Mercantile Laws 8
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Question 1 of 40
1. Question
1 pointsWhich of the following statement is false? Consideration:
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Question 2 of 40
2. Question
1 pointsA proposal when accepted becomes a——–
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Question 3 of 40
3. Question
1 pointsWhich of the following is false? An acceptance:
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Question 4 of 40
4. Question
1 pointsA void agreement is one which is:
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Question 5 of 40
5. Question
1 pointsThe law of contract in India is contained in:
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Question 6 of 40
6. Question
1 pointsWhich of the following statement is true?
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Question 7 of 40
7. Question
1 pointsWhich of the following statement is true?
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Question 8 of 40
8. Question
1 pointsOn the valid performance of the contractual obligations by the parties, the contract———-
Correct
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Question 9 of 40
9. Question
1 pointsA contract is discharged by rescission which means the———–
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Incorrect
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Question 10 of 40
10. Question
1 pointsThe Sale of Goods Act, 1930 deals with _________
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Question 11 of 40
11. Question
1 pointsWhich one of the following is/are document of title to goods?
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Question 12 of 40
12. Question
1 pointsWhich one of the following is not true?
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Question 13 of 40
13. Question
1 pointsIn which form of the contract, the property in the goods passes to the buyer immediately:
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Question 14 of 40
14. Question
1 pointsWhich one of the following is not an implied warranty?
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Question 15 of 40
15. Question
1 pointsA firm is the name of:
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Question 16 of 40
16. Question
1 pointsA partnership at will is one:
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Question 17 of 40
17. Question
1 pointsEvery partner has the right to:
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Question 18 of 40
18. Question
1 pointsWhich of the following is not disability of an unregistered firm?
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Question 19 of 40
19. Question
1 pointsWhich of the following is not the right of a partner i.e., which he cannot claim as a matter of right?
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Question 20 of 40
20. Question
1 pointsIn case of illegal agreements, the collateral agreements are———-
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Question 21 of 40
21. Question
1 pointsConsent is not said to be free when it is caused by————
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Question 22 of 40
22. Question
1 pointsMoral pressure is involved in the case of————
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Question 23 of 40
23. 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 24 of 40
24. Question
1 pointsA contract dependent on the happening or non-happening of future uncertain event, is a———-
Correct
Incorrect
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Question 25 of 40
25. Question
1 pointsA agrees to pay Rs. one lakh to B if he brings on earth a star from sky. This is a contingent contract and——–
Correct
Incorrect
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Question 26 of 40
26. Question
1 pointsAs a general rule, an agreement made without consideration is——–
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Question 27 of 40
27. Question
1 pointsAn agreement made with free consent to which the consideration is lawful but inadequate, is——–
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Question 28 of 40
28. Question
1 pointsA contract with the minor, which is beneficial for him, is———-
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Question 29 of 40
29. Question
1 pointsA stipulation in a contract of sale of goods whose violation by seller gives a right of rescission to buyer, is called——
Correct
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Question 30 of 40
30. Question
1 pointsThe essence of a right of lien is to———-
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Question 31 of 40
31. Question
1 pointsIf a seller handed over the keys of a warehouse containing the goods to the buyer results in——–
Correct
Incorrect
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Question 32 of 40
32. 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 itCorrect
Incorrect
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Question 33 of 40
33. Question
1 pointsA contact 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
Incorrect
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Question 34 of 40
34. Question
1 pointsVoluntary transfer of possession by one person to another is popularly known as——
Correct
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Question 35 of 40
35. Question
1 pointsA partner can be expelled if——
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Question 36 of 40
36. Question
1 pointsA new partner can be admitted in the firm with the consent of———–
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Question 37 of 40
37. Question
1 pointsA partner may retire from an existing firm———–
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Question 38 of 40
38. Question
1 pointsA partnership firm is compulsorily dissolved where———
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Question 39 of 40
39. Question
1 pointsRam, Rohit and Kiran jointly borrowed Rs. 2,00,000 from Rahim by executing a promissory
note. Rohit and Kiran are not traceable. Rahim wants to recover the entire amount from
Ram. Ram objected this move by saying he is liable to pay 1/3 of the debt only. Which of the
following statement(s) is correct?Correct
Incorrect
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Question 40 of 40
40. Question
1 pointsA, a Singer agrees with B for his performance at a particular theatre on a specified date.
While on his way to the theatre A meets with an accident and is rendered unconscious.
Choose the correct statement.Correct
Incorrect