πŸ“Š Business Regulations
Q. An illegal agreement is
  • (A) not enforceable by law
  • (B) prohibited under law
  • (C) either (a) & (b)
  • (D) both (a) & (b)
πŸ’¬ Discuss
βœ… Correct Answer: (D) both (a) & (b)
πŸ“Š Business Regulations
Q. In which of the following agreements, restraint of trade is valid?
  • (A) agreement with buyer of goodwill
  • (B) trade combinations not opposed to public policy
  • (C) partnership agreements
  • (D) all of the above
πŸ’¬ Discuss
βœ… Correct Answer: (D) all of the above
πŸ“Š Business Regulations
Q. Which of the following agreements are valid?
  • (A) uncertain agreements
  • (B) wagering agreements
  • (C) agreements to do impossible events
  • (D) none of the above
πŸ’¬ Discuss
βœ… Correct Answer: (D) none of the above
πŸ“Š Business Regulations
Q. Consideration and object of an agreement is unlawful if it
  • (A) is fraudulent
  • (B) is possible
  • (C) is impossible
  • (D) all of the above
πŸ’¬ Discuss
βœ… Correct Answer: (A) is fraudulent
πŸ“Š Business Regulations
Q. Ex turpi causa non oritur action means?
  • (A) from an illegal cause, no action arises
  • (B) from an illegal cause action may arises
  • (C) from an legal cause action may arises
  • (D) from an legal cause action may not arises
πŸ’¬ Discuss
βœ… Correct Answer: (A) from an illegal cause, no action arises