Description : Wagering Agreement is a _____________ agreement A. Valid B. Voidable C. Void D. Illegal
Last Answer : C. Void
Description : If in a contract, the time lapses and if the party fails to perform the contract within specified time the contract becomes (a) Voidable (b) Void (c) Illegal (d) Enforceable in the court
Last Answer : (a) Voidable
Description : A contingent contract is (a) Void (b) Voidable (c) Valid (d) Illegal
Last Answer : (c) Valid
Description : According to enforceability, the contracts may be classified as A. Valid contracts. B. Void contracts. C. Voidable contracts. D. All of the above.
Last Answer : D. All of the above.
Description : Voidable contract is one A. Which is lawful. B. Which is invalid. C. Which is valid as long as it is not avoided by the party entitled to do so. D. Which is unlawful.
Last Answer : C. Which is valid as long as it is not avoided by the party entitled to do so.
Description : Agreement the meaning of which is uncertain is (a) Void (b) Valid (c) Voidable (d) Illegal
Last Answer : (a) Void
Description : A contract which is impossible to perform is (a) Voidable (b) Void (c) Illegal (d) Enforceable
Last Answer : (b) Void
Description : A makes a contract with B to beat his business competitor. This is an example of (a) valid contract. (b) illegal agreement. (c) voidable contract. (d) unenforceable contract.
Last Answer : (b) illegal agreement.
Description : ………………. is forbidden by law. (a) Valid contract (b) Illegal agreement (c) Voidable contract (d) Unenforceable contract
Last Answer : (b) Illegal agreement
Description : A’ leases land to ‘B’ on condition that he shall walk a hundred miles in an hour. The lease is _________. a) valid b) void c) voidable d) legal Ans.(b)
Last Answer : b) void
Description : In case of void agreements, collateral transactions are A. Also void B. Unenforceable C. Not affected D. Illegal
Last Answer : A. Also void
Description : where in an auction sale, the seller appoints more than one bidder, the sale is a) illegal b)void c)conditional d)voidable
Last Answer : d)voidable
Description : A contract for the sale of “future goods is “ a) agreement to sell b)sale c) void d)voidable
Last Answer : a) agreement to sell
Description : In a house, there lives a family of 4. There is a father, a mother, an older sister, and a younger sister. One day, the father catches a disease. A week later, Death comes to take the ... will live until this candle burns out.' And Death agrees. However, Death never returns. Why not? -Riddles
Last Answer : The younger sister blew out the candle, so it didn't technically burn out. Then she threw away the candle so the family wouldn't mistakenly light it.
Description : A contract is made where: A. X agrees with Y to discover a treasure by magic. B. X bids at a public auction C. A takes a sea D. A sit in a public Omni bus.
Last Answer : D. A sit in a public Omni bus.
Description : When the contract is perfectly valid in its substance but cannot be enforced because of certain technical defects. This is called a/ an- (a) Unilateral Contract (b) Bilateral Contract (c) Unenforceable Contract (d) Void Contract
Last Answer : (c) Unenforceable Contract
Description : A minor was facing a criminal prosecution for smuggling drugs. He borrowed Rs. 5000 to hire an advocate to defend him in the court of law. What is the remedy available to the creditor if the ... the age of majority D. The creditor can recover his amount from the parent or guardian of the minor
Last Answer : A. The creditor cannot recover the amount from the minor since a contract with a minor is void ab initio
Description : Which of the following is false with respect to minor entering a contract? A. An agreement with or by a minor is void ab initio B. A minor can be a beneficiary of a contract C. The ... be enforced at the option of the third party D. A minor cannot ratify a contract on attaining majority
Last Answer : C. The contracts involving a minor as a beneficiary may be enforced at the option of the third party
Description : A Void Contract A. Is void from the very beginning? B. Enforceable at the option of both the parties. C. Enforceable at the option of one party D. Not enforceable in the court of law
Last Answer : D. Not enforceable in the court of law
Description : A contract is said to be discharged or terminated (a) When the rights and obligation are completed (b) When the contract becomes voidable (c) Both (a) & (b) (d) None of the above
Last Answer : (a) When the rights and obligation are completed
Description : Deepak, Ashwani and Tarun jointly promised to pay ` 90,000 to Pradeep. Deepak was compelled by Pradeep to pay the entire amount of ` 90,000. Here: A. Deepak can file a suit against Pradeep for ... to Deepak. D. Pradeep is not justified here and is liable to refund the entire amount to Deepak.
