Top 150+ Solved Business Laws and Special Contracts MCQ Questions Answer
Q. A minor’s guardian is not liable to the creditor for breach of contract by the minor, if thecontract is for __________
a. supply of necessaries
b. supply of non-necessaries
c. supply of services
d. all of the above
Q. The doctrine of restitution refers to the restoration of property or goods, obtained by falserepresentation. This doctrine is
a. beneficial to minors
b. not applicable to minors
c. applicable to minors
d. none of the above
Q. A consideration in a contract
a. may be any thing
b. nothing in return
c. something in return
d. may be illusory
Q. An agreement not supported by the consideration is called
a. nudum pactum
b. an invalid consideration
c. ab initio
d. namo dat quod non habet
Q. The consideration is to be moved sometime after the formation of a contract, it is known as
a. present consideration
b. executory consideration
c. past consideration
d. executed consideration
Q. The term privity of contract means
a. stranger to contract
b. contract is private
c. first party to contract
d. second party to contract
Q. A proposal may consist of a promise for
a. doing an act
b. abstaining from doing an act
c. either (a) or (b)
d. returning the consideration
Q. A offers to sell his car on internet, it is
a. an express offer
b. an implied offer
c. a particular offer
d. no offer
Q. The offer which is allowed to remain open for the acceptance over a period of time is knownas a/an
a. standing offer
b. specific offer
c. special offer
d. implied offer
Q. The offer made to a specific person or group of persons is known as a
a. standing offer
b. specific offer
c. special offer
d. separate offer
Q. When a person invites the other party to make an offer, he is said to make a/an
a. proposal
b. offer
c. invitation to offer
d. acceptance
Q. Price lists, catalogues, advertisements in newspapers and enquiries from customers are
a. offers
b. invitations to offer
c. acceptances
d. cross offers
Q. Goods displayed in a shop with a price label is
a. an offer
b. an invitation to offer
c. a counter-offer
d. a contra-offer