Business Law MCQS With Answers 51 to 60 - Ask By People

 

Business Law

51. The case of Satyabrata Ghose v. Mugneeram Bangur & co. (1954) deals with

1. agreement opposed to public policy
2. Supervening impossibility
3. contract of guarantee
4. agency

Correct answer: (A)
agreement opposed to public policy

52. A person enters into an agreement whereby he is bound to do something which is against his public orprofessional duty. The agreement is

1. void on the ground of public policy
2. valid
3. voidable
4. illegal

Correct answer: (A)
void on the ground of public policy

53. A minor enters into a contract for the purchase of certain necessaries , in such case

1. he is not personally liable to pay
2. he is liable to pay
3. his estate is liable to pay
4. his guardian is liable to pay.

Correct answer: (C)
his estate is liable to pay

54. Flaw in a capacity to contract may arise from

1. want of consideration
2. unsoundness of mind
3. illegality of object
4. uncertainty of object.

Correct answer: (B)
unsoundness of mind

55. I there is error in consensus , the agreement is

1. void
2. voidable
3. avoid
4. illegal
5. not affected at all.

Correct answer: (A)
void

56. An agreement to do an impossible act is,

1. void
2. voidable
3. illegal
4. enforceable under certain circumstances.

Correct answer: (A)
void

57. When a party to a contract transfers his contractual rights to another, it is known as,

1. rescission of contract
2. waiver of contract
3. discharge of contract,
4. assignment of contract.

Correct answer: (D)
assignment of contract.

58. A creditor agrees with his debtor and a third party to accept that third party as his debtor . The contract is discharged by,

1. performance
2. alteration
3. waiver
4. remission
5. remission

Correct answer: (C)
waiver

59. Anticipatory breach of a contract takes place

1. during the performance of the contract
2. at the time when the performance is due.
3. before the performance is due
4. at the time when the contract is entered into.

Correct answer: (C)
before the performance is due

60. Exemplary damages are

1. allowed in case of dishounor of a cheque by a banker having sufficient funds
2. the difference between the contract price and the market price
3. allowed where in case of breach of a contract , the plaintiff has not suffered any loss.
4. none of these.

Correct answer: (A)
allowed in case of dishounor of a cheque by a banker having sufficient funds