CA Foundation Business Law MCQ

CA Foundation Business Law MCQ

1. Consideration in simple term means:


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


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


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


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


6. Consideration must move at the desire of


7. 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


8. Which of the following statement is false?


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


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


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


13. A contract is discharged by rescission which means the


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


15. The threat to commit suicide amounts to


16. Generally, the following damages are not recoverable?


17. An agreement enforceable by law is a


18. Ordinarily, a minor’s agreement is


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


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


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


22. Which of the following statement is true?


23. Consideration may be


24. A contract is discharged by novation which means the


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


26. A proposal when accepted becomes a


27. Moral pressure is involved in the case of


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


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


30. An offer may lapse by-


31. A void agreement is one which is –


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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