TIME ALLOWED- 45Min
61 Right in rem means ____________
(a) right to sale
(b) right to sue buyer for amount unpaid
(c) right to enjoy the goods against whole world
(d) right to buy the goods
62 A voidable contract _________
(a) can be enforced by both the parties
(b) can be enforced by one or more of the parties only
(c) can be enforced at the option of law
(d) can not be enforced by both parties
63 The communication of acceptance is complete as against the offeror
(a) when acceptance comes to the knowledge of offeror
(b) when it is put into transmission and leaves his power to reject
(c) when acceptance is reached to offeror
(d) None of the above
64 Proposal may be :
(a) general (b) specific
(c) implied or express (d) any of the above
65 An offer made without any words spoken or written is _______
(a) specific (b) cross offer
(c) implied offer (d) counter offer
66 The term quid pro quo is applied in relation to
(a) consideration (b) capacity of parties
(c) free consent (d) legality of object
67 Which of the following is valid _______
(a) Agreement made out of natural love and affection
(b) A promise to pay time barred debt
(c) Compensation for past voluntary service
(d) All of the above
68 If the agreement consists of legal and illegal parts, and legal part is separable from
illegal part, then legal part is _______
(a) valid (b) void
(c) voidable (d) None of the these
69 A lunatic person means:
(a) insolvent person (b) person of the unsound mind
(c) person disqualified by law (d) Alien enemy
70 ‘Ignorance of law is no excuse’ in case of _______
(a) mistake as to law of land (b) foreign
(c) unilateral mistake (d) bilateral mistake
71. The term consensus-ad-idem means:
(a) general consensus
(b) reaching an agreement
(c) meeting of mind upon the same thing in same sense
(d) all the above
72 A person who is in a position to dominate will of the other, it is _______
(a) fraud (b) misrepresentation
(c) undue influence (d) all of the above
73 Finder of lost good should_______
(a) trace the true owner (b) take care of the goods
(c) not mix with his own goods (d) all of the above
74 A promises to pay B a sum Rs. 10,000/- if it rains and in return B promises to pay
Rs. 10,000/- to A if it does not rain. It is a/an_______
(a) uncertain agreement (b) wagering agreement
(c) contingent contract (d) valid agreement
75 An agreement to remain unmarried is
(a) valid (b) void
(c) voidable (d) unenforceable
76 X, Y and Z jointly promised to pay, Rs. 75,000/- to D. Z is compelled to pay the whole
amount. Then Z ______
(a) Can recover Rs. 25,000/- each from X and Y
(b) Can recover Rs. 50,000/- from X
(c) Can recover Rs. 50,000/- from Y
(d) Can not recover anything from X and Y
77 A sold goods to B at a price of Rs. 12,000/- Towards payment, B gave a post dated
cheque for Rs. 12,000/- Here_________
(a) A is bound by the payment
(b) A is not bound to accept the cheque
(c) A is bound to accept the cheque at the request of B
(d) None of these
78 X owes Rs. 15,000/- to Y and he (X ) pays Rs. 12,000/- in full and final settlement of
the outstanding due. This is called _______
(a) Novation (b) Alteratin
(c) Remission (d) Cancellation
79 Rescission of contract means:
(a) cancellation of contract (b) alteration of terms
(c) minor changes (d) all of the above
80 Contract is discharged by_______
(a) performance of contract (b) mutual agreement
(c) breach of contract (d) any of the above
81 Quantum meruit literally means __________
(a) as much as is merited (b) as much as is credited
(c) as much as no work done (d) None of the above
82 X, Y and Z are partners. X retired without giving public notice. Later on Y and Z
incurred liabilities with DLF CO Ltd. Then ______
(a) X is liable along with Y and Z (b) X only is liable
(c) Y and Z only are liable (d) None of these
83 A partnership formed for an undertaking /adventure is ___________
(a) partnership at will (b) particular partnership
(c) partnership for fixed term (d) None
84 Which of the following statement about registration of firm is not true?
(a) It must be done at the time of formation
(b) It may be done at the time of formation
(c) It may be done before filing suit against third party
(d) It may be done at any time after it’s formation
85 Public notice is not necessary in case of__________
(a) admission of partner (b) expulsion partner
(c) dissolution of partnership form (d) All if the above
86 A Firm is the name of ___________
(a) the partners
(b) the minors in the firm
(c) the business under which the firm carries on business
(d) the collective name under which it carries on business
87 A, B and C are partners. B who took the house on rental basis for the firm failed to
pay the rent. The landlord can recover the rent from ___________
(a) B only (b) A and C only
(c) B and C only (d) All partners
88 X and Y entered into partnership agreement where X has to take all profits and Y
shall received wages, Here:
(a) X and Y are not partners (b) X and Y are sub partners
(c) X and Y are partners (d) X and Y are active partners
89 “Just and equitable “ ground for dissolution of firm by court is/are_________
(a) dead lock in management (b) Lack of substratum
(c) no talking terms between partners (d) all of the above
90 In a partnership firm, X, a partner bought immovable property without the consent
of other partners. Then X ___________
(a) cannot recover any amount because it is not covered under implied authory
(b) can recover full amount from partners personally
(c) can recover the amount from firm because this act is within the scope of implide
