Business law MCQs for B.COM

1. The contract of sale made by?

(A) May be implied from the conduct of the parties

(B) All of the above

(C) By word of mouth

(D) In writing

2. The contract which is breach can be?

(A) Void

(B) Actual

(C) Anticipatory

(D) B and C

3. The person who is the representator of the agent is…..

(A) Principal

(B) Principle

(C) Middle man

(D) Owner

4. The act of agent on behalf of principal is?

(A) Intention

(B) Consideration

(C) Policy

(D) Rule

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

6. When agency is ratified it must be communicated with…..

(A) Principal

(B) Agent

(C) Owner

(D) Third party

7. The goods which are contingent is part of……

(A) Unascertained

(B) Future

(C) Existing

(D) Ascertained

8. In sale contract, the parties make statement which is known as…..

(A) Promises

(B) Agreement

(C) Contract

(D) Stipulations

9. The condition on title is an example of…..

(A) Express condition

(B) Implied condition

(C) Implied warranty

(D) Express warranty

10. The condition for quality or fitness is?

(A) Implied warranty

(B) Implied condition

(C) Express warranty

(D) Express condition

11. The condition for Merchantable quality is?

(A) Express condition

(B) Implied warranty

(C) Express warranty

(D) Implied condition

12. The warranty of quiet possession is?

(A) Implied warranty

(B) Express condition

(C) Implied condition

(D) Express warranty