Business Law Quiz

In which year, the Indian Contract Act has been applied in India?

• 1830

• 1860

• 1872

• 1900

An Agreement can be Contract

• Yes

• No

• May be

• None of these

Essential Validity of Contract-

• Majority of Parties

• Lawful Consideration

• Lawful Objects

• All of these

Contract can be _____________ at the option of the party

In an agency relationship, there are two contracts involve. They are

• A contract between the principal and the agent

• A contract between the principal and the third party through the agent

• A contract between the employee and the third party

• A contract between the principal and the employer

A cheque can be drawn on

• Crossed

• Endorsed

• Both a and b

• None of these

Which one are not included in the types of Partnership?

• Unregistered partnership

• Specific

• Limited Liability

• All of these