CA Foundation Business Law MCQ

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

2. Ordinarily, a minor’s agreement is

3. Consideration in simple term means:

4. Generally, the following damages are not recoverable?

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

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

7. The threat to commit suicide amounts to

8. Consideration may be

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

10. An offer may lapse by-

11. An agreement enforceable by law is a

12. 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

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

14. Which of the following statement is true?

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

16. A contract is discharged by rescission which means the

17. A void agreement is one which is –

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

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

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

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

22. A contract is discharged by novation which means the

23. Moral pressure is involved in the case of

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

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

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

27. A proposal when accepted becomes a

28. Consideration must move at the desire of

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

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

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