Business Law 81. an agreement the meaning of which is not certain, is
void voidable valid illegal View answer Correct answer: (D)
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. View answer Correct answer: (B)
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 View answer Correct answer: (A)
84. A contract of indemnity is a
a contingent contract wagering contract quasi contract void contract View answer Correct answer: (A)
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. View answer Correct answer: (B)
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 View answer Correct answer: (B)
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,. View answer Correct answer: (C)
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. View answer Correct answer: (B)
89. The foundation of modern law of dameges was laid down in,
Tinn v. Hoffman Taylor v. caldwell Hadley v. Baxendale Addis v. Gramophone View answer Correct answer: (C)
90. The case of Hadley v. Baxendale (1854) deals with
anticipatory breach of contract. quantum of damages supervening impossibility quasi contract. View answer Correct answer: (B)