Legal Aspects Of Business - Practice Test

[#616] Which of the following agreement is called a void agreement?

(A) Agreement in restraint of marriage

(B) Agreement which is expressed in writing and registered under the law for the time being in force for the registration of documents, and is made on account of natural love and affection between parties standing in a near relation to each other

(C) Agreement to compensate, wholly or in part, a person who has already voluntarily done something for the promisor, or something which the promisor was legally compellable to do

(D) Agreement made inwriting and signed by the person to be charged therewith or by his agent generally or specially authorized in that behalf, to pay wholly or in part debt of which the creditor might have enforced payment but for the law for the limitation of suits

Correct Answer

(A) Agreement in restraint of marriage

[#617] What is a pledge?

(A) The bailment of goods as security for payment of a debt or performance of a promise

(B) The delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the direction of the person delivering them

(C) A contract by which one party promises to save the other from loss caused to him by the contract of the promisor himself, or by the conduct of any other person

(D) A contract to do or not to do something, if some event, collateral to such contract, does or does not happen

Correct Answer

(A) The bailment of goods as security for payment of a debt or performance of a promise

[#618] Clauses in the Memorandum of Association of a company are: OR The total number of Clauses in the Memorandum of Association of a Company:

(A) 6

(B) 5

(C) 4

(D) 3

Correct Answer

(A) 6

[#619] A agreed to supply certain goods to B which to be procured from C's factory. Due to strike is C's factory, A could not supply the goods. The contract

(A) becomes void on account of impossibility

(B) becomes voidable on account of difficulty

(C) is discharged on account of impossibility

(D) is not discharged on account of impossibility

Correct Answer

(B) becomes voidable on account of difficulty

[#620] A contract of sale of goods includes

(A) Sale

(B) Agreement to sell

(C) Both A and B

(D) Neither A nor B

Correct Answer

(C) Both A and B

Legal Aspects Of Business - Study Mode

[#616] Which of the following agreement is called a void agreement?

Correct Answer

[#617] What is a pledge?

Correct Answer

[#618] Clauses in the Memorandum of Association of a company are: OR The total number of Clauses in the Memorandum of Association of a Company:

Correct Answer

[#619] A agreed to supply certain goods to B which to be procured from C's factory. Due to strike is C's factory, A could not supply the goods. The contract

Correct Answer

[#620] A contract of sale of goods includes

Correct Answer