Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
Q. A finder of goods can:
a. file a suit to recover his expenses
b. sell the goods if he likes
c. can sue for a reward, if any
d. None of the above
Q. A finder of goods can sell the goods if the cost of finding the true owner exceeds:
a. 1 /4 of the value of the goods,
b. 1 /3 of the value of the goods,
c. 1 /2 of the value of the goods,
d. 2/3 of the value of the goods.
Q. The phrase "Quantum Meruit" literally means
a. As much as earned
b. The fact in itself
c. A contract for the sale
d. None of these
Q. Liability of a person getting benefit under mistake has been described in the Indian Contract Act under:
a. Section 68
b. Section 69
c. Section 71
d. Section 72
Q. Quasi-contracts or implied contracts are exceptional kinds of contracts by which:
a. One party is bound to pay money in consideration of something done or suffered by the other party
b. No contractual relation exists between the parties
c. No contract has been made by the parties
d. All of these
Q. A gives a recognizance binding him in a penalty of `500 to appear in the court on a certain day. Heforfeits his recognizance. He is:
a. Liable to pay the whole penalty
b. Is not liable to pay the penalty
c. Is liable to pay partially
d. None of these
Q. Which one of the following conditions must be satisfied for making claim under 'Necessaries supplied to aperson incapable of contracting?'
a. The articles supplied should be necessaries
b. The articles supplied should be necessaries at the time of sale and not delivery
c. Necessaries must have been supplied gratuitously out of mere kindness
d. Necessaries should be supplied only to person in competent to contract
Q. A contract implied by law is known as:
a. Contingent contract
b. Quasi-contract
c. Expressed contract
d. Implied contract
Q. The juridical basis of quasi-contractual obligation can be explained through the theory of:
a. Indebitatus assumpsit
b. Unjust enrichment
c. Just and reasonable solution
d. Voluntary benefits
Q. An implied contract is made:
a. Orally
b. In writing
c. By conduct of parties
d. None of the above
Q. Who is liable for necessaries supplied to a minor?
a. The guardian of the minor
b. The minor
c. His property
d. None of the above
Q. Under the Indian Contract Act some persons have the duty similar to that of a bailee but under which ofthe following sections:
a. Section 69
b. Section 70
c. Section 71
d. Section 72
Q. The contract uberrimae fidei means a contract
a. Of goodwill
b. Guaranteed by a surety
c. Of utmost good faith
d. Of good faith
Q. The term 'quasi-contracts' is:
a. Defined by section 68 of the Indian Contract Act
b. Named 'implied in fact contract' by Section 69 of the Indian Contract Act
c. Found as 'unjust' enrichment' is Section 70 only of the Indian Contract Act
d. Conspicuous by its absence in the Indian Contract Act
Q. Which of the following statement is true in connection with Quasi-contract.
a. It is imposed by law
b. A Quasi-contract is a revoking contract
c. Damages cannot be claimed for breach of Quasi-contractual right.
d. It arises out of an agreement