Business Law MCQs With Answers
111. Consent given to a contract under some misrepresentation by the other party makes the contract
- void
- invalid
- unenforceable
- voidable
Correct answer: (D)
voidable
112. A promise to compensate ,wholly or in part , a person who has already voluntarily done something for the promisor is
- enforceable
- not enforceable because it is without consideration,
- void
- voidable.
Correct answer: (A)
enforceable
113. Consideration in a contract
- may be past ,present or future,
- may be present or future only.
- must be present only.
- must be future only.
Correct answer: (A)
may be past ,present or future,
114. An agreement with or by minor is
- void
- voidable at the option of the minor
- voidable at the option of the other party
- valid.
Correct answer: (A)
void
115. An agreement not enforceable by law is said to be
- void,
- voidable,
- valid,
- unenforceable,
- illegal.
Correct answer: (A)
void,
116. Flaw in capacity to contract may arise from
- lack of free consent
- lack of consideration
- minority
- absence of legal formalities.
Correct answer: (C)
minority
117. An acceptance is not according to the mode prescribed but the offerer decides to keep quiet. In such a case there is
- a contract,
- no contract,
- a voidable contract,
- an unenforceable contract.
Correct answer: (A)
a contract,
118. A makes an offer to B on 10th by a letter which reaches B on 12th B posts letter of acceptance on 14th which reaches A on 16th. The communication of acceptance is complete as against A on
- 12th
- 14th
- 16th
Correct answer: (C) 16