Business Law MCQs With Answers 1. Which of following result in an offer-
A declaration of intention an invitation to offer, an advertisement offering reward to anyone who finds lost dog of the advertise, an offer made in a joke. View answer Correct answer: (C)
2. An agreement made with an alien enemy is
unlawful on the ground of public policy unlawful because it becomes difficult to be performed valid, d)voidable. View answer Correct answer: (A)
3. A contract to pay B Rs. 10,000 if B s house is burnt – This is a
wagering agreement void voidable agreement contingent contract contract of guarantee. View answer Correct answer: (D)
4. The case of Mohiri Bibi v. Dharmodas Ghose (1903) deals with-
communication of offer communication of acceptance a minors agreements fraud a lunatic‘s agreement. View answer Correct answer: (C)
5. Each party is a promisor and a Promisee in case of –
past consideration present consideration every contract reciprocal promises View answer Correct answer: (D)
6. The case of Taylor v. caldwell (1883)deals with-
discharge of contract by destruction of subject matter, anticipatory breach of contract discharge of contract by death of a party breach of contract. View answer Correct answer: (A)
7. A promise made without the intention of performing it amounts to –
innocent misrepresentation fraud negligent Misrepresentation wrongful misrepresentation View answer Correct answer: (B)
8. A minor , by misrepresenting his age , borrows some money –
he can be sued for the fraud, he cannot be sued for the fraud he is liable to return the money None of the above. View answer Correct answer: (B)
9. If there is a fraudulent misrepresentation as to the contents of a document , the contract is –
void, voidable, valid illegal View answer Correct answer: (B)
10. There is a counter-offer when-
the offeree gives conditions for acceptance or introduces a fresh term in acceptance the offerer makes a fresh offer the offeree makes some query. the offeree accepts it. View answer Correct answer: (A)