Q. Which is not the correct statement ?
✅ Correct Answer: (A)
If consent is the result of coercion, the agreement is
Business Laws MCQs and Notes
Q. A petient in a lunatic Asylum who is at intervals of sound mind :
✅ Correct Answer: (C)
May contact during those intervals when he is of sound mind.
Q. A sells, by auction to B a horse which A knows to be unsound. A says nothing to B about the horse unsoundness. A does :
✅ Correct Answer: (C)
No fraud
Q. The correct sequence in the formation of a contract is :
✅ Correct Answer: (D)
Offer,acceptance, consideration, agreement.
Q. In a standardized contract :
✅ Correct Answer: (A)
The individual has no choice but to accept and sign on
Q. An agreement becomes a contract if :
✅ Correct Answer: (C)
It is enforceable by law.
Q. Which one of the following element is not necessary for a contract ?
✅ Correct Answer: (B)
Reasonable terms and conditions.
Q. When an instrument is lost, it is presumed that it was duly stamped
✅ Correct Answer: (A)
true
Q. Protest for better security is done for publicity stunt.
✅ Correct Answer: (B)
false
Q. A person coming forward to accept after it has been dishonoured is called:
✅ Correct Answer: (A)
acceptor for honour