Top 150+ Solved Business Laws and Special Contracts MCQ Questions Answer
Q. Offer to perform is called
a. attempted performance
b. caveat emptor jus in rem
c. jus in personam
d. jus in rem caveat emptor
Q. Which is not the essential of a valid tender?
a. tender must be conditional
b. tender must be made at a proper place
c. tender must be for obligation
d. tender must be made at proper time
Q. The offer to perform the contract must be
a. unconditional
b. conditional
c. rational
d. provisional
Q. The promises forming consideration for each other are called
a. reciprocal promises
b. mutual promises
c. independent promises
d. none of the above
Q. Ex turpi causa non oritur action means?
a. from an illegal cause, no action arises
b. from an illegal cause action may arises
c. from an legal cause action may arises
d. from an legal cause action may not arises
Q. Consideration and object of an agreement is unlawful if it
a. is fraudulent
b. is possible
c. is impossible
d. all of the above
Q. Which of the following agreements are valid?
a. uncertain agreements
b. wagering agreements
c. agreements to do impossible events
d. none of the above
Q. In which of the following agreements, restraint of trade is valid?
a. agreement with buyer of goodwill
b. trade combinations not opposed to public policy
c. partnership agreements
d. all of the above
Q. An illegal agreement is
a. not enforceable by law
b. prohibited under law
c. either (a) & (b)
d. both (a) & (b)
Q. Which of the following is not a feature of a wagering agreement?
a. chances of gain or loss
b. uncertainty of future event
c. neither party have control over future event
d. neither parties should have an interest in the event
Q. An athletic competitions are valid because they are
a. games of skill
b. just games
c. game of luck
d. all of the above
Q. Share market transactions with a clear intention only to settle the price difference are
a. wagering agreements
b. not wagering agreements
c. contingent contracts
d. voidable agreements