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CA Foundation Business Law MCQ

CA Foundation Business Law MCQ

1. A contract is discharged by rescission which means the

 
 
 
 

2. Which of the following statement is true?

 
 
 
 

3. 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

 
 
 
 

4. A contract is discharged by novation which means the

 
 
 
 

5. Consideration must move at the desire of

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

9. Consideration in simple term means:

 
 
 
 

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

 
 
 
 

11. Consideration may be

 
 
 
 

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

 
 
 
 

13. An offer may lapse by-

 
 
 
 

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

 
 
 
 

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

 
 
 
 

16. A proposal when accepted becomes a

 
 
 
 

17. Ordinarily, a minor’s agreement is

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

23. Moral pressure is involved in the case of

 
 
 
 

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

 
 
 
 

25. A void agreement is one which is –

 
 
 
 

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

 
 
 
 

27. Generally, the following damages are not recoverable?

 
 
 
 

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

 
 
 
 

29. An agreement enforceable by law is a

 
 
 
 

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

 
 
 
 

31. The threat to commit suicide amounts to

 
 
 
 


Questions given in the test on our website is completely free and you can solve it unlimited time. These are CA foundation Business Law MCQ questions.

If you are looking for study material issued by ICAI on CA Foundation Business Law, check out the link given below:-

Study Material – Paper-2: Sec-A – Business Laws – Relevant from November, 2019 examination onwards

Study Material – Paper-2: Sec-B: Business Correspondence and Reporting

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