Top 150+ Solved Fundamentals of Law MCQ Questions Answer
Q. A promises B to pay 100 if it rains on Monday and B promises A to pay 100 if it does notrain on Monday. This agreement is
a. a valid agreement
b. a voidable agreement
c. a wagering agreement
d. an illegal agreement
Q. A borrows from B 500 to bet with C. Can B recover the amount of his loan?
a. Yes, the agreement between them is collateral to a wagering agreement and hence enforceable.
b. Yes, the agreement is not opposed to public policy.
c. No, the agreement is a voidable agreement and can be avoided by A.
d. No, the a greement is wagering agreement and falls under Section 23 and hence voi
Q. Which of the following statements is true in connection with the contingent contract?
a. The collateral event is contingent
b. The collateral event may be certain or uncertain
c. The contingency even may be the mere will of the promisor.
d. The main event should be contingent.
Q. Quasi-Contracts are
a. not contracts in the real sense of the world.
b. relations which create certain obligations resembling those created by a contract
c. implied contracts
d. unenforceable contracts
Q. If the performance of contract becomes impossible because the subject matter of contracthas ceased to exist then
a. both the parties are liable
b. neither party is liable
c. only offeror is liable
d. only acceptor is liable
Q. A valid contract of sale
a. includes ‘an agreement to sell’
b. does not include ‘an agreement to sell’
c. includes hire purchase contract
d. includes contract for work and labour
Q. Transfer of documents of title to the goods sold to the buyer, amounts to
a. actual delivery
b. Symbolic delivery
c. constructive delivery
d. None of the above
Q. Right of Stoppage in transit can be exercised by the Unpaid Seller, where he
a. has lost his right of lien
b. still enjoys his right of lien
c. either (a) or (b)
d. neither (a) nor (b)
Q. The Sale of Goods Act, 1930 governs the transfer of property in
a. movable property
b. immovable property
c. both movable and immovable property \
d. all types of properties
Q. Property in the goods in the Sale of Goods Act, 1930 means
a. Ownership of goods
b. Possession of goods
c. Asset in the goods
d. Custody of goods
Q. Right of Stoppage in transit may be exercised by the Unpaid Seller, by
a. taking actual possession of goods.
b. giving notice of his claim to the Carrier/Bailee who holds the goods
c. Either (a) or (b)
d. Both (a) and (b)
Q. The term ‘Negotiable Instrument’ is defined in the Negotiable Instruments Act, 1881, underSection.
a. 12
b. 13
c. 13A
d. 2(d)
Q. The Negotiable Instruments Act 1881 came into force on
a. 9th December 1881,
b. 19th December, 1881
c. 1st March, 1882
d. None of the above
Q. A Promissory Note must be
a. in writing
b. unconditional
c. signed by the maker
d. all of the above