Last Answer : B. Deepak is entitled to recover ` 30,000 each from Ashwani and Tarun
Description : Pre incorporation contract is also known as _________ A. Provisional B. Preliminary C. Illegal D. Legal
Last Answer : A. Provisional
Description : …………….. is a one-sided contract in which only one party has to perform his promise or obligation. (a) Void contract (b) Illegal agreement (c) Unilateral contract (d) Bilateral contract
Last Answer : (c) Unilateral contract
Description : An agreement is a Voidable Contract when it is (a) Enforceable (b) Enforceable by Law at the option of the aggrieved party (c) Enforceable by both the parties (d) Not enforceable at all.
Last Answer : (b) Enforceable by Law at the option of the aggrieved party
Description : If in an instrument the amount undertaken or ordered to be paid is stated differently in figures and in words A. The instrument is void due to uncertainty B. The amount stated in figure shall be ... amount stated in words shall be the amount undertaken or ordered to be paid D. None of the above.
Last Answer : A. The instrument is void due to uncertainty
Description : The doctrine of _________ does not apply to acts void ab initio. A. Ultra virus B. Intra virus C. Constructive notice D. Indoor management
Last Answer : C. Constructive notice
Description : The orange juice manufacturers know that orange juice is most often consumed in the mornings. However, they would like to change this and make the drink acceptable for other time periods ... segmentation B. benefit segmentation C. occasion segmentation D. age and life-cycle segmentation
Last Answer : C. occasion segmentation
Description : Holt Company sells merchandise on account for $2,000 to Jones Company with credit terms of 2/10, n/30. Jones Company returns $400 of merchandise that was damaged, along with a check to settle the account within the discount ... the amount of the check? a. $1,960 b. $1,968 c. $1,600 d. $1,568
Last Answer : d. $1,568
Description : A Unit Price (UP) contract provides: 1. a reimbursement of allowable costs plus a fixed fee which is paid proportionately as the contract progresses 2. a reimbursement of allowable cost of services ... unit rates and the final price is dependent on the quantities needed to carry out the work.
Last Answer : 4. a fixed price where the supplier agrees to furnish goods and services at unit rates and the final price is dependent on the quantities needed to carry out the work
Description : A contract is made where: (a) A buys a book from a shop (b) X bids at a public auction. (c) X agrees with Y to discover a treasure by magic (d) Z agrees to attend the birthday party of his friend
Last Answer : (a) A buys a book from a shop
Description : When a ship enters a sea from a river (a) it rises a little (b) it sinks a little (c) it remains at the same level (d) it rises or sinks depending on the material it is made of
Last Answer : Ans:(a)
Description : When a ship enters a sea from a river (a) It rises a little (b) It sinks a little (c) It remains at the same level (d) It rises or sinks depending on the material it is made of
Description : A large ship can float but a steel needle sinks because of (a) Viscosity (b) Surface tension (c) Density (d) None of these
Last Answer : Ans:(d)
Description : When a ship enters the sea from a river (1) It rises a little (2) It sinks a little (3) It remains at the same level (4) It rises or sinks depending on the material it is made of
Last Answer : (1) It rises a little Explanation: On average, seawater in the world's oceans has a salinity of about 3.5% (35 g/L, or 599 mM). Seawater is denser than hot fresh water and pure water (density 1.0 g/ml) because the dissolved salts add mass without contributing significantly to the volume.
Description : That an Iron ship floats in water but an Iron ball sinks, is an example of - (1) Newton's second law (2) Pascal's law (3) Archimedes Principle (4) Dalton's law
Last Answer : (3) Archimedes Principle Explanation: The floating of an iron ship in water is an example of Archimedes principle. Archimedes' principle states that an object floats on water if the weight of the water ... . Since the average density of the ship as a whole is less than the density of water.
