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Business Regulation

Total questions: 26

Worksheet time: 14mins

Name
Class
Date
1.

X agrees to sing a song at Y' theatre.Who is liable to sing?

a)

X

b)

Nominee of X

c)

Agent of X

d)

Legal representative of X

2.

Undue influence involve

a)

Threat

b)

Use of physical pressure

c)

Use of position to obtain an unfair advantage over other

d)

None of these

3.

A contract with a minor is

(a)  

4.

Which branch of law deals with Business law ?

a)

Constitutional law

b)

Administrative law

c)

Criminal law

d)

Civil law

e)

Commercial law

5.

The year in which Indian contract act originally published ............

a)

1872

b)

1972

c)

1873

6.

Two major elements which defines a contract .......

a)

Offer and acceptance

b)

Agreement and enforceable by law

c)

Consideration and offer

7.

Agreement = (a)  

8.

Void Ab Initio Means .............

a)

Enforceable

b)

Valid

c)

Void from the beginning

9.

Pick which contract is void ab initio from the below

a)

Illegal Contract

b)

Voidable contract

c)

Valid contract

10.

The law of contract in India is contained in

a)

Indian Contract Act, 1872

b)

Indian Contract Act, 1827

c)

Indian Contract Act, 1728

d)

Indian Contract Act, 1287

11.

when a contract is made expressed ,it includes

a)

written agreement

b)

spoken agreement

c)

both

d)

either written or spoken

12.

mark which statement is true?

a)

all agreements are contracts

b)

all contracts are agreements

c)

all agreements are legal

d)

all agreements are not illegal

13.

What is consensus ad idem?

a)

identity of subject

b)

price

c)

identity of minds

d)

agreement

14.

Which of the following is not an essential element of a valid contract?

a)

Offer and acceptance

b)

Free consent and consideration

c)

Lawful object

d)

Performance

15.

Indian Contract Act is applicable in

a)

Whole of India

b)

Jammu and Kashmir

c)

In union territories

d)

Whole of India except Jammu and Kashmir

16.

Contract= agreement+ (a)  

17.

Indian contract act is based on

a)

The Hiss act

b)

The Mann act

c)

English common law

d)

Consumer Protection Act

18.

This is a example of (a)  

19.

(a)   + Enforceability as per law= Contract

20.
What is a sales contract according to the Sale of Goods Act 1930?
a)
A legal agreement between two or more parties for the sale of goods
b)
A written document outlining the terms of a contract
c)
A formal statement of the terms and conditions of a contract
d)
An oral agreement between two or more parties
21.
What is the definition of "goods" according to the Sale of Goods Act 1930?
a)
Tangible personal property
b)
Real property
c)
Services
d)
Intellectual property
22.

Consent is not free when it is obtained by

a)

Mistake

b)

Fraud

c)

Misrepresentation

d)

Undue Influence

e)

All of the above

23.

All contracts are agreement but all agreements are not contracts

a)

yes

b)

no

24.

Which of the following are essential elements of Sale of Goods under the act?

a)

Two parties

b)

Both movable and immovable goods

c)

Only movable goods

d)

Price

25.
Goods under the Sales of Goods act includes land
a)
True
b)
False
26.

A contract entered into between the parties by words is called-

a)

Express Contract

b)

Implied Contract

c)

Quasi contract

d)

Specific Contract