authority of partner
(d) None of the above
91 Which of the following is not a type of document of title to goods?
(a) Bill of lading (b) Railway receipt
(c) dock warrant (d) None of these
92 A person appointed to bid on behalf of seller is called ___________
(a) Puffer (b) Auctioneer
(c) Damper (d) either (b) or (c)
93 Right of lien is _____________
(a) right of stoppage of goods in transit (b) right to sub sale
(c) right to retain the goods (d) right to resell
94 In case of specific goods in deliverable state, the sale is concluded ___________
(a) when goods are delivered to buyer
(b) when contract of sale is made by parties
(c) when money is paid by buyer
(d) when goods are deliver red and money is paid
95 X purchased 10 dozens of pencil sharpeners and when they are used, they are found
to be blunt and not at all useful to sharpen pencils. Here is breach of___________
(a) condition as to wholesomeness (b) condition as to merchantability
(c) condition as to quality or fitness (d) None of the above
96 Future goods are__________
(a) identified at the time of sale
(b) produced after contract of sale
(c) indentified by description at the time of sale
(d) None
97 In relation to sale of goods , the latin term ‘Nemodat quod Non habet’ means ___________
(a) goods by estoppels
(b) no one can pass a better title than he himself has
(c) sale by mercantile agent
(d) sale by finder if goods
98 In the event of insolvency of buyer before making the payment, but seller does not
have right of lien, then the seller ___________
(a) must deliver the goods to official receiver
(b) must resell the goods to any other
(c) must retain the goods for any other payment due from buyer
(d) None of these
99 A sent wheat to B and B sent the wheat to mill, Here it is said that ___________
(a) B has accepted the wheat by express adoption
(b) B has accepted the wheat by implied adoption
(c) B has accepted the wheat by estoppels
(d) None of the above
100 Is case of breach if condition as to quality or fitness ___________
(a) buyer can sue the seller (b) buyer can sue for damages
(c) buyer can refuse to pay the price (d) buyer can return the goods
61 Right in rem means ____________
(a) right to sale
(b) right to sue buyer for amount unpaid
(c) right to enjoy the goods against whole world
(d) right to buy the goods
62 A voidable contract _________
(a) can be enforced by both the parties
(b) can be enforced by one or more of the parties only
(c) can be enforced at the option of law
(d) can not be enforced by both parties
63 The communication of acceptance is complete as against the offeror
(a) when acceptance comes to the knowledge of offeror
(b) when it is put into transmission and leaves his power to reject
(c) when acceptance is reached to offeror
(d) None of the above
64 Proposal may be :
(a) general (b) specific
(c) implied or express (d) any of the above
65 An offer made without any words spoken or written is _______
(a) specific (b) cross offer
(c) implied offer (d) counter offer
66 The term quid pro quo is applied in relation to
(a) consideration (b) capacity of parties
(c) free consent (d) legality of object
67 Which of the following is valid _______
(a) Agreement made out of natural love and affection
(b) A promise to pay time barred debt
(c) Compensation for past voluntary service
(d) All of the above
68 If the agreement consists of legal and illegal parts, and legal part is separable from
illegal part, then legal part is _______
(a) valid (b) void
(c) voidable (d) None of the these
69 A lunatic person means:
(a) insolvent person (b) person of the unsound mind
(c) person disqualified by law (d) Alien enemy
70 ‘Ignorance of law is no excuse’ in case of _______
(a) mistake as to law of land (b) foreign
(c) unilateral mistake (d) bilateral mistake
71. The term consensus-ad-idem means:
(a) general consensus
(b) reaching an agreement
(c) meeting of mind upon the same thing in same sense
(d) all the above
72 A person who is in a position to dominate will of the other, it is _______
(a) fraud (b) misrepresentation
(c) undue influence (d) all of the above
73 Finder of lost good should_______
(a) trace the true owner (b) take care of the goods
(c) not mix with his own goods (d) all of the above
74 A promises to pay B a sum Rs. 10,000/- if it rains and in return B promises to pay
Rs. 10,000/- to A if it does not rain. It is a/an_______
(a) uncertain agreement (b) wagering agreement
(c) contingent contract (d) valid agreement
75 An agreement to remain unmarried is
(a) valid (b) void
(c) voidable (d) unenforceable
76 X, Y and Z jointly promised to pay, Rs. 75,000/- to D. Z is compelled to pay the whole
amount. Then Z ______
(a) Can recover Rs. 25,000/- each from X and Y
(b) Can recover Rs. 50,000/- from X
(c) Can recover Rs. 50,000/- from Y
(d) Can not recover anything from X and Y
77 A sold goods to B at a price of Rs. 12,000/- Towards payment, B gave a post dated
cheque for Rs. 12,000/- Here_________
