Legal Aspects of Business Quiz Set 2

1. Misrepresentation under section 18 means?

Correct! Wrong!

2. Under section 2(c) promisor is the?

Correct! Wrong!

3. An agreement enforceable by law at the instance of one party & not of other party under section 2(i) is called?

Correct! Wrong!

4. Which of the following is valid?

Correct! Wrong!

5. If the agreement consists of legal and illegal parts, and legal part is separable from illegal part, then legal part is?

Correct! Wrong!

6. Amount withdrawn from ATM is?

Correct! Wrong!

7. Which contract depends upon happening or non-happening of future uncertain event?

Correct! Wrong!

8. __________ Contract is made without any intention of parties?

Correct! Wrong!

9. A promises to pay B, a sum of Rs. 10000/- if it rains and in return B promises to pay Rs. 10000/- to A, if it does not rain. It is a/an __________?

Correct! Wrong!

10. PWD refused to release the payment to a contractor unless he gave up his claim for extra rate, amounted to?

Correct! Wrong!

11. The term quid pro quo is applied in relation to?

Correct! Wrong!

12. In a mediclaim insurance policy, the insured was forced and pressurized for consent to exclusion of cover for cardiac ailments. The consent being?

Correct! Wrong!

13. A and B, being traders, enter upon a contract. A has private information of a change in prices which would affect B’s willingness to proceed with the contract?

Correct! Wrong!

14. When a person at whose option a contract is voidable rescinds it, the consequence would be?

Correct! Wrong!

15. ‘Consensus ad idem’, means

Correct! Wrong!

16. Rescission of contract means?

Correct! Wrong!

17. Which is the correct statement among the following?

Correct! Wrong!

18. Where one of the parties is under a mistake as to matter of fact the contract is?

Correct! Wrong!

19. A contract may be discharged?

Correct! Wrong!

20. A, B and C jointly promise to pay D a sum of Rs.3000/-. C is compelled to pay the whole. A is insolvent, but his assets are sufficient to pay one-half of his debts. D is entitled to receive?

Correct! Wrong!

Legal Aspects of Business Quiz Set 2

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