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PAPER 3: FUNDAMENTALS OF LAWS AND ETHICS 50_MCQ part 6

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Question;1.;Errorincausameans;(a) Absenceofconsent;(b) Absenceoffreeconsent;(c) Presenceofmistake;(d) Absenceofmistake;2.;Errorinconsensusmeans;(a) Absenceofconsent;(b) Absenceoffreeconsent;(c) Presenceofmistake;(d) Absenceofmistake;3.;Unlawfulagreementscomprise;(a) Illegalagreements;(b) Immoralagreementsonly;(c) Agreementsopposedtopublicpolicyonly;(d) Alltheagreementsmentionedabove;4.;Theperiodoflimitationforsimple;contractinIndiais;(a) 2years;(b) 3 years;(c) 6 years;(d) 8 years;5.;Theexceptionstotherulethatanagreement;inrestraintoftrade;isvoid,arecontained;in;(a) TheprovisionsofSec.27oftheContract Actonly;(b) Secs.11,36,54 and55 ofthepartnership;Actonly;(c) BoththeabovementionedprovisionsoftheContract;Act&PartnershipActrespectively;(d) Noneoftheaboveprovisions;6.;Acontracttotradewithan;enemyis;(a) animmoralagreement;(b) avalidagreement;(c) anagreementopposedtopublicpolicy;(d) anenforceableagreement;7.;Anagreementtosharetheemoluments ofa publicofficeis;(a) Void;(b) Voidable;(c) Valid;(d) Defective;8.;Anagreement, the objectofwhichistoprocure;apublicpost,is;(a);Void;(b) Voidable;(c);Valid;(d);Defective;9.;UnderwhichsectionofIndian;ContractAct,agreementsofwager;arevoid?;(a) Section28;(b) Section29;(c) Section30;(d) Section27;10.;Anagreementinrestraint;ofparentalrights;is;(a) Void;(b);Valid;(c);Voidable;(d);Defective;11.;Anagreementwillbeunlawfulif;(a) Thereisnoconsent;(b) Consentisnotfree;(c) Thereisnoconsideration;(d) Theobjectisforbiddenbylaw;12.;Anagreementinrestraint;ofmarriageis;(a) Voidable;(b) Void;(c) Valid;(d) Illegal;13.;Anagreementinrestraint;oftradeis;(a) Voidable;(b) Valid;(c) Void;(d) Illegal;14.;Awageringagreementis;(a) Voidable;(b) Void;(c) Valid;(d) Illegal;15.;Acontractofinsuranceisa;(a) Contractofguarantee;(b) Contractofindemnity;(c) Wageringagreement;(d) Contingentcontract;16.;Ina wagering agreement;(a) Boththepartieswin;(b);Boththepartiesloose;(c);Noneoftheparties;wins;(d);Onepartywinsandtheotherlooses;17.;Whichoneofthefollowingstatementsiscorrect?;(a) Voidagreementsarealways;illegal;(b) Illegalagreementsarevoidable;(c) Illegalagreementcanberatified;bytheparties;(d) Illegalagreementsarealwaysvoid;18.;Whichoneofthefollowingisnota wagering;agreement?;(a) Alottery;(b) Anagreementtobuyaticketforalottery;(c) Commercialtransaction,theintentionofwhichisnottodeliverthegoodsbutonlytopaythedifferenceinprice;(d);Acontractofinsurance;19.;Awagering agreementinIndiais;declaredbytheContract;Actas;(a);Illegalandvoid;(b);Voidbutnotillegal;(c);Voidableattheoptionoftheaggrieved;party;(d);Immoral;20.;Whichoneof thefollowingisavoid agreement?;(a) Anagreementwithoutconsideration;(b) Anagreementinrestraintofmarriage;(c) Anagreementinrestraintoftrade;(d) Alloftheabove;21.;Agreementtodoan impossibleacthasbeendeclared;(a);Void;(b);Voidable;(c);Enforceable;(d);Noneofthese;22.;Agreementinrestraintofmarriage;hasbeendefinedin;(a);Section23;(b) Section24;(c);Section25;(d);Section26;23.;Anagreementwhichrestricts;aperson'sfreedomtomarryortomarryanypersonofhischoiceisagainstpublic;policy andis;(a);Lawful;(b);Illegal;(c) Void;(d);Noneofthese;24.;Anagreementofservice;underwhichanemployeeagreesthathewillservea particularemployerfora;certaindurationand thathewillnotserveanybody;elseduring thatperiod;isa;(a) Validagreement;(b) Voidagreement;(c) Illegalagreement;(d) Noneofthese;25.;If theseller agrees tosupplyallthegoods;produced byhimtoacertain;buyerandtonobodyelse,and thebuyeralso,inturnundertakes;toacceptthewhole;of thequantity, theagreementis;(a) Voidagreement;(b) Solusagreement;(c) Illegalagreement;(d) Noneofthese;26.;Section28oftheIndianContract;Act,speaksabout;(a) Agreementinrestraintoflegalproceedings;(b) Agreementinrestraintoftrade;(c) Agreementinrestraintofmarriage;(d) Noneofthese;27.;Ambiguousand uncertainagreementsaredefinedin;(a) Section26;(b) Section27;(c) Section28;(d) Section29;28.;Ifanagreement;suffersfromany;uncertainty,itis;(a) Voidable;(b) Void;(c) Unenforceable;(d) Noneofthese;29.;Ifthecontractisimpossibleinitself;physically