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300+ TOP Business Law MCQs and Answers CAD
Quiz Test
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11. Consumer Protection Act is applicable to
A. immovable goods
B. movable goods
C. specific goods and services
D. all goods and services
12. The total number of rights given to consumers as per the consumer
protection Act is
A. 5
B. 4
C. 6
D. 8
13. “Consumer has the right to present before the appropriate forum or
authorities all those matters which affect his interests “ this right of a
consumer is termed as a right to be
A. informed
B. heard
C. safety
D. educated
14. The rights of consumers as per the consumer protection Act does not
include the right to be
A. informed
B. heard
C. safety
D. presented
16. Fraud exists when it is shown that a false representation had been
made_____________.
A. knowingly.
B. unknowingly.
C. unintentionally.
D. recklessly, not caring whether true or false.
Answer: A
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22. When the promisee refuses to accept performance from the promiser who
offers to perform, it is
A. attempted performance
B. vicarious performance
C. tender.
D. frustration of contract
Answer: A
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25. A who ooze 10,000 to B dies living and estate of Rs 6,000. The legal
representatives of A are _______________.
A. liable for rs 10,000
B. liable for rs 6,000.
C. no liable at all.
D. liable for Rs 3,000.
Answer: B
28. Were a contact could not be performed because of the default by a third
party on whose work the promiser relied, it ______________.
A. it is not discharged.
B. is discharged.
C. becomes void.
D. becomes voidable.
Answer: A
35. S and P go into a shop. S says to the shopkeeper, C let P have the goods, and
if he does not pay you, I will. This is a __________
A. contract of guarantee
B. contract of indemnity.
C. Wagering contract
D. Quasi-contract
Answer: A
38. The gratuitous bailer is liable to the bailer for the defects in the goods
bailed_______________
A. Even if he is not aware of them
B. Only if he is aware of them
C. In all cases of loss
D. In certain case of loss
Answer: B
41. In a sale, if the goods are destroyed, the loss falls on________________
A. The buyer.
B. The seller.
C. Partly on the buyer and partly on the seller.
D. The seller if price has not been paid.
Answer: A
42. The term property as used in the Sale of Goods Act, 1930
means_____________
A. Possession.
B. Ownership.
C. Ownership and possession both.
D. the subject matter of contract of sale.
Answer: B
43. If a price is not determined by the parties in a contract of sale, the buyer is
bound to pay________________
A. The price demanded by the seller.
B. A reasonable price.
C. The price which the buyer thinks is reasonable.
D. The price to be determined by a third independent person.
Answer: B
46. In a sale, there is an implied condition on the part of the seller that
he______________
A. Has a right to sell the goods.
B. Is in possession of the goods.
C. Will have the right to sell.
D. Will acquire the goods.
Answer: A
55. Where there is an unconditional contract for the sale of specific goods in a
deliverable state, the property in the goods passes to the buyer
when_______________
A. The goods are delivered to the buyer.
B. The price is paid by the buyer.
C. The contract is made.
D. The buyer accepts the good.
Answer: C
57. In a C.I.F., contract the property in goods passes from the seller to the
buyer when the______________
A. Goods are shipped
B. Goods are received by the buyer
C. Contract is entered into.
D. Price is paid.
Answer: A
58. There is a constructive delivery of goods_____________
A. a. When the seller hands over to the buyer the key of the warehouse where the goods are
lying.
B. a. Where a third person in possession of the goods acknowledged to the buyer that he
holds them on his behalf
C. When the seller physically delivers the goods to the buyers.
D. When the seller asks the buyer to take delivery of the goods.
Answer: B
60. A seller delivers goods in excess of the quantity ordered for. The buyer
may_________
A. Accept the whole
B. Rejects the whole.
C. Accept the goods ordered for and return the excess.
D. Accept the part of goods.
Answer: A
65. Gives the buyer only a right to claim damages is known as___________.
A. condition.
B. guarantee.
C. warranty.
D. indemnity.
Answer: C
68. The term, goods for the purpose of sale of goods act, does not include
_________.
A. money.
B. actionable claims.
C. immovable property.
D. all of these.
Answer: B
70. An unpaid seller has not given notice of resale to the buyer. On the resale
there is a loss____________.
