Fundamentals of Law MCQs and Notes

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📊 Fundamentals of Law
Q. Sections 4 and 5 of the Ind ian Contract Act provide for c ommunication of offer and acceptance and revocation thereof. In this relation, which one of the fo llowing is not correct?
  • (A) Communication of offer is complete when it reaches the offeree.
  • (B) Revocation of acceptance is complete when acceptance is posted in favour of the proposer.
  • (C) A proposal may be revoked any time before communication of acceptance.
  • (D) Acceptance may be revoked any time before communication of acceptance.
💬 Discuss
✅ Correct Answer: (D) Acceptance may be revoked any time before communication of acceptance.
📊 Fundamentals of Law
Q. Express offers and acceptances may be proved by the agreement between the parties but implied offers can be proved only by
  • (A) the words
  • (B) the conduct
  • (C) circumstantial evidence
  • (D) both (B) and (C)
💬 Discuss
✅ Correct Answer: (D) both (B) and (C)
📊 Fundamentals of Law
Q. A contract is formed when the acceptor
  • (A) has done something to signify his intention.
  • (B) makes his mind to do so.
  • (C) reads the offer
  • (D) all of the above
💬 Discuss
✅ Correct Answer: (A) has done something to signify his intention.
📊 Fundamentals of Law
Q. A void agreement is one
  • (A) which is forbidden by law
  • (B) enforceable at the option of one of the parties.
  • (C) which is not enforceable by law
  • (D) enforceable by law
💬 Discuss
✅ Correct Answer: (C) which is not enforceable by law
📊 Fundamentals of Law
Q. Which of the following is not a Negotiable Instrument as per the Negotiable Instrument Act, 1881?
  • (A) Bill of exchange
  • (B) Delivery note
  • (C) Cheque
  • (D) Share certificate
💬 Discuss
✅ Correct Answer: (D) Share certificate
📊 Fundamentals of Law
Q. Inchoate instrument is
  • (A) An instrument incomplete in some respect
  • (B) An ambiguous instrument
  • (C) A clean bill
  • (D) Drawn conditionally as collateral security
💬 Discuss
✅ Correct Answer: (A) An instrument incomplete in some respect
📊 Fundamentals of Law
Q. Every instrument payable otherwise than on demand is entitled to_____days of grace period
  • (A) 2
  • (B) 3
  • (C) 4
  • (D) 5
💬 Discuss
✅ Correct Answer: (B) 3
📊 Fundamentals of Law
Q. For a valid contract of sale, delivery may be
  • (A) Actual delivery
  • (B) Symbolic delivery
  • (C) Constructive delivery
  • (D) All of the above
💬 Discuss
✅ Correct Answer: (D) All of the above
📊 Fundamentals of Law
Q. Delivery of goods means
  • (A) Voluntary transfer of possession
  • (B) Compulsory transfer of possession
  • (C) Exchange of goods
  • (D) Voluntary transfer of ownership.
💬 Discuss
✅ Correct Answer: (A) Voluntary transfer of possession

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