Fundamentals of Law GK online MCQ practice set

Q21. Cheque is a—

A. Promissory note
B. Bill of exchange
C. Both (A) and (B)
D. None of the above

Q22. A contract stands discharged

A. by performance of the contract.
B. by breach of the contract
C. by agreement and novation
D. all of the above

Q23. The maturity of a promissory note or bill of exchange is the date

A. at which it falls due
B. of its presentation
C. of its acceptance
D. none of the above

Q24. Where the parties to a contract have agreed that a certain sum of money would be paid incase of breach of contract, the court will ensure that

A. the exact amount mentioned in the contract is paid to the injured party.
B. an amount not exceeding the stipulated amount is awarded.
C. reasonable compensation not exceeding the amount stipulated is award

Q25. — days grace period is allowed for payment of a Cheque.

A. 0
B. 3
C. 2
D. 7

Q26. A foreigner

A. is competent to enter into contract if he fulfills the conditions of section 11.
B. is not competent to enter into contract.
C. can enter into contract with permission of Central Govt.
D. can enter into contract with the permission of court.

Q27. An agreement to sell is

A. an executory contract.
B. an executed contract.
C. Neither (A) or (B)
D. Sometime (A) or (B)

Q28. Cross offer does not constitute a contract because

A. there is no acceptance.
B. there is implied acceptance.
C. crossing implies cancellation.
D. it amounts to counter offer.

Q29. Whether a stipulation is a condition or a warranty depends on

A. the construction of the contract.
B. the conduct of the parties.
C. the trade custom.
D. the local law.

Q30. The communication of an acceptance is complete as against the acceptor

A. when it is posted by him.
B. when it is put in the course of transmission.
C. when it comes to the knowledge of the proposer.
D. None of the above

Q31. A contractor had to supply the army charpoys in certain quantities by instalments. He failed to supply the requisite number and even after that breach the instalment of charpoys was received by army authorities. Meanwhile, the work orders were however cancelled. The orders cancelling the work order were

A. valid
B. void
C. without authority
D. contractor could claim damages

Q32. In a Book depot a catalogue of book enlisting the price of each book and specifying the place where the particular book is available is

A. an invitation to offer.
B. an offer.
C. an invitation to visit the book shop.
D. None of the above

Q33. Voluntary transfer of possession from one person to another is called as

A. Ownership
B. Delivery
C. Gift
D. License

Q34. A valid consideration includes,

A. executed or executory consideration.
B. past consideration.
C. inadequate consideration.
D. All of the above

Q35. The term ‘Unpaid Seller’ includes

A. Buyer’s agent to whom the Bill of Lading is endorsed.
B. Buyer’s agent to whom the goods have been delivered.
C. Seller’s agent to whom the Bill of Lading is endors

Q36. In India, a person who is stranger to the consideration

A. can sue on the contract, if he is a party.
B. cannot sue the contract.
C. depends on the parties.
D. depends on the circumstances.

Q37. S sells certain goods to B of Bomba y. The goods are handed over to the railways for transmission to B. In the meantime, B sells the goods to a third party T for consideration without the consent of S. B becomes insolvent. In this case–

A. S has the right of stoppage in transit.
B. S has lost his right of stoppage in transit.
C. Station Master has the right of stoppage in transit.
D. None of the above

Q38. M is minor, B, the borrower, approaches M for a loan on the basis of a mortgage of the house owned by B. Hence, M advances the money and B executed a mortgage in favour of M, a minor. In these circumstances

A. the mortgage is not enforceable by M, because he is a minor.
B. the mortgage is enforceable but only when he attains majority.
C. the mortgage is enforceable by M even though he is minor.
D. None of the above

Q39. “Threatening to commit certain acts forbidden by Indi an Penal Code” is asso ciated with which one of the following?

A. Misrepresentation
B. Fraud
C. Coercion
D. Unenforceable

Q40. A contract to trade with an enemy is

A. an immoral agreement.
B. a valid agreement.
C. an agreement opposed to public policy.
D. an enforceable agreement.