Business law MCQs for B.COM

Here, we are sharing very important “Business law MCQs for B.COM”.

(1) The contract of sale made by?
a) May be implied from the conduct of the parties
b) In writing
c) By word of mouth
d) All of the above
e) None of these

(2) The contract which is breach can be?
a) Anticipatory
b) Void
c) Actual
d) B and C
e) None of these

(3) The person who is representator of agent is…..
a) Principle
b) Middle man
c) Principal
d) Owner
e) None of these

(4) The act of agent on behalf of principal is?
a) Intention
b) Consideration

c) Rule
d) Policy
e) None of these

Answer - Click Here:

A

(5) The Ratification done by an agent is for…..
a) Not a part of contract
b) Part of the contract
c) Whole contract
d) A and B
e) None of these

(6) When agency is ratified it must communicated with…..
a) Principal
b) Third party
c) Agent
d) Owner
e) All of the above

(7) The goods which are contingent is part of……
a) Unascertained
b) Ascertained
c) Future
d) Existing
e) Previous

(8) In sale contract , the parties make statement which is known as…..
a) Promises
b) Stipulations
c) Agreement
d) Contract
e) None of these

(9) The condition on title is an example of…..
a) Express condition
b) Express warranty
c) Implied warranty
d) Implied condition
e) None of these

(10) The condition for quality or fitness is ?
a) Implied warranty
b) Implied condition
c) Express warranty
d) Express condition
e)All of the above

(11) The condition for Merchantable quality is?
a) Implied warranty
b) Express condition
c) Express warranty
d) Implied condition
e) None of these

(12) The warranty of quiet possession is?
a) Express warranty
b) Express condition
c) Implied condition
d) Implied warranty
e)All of the above

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