Partners of Firm MCQ

Competitive Exams, Entrance Exams are conducted on MCQ. Click HERE to understand the Forms, Structure, Rules of MCQ, techniques of understanding, analysing and selection correct answer of MCQ, Play the Video explaining some interesting aspects of selection of correct answer of MCQ. Complete resources on Partnership Act Complete resources on Partners of Firm Partners of…

Partnership Firm-mcq

Now a days, most of the Competitive Exams, Entrance Exams are conducted on MCQ.  Click HERE to understand the Forms, Structure, Rules of MCQ, techniques of understanding, analysing and selection correct answer of MCQ Play the Video explaining some interesting aspects of selection of correct answer of MCQ Complete resources on Partnership Act Complete resources…

Partnership Business-mcq

Now a days, most of the Competitive Exams, Entrance Exams are conducted on MCQ.  Click HERE to understand the Forms, Structure, Rules of MCQ, techniques of understanding, analysing and selection correct answer of MCQ Play the Video explaining some interesting aspects of selection of correct answer of MCQ Complete resources on Partnership Act Complete resources…

Free Consent – Multiple Choice Questions

1. “Consensus-ad-idem” means:a. General consensusb. Reaching of contractc. Reaching an agreementd. Meeting of minds upon the same thing in same sense“Consensus-ad-idem” means that the two or more persons agree upon the same thing in the same sense. Hence, option (d) is the correct answer. 2. A contract made by mistake of law of land about…

Void Agreements – Multiple Choice Questions

1. Which of the following is Void Contract ?a. Agreement the meaning of which is certainb. Agreement with unlawful considerationc. Contract entered under coerciond. Agreement with inadequate consideration, if inadequacy is not supported by free consent Agreements the consideration or object of which is unlawful is considered as Void Contract. Hence, option (b) is the…

Capacity to Contract – Multiple Choice Questions

1. A minor can do which of the following things ?a. Plead minorityb. Can act as an agentc. Enter contract of apprenticeshipd. All of the above A minor can always plead minority, can act as an agent and may be appointed as apprentice attaining 14 years of age. Hence, option (d) is the correct answer….

Breach of Contract – Multiple Choice Questions

1. The remedies open to a person, aggrieved from breach of contract are:a. Suit for Damagesb. Suit for Injunctionc. Suit upon Quantum Meruitd. All of these When a contract is broken, the injured party can sue for damages, injunction and sue upon Quantum Meruit. Hence, option (d) is the correct answer. 2. Robert, a popular…

Performance of a Contract – Multiple Choice Questions

1. Pritam of Bangalore entered into a contract with Vishal Mishra of Rajasthan for supply of liquor. Later, the Government imposed prohibition. Pritam could not supply the liquor to Vishal Mishra due to prohibition by Government.Vishal Mishra of Rajasthan sued Pritam of Bangalore for specific performance and damages.Which of the following statements is/are true? (a)…