Mercantile Laws Test - 4
| Description: Mercantile Laws Test - 4 | |
| Number of Questions: 40 | |
| Created by: Sara Dalvi | |
| Tags: Mercantile Laws Test - 4 Mercantile Laws |
Which of the following statement is true?
Which of the following is not an exception to the rule - No Consideration, No Contract?
A mistake as to a law not in force in India has the same effect as
Generally, which of the following damages are not recoverable?
Which of the following persons can perform the contract?
A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract, C dies. Here, the contract
Which of the following is not an implied condition in a contract of sale?
Which of the following is not a form of delivery?
Mercantile Agent is having an authority to
Doctrine of Caveat Emptor means
The most important element in partnership is
In the absence of agreement to the contrary all partners are
When the consent of a party is not free, the contract is
The term “goods” under Sale of Goods Act, 1930 does not include
An agreement is void if it is opposed to public policy. Which of the following is not covered by heads of public policy?
Active partner is one who
Which of the following statements, about the registration of firm, is not true?
Which of the following is false? An offer to be valid must
Ordinarily, a minor`s agreement is
The threat to commit suicide amounts to
A minor's liability for 'necessaries' supplied to him
An agreement, the object or consideration of which is unlawful, is
A contingent contract is
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
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
A agrees to pay Rs. 5 lakhs to B if he (B) procures an employment for A in Income Tax Department. This agreement is
Agreement-the meaning of which is uncertain is
On dissolution, the partners remain liable till
A contract for the sale of “future goods” is
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
Goods which are in existence at the time of the Contract of Sale is known as
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
Death of partner has the effect of
An auction sale is complete on the
If A agrees to deliver 100 kg of sugar to B in exchange of 15 meters of cloth, then it is
A partner can retire on
Registration of a firm is
The reconstitution of the firm takes place in case of
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?
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. Which of the following statement(s) is/are correct?