Top 150+ Solved Business Laws MCQ Questions Answer
Q. Which of the following acts does not fall under the categories of fraud?
a. Intentional false statement of facts
b. Active concealment of facts
c. Innocent false statements
d. Promise made without intention to perform
Q. Where the consent of a party is obtained by misrepresentation, the contract is;
a. Valid
b. Void
c. Voidable
d. Illegal
Q. Which of the following statement is false?
a. A contract is not voidable if fraud or misrepresentation does not induce the other party to enter a contract.
b. A party cannot complain of fraudulent silence or misrepresentation if he had the means of discovering the truth with ordinary means
c. In case of fraud or misrepresentation, aggrieved party can either rescind or affirm the contract
d. A party who affirms the contract , can also change his option afterwards if he so decides
Q. Where the consent of both the parties is given by mistakes, the contract is;
a. Void
b. Valid
c. Voidable
d. Illegal
Q. A mistake as to law not in force in India has the same effect as;
a. Mistake of fact
b. Mistake of Indian Law
c. Fraud
d. Misrepresentation
Q. The consideration or object of agreement is considered unlawful, if is
a. Forbidden by law
b. Fraudulent
c. Immoral
d. All of these
Q. A agrees to pay Rs.5 lakhs to B procures an employment for A in Income TaxDepartment. This agreement is
a. Void
b. Valid
c. Voidable
d. Contingent
Q. A agrees to pay Rs.50000 to B if he kills C. the agreement is
a. Void
b. Valid
c. Voidable
d. Contingent
Q. An agreement in restraint of marriage, ie, which prevents a person from marrying is
a. Valid
b. Voidable
c. Void
d. Contingent
Q. An agreement in restraint of marriage is valid incase of the following persons
a. Minors
b. Educated
c. Married
d. None of these
Q. An agreement, which prevents a person from carrying lawful business is
a. Valid
b. Void
c. Voidable
d. Contingent
Q. An agreement in restraint of legal proceedings is void. It does not cover an agreementwhich
a. Restrict absolutely the parties from enforcing their legal rights.
b. Cuts short the period of limitation
c. Discharges a party from liability or extinguishes the rights of a party
d. Provides for a reference to arbitration instead of court of law