Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
Q. A master asks his servant to sell his cycle to him at less than the market price. This contract can beavoided by the servant on grounds of:
a. Coercion
b. Undue influence
c. Fraud
d. Mistake
Q. When the consent of a party to the contract has been obtained by fraud, in such a case the contract is:
a. Void
b. Voidable
c. Unenforceable
d. None of these
Q. A, intending to deceive B, falsely represents that five hundred mounds of Indigo are made annually at A'sfactory and, thereby, induces B to buy the factory. The contract is
a. Voidable
b. Void
c. Unenforceable
d. None of these
Q. If A sells, by auction to B a horse which A knows to be unsound and A says nothing to B about the horse'sunsoundness, this amounts to:
a. Fraud
b. Not fraud
c. Unlawful
d. Illegal
Q. When there is duty to speak, keeping silence is:
a. Fraud
b. Undue influence
c. Coercion
d. None of these
Q. Silence is fraud when silence is, in itself equivalent to speech. This statement is:
a. True
b. False
c. Untrue in certain cases
d. None of these
Q. When the person making a false statement believes the statement to be true and does not intend tomislead the other party to the contract it is known as:
a. Free consent
b. Misrepresentation
c. Fraud
d. None of these
Q. Misrepresentation means:
a. Unwarranted assertion
b. Any breach of duty without an intent to deceive
c. Innocent mistake
d. All the above
Q. If a party stands in a fiduciary relation to the other:
a. He cannot dominate
b. He can dominate the will of another
c. The trust should be maintained
d. None of these
Q. A person is deemed to be in a position to dominate the will of another if he:
a. Holds real or apparent authority
b. Stands in a fiduciary relationship
c. Both (a) and (b)
d. Either (a) or (b)
Q. If both the parties to a contract believe in the existence of a subject, which infact does not exist, theagreement would be
a. Unenforceable
b. Void
c. Voidable
d. None of these
Q. For a valid contract
a. Both the parties should have given their consent
b. The consent should be free
c. Both (a) and (b)
d. Either (a) or (b)
Q. When both the parties to an agreement are under a mistake as to a matter of fact essential to anagreement, the agreement is:
a. Void
b. Valid
c. Voidable
d. Illegal
Q. In Indian Contract Act, the term consensus ad idem means
a. Parties under a mistake
b. Parties under the free consent
c. Parties agreeing upon the same thing in same sense
d. None of these
Q. To prove undue influence, the plaintiff has to prove that:
a. The relations, subsisting between the parties are such that the defendant was in a position to dominate the will of the plaintiff
b. The defendant used that position to obtain an unfair advantage from the plaintiff
c. Both (a) and (b)
d. None of these