Business Law
1. Which of following result in an offer-
- A declaration of intention
- an invitation to offer,
- an advertisement offering reward to anyone who finds lost dog of the advertise,
- an offer made in a joke.
Correct answer: (C)
an advertisement offering reward to anyone who finds lost dog of the advertise,
2. An agreement made with an alien enemy is
- unlawful on the ground of public policy
- unlawful because it becomes difficult to be performed
- valid, d)voidable.
Correct answer: (A)
unlawful on the ground of public policy
3. A contract to pay B Rs. 10,000 if B s house is burnt – This is a
- wagering agreement
- void
- voidable agreement
- contingent contract
- contract of guarantee.
Correct answer: (D)
contingent contract
4. The case of Mohiri Bibi v. Dharmodas Ghose (1903) deals with-
- communication of offer
- communication of acceptance
- a minors agreements
- fraud
- a lunatic‘s agreement.
Correct answer: (C)
a minors agreements
5. Each party is a promisor and a Promisee in case of –
- past consideration
- present consideration
- every contract
- reciprocal promises
Correct answer: (D)
reciprocal promises
6. The case of Taylor v. caldwell (1883)deals with-
- discharge of contract by destruction of subject matter,
- anticipatory breach of contract
- discharge of contract by death of a party
- breach of contract.
Correct answer: (A)
discharge of contract by destruction of subject matter,
7. A promise made without the intention of performing it amounts to –
- innocent misrepresentation
- fraud
- negligent Misrepresentation
- wrongful misrepresentation
Correct answer: (B)
fraud
8. A minor , by misrepresenting his age , borrows some money –
- he can be sued for the fraud,
- he cannot be sued for the fraud
- he is liable to return the money
- None of the above.
Correct answer: (B)
he cannot be sued for the fraud
9. If there is a fraudulent misrepresentation as to the contents of a document , the contract is –
- void,
- voidable,
- valid
- illegal
Correct answer: (B)
Voidable,
10. There is a counter-offer when-
- the offeree gives conditions for acceptance or introduces a fresh term in acceptance
- the offerer makes a fresh offer
- the offeree makes some query.
- the offeree accepts it.
Correct answer: (A)
the offeree gives conditions for acceptance or introduces a fresh term in