Businees Law 1

8/3/2019 Businees Law 1

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Objectives: (each 1 mark)

1. An agreement enforceable at law is a(a) enforceable acceptance(b)accepted offer(c) approved promise(d)contract

2. Void agreement signifies(a) agreement illegal in nature(b)agreement not enforceable by law(c) agreement violating legal procedure(d)agreement against public policy.

3. Offer as defined under section 2(a) is(a) communication from one person to another(b)suggestion by one person to another(c)willingness to do or abstain from doing an act in order to obtain the assent of other

thereto

(d)none of the above.4. Under section 2(b) if the person to whom the proposal is made signifies his

assent the proposal is said to have been

(a) accepted(b)agreed(c) provisionally agreed(d) tentatively accepted.


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5. A proposal when accepted becomes(a) promise under section 2(b)(b)

agreement under section 2(e)

(c) contract under section 2(h)(d)none of the above.

6. When the consent is caused by misrepresent-tation, the contract under section19 is

(a)valid(b)void(c)voidable(d) illegal.

7. If the proposer prescribes the mode & manner of acceptance, the acceptance(a) can be in any manner & mode(b)should be in the manner & mode prescribed(c) can be in any reasonable mode & manner(d)all the above.

8. Consent is free under section 14 if not caused by(a) coercion & undue influence(b) fraud and misrepresentation(c) mistake subject to the provisions of sections 20, 21 and 22(d)all the above.

9. An agreement shall be void on account of(a) mistake of fact by one party(b)mistake of fact by both the parties


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(c) mistake of foreign law(d)both (a) & (b).

10.Misrepresentation under section 18 means(a) a positive assertion, in a manner not warranted by the information of the person

making it, not true but he believes it to be true

(b)any breach of duty, which gains an advantage to the person committing it, bymisleading another to his prejudice

(c) causing a party to make an agreement to make a mistake as to the subject matter ofcontract

(d)All the above.Part-b (each 5 marks)

1. Suresh invites Jhanvi (a well-known film actress) to his daughters engagement anddinner party. Jhanvi accepts the invitation and promised to attend. Suresh made special

arrangements for Jhanvi at the party but she did not turn up. Suresh enraged with

Jhanvis behaviour, wanted to sue for the loss incurred in making special arrangements.

Suresh is seeking your advice & explain capacity of the parties for a valid contract.

2. What are Consumer Rights & what are the redressal forums under consumer protection act?3. Define the condition where consent of the parties are not free.4. Elucidate sales of goods act & its implications.5. Explain Memorandum of association & Article of Association.


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set-2

objectives

1. Consumer Protection Act was formed in1987, 1984, 1986, 2007

2. Those complaints can be filed in the State Commission where the value of goods orservices and the compensation claimed is

More than 20 laaks but less than rs 1 crore

More than 1 crore

Less than 20 laks

More than 10 lakhs but less than 20 lakhs

3. Every promise and every set of promises, forming the consideration for eachother, is an

(a) agreement

(b) contract

(c) offer

(d) acceptance.

4. Which is correct(a) proposal + acceptance = promise

(b) promise + consideration = agreement

(c) agreement + enforceability = contract

(d) all the above.
http://192.168.1.2/is#bookmark3http://192.168.1.2/is#bookmark3


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5. Which of the following right is not provided by the Consumer Protection Act to theconsumers ?

Right to safety

Right to scold

Right to choice

Right to choose

Right to seek redressal

6. The Sale of Goods Act, 1930 applies to the whole of India except(a) Jammu & Kashmir

(b) Dadra and Nagar Haveli

(c) Goa, Daman & Diu

(d) all the above.

7. The definition of 'goods' as given in section 2(7) of the Sale of Goods Act, 1930,is the same as given

(a) of movable property under the General Clauses Act, 1897

(b) of movable property under the Transfer of Property Act, 1882

(c) of movable property under the Indian Contract Act, 1872

(d) Neither (a) nor (b) nor (c).

8. Which of the following statements is incorrect in relation to directors?a) Private companies are required to have at least one director

b) Public companies are required to have at least two directorsc) The Companies Act 2006 requires that a director appointed after the Act must be at least 21

years of aged) At least one of the directors of the company must be a natural person


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9. In relation to minors, which of the following types of contract is notvoidable but binds the minor?

a) Contracts involving the sale of sharesb) Leasing propertyc) Contracts of partnershipd) A contract for necessities

10.Under section 2(c) promisor is the(a) person who makes the proposal

(b) person who accepts the proposal

(c) person who makes the promise

(d) person to whom the proposal is made.

Part-b

Businees Law 1

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