A. the unpaid seller can recover it from the buyer.
B. the unpaid seller cannot recover it from the buyer
C. the buyer can recover it from an unpaid seller.
D. the buyer must compensate the unpaid seller.
Answer: B
71. If the goods are rejected by the buyer and the carrier or the bailee
continuous to be in possession of them the transit ________.
A. is deemed to be an end.
B. is not deemed to be an end.
C. commences.
D. not yet commences.
Answer: B
72. An unpaid seller can excise the right of stoppage in transit when the carrier
holds the goods ____________.
A. as sellers agent.
B. as buyer s agent.
C. as agent of both of them.
D. in his own name.
Answer: D
76. Where the neglected or refusal of the buyer to take delivery of goods
amounts to a repudiation of the
contract, the seller may sue for the __________.
A. price of damages.
B. price only.
C. damages only.
D. both for price and damages.
Answer: A
77. A seller delivers goods in excess of the quantity ordered for. The buyer
may_______.
A. accept the whole.
B. reject the whole.
C. accept the goods ordered for and returns.
D. accept the part of goods.
Answer: A
78. Unless otherwise agreed, where goods are sent by the seller to the buyer by
a route involving a sea transit of the seller____
A. must inform the buyer in time to get the goods insured
B. may insure the goods.
C. must insure the goods.
D. no need to insure the goods.
Answer: A
79. When there is n specific agreement as to place, the goods sold are to be
delivered at the place__________.
A. at which they are at the time of sale.
B. of the buyer.
C. decide by the seller.
D. to be determined by the seller.
Answer: A
81. Where there is a contract for the sale of unascertained goods, the property
in goods___________.
A. passes when the buyer pays the price.
B. does not pass until the goods are ascertained .
C. when the contract is entered into.
D. when the buyer accepts the goods.
Answer: B
82. where there is an unconditional contract for the sale of specific goods in a
deliverable state, the property in the goods passes to the buyer
when________.
A. the goods are delivered to the buyer.
B. the price is paid by the buyer.
C. the contract is made.
D. the buyer accepts the goods.
Answer: C
83. In an agreement to sell, the seller can sue for price if_____________.
A. the goods have been delivered to the buyer.
B. the goods have not been delivered to the buyer.
C. there is a specific agreement.
D. there is a general agreement.
Answer: C
90. In a sale, there is an implied condition on the part of the seller that he
__________.
A. Has right to sell the goods.
B. Is in position of the goods.
C. Will have the right to sell.
D. Has the right to sell the goods
Answer: A
93. If a price is not determined by the parties in a contract of sale, the buyer is
bound to pay________________
A. The price demanded by the seller
B. A reasonable price
C. The price which the buyer thinks is reasonable.
D. The price to be determined by a third independent person
Answer: B
94. The term property as used in the Sale of Goods Act, 1930
means_____________
A. Possession.
B. Ownership.
C. Ownership and possession both.
D. The subject matter of contract of sale.
Answer: B
95. In a sale, if the goods are destroyed, the loss falls on________________
A. The buyer.
B. The seller.
C. Partly on the buyer and partly on the seller
D. The seller if price has not been paid.
Answer: A
98. A bailee fails to return the goods according to the bailers direction. He
takes reasonable care of the goods but still the goods are lost. The loss will fall
on____________________
A. the bailee
B. the bailer
C. on both of them
D. neither of them
Answer: A
99. If the goods of the bailer get missed up with the like goods of the bailer by
the act of god, the mixture belongs to the bailer and the bailer in proportion to
