Top 150+ Solved Business Regulations MCQ Questions Answer
Q. The controller shall publish notice of _______ of licence in the database maintained by him.
a. suspension
b. revocation
c. both (a) & (b)
d. none of these
Q. The effect of refusal to accept a properly made offer of performance is that:
a. the promisor is not responsible for non-performance and can sue the promisee for the breach of contract.
b. such offer lapses on rejection by the offeree.
c. the contract is rendered voidable at the option of promisor.
d. the contract is discharged by anticipatory breach.
Q. In which of the following circumstances a contract can be treated as discharged under theconcept of supervening impossibility?
a. spurt in prices
b. change in import policy
c. non-receipt of raw material from the supplier
d. shortage of working capital
Q. The consent is said to be free when:
a. two or more persons agree upon same thing in the same sense.
b. all parties to the contract benefit from the contract.
c. it is not the result of coercion or undue influence or fraud or misrepresentation or
d. all of the above.