B.COM – BANKING AND INSURANCE 18 UBI 308 - BUSINESS LAW K1 - LEVEL UNIT – 1 SECTION - A MULTIPLE CHOICE QUESTIONS – K1 LEVEL 1. Law of contract in India is contained in a) The Indian Contract Act 1872 b) The Indian Contract Act 1972 c) The Indian Contract Act 1930 d) The Indian Contract Act 1932 2. The Indian Contract Act applies to : a) Whole of Indian expect the State of Jammu and Kashmir b) Whole of India including the State of Jammu and Kashmir. c) Whole of India except Goa, Daman, Diu d) Whole ...
Group II BUSINESS Law Paper – I Fundamental Principles of Law of Contract and Allied Laws Sample Multiple Choice Questions Put (√) across the right option 1. Promises which form the consideration or part of the consideration for each other are called as ------------------ 1. Mutual promises 2. Reciprocal promises 3. Promises 4. Written Promises 2. Performance of the conditions of a proposal, or the acceptance of any consideration for a reciprocal promise which may be offered with a proposal, is an ------------------- of the proposal 1. Acceptance 2. Mutual Acceptance 3. Written Acceptance 4. Reciprocal Promise 3. All ...
CA Inter Law Test Marathon – Test 6 CORPORATE AND OTHER LAWS CA Intermediate Test Series – July 2020 Chapter 10 – Contract Act Chapter 12 – General Clauses Act 1. The question paper comprises two parts, Part I and Part II. 2. Part I comprises Multiple Choice Questions (MCQs). 3. There is no requirement to give any reasoning for MCQs. 4. Part II comprises questions which require descriptive type answers. 5. Duration of the examination is 1 hour. ______________________________________________________________________________________ PART – I (7 MCQs x 1 marks each = 7 marks) Q1: A, B and C, as sureties for ...
Practice Questions Introduction to Law & Economics Answers in Red Multiple Choice 1. The optimal number of murders is zero. (a) Yes; (b) No, because of enforcement costs; (c) No, because murder could be justifiable; (d) None of the above. 2. The court makes serious errors in measuring the injurer’s care level. Hence, (a) A rule of strict liability is preferred; (b) A rule of negligence is preferred; (c) A rule of no liability is preferred; (d) A rule of contribution is preferred. 3. The victim’s care determines the accident risk. Hence, (a) A rule of strict ...
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