Business Law 71. S and P go into a shop, S says to the shopkeeper, C let P have the goods and if he does not pay you, I will ― This is a
contract of guarantee contract of indemnity wagering agreement quasi contract View answer Correct answer: (A)
72. In a sale, the property in goods
is transferred to the buyer is yet to be transferred to the buyer may be transferred at a future time istransferred when goods are delivered to the buyer is transferred when the buyer pays the price View answer Correct answer: (A)
73. If a sale is by sample as well as by description , the implied condition is that the goods shall correspond with
sample description both sample and description either sample or description. View answer Correct answer: (C)
74. In a sale , there is an implied condition on the part of the seller that he
has a right to sell the goods is in possession of the goods will have the right to sell will acquire the goods View answer Correct answer: (A)
75. In case of a wrongful dishonour of a cheque by a banker having funds to the credit of the customer ,the court may award
ordinary damages, nominal damages exemplary damages contemptuous damages. View answer Correct answer: (C)
76. An agreement is a voidable contract when it is
enforceable if certain conditions are fulfilled. enforceable bylaw at the option of the aggrieved party. enforceable by both parties d)not enforceable at all. An agreement not enforceable by law is said to be View answer Correct answer: (B)
77. Acceptance may be revoked by the acceptor
at any time before the letter of acceptance reaches the offerer after the letter of acceptance reaches the offeree before the death of the acceptor. View answer Correct answer: (B)
78. Consideration must move at the desire of
the promisor, the promisee, promisor or any other third party, both the promisor and the promisee. any third party View answer Correct answer: (A)
79. On attaining the age of majority a minor‘s agreement
can be ratified by him cannot be ratified by him becomes void becomes valid. View answer Correct answer: (B)
80. When consent to an agreement is obtained by undue influence, the agreement is a
contract voidable at the option of the party whose consent was so obtained void contract. valid contract void agreement. View answer Correct answer: (A)