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Test: Business Laws - 5


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

Test: Business Laws - 5 for CA Foundation 2023 is part of Business Laws for CA Foundation preparation. The Test: Business Laws - 5 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Business Laws - 5 MCQs are made for CA Foundation 2023 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Business Laws - 5 below.
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Test: Business Laws - 5 - 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

Test: Business Laws - 5 - Question 2

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

Test: Business Laws - 5 - Question 3

A partner may retire from an existing firm

Test: Business Laws - 5 - Question 4

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

Test: Business Laws - 5 - Question 5

A void agreement is one which is

Test: Business Laws - 5 - 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 

Test: Business Laws - 5 - 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

Test: Business Laws - 5 - Question 8

Every partner has the right to

Test: Business Laws - 5 - Question 9

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

Test: Business Laws - 5 - Question 10

A proposal when accepted becomes a

Test: Business Laws - 5 - Question 11

The law of contract in India is contained in

Test: Business Laws - 5 - Question 12

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

Test: Business Laws - 5 - Question 13

In case of illegal agreements, the collateral agreements are

Test: Business Laws - 5 - 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.

Test: Business Laws - 5 - Question 15

A firm is the name of

Test: Business Laws - 5 - Question 16

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

Test: Business Laws - 5 - Question 17

A partner can be expelled if

Test: Business Laws - 5 - 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?

Test: Business Laws - 5 - Question 19

A contract is discharged by rescission which means the

Test: Business Laws - 5 - Question 20

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

Test: Business Laws - 5 - Question 21

Which of the following is false? An acceptance

Test: Business Laws - 5 - Question 22

Which one of the following is not an implied warranty?

Test: Business Laws - 5 - Question 23

Which one of the following is not true?

Test: Business Laws - 5 - Question 24

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

Test: Business Laws - 5 - Question 25

A partnership at will is one

Test: Business Laws - 5 - Question 26

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

Test: Business Laws - 5 - Question 27

Moral pressure is involved in the case of

Test: Business Laws - 5 - Question 28

As a general rule, an agreement made without consideration is

Test: Business Laws - 5 - Question 29

The essence of a right of lien is to

Test: Business Laws - 5 - Question 30

A partnership firm is compulsorily dissolved where

Test: Business Laws - 5 - Question 31

Which of the following statement is true?

Test: Business Laws - 5 - Question 32

Which of the following statements is false?

Test: Business Laws - 5 - Question 33

Which of the following statements is true?

Test: Business Laws - 5 - Question 34

A contract with the minor, which is beneficial for him, is

Test: Business Laws - 5 - Question 35

The Sale of Goods Act, 1930 deals with

Test: Business Laws - 5 - Question 36

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

Test: Business Laws - 5 - Question 37

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

Test: Business Laws - 5 - Question 38

On the valid performance of the contractual obligations by the parties, the contract

Test: Business Laws - 5 - Question 39

Consent is not said to be free when it is caused by

Test: Business Laws - 5 - 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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