Top 150+ Solved Business Regulations MCQ Questions Answer
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
Q. Which of these are not opposed to public policy?
a. trading with enemy
b. stifling prosecution
c. compromise of compoundable offences
d. agreement to commit a crime
Q. Where a person agrees to maintain a suit, in which he has no interest, the proceeding isknown as
a. champerty
b. maintenance
c. stifling with prosecution
d. interference with course of justice
Q. An agreement whereby one party assists another in recovering money or property and in turnshare in the proceeds of the action is called
a. champerty
b. maintenance
c. stifling with prosecution
d. trafficking the public office
Q. Which of the following is a contingent contract?
a. contract of insurance
b. contract for doing impossible acts
c. marriage contract
d. wagering agreements
Q. Consent means parties agreeing on
a. the terms of contract
b. some terms of contract
c. the same thing in the same sense
d. any matter of contract
Q. _________ means forcibly compelling a person to enter into a contract
a. intimidation
b. fraud
c. mistake
d. coercion
Q. Duress under English contract law is similar to
a. undue influence
b. coercion
c. fraud
d. misrepresentation