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CA Foundation Business Law MCQ

CA Foundation Business Law MCQ

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

 
 
 
 

2. Consideration may be

 
 
 
 

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

 
 
 
 

4. A contract is discharged by novation which means the

 
 
 
 

5. A contract is discharged by rescission which means the

 
 
 
 

6. Generally, the following damages are not recoverable?

 
 
 
 

7. A void agreement is one which is –

 
 
 
 

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

 
 
 
 

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

 
 
 
 

10. Which of the following statement is true?

 
 
 
 

11. A proposal when accepted becomes a

 
 
 
 

12. An agreement enforceable by law is a

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

17. Ordinarily, a minor’s agreement is

 
 
 
 

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

 
 
 
 

19. Consideration in simple term means:

 
 
 
 

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

 
 
 
 

21. Consideration must move at the desire of

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

25. 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

 
 
 
 

26. The threat to commit suicide amounts to

 
 
 
 

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

 
 
 
 

28. An offer may lapse by-

 
 
 
 

29. Moral pressure is involved in the case of

 
 
 
 

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

 
 
 
 

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

 
 
 
 


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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