Business Law MCQs With Answers 51. The case of Satyabrata Ghose v. Mugneeram Bangur & co. (1954) deals with
agreement opposed to public policy Supervening impossibility contract of guarantee agency View answer Correct answer: (A)
52. A person enters into an agreement whereby he is bound to do something which is against his public orprofessional duty. The agreement is
void on the ground of public policy valid voidable illegal View answer Correct answer: (A)
53. A minor enters into a contract for the purchase of certain necessaries , in such case
he is not personally liable to pay he is liable to pay his estate is liable to pay his guardian is liable to pay. View answer Correct answer: (C)
54. Flaw in a capacity to contract may arise from
want of consideration unsoundness of mind illegality of object uncertainty of object. View answer Correct answer: (B)
55. I there is error in consensus , the agreement is
void voidable avoid illegal not affected at all. View answer Correct answer: (A)
56. An agreement to do an impossible act is,
void voidable illegal enforceable under certain circumstances. View answer Correct answer: (A)
57. When a party to a contract transfers his contractual rights to another, it is known as,
rescission of contract waiver of contract discharge of contract, assignment of contract. View answer Correct answer: (D)
58. A creditor agrees with his debtor and a third party to accept that third party as his debtor . The contract is discharged by,
performance alteration waiver remission remission View answer Correct answer: (C)
59. Anticipatory breach of a contract takes place
during the performance of the contract at the time when the performance is due. before the performance is due at the time when the contract is entered into. View answer Correct answer: (C)
60. Exemplary damages are
allowed in case of dishounor of a cheque by a banker having sufficient funds the difference between the contract price and the market price allowed where in case of breach of a contract , the plaintiff has not suffered any loss. none of these. View answer Correct answer: (A)