1. S and P go into a shop, S says to the shopkeeper, C let P have the goods and if he does not pay you, I
will ― This is a
a) contract of guarantee
b) contract of indemnity
c) wagering agreement
d) quasi contract
2. In a sale, the property in goods
a) is transferred to the buyer
b) is yet to be transferred to the buyer
c) may be transferred at a future time
d) istransferred when goods are delivered to the buyer
3. If a sale is by sample as well as by description , the implied condition is that the goods shall
correspond with
a) sample
b) description
c) both sample and description
d) either sample or description.
4. In a sale , there is an implied condition on the part of the seller that he
a) has a right to sell the goods
b) is in possession of the goods
c) will have the right to sell
d) will acquire the goods
5. In case of a wrongful dishonour of a cheque by a banker having funds to the credit of the customer
,the court may award
a) ordinary damages,
b) nominal damages
c) exemplary damages
d) contemptuous damages.
6. An agreement is a voidable contract when it is
a) enforceable if certain conditions are fulfilled.
b) enforceable bylaw at the option of the aggrieved party.
c) enforceable by both parties d)not enforceable at all.
d) An agreement not enforceable by law is said to be
7. Acceptance may be revoked by the acceptor
a) at any time
b) before the letter of acceptance reaches the offerer
c) after the letter of acceptance reaches the offeree
d) before the death of the acceptor.
8. Consideration must move at the desire of
a) the promisor,
b) the promisee,
c) promisor or any other third party,
d) both the promisor and the promisee.
9. On attaining the age of majority a minor‘s agreement
a) can be ratified by him
b) cannot be ratified by him
c) becomes void
d) becomes valid.
10. When consent to an agreement is obtained by undue influence, the agreement is a
a) contract voidable at the option of the party whose consent was so obtained
b) void contract.
c) valid contract
d) void agreement.