Legal Aspect of Business-Indian Contract Act, 1872 [NTA-NET (UGC-NET) Commerce (08)]: Questions 1 - 4 of 17
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Question 1
Appeared in Year: 2019
Question MCQ▾
General offer is accepted by? (June)
Choices
Choice (4) | Response | |
---|---|---|
a. | Offeror himself | |
b. | General public at large | |
c. | Anybody fulfilling the conditions of the offer | |
d. | Only by some specific people |
Question 2
Appeared in Year: 2019
Question Assertion-Reason▾
Assertion(Ꭺ)
Agreement without consideration is always valid. (June)
Reason(Ꭱ)
All contracts are agreements but all agreements are not contracts.
Choices
Choice (4) | Response | |
---|---|---|
a. | Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ | |
b. | Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ | |
c. | Both Ꭺ and Ꭱ are false | |
d. | Ꭺ is false but Ꭱ is true |
Question 3
Appeared in Year: 2019
Question MCQ▾
Arrange the following in order of their manifestations: (June)
(1) Offer
(2) Acceptance
(3) Breach of Contract
(4) Contract
Choose the correct option from the following:
Choices
Choice (4) | Response | |
---|---|---|
a. | (1) , (2) , (3) and (4) | |
b. | (2) , (3) , (4) and (1) | |
c. | (1) , (4) , (3) and (2) | |
d. | (1) , (2) , (4) and (3) |
Question 4
Appeared in Year: 2019
Question MCQ▾
The indemnity holder is not entitled to (December Evening 6thShift)
Choices
Choice (4) | Response | |
---|---|---|
a. | All costs that he may be compelled to bear in defending any such suit | |
b. | All damages which he may be compelled to pay in any suit in respect of any matter to which the promise applies | |
c. | Damages for the liability incurred which is not absolute | |
d. | All sums that he may have paid under the terms of any compromise of such suit |