Business Law
81. an agreement the meaning of which is not certain, is
- void
- voidable
- valid
- illegal
Correct answer: (D)
illegal
82. Owing to a strike in the factory of A, he is not able to supply the goods to B as per the terms of the agreement > The agreement in such a case
- is discharged
- is not discharged
- becomes void
- is voidable at the option of A.
Correct answer: (B)
is not discharged
83. when an agreement is discovered to be void ,any person who has received any advantage under such agreement
- is bound to restore it
- is not bound to restore it
- is not bound to return it.
- may retain it
- none of these
Correct answer: (A)
is bound to restore it
84. A contract of indemnity is a
- a contingent contract
- wagering contract
- quasi contract
- void contract
Correct answer: (A)
a contingent contract
85. The term property as used in the sale of goods act 1930 means
- possession
- ownership
- ownership and possession both
- the subject matter of contract of sale.
Correct answer: (B)
ownership
86. In case of breach of a warranty , the buyer can
- claim damages only
- repudiate the contract
- cannot return the goods
- refuse to take delivery of the goods
Correct answer: (B)
repudiate the contract
87. Sale of goods for cash is an example of
- mutual and independent promises
- mutual and dependent promises
- mutual and concurrent promises
- conditional and dependent promises,.
Correct answer: (C)
mutual and concurrent promises
88. Where there are co-sureties ,a release by the creditor of one of them
- discharges the other co-sureties
- does not discharge the other co-sureties
- makes all the co-suretiesimmediately liable
- makes the contract of guarantee void.
Correct answer: (B)
does not discharge the other co-sureties
89. The foundation of modern law of dameges was laid down in,
- Tinn v. Hoffman
- Taylor v. caldwell
- Hadley v. Baxendale
- Addis v. Gramophone
Correct answer: (C)
Hadley v. Baxendale
90. The case of Hadley v. Baxendale (1854) deals with
- anticipatory breach of contract.
- quantum of damages
- supervening impossibility
- quasi contract.
Correct answer: (B)
quantum of damages
Saturday, January 8, 2022