1-8

9-17

18-27

28-36

condition as to wholesomeness

sale by description as well as by sample

condition as to quality or fitness

all of these

by notice of revocation

by lapse of time

by death or insanity

all of these

a right against or in respect of a thing

a right against or in respect of a person

both (1) and (2)

none of these

actual delivery

constructive delivery

symbolic delivery

all of these

a promise to give money or money’s worth upon the determination or ascertainment of an uncertain future event

money’s worth upon the determination or ascertainment of a certain future event

a promise to give money or money’s worth upon the happening of future event the outcome of which is predetermined

a promise to give money or money’s worth upon the non-happening of certain future events the outcome of which is predetermined

physical force or threat

mental pressure

both (1) and (2)

none of these

Recission must be communicated to the other party in the same manner as a proposal is communicated.

Recission must be revoked in the same manner as a proposal is communicated.

Communication of recission is optional.

Both (1) and (2)

Allows the person named therein to transfer the share mentioned therein by mere endorsement on the back of the certificate.

Allows the person named therein to transfer the share mentioned therein by mere delivery of the certificate.

Allows the person named therein to transfer the share mentioned therein by mere endorsement on the back of the certificate and the delivery of the certificate.

None of these

B may avoid the contract

B may insist upon its performance

B may get the mortgage debt redeemed

All of these

The general rule is “ unless otherwise agreed, the goods remain at the seller's risk until the property therein is transferred to the buyer, but when the property therein is transferred to the buyer, the goods are at the buyer's risk whether delivery has been made or not”.

Where the delivery of the goods has been delayed through the fault of either the buyer or the seller, the goods are at the risk of the party in fault as regards any loss which might not have occurred but for such fault.

In ordinary circumstances, risk is borne by the buyer only when the property in the goods passes over to him. However, the parties may by special agreement stipulate that risk will pass sometime after or before the property has passed.

All of these

submit a dispute relating to the business of the firm to arbitration

withdraw a suit or proceedings filed on behalf of the firm.

both (1) and (2)

none of these

compulsory dissolution

dissolution by agreement

by intervention of the court

all of these

in accordance with a contract between the existing partners or with the consent of all the existing partners

in accordance with a contract between the existing partners or with the consent of all the existing partners subject to the provisions of Section 30 of the Act

after obtaining specific approval of the Registrar of Firms and Societies, to this effect

by simply taking the consent of the new partner

the positive assertion, in a manner not warranted by the information of the person making it, of that which is not true, though he believes it to be true

any breach of duty, which, without an intention to deceive, gains an advantage to the person committing it, or any one claiming under him, by misleading another to his prejudice or to the prejudice of any one claiming under him

causing, however innocently, a party to an agreement to make a mistake as to the substance of the thing which is the subject of the agreement

all of these

a contract cannot confer any right on one who is not a party to the contract, even though the very object of the contract may have been to benefit him

a contract can confer right on one who is not a party to the contract, if the contract benefits him

a contract always confers right on one who is not a party to the contract

a contract can confer rights on strangers

there is only one contract

there are two contracts

there are three contracts

there are actually only agreements and no contracts

1^st October, 1872

1^st July, 1872

15^th August, 1872

1^st September, 1872

A writes the telegram but the same has not been sent to B

A dispatches the telegram

B receives the telegram

B responds to the telegram

executed contracts

executory contracts

partly executed or partly executory contracts

all of these

principal

agent

servant

bailee

the seller

the buyer

both of these

the insurance company

executed contract

executory contract

both of the above

none of these

remission

recission

novation

alteration

are remedies which provide the same result

are different remedies and they provide different results

are not the correct way to act against the party committing the breach

are the only correct way to act against the party committing the breach

is confined to his share of the profits and property in the firm

is same as that of any other partner in the firm

is similar as that of any other partner in the firm

is unlimited

substituting a new contract for the old one

cancellation of the old contract

modifying or altering the terms of contract such that it has the effect of substituting a new contract for the old one

dispensing away the performance of the promise made by the other party

becomes the owner of such money or those goods

must repay the money or return those goods

is allowed to sell the goods and retain the money realized from such sale

has no obligation to return the money, he may do so only as a good gesture

actual delivery

constructive delivery

symbolic delivery

physical delivery

compulsory from the beginning

not compulsory till first five years of beginning of the partnership

not compulsory at all

compulsory only if the Registrar of Firms, gives an order in this regard

active partner

dormant partner

partner by estoppel

partner by stoppage

can sue for price

can sue for damages

can sue the buyer for injunction

none of these

buys goods

agrees to buy goods

has bought goods

buys or agrees to buy goods

@ 6% per annum, provided it is payable only out of profits

@ 8% per annum, provided it is payable only out of profits

@ 8.5% per annum, provided it is payable only out of profits

at any rate, provided it is payable only out of profits

A can enforce the contract.

B can enforce the contract.

A has applied coercion.

The contract is unenforceable.

A has applied coercion.

A has done fraud with B.

A is guilty of misbehaving with B.

A has an anti-social nature.

the seller with the assent of the buyer

the buyer with the assent of the seller

the buyer or the seller with or without the assent of the other

both (1) and (2)

sale

bailment

exchange

none of these

Partner of firm cannot enter into a contract with the partnership firm.

A member of a company can enter into a contract with the company.

Partner of a firm can enter into a contract with the partnership firm.

All of these

dissolution by the adjudication of all the partners or of all the partners but one as insolvent

dissolution as a result of any agreement between all the partners

dissolution by the business of the firm becoming unlawful

all of these