Test: Business Laws - 4


40 Questions MCQ Test Business Laws for CA Foundation | Test: Business Laws - 4


Description
This mock test of Test: Business Laws - 4 for CA Foundation helps you for every CA Foundation entrance exam. This contains 40 Multiple Choice Questions for CA Foundation Test: Business Laws - 4 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Business Laws - 4 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Business Laws - 4 exercise for a better result in the exam. You can find other Test: Business Laws - 4 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

An agreement which is enforceable by law at the option of one or more of the parties thereon but not at the option of the other or others is a

Solution:
QUESTION: 2

An agreement, the object or consideration of which is unlawful, is

Solution:
QUESTION: 3

If A agrees to deliver 100 kg of sugar to B in exchange of 15 meters of cloth, then it is

Solution:
QUESTION: 4

Agreement-the meaning of which is uncertain is

Solution:
QUESTION: 5

Which of the following statement is true?

Solution:
QUESTION: 6

Ordinarily, a minor`s agreement is`

Solution:
QUESTION: 7

A stipulation which is collateral to the main purpose of the contract, and if proves false, gives the buyer only a right to claim damages, is known as

Solution:
QUESTION: 8

Doctrine of Caveat Emptor means

Solution:
QUESTION: 9

When the consent of a party is not free, the contract is

Solution:
QUESTION: 10

A minor`s liability for `necessaries` supplied to him

Solution:
QUESTION: 11

Which of the following is false?To make an offer valid, it must

Solution:
QUESTION: 12

An auction sale is complete on the

Solution:
QUESTION: 13

Active partner is one who

Solution:
QUESTION: 14

Registration of a firm is

Solution:
QUESTION: 15

Which of the following is not a form of delivery?

Solution:
QUESTION: 16

In the absence of agreement, to the contrary, all partners are

Solution:
QUESTION: 17

Selection of goods with the intention of using them in performance of the contract and with the mutual consent of the seller and the buyer is known as

Solution:
QUESTION: 18

Death of partner has the effect of

Solution:
QUESTION: 19

A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract, C dies. Here, the contract

Solution:
QUESTION: 20

Goods which are in existence at the time of the Contract of Sale is known as

Solution:
QUESTION: 21

Which of the following is not an exception to the rule "no consideration, no contract"?

Solution:
QUESTION: 22

Which of the following is not an implied condition in a contract of sale?

Solution:
QUESTION: 23

G paid Rs. 1,00,000 to H to influence the head of the Government Organisation in order to provide him some employment. On his failure to provide the job, G sued H for recovery of the amount. Which of the following is correct?

Solution:
QUESTION: 24

A mistake as to a law not in force in India has the same effect as

Solution:
QUESTION: 25

Mercantile Agent is having an authority to

Solution:
QUESTION: 26

The most important element in partnership is

Solution:
QUESTION: 27

Which of the following statements, about the registration of firm, is not true?

Solution:
QUESTION: 28

The threat to commit suicide amounts to

Solution:
QUESTION: 29

A agrees to pay Rs. 5 lakhs to B if he (B) procures an employment for A in Income Tax Department. This agreement is

Solution:
QUESTION: 30

A partner can retire on

Solution:
QUESTION: 31

An agreement is void if it is opposed to public policy.
Q. Which of the following is not covered by heads of public policy?

Solution:
QUESTION: 32

A contingent contract is

Solution:
QUESTION: 33

Generally, which of the following damages are not recoverable?

Solution:
QUESTION: 34

A sold a tin of disinfectant powder to K without warning knowing fully that if the tin was not opened with care, it will likely to cause injury. K was injured while opening the tin.
Q. Which of the following statement(s) is/are correct?

Solution:
QUESTION: 35

The term "goods" under Sale of Goods Act, 1930 does not include

Solution:
QUESTION: 36

A agrees to sell his car worth Rs. 100,000 to B for Rs. 20,000 only, and A`s consent was obtained by coercion. Here, the agreement is

Solution:
QUESTION: 37

The reconstitution of the firm takes place in case of

Solution:
QUESTION: 38

Which of the following persons can perform the contract?

Solution:
QUESTION: 39

On dissolution, the partners remain liable till

Solution:
QUESTION: 40

A contract for the sale of "future goods" is

Solution:

Similar Content

Related tests