Description : When a ship enters the sea from a river (1) it rises a little (2) it sinks a little (3) it remains at the same level (4) it rises or sinks depending on the material it is made of
Last Answer : it rises a little
Description : In assessing the appropriateness of removing a suprapubic catheter, the nurse recognizes that the patient's residual urine must be less than which of the following amounts on two separate occasions ... urine that is greater than 100 cc indicates that the suprapubic catheter cannot be discontinued.
Last Answer : a) 100 cc If the patient complains of discomfort or pain, however, the suprapubic catheter is usually left in place until the patient can void successfully.
Description : ________ do not give the returns during the same period during which they are paid for A. Intangible assets B. Fixed assets C. Both (A) and (B) D. None of the above
Last Answer : B. Fixed assets
Description : If 6 years are subtracted from the present age of Anuj and the remainder is divided by 18, then the present age of his grandson Gopal is obtained.If Gopal is 2 years younger to Mohan whose age is 5 years, then what is the age of Anuj? A.44 B.60 C.80 D.92
Last Answer : Answer : B (60) Explanation - Let Anuj's age be X Gopal is 2 years younger than Mohan, so Gopal is 3 years (i.e 5 - 2 = 3) If Arun had born 6 years before, his age would had been X - 6. As per the ... as that of Gokul's age. i.e. (X - 6) /18= 3 X-6 =3 x 18 x = 60
Description : The credit terms offered to a customer by a business firm are 2/10, n/30, which means that a. the customer must pay the bill within 10 days. b. the customer can deduct a 2% discount if the ... date. d. two sales returns can be made within 10 days of the invoice date and no returns thereafter.
Last Answer : c. the customer can deduct a 2% discount if the bill is paid within 10 days of the invoice date.
Description : An egg sinks in soft water but floats in a concentrated solution of salt because – (1) Egg absorbs salt from the solution and expands (2) Albumin dissolves in salt solution and egg becomes lighter (3) The density of salt solution exceeds the density of eggs (4) Water has high surface tension
Last Answer : (3) The density of salt solution exceeds the density of eggs Explanation: Following the density principle, the density of the egg compared to the density of the tap water is lesser (the density principle ... and that is why an egg sinks in soft water but floats in a concentrated solution of salt.
Description : An egg sinks in soft water but floats in a concentrated solution of salt because (1) egg absorbs salt from the solution and expands (2) albumin dissolves in salt solution and egg becomes lighter (3) the density of salt solution exceeds the density of eggs (4) water has high surface tension
Last Answer : the density of salt solution exceeds the density of eggs
Description : Ethical universalism is defined as A. there being no universal set of ethical standards B. giving preference to one's own ethical values C. A set of universally accepted and valid ethical standards D. what is right is synonymous with what is legal E. moderation in all things
Last Answer : D. what is right is synonymous with what is legal
Description : If an instrument may be construed either as a promissory note or bill of exchange, it is A. A valid instrument B. An ambiguous instrument C. A returnable instrument D. None of the above.
Last Answer : A valid instrument
Description : Which of the following is not a legal requirement of a valid consideration? A. It must move at the desire of the promisor B. It must be lawful C. It must be real and not illusory D. It must be adequate
Last Answer : A. It must move at the desire of the promisor
Description : Illegal intrusion of a computer system without authorization of the owner or user is__________ A. Hacking B. Spam C. Phishing D. Spoofing
Last Answer : A. Hacking
Description : The consumers have an implied_____________ with the corporations A. Quasi Contract B. Social Contract C. Legal Contract D. None of the above
Last Answer : B. Social Contract
Description : The most influential theory of corporate responsibility of the past century is: A. The moral minimum model. B. The classical model. C. The social contract theory. D. The stakeholder theory.
Last Answer : B. The classical model.
Description : A firm that bases its price on how it thinks the competitors will price, rather than on its own costs or demand, to win a contract is most likely using A. Going-rate pricing B. Cost-plus pricing C. Perceived-value pricing D. Sealed-bid pricing
Last Answer : C. Perceived-value pricing