raa2018 Kitab.com BKitab - The Best Online Book One Click Away 9 inked Follow Us on: U/wwww.linkedin.com/company/3811095? Login/Sign-up + trk=tyahatrkinfo=tarid%3A1406622860028%2Ctas%3ADKItaMS SU URSSAS” Cforedhlescagatttveitedn/cf onan ee) Search Topic ct University (Upages/feedback) For any Query Give us a Missed Ca Upages/enquiry) 1 - 8600018036 /34 tall the Queries or Calls will be atten: Please be inform: [OME (/) /- SAVITRIBAI PHULE PUNE UNIVERSITY (/PAGES/ABOUTUNI Mcgs IBA PAGES/VIEWCOURSE/7) / SEMESTER 1 COMPLAINT & SUGC Unit MCQs ’ Topic All Topics v MCQs Part 1 1. Not Following the rules laid by the law is An excuse Not an excuse Punishment Offence 2 means offer + acceptance + Arrangement + Contract + Agreement + Validity bepsbitab,com/pagesiviewuni 257218 weraa2018 Kitab com 3. Contract means agreement + * Promise + Consensus + Enforceability by law * Persona 4. The two contracting parties must agree as regards the subject-matter of the contract at the same time &in the same sense is called as + Persona * Consensus-ad-idem + Reciprocal promise + Accepted proposal 5. There is essential element of contract. 3 5 9 1 0 6. Technical term of void contract is. * Voidable contract * Void-ab-initio * personam * Void agreement 7. Third party does not acquire any rights in case of, + Void agreement * Voidable contract + Executed contract. * Executor contract 8 is one the object of which is unlawful. * Void contract. + Wager. + Anillegal agreement. * Voidable contract. 10. proposal, when accepted becomes a . + Promise * Contract + Offer * Consensus bepsbitab,com/pagesiviewuni 257218 m8raa2018 Kitab com 11. The law relating to contracts is contained in the Indian contract act, + 1870 + 1871 + 1872 + 1873 12. The term is defined as a legal tie which imposes upon a definite person or persons the necessity of doing or abstaining from doing a definite act or acts. + Agreement + champerty + Obligation + Promise 13. According to validity, contract can be classified into. types. waun 14, According to formation, contract can be classified into. types. Run 15. According to performance, contract can be classified into types. RwNo 16. According to Execution, Contract can be classified into _types. Run 17. If the terms of a contract are expressly agreed upon between the parties at the time of formation of the contract, itis called as, . + Express contract + Executory contract + Implied contract + Express offer pstbkitacomipagesiviowuni 2577218 aneraa2018 Kitab com 18. A permits a coolie to put his luggage to a carriage. The contract comes into existence as soon as the coolle puts the luggage. So A has only to fulfill his part. This is an example for * Unilateral contract * Bilateral contract + Implied contract + Executed contract 19. The obligation of both the parties to the contract are pending at the time of formation of the contract is called as. * Wagering contract + Bilateral contract + Illegal contract + Unenforceable contract. 20. A contracts to pay Rs. 10,000 if Bs house is burnt. This is a . * Wagering contract * Contingency contract + Executory contract + Quasi contract 21. An advantage or benefit, moving from one party to the other is called as. : * Lawful consideration + Lawful object * Free consent + Illegal consideration. 22. Aagrees with B to put life into B's dead wife, the agreement is void as itis : + Impossible to perform. + Low capacity of the parties. + Illegal. + Fraud. 23. Performance of contract can be classified into. types. awNo 24, Attempted performance can be otherwise called as, . + Tender. + Estimation. pstbkitacomipagesiviowuni 2577218 aneraa2018 Kitab com * Quotation. * Discharge. 25. means passing over rights and liabilities from one person to another person. * Devolution. + Endorsement. * Passing the buck. + Escapism. 26. Promises which Form the consideration or part of the consideration for each other, are called + Reciprocal promise. + Reciprocal offer. * Reciprocal performance. + Consideration 27. Transfer of contractual rights & liabilities to a third party is called as + Devolution. + Assignment. + Endorsement. + Alternative course of action. 