Business Law S.Y.B.COM MCQ PDF

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YOUYUBE: SURAJ PATEL EDUCATION

S.Y.B.COM

BUSINESS LAW

SEMESTER - III -  MCQs

 Part 2 Link Click Here

https://www.surajpateleducation.com/2020/12/business-law-sybcom-mcq-importance.html 


 

1.    An agreement enforceable at law is ______________

a.    Agreement

b.    Offer

c.    Promise

d.    Contract

ANS: D

 

2.    Contract which is made by words spoken or written or both is called ___________ contract

a.    Quasi

b.    Express

c.    Declaration

d.    Simple

ANS: B

  

3.    An offer made to public and where anyone can accept it is known as ________________

a.    Cross

b.    Counter

c.    General

d.    Specific

ANS: C

 

4.    _________________ is also called as proposal.

a.    Offer

b.    Consideration

c.    Indemnity

d.    Bailor

ANS: A

 

5.    Consideration to a contract moves at the desire of ______________

a.    Businessman

b.    Promisor

c.    Minister

d.    Valuer

ANS: B

 

6.    An agreement with a minor is ___________

a.    Valid

b.    Void

c.    Desirable

d.    Difficult

ANS: B

 

7.    A minor is a person below ______________

a.    14 years

b.    16 years

c.    18 years

d.    22  years

ANS: C

 

8.    An intoxicated a person is _____________

a.    of sound mind

b.    of unsound mind

c.    smart mind

d.    No mind

ANS: B

 

9.    Consideration in a contract ____________________

a.    must be present only

b.    must be future only

c.    may be past, present or future

d.    may be past and future only

ANS: C

 

10. A finder of lost goods is a ______________

a.    Bailor

b.    bailee

c.    Thief

d.    True owner

ANS: B

 

11. E-contract is formed in ______________form.

a.    Simple

b.    Forged

c.    Electronic

d.    Binding

ANS: C

  

12. A contract of indemnity is a _______________-

a.    Contingent Contract

b.    Quasi Contract

c.    Substitute Contract

d.    Wagering Contract

ANS: A

 

13. Mistakes can be of _____________

a.    Indian Law

b.    Anything

c.    Disqualified persons

d.    Men & Women

ANS: A

 

14. Ignorance of ___________ is no excuse

a.    Consent

b.    Law

c.    Misrepresentation

d.    Fraud

ANS: B

 

15. A' agrees to find treasure for 'B' by magic. The agreement is _____________

a.    Valid

b.    Void

c.    Voidable

d.    Nonsense

ANS: B

 

16. Discharge of Contract means ____________

a.    termination of contract

b.    postponing of contract

c.    temporary injunction

d.    discharge of parties

ANS: A

 

17. During Bailment, bailee is required to take _____________ care of the goods bailed.

a.    monetary

b.    reasonable

c.    unreasonable

d.    sensible

ANS: B

 

18. The goods which have been identified and agreed by the parties are _____________

a.    Specific

b.    Damaged

c.    Unascertained

d.    Deliverable

ANS: A

 

19. The Sale of Goods Act is of ______________

a.    1903

b.    1923

c.    1930

d.    2020

ANS: C

 

20. The doctrine of Caveat Emptor means ___________

a.    Seller has title

b.    Buyer Beware

c.    Breach of Trust

d.    Secondary Condition

ANS: B

 

21. Condition as to wholesomeness is applicable to _______________

a.    Eatables

b.    Clothes

c.    Electronic goods

d.    Industrial goods

ANS: A

 

22. There are ___________ implied conditions in a contract of sale

a.    Six

b.    Eight

c.    Seventeen

d.    Zero

ANS: B

 

23. Doctrine of Caveat Emptor places burden on the _____________

a.    Third party

b.    Seller

c.    Buyer

d.    Government

ANS: C

 

24. The term property in Sale of Goods Act refers to _____________

a.    Ownership

b.    Possession

c.    Real Estate

d.    Government Office

ANS: A

 

25. Maturity of the instrument is the date on which the instrument is _______

a.    Noted

b.    Due

c.    Made

d.    Dishonoured

ANS: B

 

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1)    https://www.surajpateleducation.com/2021/04/business-economics-sybcom-sybcom.html

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1)    https://www.surajpateleducation.com/2021/04/foundation-course-mcq-with-answers.html

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4)    https://www.surajpateleducation.com/2020/12/foundation-course-sybcom-mcq.html

 

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1)    https://www.surajpateleducation.com/2021/03/company-law-sybcom-mcq-pdf.html

2)    https://www.surajpateleducation.com/2021/02/company-law-mcq-questions-and-answers.html

3)    https://www.surajpateleducation.com/2020/12/company-law-mcq-pdf.html 

 

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https://www.surajpateleducation.com/2020/12/Management-Accounts%20-S.Y.B.COM-IMPORTANCES-MCQ-PDF.html

 

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1)    https://www.surajpateleducation.com/2020/12/business-law-sybcom-mcq-importance.html

2)    https://www.surajpateleducation.com/2020/12/business-law-sybcom-mcq-pdf.html

 

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https://www.surajpateleducation.com/2020/12/financial-account-sybcom-mcq.html

 

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https://www.surajpateleducation.com/2020/12/commerce-sybcom-mcq-pdf.html

 

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