orlegallytheagreementis;(a) Voidcontract;(b) Voidable;(c) Voidabinitio;(d) Noneofthese;30.;Iftheconsiderationorobjectofanagreement;isregardedbythecourttobeimmoral;oropposedtopublic;policy.Theagreement;is;(a) Void;(b) Voidable;(c) Unenforceable;(d) Noneofthese;31.;M,whoisadealerinmustard oilonly,agrees;toselltoN'500litresof;oil'.Thisagreement;is;(a) Validcontract;(b) Voidcontract;(c) Voidablecontract;(d) Unenforceablecontract;32.;AandBagreethatAshallpay`1000forwhichBshallafterwardsdelivertoaneitherriceorsmuggledopium.;Inthiscase;(a) Thefirstagreementisvoidandthesecondvoidable;(b) Thefirstisvoidableandthesecondisvoid;(c) Thefirstisvalidand thesecondisvoid;(d) Thefirstisvoidandthesecondisvalid;33.;AagreestoselltoBa'hundred;tonsofoil'.Thereisnothing;whatevertoshowwhatkindofoilwasintended.Theagreement;is;(a) Valid;(b) Voidforuncertainty;(c) Voidable;(d) Illegal;34.;AagreestoselltoB'mywhitehorsefor`500or`1,000'.Thereisnothingtoshowwhichofthetwopriceswastobegiven.Theagreementis;(a) Valid;(b) Void;(c) Voidable;(d) Unenforceable;35.;Agreementsbetweenahusbandandwifelivinginfriendly environmentare;(a) Validcontracts;(b) Avoidcontracts;(c) Domesticarrangements;(d) Voidablecontract;36.;Apromised to marry none else thanMissB andindefaulttopayherasumof`1,000. Subsequently;Amarried;MissCandMissBsuedforrecovery of`1,000.The;contractis;(a);Valid;(b);Void;(c);Voidable;(d);Enforceable;37.;ApromisesBtopay`100ifitrainsonMonday,andBpromisesAtopay`100ifitdoesnotrainonMonday.Thisagreementis;(a);avalidagreement;(b);avoidableagreement;(c) awageringagreement;(d);anillegalagreement;38.;PengagesB tokillCand;borrows`100fromD;to;payB.IfD isawareof the purposeof theloan, thetransactionis;(a) Valid;(b) Void;(c) Illegal;(d) Notenforceable;39.;Aleaves afirmdoingaparticular businessin Mumbai. Heagrees withtheotherpartners;ofthe firmnottostartasimilarbusinessas;thatofthefirm;inandaroundMumbaifor3years.;Thisagreementis;(a);Valid;(b);Immoral;(c);Illegal;(d);Void;40.;A,whilefilling;uptheinsuranceapplicationform,stateshisageas25believing;ittobetrue.Hisactualagewas27.TheLifeInsurance;Corporationissuedapolicyinhisfavourcharging;alowerpremiumthanwhatitshouldhave;charged ifthe actualagehad beengiven.This isa;caseof;(a) Fraud;(b) Misrepresentation;(c) Undueinfluence;(d) Mistakeoffact;41.;B,havingdiscoveredaveinoforeontheestateofA,adoptsmeans;toconceal,anddoesconceal,theexistenceoftheorefromA.OwingtoA'signoranceBisenabled;tobuytheestateatalow-price.Thecontract;is;(a) Valid;(b) Void;(c) Voidableattheoptionof A;(d) Invalid;42.;BletacabinonhiretoPaprostitute,knowing;thatitwouldbeusedforimmoralpurposes.Theagreementis;(a) Enforceable;(b) Valid;(c) Voidable;(d) Void;43.;AentersintoanagreementwithB;whohasrobbed Aof`10,000todrop prosecutionagainsthim (B)inconsiderationofB'sreturning;`8,000.AfterwardsB refused topay.AcangetfromB;(a)`8,000;(b)`100;(c);Nothing;(d);`10,000plusdamages;44.;AagreeswithB todiscovertreasurebymagicfora considerationof`500.Thisis;(a);Avoidagreement;(b) Avoidcontract;(c);Avalidagreement;(d);Anunenforceablecontract;45.;X,atailor,employed;Yashisassistant;underanagreementthatY,onterminationofhisemploy-mentshallnotstartthebusiness;ofatailor.;Thisrestraintis;(a) Void;(b) Valid;(c) Illegal;(d) Voidable;46.;XleavesafirmdoingaparticularbusinessinDelhi.HeagreeswithotherpartnersofthefirmnottostartasimilarbusinessasthatofthefirminDelhifor2yea`Thisagreementis;(a) Void;(b) Valid;(c) VoidableatX'soption;(d) Invalid;47.;XpromisestosupplyY;onetola ofgoldbroughtfromthesun.Thisis;(a) avalidcontract;(b) anillegalcontract;(c) avoidagreement;(d) avoidableagreement;48.;ApromisesBnottocarryonasimilarbusiness;asthatofBifBpayshimacertainamount.;Bpaysthemoney but;Acontinuestocarry on;thebusiness.B can;(a);Donothing;(b);CompelAtostopthebusiness;(c);Gethimimprisonedforfraud;(d);SueAfordamages;49.;ApurchasesB'sbusinessofselling;necktiesinDelhi.;Acanrestrain;Bfrom;(a);Doingthebusiness;ofsellingneckties;againinhislife;(b);Doinganybusiness;inDelhi;(c);Doingthebusiness;ofsellingneckties;inDelhi foralimited;period;(d);Noneoftheabove;50.;ApromisedtomarryBandnoneelseandpromisedhertopayasumof`5000inadditiontowhathegetsfromtheotherpartyifhemarriessomeoneelse.AmarriesCandgets`10,000fromC.BcangetfromA;(a)`15,000;(b)`10,000;(c) Nothing;(d) `15,000plusdamages

 

Paper#59034 | Written in 18-Jul-2015

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