Mercantile Laws 2

In India , the law relating to contracts is contained in

In a contract through post, the acceptor becomes bound by the contract when properly addressed and stamped letter of his acceptance is

Which of the following statement is false?

Which of the following persons are not competent to contract?

A hand two scooters one green and the other white. He offered to sell his green scooter to B for RS.10000. B accepted the offer believing it to be for white. In this case, no contract arises between A and B as there is

A person, supplying ‘necessaries’ to an incompetent person, is entitled to be reimbursed from the

A party bound to perform the promise may make an offer of performance of promise to the other party , on such an offer to perform is known as

In which of the following modes, the contract is discharged?

Anticipatory breach is the repudiation of the contract

In an agreement to sell, the property in the goods is transferred to the buyer

Which of the following is not an essential element of a contract of sale?

In those cases, where a condition is changed to the status of a warranty , then the buyer

Goods are at the risk of a property who has the

The right of stoppage of goods in transit is exercised by an unpaid seller in order to

Where the maximum number of partners in a firm carrying on banking business exceeds 10 and in any other firm exceeds 20 the the partnership becomes

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

For non Registration of the firm the Indian partnership act,1932

Which of the following right cannot be claimed by a partner as a matter of right?

Unless there is a contrary contract a firm is automatically dissolved on the

As a general rule, an agreement with or by a minor is

In England ——Consideration is not regarded as good consideration

A contract made by an idiot is ——

———–Does not make the contract voidable

A Quasi contract is ———–

On Valid performance of contractual obligations by the parties,the contract——

An agreement to do an act impossible in itself,is ———

Quantum merit means—

——Means the amount of compensation , fixed for breach, which is disproportionate to the damages which may result on breach

The handing over of the keys of warehouse , containing the goods sold, by the seller to the buyer results in —–

A contract for the sale of ‘Future goods’is ———–

The doctrine of caveat emptor implies ——

Where the buyer rejects the whole quantity of goods due to short delivery or excess delivery, the contract is treated as ——-

The right of lien is exercised to ————

A and B agree to produce a film and share the profit of hiring it out. In this case, there is ———-

New partner can be admitted in the firm with the consent of —–

An unregistered firm or its partners may file a suit or claim a set-off if the amount of suit or set-off does not exceed ——-

Where a partner is entitle to interest on capital contributed by him,the interest shell be payable ——-

A partnership firm is compulsorily Dissolved where ——

An express contract is one which is made ——