Business Law
131. Which of the following elements does not affect the free consent of the parties.
- Coercion
- Fraud
- Incompetency
- Undue influence
Incompetency
132. Which of the following acts does not fall under the categories of fraud?
- Intentional false statement of facts
- Active concealment of facts
- Innocent false statements
- Promise made without intention to perform
Innocent false statements
133. A contract made by mistake about Indian Law, is;
- Void
- Valid
- Voidable
- Illegal
Valid
134. An agreement in restraint of marriage is valid incase of the following persons
- Minors
- Educated
- Married
- None of these
Minors
135. Where an agreement consists of two parts once legal and the other illegal and the legal part is separable from the illegal one, such legal part is
- Void
- Valid
- Voidable
- Illegal
Valid
136. Sometimes, a person finds certain goods belonging to some persons. In such case, the finder
- Becomes the owner of the goods and can use them
- Is under a duty to trace the true owner and return the goods
- Can sell the perishable goods if true owner cannot be found
- Both (b) and (c)
Both (b) and (c)
137. When after the formation of a valid contract, an event happens which makes the performance of contract impossible then the contract becomes
- Void
- Voidable
- Valid
- Illegal
Void
138. What is legal terminology for the doing or not doing of something which the promisor desires to be done or not done?
- Desires
- Wishes
- Considerations
- Promise
Considerations
139. An agreement enforceable by Law is a
- Promise
- Contract
- Obligation
- Lawful promise
Contract
140. Which of the following statement is true?
- Consideration must result in a benefit to both parties
- Past consideration is no consideration in India
- Consideration must be adequate
- Consideration must be something which a promisor is not already bound to do
Consideration must be something which a promisor is not already bound to do
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