Mercantile Laws Test - 5
| Description: Mercantile Laws Test - 5 | |
| Number of Questions: 40 | |
| Created by: Sara Dalvi | |
| Tags: Mercantile Laws Test - 5 Mercantile Laws |
The law of contract in India is contained in
A void agreement is one which is
Which of the following is false? An acceptance
A contract is discharged by rescission which means the
A proposal when accepted becomes a
Which one of the following is/are document of title to goods?
The Sale of Goods Act, 1930 deals with
Which of the following statement is true?
Which one of the following is not true?
On the valid performance of the contractual obligations by the parties, the contract
A firm is the name of
A partnership at will is one
Which of the following statement is false? Consideration
Which of the following statement is true?
In which form of the contract, the property in the goods passes to the buyer immediately
Which one of the following is not an implied warranty?
Every partner has the right to
Which of the following is not a disability of an unregistered firm?
In case of illegal agreements, the collateral agreements are
Moral pressure is involved in the case of
Consent is not said to be free when it is caused by
Which of the following is not the right of a partner i.e., which he cannot claim as a matter of right?
As a general rule, an agreement made without consideration is
Sometimes, a party is entitled to claim compensation in proportion to the work done by him. It is possible by a suit for
A contract with the minor, which is beneficial for him, is
An agreement made with free consent to which the consideration is lawful but inadequate, is
The essence of a right of lien is to
A contract dependent on the happening or non-happening of future uncertain event, is a
A partner can be expelled if
A agrees to pay Rs. one lakh to B if he brings on earth a star from sky. This is a contingent contract and
A new partner can be admitted in the firm with the consent of
A partner may retire from an existing firm
If a seller handed over the keys of a warehouse containing the goods to the buyer, it results in
A partnership firm is compulsorily dissolved where
Voluntary transfer of possession by one person to another is popularly known as
A stipulation in a contract of sale of goods whose violation by seller gives a right of rescission to buyer, is called
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?
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
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
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.