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Test: Business Laws - 5


40 Questions MCQ Test Business Laws for CA Foundation | Test: Business Laws - 5


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This mock test of Test: Business Laws - 5 for CA Foundation helps you for every CA Foundation entrance exam. This contains 40 Multiple Choice Questions for CA Foundation Test: Business Laws - 5 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Business Laws - 5 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Business Laws - 5 exercise for a better result in the exam. You can find other Test: Business Laws - 5 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

Sometimes, a party is entitled to claim compensation in proportion to the work done by him. It is possible by a suit for

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QUESTION: 2

An agreement made with free consent to which the consideration is lawful but inadequate, is

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QUESTION: 3

A partner may retire from an existing firm

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QUESTION: 4

If a seller handed over the keys of a warehouse containing the goods to the buyer, it results in
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QUESTION: 5

A void agreement is one which is
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QUESTION: 6

A agrees to pay Rs. one lakh to B if he brings on earth a star from sky. This is a contingent contract and 
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QUESTION: 7

A contract for the sale of goods which provides that the property would pass to the buyer on full payment of price and execution of sale deed, is known as a/an
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QUESTION: 8

Every partner has the right to
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QUESTION: 9

A contract dependent on the happening or non-happening of future uncertain event, is a
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QUESTION: 10

A proposal when accepted becomes a
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QUESTION: 11

The law of contract in India is contained in
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QUESTION: 12

A new partner can be admitted in the firm with the consent of
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QUESTION: 13

In case of illegal agreements, the collateral agreements are
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QUESTION: 14

X agrees with Y to carry passengers by taxi from Delhi to Gurgaon on the following terms, namely, Y is to pay X Rs. 100 per mile per annum, and X and Y are to share the costs of repairing and replacement of the cars, and to divide equally between them the proceeds of fares received from passengers. Choose the correct alternative.
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QUESTION: 15

A firm is the name of
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QUESTION: 16

Which of the following is not the right of a partner i.e., which he cannot claim as a matter of right?
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QUESTION: 17

A partner can be expelled if
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QUESTION: 18

Ram, Rohit and Kiran jointly borrowed Rs. 2,00,000 from Rahim by executing a promissory note. Rohit and Kiran are not traceable. Rahim wants to recover the entire amount from Ram. Ram objected this move by saying he is liable to pay 1/3 of the debt only. Which of the following statement(s) is correct?
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QUESTION: 19

A contract is discharged by rescission which means the
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QUESTION: 20

Voluntary transfer of possession by one person to another is popularly known as
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QUESTION: 21

Which of the following is false? An acceptance
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QUESTION: 22

Which one of the following is not an implied warranty?
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QUESTION: 23

Which one of the following is not true?
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QUESTION: 24

Which one of the following is/are document of title to goods?
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QUESTION: 25

A partnership at will is one
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QUESTION: 26

Which of the following is not a disability of an unregistered firm?
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QUESTION: 27

Moral pressure is involved in the case of
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QUESTION: 28

As a general rule, an agreement made without consideration is
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QUESTION: 29

The essence of a right of lien is to
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QUESTION: 30

A partnership firm is compulsorily dissolved where
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QUESTION: 31

Which of the following statement is true?
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QUESTION: 32

Which of the following statements is false?
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QUESTION: 33

Which of the following statements is true?
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QUESTION: 34

A contract with the minor, which is beneficial for him, is
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QUESTION: 35

The Sale of Goods Act, 1930 deals with
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QUESTION: 36

In which form of the contract, the property in the goods passes to the buyer immediately
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QUESTION: 37

A stipulation in a contract of sale of goods whose violation by seller gives a right of rescission to buyer, is called
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QUESTION: 38

On the valid performance of the contractual obligations by the parties, the contract
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QUESTION: 39

Consent is not said to be free when it is caused by
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QUESTION: 40

A agrees to deliver his old car valued at Rs. 80,000 to B, a car dealer, in exchange for a new car, and agrees to pay the difference in cash it is a/an
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