Test: Business Laws - 5 - CA Foundation MCQ

damages

injunction

quantum meruit

None of these

void

valid

voidable

unlawful

with consent of all partners

as per express agreement

by written notice in partnership at will

All of these

constructive delivery

actual delivery

symbolic delivery

None of these

valid but not enforceable

enforceable at the option of both the parties

enforceable at the option of one party

not enforceable in a court of law

illegal

valid

voidable

void

sale

agreement to sell

hire-purchase agreement

sale of approval

take part in the business of the firm

to share exclusive profits

to use the property of the firm for personal purposes

pay taxes

uncertain contract

contingent contract

void contract

voidable contract

promise

contract

offer

acceptance

Indian Contract Act, 1862

Indian Contract Act, 1962

Indian Contract Act, 1872

Indian Contract Act, 1972

all the partners

simple majority of partners

special majority of partners

new partner only

valid

void

voidable

None of these

X and Y are partners

X and Y are cab owners

X and Y are co-owners

Can`t be decided

the partners

the minors in the firm

the business under which the firm carries on business

the collective name under which it caries on business

Right to take part in business

Right to have access to account books

Right to share profits

Right to receive remuneration

such expulsion is in good faith

the majority of the partners agree on such expulsion

the expelled partner is given an opportunity to start a business competing with that of the firm

compensation is paid

Rahim can recover the entire amount from Ram.

Rahim can only recover 1/3 of Rs. 2,00,000 from Ram.

Rahim cannot recover any amount from Ram.

The promissory note is not executable against Ram as Rohit and Kiran are not traceable.

change in one or more terms of the contract

acceptance of lesser performance

abandonment of rights by a party

cancellation of the existing contract

transfer

possession

delivery

None of these

must be communicated

must be absolute and unconditional

must be accepted by a person having authority to accept

may be presumed from silence of offeree

Warranty as to undisturbed possession.

Warranty as to existence of encumbrance.

Disclosure of dangerous nature of goods.

Warranty as to quality or fitness by usage of trade.

Document showing title is different from document of title.

Bill of lading is a document of title to goods.

Specific goods can be identified and agreed upon at the time of the contract of sale.

None of these

Railway receipt

Wharfinger`s certificate

Warehouse keeper`s certificate

All of these

which does not have any deed

which does not have any partner

which does not provide for how long the business will continue

which cannot be dissolved

It cannot file a suit against third parties.

Its partners cannot file a suit against a firm.

It cannot claim a set-off exceeding Rs. 100.

It cannot be sued by a third party.

coercion

undue influence

misrepresentation

fraud

void

voidable

valid

unlawful

deliver the goods

retain the possession

regain the possession

None of these

all partners have become insolvent

firm`s business has become unlawful

the fixed term has expired

In cases (1) and (2) only