Business Law (MCQs) Set-4
Categories: OTHERS
Q.1. Consent given to a contract under some misrepresentation by the other party makes the contract
- void
- invalid
- unenforceable
- voidable
Answer: (D) voidable
Q.2. A promise to compensate, wholly or in part, a person who has already voluntarily done something for the promisor is:
- enforceable
- not enforceable because it is without consideration,
- void
Answer: (A) enforceable
Q.3. Consideration in a contract
- may be past ,present or future,
- may be present or future only.
- must be present only.
- must be future only.
Answer: (A) may be past, present or future,
Q.4. An agreement with or by minor is
- void
- voidable at the option of the minor
- voidable at the option of the other party
Answer: (A) void
Q.5. An agreement not enforceable by law is said to be
- void,
- voidable,
- valid,
- unenforceable,
Answer: (A) void,
Q.6. Flaw in capacity to contract may arise from
- lack of free consent
- lack of consideration
- minority
- absence of legal formalities.
Answer: (C) minority
Q.7. An acceptance is not according to the mode prescribed but the offerer decides to keep quiet. In such a case there is:
- a contract,
- no contract,
- a voidable contract,
- an unenforceable contract.
Answer: (A) a contract,
Q.8. A makes an offer to B on 10th by a letter which reaches B on 12th B posts letter of acceptance on 14th which reaches A on 16th. The communication of acceptance is complete as against A on:
- 12th
- 14th
- 16th
Answer: (C) 16th