of the amount. Which of the following is correct?

A sold a tin of disinfectant powder to K without warning knowing fully that if the tin was
not opened with care, it will likely to cause injury. K was injured while opening the tin.
Which of the following statement(s) is/are correct?