Mercantile Laws 5

Which of the following statement is true?

An auction sale is complete on the

A minor is–

A contract is discharged by novation which means the

In case of anticipatory breach, the aggrieved party may treat the contract

Generally, the following damages are not recoverable?

A, by a letter dated 25th December, 2008, offers to sell his house to B for Rs. 10 lakhs.
The letter reaches B on 27th December, 2008, who posts his acceptance on 28th
December, 2008 which reaches A on 30th December, 2008. Here, the communication of
offer is complete on

Where the consent of a party is obtained by misrepresentation, the contract is

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

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

The doctrine of Caveat Emptor does not apply, when

Where the goods are delivered to a carrier or wharfinger for the purpose of transmission to the buyer, the delivery is

A partner can retire on:

Moral pressure is involved in the case of

Death of partner has the effect of:

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

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

An offer may lapse by:

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

A void agreement is one which is

A agrees to pay Rs. One Lakh to B if he brings on earth a star from sky. This is a contingent contract and

A minor’s liability for necessaries supplied to him

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

In case of illegal agreements, the collateral agreements are:

Under the doctrine of Caveat Emptor the seller is

Which of the following persons can perform the contract?

A partner may be expelled from the firm on the fulfillment of the condition that the
expulsion power is exercised.

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

On which of the following grounds, a partner may apply to the court for dissolution of the firm?

Mercantile Agent is having an authority to

Acceptance of delivery of goods is deemed to take place when the buyer

When the unpaid seller has parted with the goods to a carrier and the buyer has become insolvent he can exercise

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

An unregistered firm cannot claim”

Which of the following is not an exception to the rule- No Consideration, No contract

Active partner is one who:

Which of the following is false? An acceptance:

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

A contract with the minor, which is beneficial for him, is

Which one of the following is not an implied warranty