Business Law

Which of the following is not an element of fraud?

• False representation

• Material facts

• Parties in fiduciary relation

• Silence is not fraud

"Ubberimae fidei" means .........

• Utmost good faith

• Direct dealing

• False representation

• Bad faith and unfair dealing

Say whether the following statement is "True" or "False"

Void contracts can be enforced by law.

• True

• False

Anand decided to withdraw the case against Prasanth, which was filed years before, for stealing the important documents.

• Agreement for stifling criminal prosecution

• Agreement interfering with the course of justice

• Agreement to commit a crime

• Agreement in restraint of personal liberty

The term ________ may be defined as an intentional, deliberate or wilful misstatement of facts which are material for the performance of contract.

• Misrepresentation

• Mistake

• Fraud

• Coercion

Which of the following is a type of undue influence?

• Contract with pardanashin woman

• Contract of marriage

• Contract of insurance

• Contract of sale of immovable property

From the following statements which is not related to misrepresentation.

• No intention to deceive the other party

• The aggrieved party as the the means of discovering the truth with original prudence

• It is an innocent wrong

• It is not an offence

Void-ab-initio means ________

• To enter into an contract which is illegal

• To enter into contract which is injurious to welfare of society

• To have common understanding by both the parties

• To be treated as invalid from the outset

The principle of law which holds that no citizen can lawfully do anything which is injurious to public or the state.

• Public policy

• Undue influence

• Fiduciary

• Void agreement

Business women Meenakshi threatens the ABC.Ltd company to enter into contract with her company. Hence, it is

• Undue influence

• Coercion

• Void

• Illegal agreement