Mercantile Laws 6
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Question 1 of 40
1. Question
1 pointsNovation may take place between
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Question 2 of 40
2. Question
1 pointsThe basis of ‘quasi contractual relations’ is the———
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Question 3 of 40
3. Question
1 pointsGoods which are in existence at the time of the Contract of Sale is known as——
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Question 4 of 40
4. Question
1 pointsA contingent contract dependent on the non-happening of a future uncertain event becomes void when such event–
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Question 5 of 40
5. Question
1 pointsWhich of the following is not the right of a partner i.e., which he cannot claim as a matte r of right?
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Question 6 of 40
6. Question
1 pointsWhich of the following is false? An offer to be valid must:
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Question 7 of 40
7. Question
1 pointsA, 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
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Question 8 of 40
8. Question
1 pointsThe doctrine of Caveat Emptor does not apply, when—
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Question 9 of 40
9. Question
1 pointsA 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:
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Question 10 of 40
10. Question
1 pointsConsideration in simple term means:
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Question 11 of 40
11. Question
1 points71. 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?Correct
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Question 12 of 40
12. Question
1 pointsA 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—-
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Question 13 of 40
13. Question
1 pointsWhen offer is made to a definite person, it is known as———–
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Question 14 of 40
14. Question
1 pointsStanding Offer means————
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Question 15 of 40
15. Question
1 pointsSelection 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———Correct
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Question 16 of 40
16. Question
1 pointsWhich of the following elements does not affect the free consent of the parties———-
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Question 17 of 40
17. Question
1 pointsA new partner can be admitted in the firm with the consent of————-
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Question 18 of 40
18. Question
1 pointsA agrees to pay Rs. 50,000 to B if he kills C. The agreement is——–
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Question 19 of 40
19. Question
1 pointsAn agreement in restraint of legal proceedings is void. It does not cover an agreement which————
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Question 20 of 40
20. Question
1 pointsA partner can be expelled if:
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Question 21 of 40
21. Question
1 pointsA contract is discharged by rescisson which means the——
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Question 22 of 40
22. Question
1 pointsWhich of the following acts are not included in the implied authority of a partner?
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Question 23 of 40
23. Question
1 pointsA mistake as to a law not in force in India has the same effect as:
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Question 24 of 40
24. Question
1 pointsIn which form of the contract, the property in the goods passes to the buyer immediately:
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Question 25 of 40
25. Question
1 pointsIf a seller handed over the keys of a warehouse containing the goods to the buyer, it results in———–
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Question 26 of 40
26. Question
1 pointsWhich of the following statements is not true about minor’s position as a partner?
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Question 27 of 40
27. Question
1 pointsThe unpaid seller has right of stoppage of goods in transit only where the buyer——-
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Question 28 of 40
28. Question
1 pointsAs per the accepted view, the registration of the firm is considered complete when———–
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Question 29 of 40
29. Question
1 pointsLegally, a contract of sale includes———–
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Question 30 of 40
30. Question
1 pointsIn case of illegal agreements, the collateral agreements are:———–
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Question 31 of 40
31. Question
1 pointsOn dissolution the partners remain liable till:——–
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Question 32 of 40
32. Question
1 pointsWhich one of the following is/are document of title to goods?
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Question 33 of 40
33. Question
1 pointsA partner can retire on:————
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Question 34 of 40
34. Question
1 pointsWhich of the following is not an implied condition in a contract of sale?
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Question 35 of 40
35. Question
1 pointsThe special damages, i.e., the damages which arise due to some special or unusual circumstances———-
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Question 36 of 40
36. Question
1 pointsIn a hire-purchase agreement, the hirer——–
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Question 37 of 40
37. Question
1 pointsSometimes, a party is entitled to claim compensation in proportion to the work done by him. It is possible by a suit for–
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Question 38 of 40
38. Question
1 pointsA stipulation in a contract of sale of goods whose violation by seller gives a right of rescission to buyer, is called:
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Question 39 of 40
39. Question
1 pointsActive partner is one who:
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Question 40 of 40
40. Question
1 pointsA 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—————Correct
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