28. Termination contractual relations between the parties to a contract is called as . + Performance of contract. * Discharge of contract. * Winding up of contract. + None of the above, 29. Discharge of performance can be broadly classified into. categories. yore 30. Substitution of a new contract for the original contract is called as. : + Novation. + Rescission, * Alteration, + Remission. 31. ‘means intentional relinquishment of a right under the contract. + Waiver. pstbkitacomipagesiviowuni 2577218 a8raa2018 Kitab com + Wager. * Alteration. + Rescission. 32. Impossibility of performance can be classified into. categories awNs 33. IF any parties to the contract refuses or Fails to perform his part of the contract or by his act makes it impossible to perform his obligation under the contract is called as + Breach of contract. * Void contract. * Tender. + Novation. 34. ‘occurs when the party declares his intention of not performing the contract in prior. + Anticipatory breach of contract. + Actual breach of contract. + Discharge of contract. + Remission, 35. There are ways For actual breach of contract Bene 36. The technical term Quantum Meruit denotes + Performance of a contract. Quantity involved in contract. + Suit for specific performance. + Asmuch as earned. 37. When a contract has been broken, the injured party can recover from the other party such damages as naturally& directly arose in the course of things from the breach is called as. + Ordinary damages. * Special damages. * Vindictive damages. + Nominal damages. pstbkitacomipagesiviowuni 2577218 areraa2018 Kitab com 38. means a right not to perform obligation + Rescission, * Novation. * Quantum merit. + Punishment. 39, Damages which may reasonably be supposed to have been in the contemplation of both parties as he probable result of the breach of a contract is known as, * Ordinary damages. + Special damages. * Vindictive damages. + Nominal damages. 40. Damages in the nature of punishment is called as, + Special damages. + Exemplary damages. + Nominal damages. + Novation. 41. The court order to restrain a person not to do a particular activity is called as, + Quantum meruit. + Specific performance. + Injuction. + Novation 42. The aggrieved party in breach of contract has not suffered any loss by reason of the breach of contract, The damages recoverable by him is, + Payment of interest. * Ordinary damages. + Special damages. + Nominal damages. 43. A person should not be allowed to enrich himself unjustly at the expense of another is the principle of, Contingent contract. * Wagering contract. * Quasi contract. * Void contract. 44, Law of quasi-contract is also known as + Law of returns. pstbkitacomipagesiviowuni 2577218 me.ramos Kitab com + Law of restitution. + Law of repudiation. + Law of contract. 45. Section 68 to 72 of the Indian contract act deals with, ayes ‘46. Technical term exaequo-et-bono denotes. + Plantiff + Enrichment + As much as earned + Justice & fairness. 4T. Coercion involved the usage of. + Fraud * Misrepresentation * Undue influence + Allthe above 48. Responsibility of finder of goods under contract is + Indemnifier + bailee + Owner * Dispatcher 49. Mr. A, a tradesman, leaves goods at Mr. Bs house by mistake Mr. B treats the goods as his own. He is bound to pay for them to Mr. A. This is an example for obligation to pay for, + Non-gratuitous act * Gratuitous act * Coercion + Quantum merit 50. A contract which rises on the basis of coercion is called as. * Void contract * Voidable contract + Illegal contract + Lawful contract 51. Contingent contract is a pstbkitacomipagesiviowuni 2577218 aieramos Kitab com + Void Voidable + Valid Megat 52. A quasi- contract, + Isacontract. + Isan agreement. + Has only a legal obligation + Contingent contract 53, When an agreement is discovered to be void, any person who have received any advantage under such agreement, + |sbound to restore it + Isnot bound to return it * May retain it + Noneedto return 54. A minor has been supplied necessaries on credit. + He is not liable. + He is personally liable. + His estate is liable. + He is only personally liable. 