Business Law

81. an agreement the meaning of which is not certain, is

1. void
2. voidable
3. valid
4. illegal

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82. Owing to a strike in the factory of A, he is not able to supply the goods to B as per the terms of the agreement > The agreement in such a case

1. is discharged
2. is not discharged
3. becomes void
4. is voidable at the option of A.

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83. when an agreement is discovered to be void ,any person who has received any advantage under such agreement

1. is bound to restore it
2. is not bound to restore it
3. is not bound to return it.
4. may retain it
5. none of these

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84. A contract of indemnity is a

1. a contingent contract
2. wagering contract
3. quasi contract
4. void contract

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85. The term property as used in the sale of goods act 1930 means

1. possession
2. ownership
3. ownership and possession both
4. the subject matter of contract of sale.

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86. In case of breach of a warranty , the buyer can

1. claim damages only
2. repudiate the contract
3. cannot return the goods
4. refuse to take delivery of the goods

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87. Sale of goods for cash is an example of

1. mutual and independent promises
2. mutual and dependent promises
3. mutual and concurrent promises
4. conditional and dependent promises,.

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88. Where there are co-sureties ,a release by the creditor of one of them

1. discharges the other co-sureties
2. does not discharge the other co-sureties
3. makes all the co-suretiesimmediately liable
4. makes the contract of guarantee void.

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89. The foundation of modern law of dameges was laid down in,

1. Tinn v. Hoffman
2. Taylor v. caldwell
3. Hadley v. Baxendale
4. Addis v. Gramophone

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90. The case of Hadley v. Baxendale (1854) deals with

1. anticipatory breach of contract.
2. quantum of damages
3. supervening impossibility
4. quasi contract.

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