MCQ’s Business law

Download This Tutorial in PDF

MCQ’s Business law

a)Law is either private law or _________ law.
1)Public
2)Private
3)Local
4)Family
5)None of these

Answer - Click Here:
1

b) A breach of contract can be of ___________ breach
1)Discharged
2)Illegal
3)Void
4)None of these

Answer - Click Here:
1

(c) How many parties are there to a Promissory note?
(1) Two parties
(2) One party
(3) Four party
(4) Three parties
5)None of these

Answer - Click Here:
3

(d) A minor can be an _____________?

1) Surety
2) Agent
3) Partner
4) All of these
5)None of these

Answer - Click Here:
2

(e) Public Law is divided into ________ categories?
1)Three
2)Four
3)Two
4)None of these

Answer - Click Here:
2

(f) An agreement that is caused by fraud, misrepresentation & coercion is _____?
1)Voidable
2)Partially Void
3)Valid
4)All of these
5)None of these

Answer - Click Here:
1

(g) The person which is represented as an agent ______?
1) Middleman
2) Owner
3)None of these
4) Principal

Answer - Click Here:
4

(h) Public law includes _______law?
1) Administrative
2) Constitution
3) Criminal
4) All of these
5)None of these

Answer - Click Here:
4

(I) Contingent goods belongs to _______ goods?
1)Existing
2)Future
3)Contingent
4)None of these

Answer - Click Here:
2

(J) Is voidable contract?
1) Partly valid agreement
2) An illegal agreement
3) All of these
4) None of these

Answer - Click Here:
4

According to Contract Act, Select the true about the “Contract”?
A. Legal Term
B. Binding agreement
C. Always in written
(A) B only
(B) A and B only
(C) A, B and C

Answer - Click Here:
(C) A, B and C

A Contract can be signed between
(A) Individuals
(B) Legal Entities
(C) All of the above A and B
(D) None of these

Answer - Click Here:
(C) All of the above A and B

In general, Partnership entails which one of the following liability?
(A) Unlimited Liability
(B) Limited Liability
(C) No Liability at all
(D) Both A and C

Answer - Click Here:
(B) Unlimited Liability

Select the best of partnership that entails more legal benefits?
(A) Unlimited Liability Partnership
(B) Limited Liability Partnership
(C) Ordinary Partnership
(D) None of these

Answer - Click Here:
(A) Unlimited Liability Partnership

Reciprocal represent the meaning of
A.One sided contracts
B.Trilateral contracts
C. Bilateral contracts
D.None of above

Answer - Click Here:
B.Trilateral contracts

…..is the promise which forms the consideration or part of the consideration for each others.
A. Reciprocal promise
B. Conditional promise
C. Simple promise
D. None of above

A proposal may be revoked by different ways as are provided in which one of the followings section of the Contract Act 1872.
A. 6
B. 7
C. 8
D. None of above

Answer - Click Here:
A. 6

How many ways for revocation of proposal, according to the section 6 of the Contract Act, 1872
A. 2
B. 3
C. 4
D. None of above

Answer - Click Here:
C. 4

Answer - Click Here:
C. Simple promise

Which one of the following is the agreement that is not enforceable by law is?
A. Valid agreement
B. Void agreement
C. Voidable agreement
D. None of above

Answer - Click Here:
B. Void agreement

Which one of the following is the agreement that is enforceable by law?
A. Contract
B. An agreement
C. Both (a) and (b)
D. None of above

Answer - Click Here:
A. Contract

The Section 5 of the Contract Act, deals with which one of the followings;
A. Communication of contract
B. Revocation of proposals and acceptances
C. Acceptance of contracts
D. None of above

Answer - Click Here:
B. Revocation of proposals and acceptances

Which one of the following is the agreement that is ceases to be enforceable by law becomes void when it ceases to be enforceable?
A. Valid contract
B. Void contract
C. Voidable contract
D. None of

Answer - Click Here:
B. Void contract

Sameed proposes by letter to sell a house to Shahzeb. When the Communication of the proposal in between Sameed and Shahzeb is complete?
A. When Sameed make such proposal
B. When Shahzeb accepts the proposal
C. Both (A) and (B)
D. None of above

Answer - Click Here:
B. When Shahzeb accepts the proposal

Commerce Repeated MCQs book download pdf

Subscribe for Friendship

Prof. Fazal Rehman Shamil
Latest posts by Prof. Fazal Rehman Shamil (see all)

    Buy advertisement space on T4Tutorials

    For more details email [email protected]