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Foundation Law Paper Quiz 2

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Created on By CA Sonal Saboo

CMA Foundation

Foundation Law Paper 1 Quiz 2

This quiz is based on the CMA Law paper.
Each question is multiple-choice with 4 options, and only 1 option is correct.
Attempt the quiz to test your understanding of CMA law concepts.

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Category: Business Laws Paper 1

1. The exceptions to the rule that an agreement in restraint of trade is void, are contained in :

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Category: Business Laws Paper 1

2. Unlawful agreements comprise :

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Category: Business Laws Paper 1

3. The validity of contract is not affected by :

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Category: Business Laws Paper 1

4. To prove undue influence, the plaintiff has to prove that:

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Category: Business Laws Paper 1

5. In Indian Contract Act, the term consensus ad idem means :

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Category: Business Laws Paper 1

6. When both the parties to an agreement are under a mistake as to a matter of fact essential to an agreement, the agreement is:

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Category: Business Laws Paper 1

7. For a valid contract :

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Category: Business Laws Paper 1

8. If both the parties to a contract believe in the existence of a subject, which in fact does not exist, the agreement would be :

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Category: Business Laws Paper 1

9. A person is deemed to be in a position to dominate the will of another if he:

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Category: Business Laws Paper 1

10. If a party stands in a fiduciary relation to the other:

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Category: Business Laws Paper 1

11. Misrepresentation means:

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Category: Business Laws Paper 1

12. Factors vitiating consent are:

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Category: Business Laws Paper 1

13. Consider the following:

  1. Active concealment of fact.
  2. Promise made without any intention of performing it.
  3. Breach of duty which gains an advantage to the person committing it.
  4. Inducing mistakes as to subject matter. Which of the above amount to fraud?

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Category: Business Laws Paper 1

14. A contract which is vitiated by undue influence is declared as which one of the following by the Indian Contract Act?

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Category: Business Laws Paper 1

15. A’ threatened to commit suicide if his wife did not execute a sale deed in favour of this brother. The wife executed the sale deed. This transaction is:

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Category: Business Laws Paper 1

16. While obtaining the consent of the promisee, keeping silence by the promisor when he has a duty to speak about the material facts, amounts to consent obtained by:

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Category: Business Laws Paper 1

17. With regard to the contractual capacity of a person of unsound mind, which one of the following statements is most appropriate?

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Category: Business Laws Paper 1

18. A telephonic acceptance is complete when the offer is :

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Category: Business Laws Paper 1

19. An offer does not lapse if the :

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Category: Business Laws Paper 1

20. A catalogue of the goods of a company for sale ….. a series of offers but only an invitation for offers.

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Category: Business Laws Paper 1

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

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Category: Business Laws Paper 1

22. The difference between an advertisement for sale and a proposal is :

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Category: Business Laws Paper 1

23. Voidable contract is one :

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Category: Business Laws Paper 1

24. The ancient Indian courts can be evided into six categories based on their rank as :

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Category: Business Laws Paper 1

25. The Appellate court for National consumer disputes redressal communication tribunal is

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