Q. Which of the following persons do not fall under the category of persons of unsound mind?
✅ Correct Answer: (D)
Alien
Business Laws MCQs and Notes
Q. A contract with the minor, which is beneficial for him, is;
✅ Correct Answer: (C)
Valid
Q. For entering into a contract, a minor is a person who has not completed the age of;
✅ Correct Answer: (B)
18 years
Q. Which of the following persons are not competent to contract?
✅ Correct Answer: (D)
All of these
Q. An agreement made with free consent to which the consideration is lawful but inadequate is;
✅ Correct Answer: (B)
Valid
Q. A agrees to sell his car worth Rs. I00000 lakh to B for rs.20000 and A’s consent was obtained by coercion. Here, the agreement is;
✅ Correct Answer: (C)
Voidable
Q. As a general rule, an agreement made without consideration is;
✅ Correct Answer: (A)
Void
Q. When the consent of a party is obtained by fraud, the contract is
✅ Correct Answer: (B)
Voidable
Q. Consent is not said to be free when it is caused by
✅ Correct Answer: (D)
All of these