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Test: Business Laws - 3 - CA Foundation MCQ


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25 Questions MCQ Test - Test: Business Laws - 3

Test: Business Laws - 3 for CA Foundation 2024 is part of CA Foundation preparation. The Test: Business Laws - 3 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Business Laws - 3 MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Business Laws - 3 below.
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Test: Business Laws - 3 - Question 1

Which of the following is considered the same as a proposal?

Test: Business Laws - 3 - Question 2

Which of the following involves criminal act?

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Test: Business Laws - 3 - Question 3

Every contract must give rise to _______ obligations.

Detailed Solution for Test: Business Laws - 3 - Question 3

A contract is an agreement made between two or more persons to do or to abstain from doing a particular act. A contract invariably creates a legal obligation between the parties by which certain rights are given to one party and a corresponding duty is imposed on the other party.

Test: Business Laws - 3 - Question 4

Which of the following is not an exception to the principle of `no consideration, no contract?

Test: Business Laws - 3 - Question 5

A contract, where the possession of goods is transferred by one party to the other for a specific purpose and as and when the purpose is accomplished, the goods are delivered back, is called

Test: Business Laws - 3 - Question 6

A contract for the benefits of a minor is

Test: Business Laws - 3 - Question 7

An agreement to agree in future is

Test: Business Laws - 3 - Question 8

The person to whom an offer is made is called

Test: Business Laws - 3 - Question 9

Wagering agreements are _________ in India.

Test: Business Laws - 3 - Question 10

A hire purchase agreement is just like

Test: Business Laws - 3 - Question 11

A contract which is against the law in India is called a/an_________ contract.

Test: Business Laws - 3 - Question 12

Which one of the following persons are not partners?

Test: Business Laws - 3 - Question 13

An agreement which is not enforceable by law is called __________ contract.

Test: Business Laws - 3 - Question 14

Which of the following is the most important feature and true test of partnership?

Test: Business Laws - 3 - Question 15

A partnership agreement may be

Test: Business Laws - 3 - Question 16

Which of the following contracts can be terminated by the buyer anytime without paying any damages or the price of goods further?

Test: Business Laws - 3 - Question 17

A stipulation in a contract of sale, which is collateral to the main purpose of the contract is called

Test: Business Laws - 3 - Question 18

A contract which suffers from some technical defect such as inadequate affixing of court fee stamps is a/an _____ contract.

Test: Business Laws - 3 - Question 19

Which of the following results from mental pressure?

Test: Business Laws - 3 - Question 20

Which of the following contracts is based upon the extent of execution or performance?

Test: Business Laws - 3 - Question 21

An agreement which stands on the basis of lose-win of two parties is called

Test: Business Laws - 3 - Question 22

Which of the following is not among one of the three essential elements of partnership?

Test: Business Laws - 3 - Question 23

There cannot be more than ___ partners in a non-banking partnership business.

Test: Business Laws - 3 - Question 24

Which of the following contracts stands on the ground of equity?

Test: Business Laws - 3 - Question 25

Agreements which are collateral to void agreements are

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