Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
Q. Which one of the following is correct about the essentials of a valid tender?
a. The tender must be unconditional
b. The tender must be made at proper time and place
c. The promisee must be given an opportunity to ascertain that the goods are according to the contract
d. All of the above are correct
Q. A, B and C jointly promise to pay D ` 3,000. D may compel
a. A, B and C jointly to pay him ` 3,000
b. A to pay him ` 3,000
c. A or B or C to pay him ` 3,000
d. A, B and C jointly and separately to pay ` 3,000
Q. A contract stands discharged :
a. By performance of the contract
b. By breach of the contract
c. By agreement and novation
d. All of these
Q. Where by the contract, a promisor is to perform his promise without application by the promise and no time for performance is specified the engagement must be performed within a reasonable time. The question "What is a reason able time" is in each particular case is a :
a. A question of fact
b. A question of law
c. A question of general custom
d. All of these
Q. When time is not the essence of contract:
a. It is expected that the promisor would perform the contract within the time
b. It must be performed within a reasonable time
c. The promisor would perform the contract within the stipulated time
d. None of these
Q. How many contracts are there in a contract of guarantee?
a. Two contracts
b. Three contracts
c. Four contracts
d. None of these
Q. When a contract ceases to bind the parties to it, it is said to be :
a. Discharged
b. Performed
c. Obliged
d. None of these
Q. Each party to a contract is bound to perform his part of the obligation. After the parties have made dueperformance of the contract comes to an end. In such a case the contract is said to be discharged :
a. By breach of contract
b. By impossibility of performance
c. By agreement and novation
d. By performance of contract
Q. A, a singer enters into a contract with B, the manager of a theatre to sing at his theatre two nights in every week during the next two months and B engages to pay her `100 for each night's performance. On the sixth night, A willfully absents herself from the theatre.
a. B is at liberty to put an end to the contract
b. B cannot put an end to the contract
c. The contract is left at the liberty of A
d. None of these
Q. A and B contract to marry each other before the time fixed for the marriage. A goes mad. The contractbecomes:
a. Void
b. Voidable
c. Unenforceable
d. None of these
Q. If a contract is based on personal skill or confidence of parties, the death of a party in such a case:
a. Puts an end to the contract
b. Does not put an end to the contract
c. The representatives of the deceased can be made liable to perform such a contract
d. None of these
Q. When the performance of a contract becomes impossible, the purpose which the parties had in mind is frustrated. If the purpose becomes impossible because of supervening event, the promisor is excused from the performance of the contract. This is known as :
a. The doctrine of frustration
b. Initial impossibility
c. Subsequent impossibility
d. None of these
Q. If a person accepts a lesser sum of money than what was contracted for in discharge of the whole debt, itis known as :
a. Waiver
b. Rescission
c. Alteration
d. Remission