CA Foundation Business Law MCQ

1. When prior to the due date of performance, the promissory absolutely refuses to perform the contract, it is known as

2. An offer may lapse by-

3. In case of breach of contract, which of the following remedy is available to the aggrieved party?

4. In case of illegal agreement the collateral agreements are:

5. When the consent of a party is obtained by fraud, the contract is;

6. An agreement enforceable by law is a

7. Which of the following person can perform the contract?

8. A void agreement is one which is –

9. A contract is discharged by rescission which means the

10. Consideration in simple term means:

11. On the valid performance of the contractual obligations by the parties, the contract

12. Which of the following statement is false?
Consideration:

13. An agreement which is enforceable by law at the option of one or more of the parties thereon but not at the option of the other or others is a

14. An agreement is void if it is opposed to public policy. Which of the following is not covered by heads of public policy.

15. When the consent of a party is not free, the contract is

16. Sometimes, a party is entitled to claim compensation in proportion to the work done by him. It is possible by a suit for

17. Consideration may be

18. An agreement the object or consideration of which is unlawful, is

19. Ordinarily, a minor’s agreement is

20. Which of the following statement is true?

21. The threat to commit suicide amounts to

22. In case of anticipatory breach, the aggrieved party may treat the contract

23. A proposal when accepted becomes a

24. Which of the following is not an exception to the rule – No consideration, No Contract

25. Moral pressure is involved in the case of

26. In case of illegal agreements, the collateral agreements are:

27. Generally, the following damages are not recoverable?

28. A contract is discharged by novation which means the

29. Consideration must move at the desire of

30. Consent is not said to be free when it is caused by

31. A wrong representation when made without any intention to deceive the other party amounts to