CA Foundation Business Law MCQ

1. An offer may lapse by-

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

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

4. Consideration may be

5. A contract is discharged by novation which means the

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

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

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

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

10. A void agreement is one which is –

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

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

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

14. A contract is discharged by rescission which means the

15. A proposal when accepted becomes a

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

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

18. Which of the following statement is true?

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

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

21. Moral pressure is involved in the case of

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

23. The threat to commit suicide amounts to

24. Generally, the following damages are not recoverable?

25. Consideration in simple term means:

26. Ordinarily, a minor’s agreement is

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

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

29. Consideration must move at the desire of

30. An agreement enforceable by law is a

31. 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