Top 150+ Solved Business Laws MCQ Questions Answer
Q. Which of the following is not an exception to the rule – No consideration, No contract.
a. Compensation for involuntary services
b. Love & Affection
c. Contract of agencies
d. Gift
Q. A minor’s liability for ‘necessaries’ supplied to him
a. Arises after he attains majority age
b. Is against only minor’s property
c. Does not arise at all
d. Arises if minor gives a promise for it
Q. Which of the following statement is not true about minor’s position in a form?
a. He cannot become a partner in an existing firm
b. He can become a partner in an existing firm
c. He can be admitted only to the benefits of any existing firm
d. He can become partner on becoming a major
Q. Which of the following statement is true?
a. A contract with a minor is voidable at the option of the minor
b. An agreement with the minor can be ratified after he attains majority
c. A person who is usually of an unsound mind cannot enter into contract even when he is of a sound mind
d. A person who is usually of an sound mind cannot enter into contract even when
Q. Consent is not said to be free when it is caused by
a. Coercion
b. Undue influence
c. Fraud
d. All of these
Q. When the consent of a party is obtained by fraud, the contract is
a. Void
b. Voidable
c. Valid
d. Illegal
Q. The threat to commit suicide amounts to
a. Coercion
b. Undue influence
c. Misrepresentation
d. Fraud
Q. Moral pressure is involved in the case of
a. Coercion
b. Undue influence
c. Misrepresentation
d. Fraud
Q. A wrong representation when made without any intention to deceive the other partyamounts to
a. Coercion
b. Undue influence
c. Misrepresentation
d. Fraud
Q. Which of the following statement is true?
a. A threat to commit suicide does not amount to coercion
b. Undue influence involves use of physical pressure
c. Ignorance of law is no excuse
d. Silence always amounts to fraud
Q. In case of illegal agreements, the collateral agreements are;
a. Void
b. Valid
c. Voidable
d. Any of these
Q. An agreement the object or consideration of which is unlawful, is:
a. Void
b. Valid
c. Voidable
d. Contingent
Q. An agreement is void if it is opposed to public policy. Which of the following is notcovered by heads of public policy.
a. Trading with an enemy
b. Trafficking in public offices
c. Marriage brokerage contracts
d. Contracts to do impossible acts
Q. On the valid performance of the contractual obligations by the parties, the contract;
a. Is discharged
b. Becomes enforceable
c. Becomes void
d. None of these