55. A person who finds goods belonging to another and takes them into his custody, is subject to the same responsibility as a * Bailee + True owner + Thief * Agent 56. A finder of lost goods is a, + Bailer + Bailee + True owner + Thief 57. Quantum merit means, . + Anon-gratuitous promise + Animplied promise + Asmuch ass earned + Asmuch is paid pstbkitacomipagesiviowuni 2577218 ateramos Kitab com 58. The court may grant rescission was the contract is, Voidable at the option of plaintiff + Void + Unenforceable Megat 59. IF specific performance may be ordered by the court when, . + The contracts voidable. + Damages are an adequate remedy. + Damages are not an adequate remedy. * The contract is void. 60. Which OF The Following Best Describes As A Contract? + An Agreement In Writing + An Agreement Enforceable By Law. + An Agreement Between Buyer And Seller + An Agreement. 61. How Many Minimum Parties Are Required For An Contract? + Four + Three + Two + One 62. Which Relationship Plays Role As An Essential OF The Contract? * Legal + Illegal + Familiar + Business 63. When Both Parties Fulfil Their Respective Obligation It Is Called —? + Executed Contract + Executory Contract + Partly Contract, + Quasi Contract 64, Contract This Is Set Off At Option Of Any One Party Is_? + Void + Voidable + legal + Unlawful pstbkitacomipagesiviowuni 2577218 sareramos Kitab com 65. Obligation OF Two Parties Is Required In Which Type Of Contract? + Implied + Unilateral * Bilateral + Expressed 66. Person Who Accepts The Proposal Is? + Promisor + Promise + Party To Contract + Acceptor 67. The Price / Value Paid For The Contract Is Called As? + Remuneration Consideration * Duty + Amount 68. Consideration Can Be? + Past + Present + Future AILOF The Above. 69. Contract OF Agency Is Exception To The Rule In Contract OF? Offer And Acceptance Consideration + Agreement Void Contract 70. "Two Or More Parties Agree Upon Same Thing In Same Sense" Is Defined As ? + Consent + Free Consent * Agreement + Consideration 71, Which Is NOT The Condition For Consent To Be FREE? + Fraud + Mistake + Minority * Coercion pstbkitacomipagesiviowuni 2577218 seramos Kitab com 72. Promise That Form The Consideration Or Part Of Consideration For Each Other Are Called? + Mutual Promise + Concurrent Promise * Conditional Promise + Reciprocal Promise 73. When Rights And Obligations Created In Contract Come To An END It Is? + Set Off OF Contract * Discharge Of Contract * Cancellation Of Contract + Assignment OF Contract 74, "As Much As Is Earned” Is Referred To? * Injunction * Quantum Merult * Alteration + Consideration 75. Order Of The Court Asking To Abstain From Doing Something Refers To? * violability + Justice For Contract + Injuction * Gratitious Act 76. Contract By Which One Parties Promises To Save To The Other From Loss Caused To Him By The ‘Conduct Of Promiser Himself Or By Conduct Of Any Other Person Is Called As? * Contract of guarantee + Contract of indemnity * Contract of agency + Quasi contract 7. Following Guarantee Is When Given For Existing Debt or Obligation + Retrospective + Prospective * Constructive * Creative 78. Discharge Of Contract OF Surety From His Liability By + Revocation + Conduct * Principal Debtor + AILOF These pstbkitacomipagesiviowuni 2577218 waneraa2018 Kitab com 79, When A Person Is Denied From Truth Or Statement To Be Made Is Agency For? + Estoppel + Holding Out + Necessity * Tenancy 80. Which Agent Has Unlimited Power With Legal And Lawful Authority? + Special * General + Universal + Co Agent 81. Contract Where Agent Do Not Have Authority To Act On Behalf Of Principal And If Exceeded Makes No Binding On Principal Relates? + Ratification + Tantamount + Expressed Agency + Infringement 82. Who Act As An Middleman Between Buyer And Seller? + Factor * Broker + Auctioneer + Sub Agent 83. Clearing Agent Is Appointed For? + Clearing OF Goods + Cleaning OF Goods + Selling OF Goods * Export or Import OF Goods 84, Renunciation Of Business Of Agent Leads Towards? Continuation Of Agency Contract + Termination Of Agency Contract. Holding OF Agency Contract Legal Action By Court 85, Recover The Damages Is Duty Of Principal Towards ? + Himself * Agent + Third Party pstbkitacomipagesiviowuni 2577218 saeraa2018 Kitab com + Importer Or Exporter ‘86. Stoppage In Transit Of Goods Can Be Done By Which Person + Principal + Agent + Middleman + Broker 87. Buyer Means * Who Buys Or Agrees To Buy + Exchanges The Goods + Pays For The Contract + Party To The Sale Of Goods 88. Transfer Of Property Or Ownership Is Required In? + Contract Act + Partnership Act + Negotiable Instrument Act + Sale Of Good Act 89. Situation Where Only Transfer OF Possession Takes Place And Not Of Ownership + Sale + Hire Purchase + Bailment + Agreement To Sale 90. Stipulation To The Main Purpose Of Contract ? * Condition + Warranty + Agency Contract + Mortgage 91. Sale By Sample And Description Refers With + Implied Condition + Implied Warranty + Expressed Condition + Expressed Warranty 92. Nemo Dat Quo Dot No Habet Is Similar With ? + Transfer OF Title And Ownership + Transfer OF Goods + Transfer OF Custody Of Goods bepsbitab,com/pagesiviewuni 257218 sane.raa2018 Kitab com + Transfer Of Possession 93. Caveat Emptor Is? + Let The Agent Beware + Let The Principal Beware + Let The Buyer Beware + Let The Seller Beware ‘94. What Is Right Give By Either Buyer Or Seller To Hold And Use With Possession of Goods? + Doctrine OF Estoppels + Hindrances In Contract + Quiet Possession * Disclosed Possession 95. Which Delivery Is Related When Holder Inform To buyer to Take Possession Of Goods from a particular person or a particular location? + Actual + Symbolic + Constructive * Designed 96. Seller Is To Be Unpaid When? + Whole Or Part Is Remained To Be Paid + Part Is Remained To Be Paid * Goods Are Not Delivered + Value OF Contract Is Not Decided. 97. Cancellation Of Contract Of Sale Before Due Date Is? Suit For Price Suit For Conjunction + Out OF Court Settlement + Repudiation OF Contract 98, Public Bid And Offer For Sale Is Called Is? + Auction + Hire * Delivery Of Goods + Out Bid 99. In Auction Sale Which Party Has A Reserved Rite + Buyer * Auctioneer pstbkitacomipagesiviowuni 2577218 518raa2018 Kitab com + Auctioneer + Seller 100. Injunction Is What Form Form For The Contract? + Set Aside OF Contract + Breach OF Contract * Violation OF Contract + Agreement To Sell 101. Which Contract States About The Happening Or Non Happening Of An Particular Event? * Wagering Contract Contingent Contract + Agency Contract Sale Of Goods Contract 102. Who Haves the Right OF Subrogation? + Principal Debtor * Creditor + Co Surety + Agent 103. Indemnity Contract Means? + Save From Loss Caused By Promisr Or Any Other Person + Save From Loss Caused By Promisor Only + Save From Loss Caused By Third Party + Save From Loss Caused By Promiser, Promiser Or Third Party 104, Preserve The Right And Liability Of Finder OF Goods Is Constituent OF? + Right of Resale + Agreement to Sale * Quasi Contract * Contract OF Guarantee 105. In Agency Contract The Relationship Between Parties Are? + Expressed + Implied + Expressed And Implied + Not Necessary 106. Define "Delivery Of Goods "? + Transfer OF Possession OF Goods From One Person To Another + Legally Transfer Of Possession Of Goods From One Person To Another eptbt.comipagestiowuni'257218 ‘arteraa2018 Kitab com + Compulsorily Transfer Of Possession Of Goods From One Person To Another + Voluntary Transfer OF Possession OF Goods From One Person To Another 107. Withhold the Delivery Is Right Given To? + Principal and Agent + Unpaid Seller * Guarantor * Surety 108. Sale Of Goods Act Is Passed In The Year? + 1930 +1931 1932 + 1933 109, An Agreement Enforceable By Law Is Called As? + Agreement To Sell + Contract + Offer + Acceptance Pagetof1 « » News (U/pages/newsupdates) MBA SEM 3, MCQ Available! 301, 302, 303 Subjects Available Now! Soon others will be displayed! 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