Test: Business Laws - 1


25 Questions MCQ Test Business Laws for CA Foundation | Test: Business Laws - 1


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This mock test of Test: Business Laws - 1 for CA Foundation helps you for every CA Foundation entrance exam. This contains 25 Multiple Choice Questions for CA Foundation Test: Business Laws - 1 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Business Laws - 1 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Business Laws - 1 exercise for a better result in the exam. You can find other Test: Business Laws - 1 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

Who can accept the offer?

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QUESTION: 2

An offer does not lapse due to

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QUESTION: 3

An offer, when accepted, becomes a/an

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A Proposal when accepted becomes a promise. In simple words, when an offer is accepted it becomes promise.

QUESTION: 4

Which of the following is a valid offer?

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QUESTION: 5

If there is no time specified for the delivery of goods, then the goods should be delivered

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QUESTION: 6

An offer must create _____ relationship.

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QUESTION: 7

Which of the following can be classified on the basis of validity or enforceability?

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QUESTION: 8

_________ creates rights and obligations between the parties concerned.

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QUESTION: 9

A contract which ceases to be enforceable by law becomes

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QUESTION: 10

Which of the following are not a part of existing goods?

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QUESTION: 11

Formal contracts are _________ under the Indian law.

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QUESTION: 12

A partnership firm is

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QUESTION: 13

Who among the following is competent to enter into a valid contract?

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QUESTION: 14

Which of the following is/are not the subject matter of a contract of sale?

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QUESTION: 15

The assets of partnership firm is/are

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QUESTION: 16

Which of the following is a consideration in the sales of goods?

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QUESTION: 17

A contract where one of the parties has performed and the performance of the other party is due is called

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QUESTION: 18

The person who accepts the proposal is called

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When the proposal is accepted, the person making the proposal is called as promisor and the person accepting the proposal is called as promisee.

QUESTION: 19

A _____ offer is also known as continuing offer.

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QUESTION: 20

Which of the following acts by partners is not considered as an act done by partnership firm?

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QUESTION: 21

The consideration may be

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QUESTION: 22

When does a partnership firm need to be dissolved?

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QUESTION: 23

An agreement to sale becomes the contract of sale

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QUESTION: 24

`Third party` in partnership firm means

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QUESTION: 25

All void agreements are

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