Business Law MCQs With Answers 11. An agreement made without consideration is
valid, illegal, voidable void View answer Correct answer: (D)
12. On the face of the ticket for a journey the words ― for conditions see back are printed in small print. The passenger ________________
is bound by the conditions whether he takes care to read them or not. is not bound by the conditions may not take note of the conditions none of the above. View answer Correct answer: (A)
13. A contract creates
rights in personam, rights in rem, only rights and no obligations, only obligations and no rights. View answer Correct answer: (B)
14. A mere attempt at deceipt by a party to a contract ________________
is not fraud unless the other party is actually deceived is fraud whether the other party has been deceived ornot amounts to misrepresentation none of the above. View answer Correct answer: (A)
15. If there is a fraudulent misrepresentation as to the character of a document , the contract is ________________
void, voidable, valid illegal View answer Correct answer: (A)
16. The case of nordenfelt v. maxim nordenfelt gun co. (1904)deals with
agreement in restraint of legal proceedings, minor‘s agreements agreement in restraint of trade agreement in restraint of marriage. View answer Correct answer: (C)
17. When promisee refuses to accept performance from the promisor who offers to perform, it is ________________
attempted performance, vicarious performance, tender frustration of contract. View answer Correct answer: (A)
18. Assignment by operation of law takes place ________________
by the mutual consent of parties by the will of either party when the subject matter of a contract ceases to exist. by the death of a party to a contract. View answer Correct answer: (D)
19. Where a contract could not be performed because of the default by a third person on whose work the promisor relied , it ________________
is not discharged is discharged becomes void becomes voidable. View answer Correct answer: (A)
20. Specific performance may be ordered by the court when ________________
the contract is voidable damages are an adequate remedy damages are not an adequate remedy the contract is uncertain. View answer Correct answer: (C)