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Test: Business Laws - 4


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

Test: Business Laws - 4 for CA Foundation 2023 is part of Business Laws for CA Foundation preparation. The Test: Business Laws - 4 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Business Laws - 4 MCQs are made for CA Foundation 2023 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Business Laws - 4 below.
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Test: Business Laws - 4 - 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

Test: Business Laws - 4 - Question 2

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

Test: Business Laws - 4 - Question 3

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

Test: Business Laws - 4 - Question 4

Agreement-the meaning of which is uncertain is

Test: Business Laws - 4 - Question 5

Which of the following statement is true?

Test: Business Laws - 4 - Question 6

Ordinarily, a minor`s agreement is`

Test: Business Laws - 4 - 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

Test: Business Laws - 4 - Question 8

Doctrine of Caveat Emptor means

Test: Business Laws - 4 - Question 9

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

Test: Business Laws - 4 - Question 10

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

Test: Business Laws - 4 - Question 11

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

Test: Business Laws - 4 - Question 12

An auction sale is complete on the

Test: Business Laws - 4 - Question 13

Active partner is one who

Test: Business Laws - 4 - Question 14

Registration of a firm is

Test: Business Laws - 4 - Question 15

Which of the following is not a form of delivery?

Test: Business Laws - 4 - Question 16

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

Test: Business Laws - 4 - 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

Test: Business Laws - 4 - Question 18

Death of partner has the effect of

Test: Business Laws - 4 - 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

Test: Business Laws - 4 - Question 20

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

Test: Business Laws - 4 - Question 21

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

Test: Business Laws - 4 - Question 22

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

Test: Business Laws - 4 - 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?

Test: Business Laws - 4 - Question 24

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

Test: Business Laws - 4 - Question 25

Mercantile Agent is having an authority to

Test: Business Laws - 4 - Question 26

The most important element in partnership is

Test: Business Laws - 4 - Question 27

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

Test: Business Laws - 4 - Question 28

The threat to commit suicide amounts to

Test: Business Laws - 4 - 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

Test: Business Laws - 4 - Question 30

A partner can retire on

Test: Business Laws - 4 - 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?

Test: Business Laws - 4 - Question 32

A contingent contract is

Test: Business Laws - 4 - Question 33

Generally, which of the following damages are not recoverable?

Test: Business Laws - 4 - 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?

Test: Business Laws - 4 - Question 35

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

Test: Business Laws - 4 - 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

Test: Business Laws - 4 - Question 37

The reconstitution of the firm takes place in case of

Test: Business Laws - 4 - Question 38

Which of the following persons can perform the contract?

Test: Business Laws - 4 - Question 39

On dissolution, the partners remain liable till

Test: Business Laws - 4 - Question 40

A contract for the sale of "future goods" is

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