Top 150+ Solved Business Regulations MCQ Questions Answer
Q. A Sale of Goods under the Sale of Goods Act, 1930 includes
a. a jus in personam
b. a jus in rem
c. both (a) & (b)
d. neither (a) & (b)
Q. Where no price is fixed by express agreement, the buyer shall pay the seller
a. lowest price
b. reasonable price
c. suitable price
d. adhoc price
Q. A stipulation in a contract may be
a. condition
b. warranty
c. neither (a) & (b)
d. both (a) & (b)
Q. A ‘Condition’ under the Sale of Goods Act has been defined as a stipulation
a. collateral to the main purpose of the contract
b. main purpose of contract
c. essential to the main purpose of the contract
d. all of the above
Q. An unpaid seller loses his right of lien in case of
a. delivery of goods to buyer
b. delivery of goods to carrier or wharfinger
c. tender of price by buyer
d. any of the above
Q. An unpaid seller can exercise his right of stoppage of goods in transit
a. by giving notice to the carrier
b. by taking actual possession of the goods
c. by notice of his claim to the bailee who is in possession of the goods
d. either (a) or (b) or (c)
Q. Where the seller appoints his person to bid at the auction sale without informing to bidder, itis called as
a. prepared bidding
b. pretend bidding
c. power bidding
d. both (a) & (c)
Q. In contract through sea route, where the seller has to put the goods on board a ship at hisown expenses, the contract is known as
a. cif contract
b. fob contract
c. board obligatory contract
d. ex-ship contract
Q. In a contract through sea route where the seller has to deliver the goods to the buyer at theport of destination
a. fob contract
b. cif contract
c. ex-ship contract
d. destination contract
Q. The remedies available to a person, suffering from the breach of contract are
a. suit for damages
b. suit for injunction
c. quantum meruit
d. all of the above
Q. Where the court orders the defaulting party to carry out the promise according to the termsof the contract, it is called as a/an
a. quantum meruit
b. rescission
c. injunction
d. specific performance
Q. _________ means an order of the court restraining a person from doing what he promisednot to do
a. quantum meruit
b. rescission
c. specific performance
d. injunction
Q. Quantum meruit means
a. a non-gratuitous promise
b. as gratuitous promise
c. as much as is earned
d. as much as is paid
Q. Hadley versus Baxendale case is a leading case on
a. the breach of implied term
b. the anticipatory breach
c. the remoteness of damages
d. the bilateral mistake of fact