(a) A is bound by the payment
(b) A is not bound to accept the cheque
(c) A is bound to accept the cheque at the request of B
(d) None of these
78 X owes Rs. 15,000/- to Y and he (X ) pays Rs. 12,000/- in full and final settlement of
the outstanding due. This is called _______
(a) Novation (b) Alteratin
(c) Remission (d) Cancellation
79 Rescission of contract means:
(a) cancellation of contract (b) alteration of terms
(c) minor changes (d) all of the above
80 Contract is discharged by_______
(a) performance of contract (b) mutual agreement
(c) breach of contract (d) any of the above
81 Quantum meruit literally means __________
(a) as much as is merited (b) as much as is credited
(c) as much as no work done (d) None of the above
82 X, Y and Z are partners. X retired without giving public notice. Later on Y and Z
incurred liabilities with DLF CO Ltd. Then ______
(a) X is liable along with Y and Z (b) X only is liable
(c) Y and Z only are liable (d) None of these
83 A partnership formed for an undertaking /adventure is ___________
(a) partnership at will (b) particular partnership
(c) partnership for fixed term (d) None
84 Which of the following statement about registration of firm is not true?
(a) It must be done at the time of formation
(b) It may be done at the time of formation
(c) It may be done before filing suit against third party
(d) It may be done at any time after it’s formation
85 Public notice is not necessary in case of__________
(a) admission of partner (b) expulsion partner
(c) dissolution of partnership form (d) All if the above
86 A Firm is the name of ___________
(a) the partners
(b) the minors in the firm
(c) the business under which the firm carries on business
(d) the collective name under which it carries on business
87 A, B and C are partners. B who took the house on rental basis for the firm failed to
pay the rent. The landlord can recover the rent from ___________
(a) B only (b) A and C only
(c) B and C only (d) All partners
88 X and Y entered into partnership agreement where X has to take all profits and Y
shall received wages, Here:
(a) X and Y are not partners (b) X and Y are sub partners
(c) X and Y are partners (d) X and Y are active partners
89 “Just and equitable “ ground for dissolution of firm by court is/are_________
(a) dead lock in management (b) Lack of substratum
(c) no talking terms between partners (d) all of the above
90 In a partnership firm, X, a partner bought immovable property without the consent
of other partners. Then X ___________
(a) cannot recover any amount because it is not covered under implied authory
(b) can recover full amount from partners personally
(c) can recover the amount from firm because this act is within the scope of implide
authority of partner
(d) None of the above
91 Which of the following is not a type of document of title to goods?
(a) Bill of lading (b) Railway receipt
(c) dock warrant (d) None of these
92 A person appointed to bid on behalf of seller is called ___________
(a) Puffer (b) Auctioneer
(c) Damper (d) either (b) or (c)
93 Right of lien is _____________
(a) right of stoppage of goods in transit (b) right to sub sale
(c) right to retain the goods (d) right to resell
94 In case of specific goods in deliverable state, the sale is concluded ___________
(a) when goods are delivered to buyer
(b) when contract of sale is made by parties
(c) when money is paid by buyer
(d) when goods are deliver red and money is paid
95 X purchased 10 dozens of pencil sharpeners and when they are used, they are found
to be blunt and not at all useful to sharpen pencils. Here is breach of___________
(a) condition as to wholesomeness (b) condition as to merchantability
(c) condition as to quality or fitness (d) None of the above
96 Future goods are__________
(a) identified at the time of sale
(b) produced after contract of sale
(c) indentified by description at the time of sale
(d) None
97 In relation to sale of goods , the latin term ‘Nemodat quod Non habet’ means ___________
(a) goods by estoppels
(b) no one can pass a better title than he himself has
(c) sale by mercantile agent
(d) sale by finder if goods
98 In the event of insolvency of buyer before making the payment, but seller does not
have right of lien, then the seller ___________
(a) must deliver the goods to official receiver
(b) must resell the goods to any other
(c) must retain the goods for any other payment due from buyer
(d) None of these
99 A sent wheat to B and B sent the wheat to mill, Here it is said that ___________
(a) B has accepted the wheat by express adoption
(b) B has accepted the wheat by implied adoption
(c) B has accepted the wheat by estoppels
(d) None of the above
100 Is case of breach if condition as to quality or fitness ___________
(a) buyer can sue the seller (b) buyer can sue for damages
(c) buyer can refuse to pay the price (d) buyer can return the goods
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