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Business Law

Authored by Rehana Parvin

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University

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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1) Which one of the following element is not necessary for a contract ?

A) Competent parties

B) Reasonable terms and conditions.

C) Free consent

D) Lawful consideration .

a

a+b

a+b+c

a+b+c+d

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2) An agreement becomes a contract if :

it is by free consent of the parties

Parties are competent

it is enforceable by law

None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consider the following statements :

 

1. If an infant obtains property or goods by misrepresenting his age, he can be compelled to restore it even though the infant has sold the Goods or converted them.

2. There is no estoppel against minor.

Which of the statement given above are correct?

1 only

2 only

both 1 and 2

neither 1 nor 2

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A petient in a lunatic Asylum who is at intervals of sound mind :

May not contract.

May contract

May contact during those intervals when he is of sound mind.

May contract only after he becomes completely of sound mind .

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An agreement not enforceable by law is said to be:

A contract

Void

A voidable contract

A void contract

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the communication of a proposal is complete:

When it do not comes to the knowledge of the person to whom it is made.

When it comes to the knowledge of another person that some communication was made to the concerned person.

When it comes to the knowledge of the person to whom it is not made.

When it comes to the knowledge of the person to whom it is made.

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When an acceptance may be revoked:

An acceptance may be revoked at any time before the communication of the acceptance is complete as against the proposer, but not afterwards.

An acceptance may be revoked at any time before the communication of the acceptance is complete as against the acceptor, but not afterwards.

An acceptance may be revoked at any time before the communication of the acceptance is incomplete as against the acceptor, but not afterwards.

An acceptance may be revoked at any time after the communication of the acceptance is complete as against the acceptor, but not afterwards.

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