CPT Exam Mercantile Laws 6

Novation may take place between

The basis of ‘quasi contractual relations’ is the———

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

A contingent contract dependent on the non-happening of a future uncertain event becomes void when such event–

Which of the following is not the right of a partner i.e., which he cannot claim as a matte r of right?

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

A, B and C jointly promised to pay Rs. 60,000 to D. A was compelled by D to pay the entire amount of Rs. 60,000. Here

The doctrine of Caveat Emptor does not apply, when—

A threatens to kill B if he does not agree to sell his scooter to him for Rs. 5,000. Here, B’s consent is obtained by:

Consideration in simple term means:

71. Suppose you have entered into a partnership agreement and the partnership deed
provides neither for the duration nor for the determination of our partnership. What is the
technical expression for this kind of partnership?

A agrees to deliver his old car valued at Rs. 80,000 to B, a car dealer, in exchange for a new car, and agrees to pay the difference in cash it is—-

When offer is made to a definite person, it is known as———–

Standing Offer means————

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———

Which of the following elements does not affect the free consent of the parties———-

A new partner can be admitted in the firm with the consent of————-

A agrees to pay Rs. 50,000 to B if he kills C. The agreement is——–

An agreement in restraint of legal proceedings is void. It does not cover an agreement which————

A partner can be expelled if:

A contract is discharged by rescisson which means the——

Which of the following acts are not included in the implied authority of a partner?

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

In which form of the contract, the property in the goods passes to the buyer immediately:

If a seller handed over the keys of a warehouse containing the goods to the buyer, it results in———–

Which of the following statements is not true about minor’s position as a partner?

The unpaid seller has right of stoppage of goods in transit only where the buyer——-

As per the accepted view, the registration of the firm is considered complete when———–

Legally, a contract of sale includes———–

In case of illegal agreements, the collateral agreements are:———–

On dissolution the partners remain liable till:——–

Which one of the following is/are document of title to goods?

A partner can retire on:————

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

The special damages, i.e., the damages which arise due to some special or unusual circumstances———-

In a hire-purchase agreement, the hirer——–

Sometimes, a party is entitled to claim compensation in proportion to the work done by him. It is possible by a suit for–

A stipulation in a contract of sale of goods whose violation by seller gives a right of rescission to buyer, is called:

Active partner is one who:

A contract for the sale of goods which provide that the property would pass to the buyer
on full payment of price and execution of sale deed, is known as—————