Business Law MCQs With Answers 61. The3unlawful detention of any property of a person to obtain his consent to a contract amounts to
misrepresentation fraud undue influence coercion. View answer Correct answer: (D)
62. A person is usually of sound mind , but occasionally of sound mind
he may enter in to a contract when he is of sound mind, he may not make a contract even when he is of sound mind he cannot enter into a contract at all. None of the above. View answer Correct answer: (A)
63. An offer is made to Mani in crowd It
can be accepted by him alone, may be accepted by any person who hears it. may be accepted by his brother may be accepted by his friends. View answer Correct answer: (A)
64. A person who is not party t a contract
cannot sue, can sue, can sue only in well recognized cases none of these. View answer Correct answer: (C)
65. The contractual capacity of a company is regulated by
its memorandum of association and the provisions of the companies act, 1956 the terms of contract enteredinto with a third party its articles of association its prospectus. View answer Correct answer: (A)
66. Merely because a contract was caused by one of the parties to it being under a mistake as to a matter of fact , it isnot
voidable void affected at all none of the above. View answer Correct answer: (A)
67. A wagering agreement is.
forbidden by law, immoral, opposed to public policy none of the above. View answer Correct answer: (A)
68. Where the debtor does not expressly intimate or where the circumstances attending on a payment do not indicateany intention , the creditor
may apply it to any lawful debt due May apply it even to a time barred debt. View answer Correct answer: (A)
69. A undertakes to paint a picture of B. He dies before he paints the picture. The contract
is discharged by death becomes voidable becomes voidable at the option of the legal representatives of A. will have to be performed by the legal representatives of A. View answer Correct answer: (A)
70. A quasi contract
is a contract as an agreement creates only legal obligation is none of these View answer Correct answer: (C)