their shares but the cost of separation will have to be borne
by_____________
A. the bailee
B. the bailer
C. both of them in proportion to the value of their goods
D. Third party
Answer: A
100. The gratuitous bailer is liable to the bailer for the defects in the goods
bailed_______________
A. Even if he is not aware of them
B. Only if he is aware of them
C. In all cases of loss
D. In certain case of loss
Answer: B
103. S and P go into a shop. S says to the shopkeeper, C let P have the goods and
if he does not pay you I will. This is a __________
A. contract of guarantee
B. Contract of indemnity
C. Wagering contract
D. Quasi-contract
Answer: A
108. The case of Hadely Bv. Baxendale (1854) 8 Ex .Ch 341 deals with
A. Anticipatory breach of contract
B. Quantum of damages
C. Supervening impossibility
D. Quasi-contract
Answer: B
112. The court may grant rescission were the contract is __________.
A. voidable at the option of the plaintiff
B. void.
C. unenforceable.
D. illegal.
Answer: A
114. The case of Satyabrata Ghose V. Mugneeram Bangur and co., (195d. SC 44)
deals with__________
A. agreement opposed to public policy.
B. supervening impossibility.
C. contract of guarantee.
D. agencies.
Answer: A
115. A creditor agrees with his debtors and a third party to accept that the third
as his third patty as debtor the contract is discharged by ________________.
A. alteration.
B. waiver.
C. rescission.
D. performance.
Answer: B
116. Were a contact could not be performed because of the default by a third
party on whose work the promiser relied, it ______________.
A. it is not discharged.
B. is discharged.
C. becomes void.
D. becomes voidable.
Answer: A
118. A lends Rs 500 to B. he later tells B that he need not repay the amount, the
contract is discharged by __________.
A. breach
B. waiver.
C. notation.
D. performance.
Answer: B
119. The case of Taylor V. Coldwell, (188c. 3 B & S. 8b.6) deals with.
A. Discharge of contract by destruction of subject matter.
B. Anticipatory breach of contract
C. Discharge of contract by death of a party
D. Breach of contract.
Answer: A
123. Owing to a strike in the factory of A, he is not able to supply the goods to B
as per the terms of the agreement. The agreement in such a case
A. discharged.
B. is not discharged.
C. becomes void.
D. is voidable
Answer: A
124. A who ooze 10,000 to B dies living and estate of Rs 6,000. The legal
representatives of A are _______________.
A. liable for rs 10,000.
B. liable for rs 6,000.
C. no liable at all.
D. liable for Rs 3,000.
Answer: B
125. Assignment by operation of law takes place_______________.
A. by the mutual consent of the parties.
B. by the will of either party.
C. when the subject matter of a contract cases to exist.
D. by the death of a party to a contract.
Answer: D
126. When two or more persons have made a joint promise, then unless a
contrary intention appears from the contract all such person must fulfil the
promise__________.
A. jointly.
B. severally.
C. jointly and severally.
D. jointly or severally.
Answer: A
127. Where the deports does not expressly intimate or were the circumstances
attending on the payment do not indicate any intention, the creditor
__________.
A. may apply it top any lawful debt due.
B. may apply it even to a time-barred debt.
C. it is not apply it even to a time-barred debt.
D. no loss.
Answer: A
130. When the promisee refuses to accept performance from the promiser who
offers to perform, it is __________.
A. attempted performance
B. vicarious performance.
C. tender.
D. frustration of contract.
Answer: A
131. Each party is a promisor and a promise in case of
A. Past consideration.
B. Present consideration
C. Every contract.
D. Reciprocal promises.
Answer: D
133. The case of Nordenfelt V. Maxim Nordenfelt Gun Co., (190d.b.9 B.L.R 107
deals with.
A. Agreements in restraint of legal proceedings.
B. Minors agreement.
C. Agreements in restraint of trade.
D. Agreements in restraint of marriage.
Answer: C
136. Where both the parties to an agreement are under a mistake as a matter of
fact essential to the agreement, the agreement is
A. void.
B. voidable.
C. illegal.
D. not affected at all.
Answer: A
137. Where consent is caused by fraud or misrepresentation, the contract is
_____________.
A. voidable at the option of the aggrieved party.
B. void.
C. unenforceable.
D. not affected in any manner.
Answer: A
139. Where there is no specific agreement as to place, the goods sold are to be
delivered at the place______________
A. At which they are at the time of sale.
B. To be determined by the seller
C. Desired by the buyer.
D. Of the buyer.
Answer: A
140. Contracts made before war with an alien enemy which are against public
policy are _____________.
A. suspended and are revived after the war is over.
B. dissolved.
C. not affected at all.
D. void ab initio.
Answer: B
143. A minor enters into a contract for the purchase of certain necessaries. In
such a case_____________.
A. he is not personally liable to pay.
B. he is liable to pay.
C. his estate is liable to pay.
D. his guardian is liable to pay.
Answer: C
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