Business Law MCQS With Answers 161 to 170

 

Business Law

161. A wrong representation when made without any intention to deceive the other party amounts to

1. Coercion
2. Undue influence
3. Misrepresentation
4. Fraud

Correct answer: (C)
Misrepresentation

162. Which of the following persons can perform the contract?

1. Promisor alone
2. Legal representatives of the Promisor
3. Agent of the Promisor
4. All of these

Correct answer: (D)
All of these

163. A contingent contract is;

1. Void
2. Voidable
3. Valid
4. Illegal

Correct answer: (C)
Valid

164. A voidable contract is one which;

1. Can be enforced at the option of the aggrieved party
2. Can be enforced at the option of the both parties
3. Cannot be enforced in a court of laws
4. Court prohibits

Correct answer: (A)
Can be enforced at the option of the aggrieved party

165. A agrees to sell his car worth Rs. I00000 lakh to B for rs.20000 and A's consent was obtained by coercion. Here, the agreement is;

1. Void
2. Valid
3. Voidable
4. Unlawful

Correct answer: (C)
Voidable

166. When one party is in a position to dominate the will of another and uses his superior position to obtain the consent of a weaker party, the consent is said to be obtained by;

1. Coercion
2. Undue influence
3. Fraud
4. Misrepresentation

Correct answer: (B)
Undue influence

167. As per Section 20, the contract is void, on account of bilateral mistake of fact. But as per Section 22, if there is mistake of only one party, then the contract is;

1. Void
2. Valid
3. Voidable
4. Illegal

Correct answer: (B)
Valid

168. A agrees to pay Rs.50000 to B if he kills C. the agreement is

1. Void
2. Valid
3. Voidable
4. Contingent

Correct answer: (A)
Void

169. A agrees to sell his car to B at a price which B may be able to pay. This agreement is

1. Void
2. Valid
3. Voidable
4. Contingent

Correct answer: (A)
Void

170. A agrees to pay Rs.1000 to B if a certain ship returns within a year. However, the ship sinks within the year. In this case, the contract becomes

1. Valid
2. Void
3. Voidable
4. Illegal

Correct answer: (B)
Void

Business Law

Saturday, January 8, 2022

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