Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
Q. In a Book depot a catalogue of book enlisting the price of each book and specifying the place where theparticular book is available is
a. An invitation to offer
b. An offer
c. An invitation to visit the book shop
d. None of these
Q. A catalogue of the goods of a company for sale ….. a series of offers but only an invitation for offers.
a. Is
b. Is not
c. In normal cases is
d. In normal cases is not
Q. Is telegraphing lowest price on request a mere invitation for an offer?
a. Yes
b. No
c. Not in normal cases
d. None of these
Q. Which one of the following statements is true?
a. Offer and acceptance are revocable
b. Offer and acceptance are irrevocable
c. An offer can be revoked but acceptance cannot
d. An offer cannot be revoked but acceptance can be
Q. The doctrine of privity of contract is laid down in the case of
a. Carlill v. Carbolic Smoke Ball & Co.
b. Balfour v. Balfour
c. Harvey v. Facey
d. Dunlop Pneumatic Tyre Co. Lt v. Self ridge & Co.
Q. Which one of the following is not the legal requirement of valid offer?
a. It must be communicated to the offeree
b. It must express offeror' final willingness
c. It must be made to a specific person and not to public at large
d. It must be made with a view to obtain offeree' assent
Q. Sections 4 and 5 of the Indian Contract Act provide for communication of offer and acceptance andrevocation thereof. In this relation, which one of the following is not correct?
a. Communication of offer is complete when it reaches the offeree
b. Revocation of acceptance is complete when acceptance is posted in favour of the proposer
c. A Proposal may by revoked any time before communication of acceptance
d. Acceptance may be revoked any time before communication of acceptance
Q. What can a catalogue of books, listing price of each book and specifying the place where the listedbooks are available be termed as?
a. An offer
b. An obligation to sell book
c. An invitation to offer
d. A promise to make available the books at the listed
Q. Consider the following statements: 1. General offer require the communication of acceptance. 2. All contracts are agreements 3. All agreements are contracts 4. All illegal agreements are void agreements Which of the statements given above are correct?
a. 2 and 4
b. 1, 3 and 4
c. 1 and 2
d. 2, 3 and 4
Q. Consideration is
a. Doing or abstaining from doing something at the desire of promisor
b. Essential condition of a contract
c. Element of exchange in a contract
d. All the above
Q. If there is no consideration, then
a. The agreement is void
b. The agreement is valid
c. The agreement is illegal
d. The agreement is voidable
Q. Which section of Indian Contract Act defines consideration?
a. Section 2(a)
b. Section 2(b)
c. Section 2(c)
d. Section 2(d)
Q. A valid consideration includes,
a. Executed or executory consideration
b. Past consideration ; (c)
c. Inadequate consideration
d. All of these
Q. A valid consideration has the following essential elements :
a. It must move at the desire of the promisor
b. Consideration may be supplied by the promisee or any other person
c. Consideration may be past, present or future
d. All the above