Foundation PN-1 Fundamentals of Business Laws & Business Communications Quiz 4

1. A Share Certificate is a —

2. Under Sec.2(4) of the Sale of Goods Act, a delivery order enabling a person to obtain delivery on payment of price is :

3. Transfer of documents of title to the goods sold to the buyer, amounts to :

4. ”Nemo dat quad non habet”, means:

5. The general rule of Sale of Goods Act is, risk prima facie passes with :

6. Appropriation of goods means :

7. In case of appropriation of goods, which are the essential requirements:

8. A telephonic acceptance is complete when the offer is

9. Which one of the following has the correct sequence?

10. A contractor entered into an agreement with Government to construct a godown and received advance payments for the same. He did not complete the work and the Government terminated the contract.

11. A contracts to sing for B at a concert for ₹ 1,000 which are paid in advance. A is too ill to sing. Which of the following options is correct?

12. A person contracted to deliver a part of a specific crop of potatoes. The potatoes were destroyed by blight though no fault of the party. The contract is

13. A paid ₹500 to a Government servant to get him a contract for the canteen. The Government servant could not get the contract. Can A recover ₹500 paid by him to the Government servant?

14. A borrows from B ₹500 to bet with C. Can B recover the amount of his loan?

15. A borrows ₹ 5,000 from B to purchase a revolver to shoot C. Can B recover his loan of ₹5,000.

16. A and B agree that law of limitation shall not apply to them. A debt becomes time barred and A refuses to pay the amount. Can B recover the amount under the terms of the agreement?

17. A and B agree to deal in smuggled goods and share the profits. A refuses to give B’s share of profit. In this case:

18. Rajeev entered into a contract with Lata to marry her on a fixed date. However, before the marriage date. Rajeev went mad. With reference to the Indian Contract Act which is the valid response?

19. A, a Hindu already married with a living wife B, enters into a marriage agreement with a widow of 30 years of age. This agreement is :

20. A promised B to obtain an employment for him in a public office. B promised to pay ₹2,000 to A for this. B gets a job through A but refuses to pay the money. A can :

21. A promised to marry B and none else and promised her to pay a sum of ₹5,000 in addition to what he gets from the other party if he marries someone else. A marries C and gets ₹10,000 from C. B can get from A :

22. A purchases B’s business of selling neckties in Delhi. A can restrain B from :

23. A promises B not to carry on a similar business as that of B if B pays him a certain amount. B pays the money but A continues to carry on the business. B can :

24. X promises to supply Y one tola of gold brought from the sun. This is :

25. X leaves a firm doing a particular business in Delhi. He agrees with other partners of the firm not to start a similar business as that of the firm in Delhi for 2 years. This agreement is :