Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
Q. A promisee is
a. A person who makes a promise
b. A person who monitors the statement of intentions of two parties
c. A person to whom the promise is made
d. None of these
Q. A mere passing utterance will
a. Amount to a proposal
b. Not amount to a proposal
c. Amount to a promise
d. Amount to offer
Q. Which of the following is an invitation for offer?
a. A tender to supply goods at a certain time
b. A request for a loan
c. Bids in an auction sale
d. A catalogue of goods for sale
Q. Which of the following is an offer?
a. The mere quotation of terms by trader
b. The quotation of the lowest price in answer to enquiry
c. Advertisement for sale or auction of goods
d. Bids in an auction sale
Q. An offer or its acceptance or both may be made
a. By words
b. By conduct
c. Either by words or by conduct
d. None of these
Q. When a proposal and its acceptance are made by words, they are known as
a. Expressed
b. Implied
c. Accepted
d. Admitted
Q. In cases, where a proposal and its acceptance are not made by words and are inferred from the conductof the parties. They are known as
a. Implied offers
b. Expressed offers
c. Specific offers
d. General offers
Q. Express offers and acceptances may be proved by the agreement between the parties but implied offerscan be proved only by
a. The words
b. The conduct
c. Circumstantial evidence
d. Both (b)&(c)
Q. An offer which is allowed to remain offer for acceptance over a period of time is known as a
a. Standing offer
b. Specific offer
c. Express offer
d. Implied offer
Q. Voidable contract is one
a. Which is lawful
b. Which is invalid
c. Which is valid so long it is not avoided by the party entitled to do so
d. None of these
Q. A contract is said to be executed when it has been performed wholly on
a. One side
b. Two sides
c. More than two sides
d. None of these
Q. When the contract is perfectly valid in its substance but which cannot be enforced because of certaintechnical defects. This is called a
a. Unilateral contract
b. Bilateral contract
c. Unenforceable contract
d. Void contract
Q. The difference between an advertisement for sale and a proposal is
a. No difference at all
b. That a proposal becomes a promise as soon as the party to whom it is made accepts it but an advertisement does not
c. Every case will be viewed according to the circumstances
d. None of these