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
Correct answer: (A)
contract of guarantee
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
Correct answer: (A)
is transferred to the buyer
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.
Correct answer: (C)
both sample and description
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
Correct answer: (A)
has a right to sell the goods
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.
Correct answer: (C)
exemplary damages
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
Correct answer: (B)
enforceable bylaw at the option of the aggrieved party.
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.
Correct answer: (B)
before the letter of acceptance reaches the offerer
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
Correct answer: (A)
the promisor,
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.
Correct answer: (B)
cannot be ratified by him
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.
Correct answer: (A)
contract voidable at the option of the party whose consent was so obtained
Saturday, January 8, 2022