Business Law MCQs With Answers 131. Which of the following elements does not affect the free consent of the parties.
Coercion Fraud Incompetency Undue influence Correct answer: (C)
132. Which of the following acts does not fall under the categories of fraud?
Intentional false statement of facts Active concealment of facts Innocent false statements Promise made without intention to perform Correct answer: (C)
133. A contract made by mistake about Indian Law, is;
Void Valid Voidable Illegal Correct answer: (B)
134. An agreement in restraint of marriage is valid incase of the following persons
Minors Educated Married None of these Correct answer: (A)
135. Where an agreement consists of two parts once legal and the other illegal and the legal part is separable from the illegal one, such legal part is
Void Valid Voidable Illegal Correct answer: (B)
136. Sometimes, a person finds certain goods belonging to some persons. In such case, the finder
Becomes the owner of the goods and can use them Is under a duty to trace the true owner and return the goods Can sell the perishable goods if true owner cannot be found Both (b) and (c) View answer Correct answer: (D)
137. When after the formation of a valid contract, an event happens which makes the performance of contract impossible then the contract becomes
Void Voidable Valid Illegal Correct answer: (A)
138. What is legal terminology for the doing or not doing of something which the promisor desires to be done or not done?
Desires Wishes Considerations Promise Correct answer: (C)
139. An agreement enforceable by Law is a
Promise Contract Obligation Lawful promise Correct answer: (B)
140. Which of the following statement is true?
Consideration must result in a benefit to both parties Past consideration is no consideration in India Consideration must be adequate Consideration must be something which a promisor is not already bound to do Correct answer: (D)