Question:

In social agreements usual presumption is

A.

that parties do not intend to create social relations.

B.

that parties intend to perform them.

C.

that parties do not intend to make legal and social relations.

D.

that the parties do not intend to create legal relations between them.

Answer» d. that the parties do not intend to create legal relations between them.

Question:

Who is responsible for ethical behavior?

A.

Lecturers and Supervisors

B.

The Psychologist

C.

The Participants

D.

The psychological Community

Answer» b. The Psychologist

Question:

One of the following is not a negotiable instrument. Identify the same.

A.

Share certificate

B.

Bill of Exchange

C.

Cheque

D.

Promissory note

Answer» a. Share certificate

Question:

Ankit agrees to pay Bina ₹1500 if it rains today, otherwise Bina pays Ankit ` 2000. Thisis a

A.

Gambling

B.

Wagering agreement

C.

Valid agreement

D.

Speculation

Answer» b. Wagering agreement

Question:

Which of the following agreement is wagering agreement under the Indian ContractAct, 1872?

A.

Crossword competition involving application of skill and knowledge.

B.

Contract of Insurance.

C.

A promise to pay B ` 1,000 if it rains on Monday.

D.

A agrees to pay B `1,000 if he marries C.

Answer» c. A promise to pay B ` 1,000 if it rains on Monday.

Question:

In which of the following cases, the claim of Quantum Meruitarise

A.

When there is no breach of contract

B.

When a contract is discovered to be valid

C.

Where something has been done non gratuitously

D.

Where the contract is divisible

Answer» d. Where the contract is divisible

Question:

Under Payment of Wages Act, 1936, deduction on account of payment tocooperative societies shall not be more than

A.

50% of wages

B.

75% of wages

C.

90% of wages

D.

60% of wages

Answer» b. 75% of wages

Question:

The minimum paid-up capital for a Public company is:

A.

` 3lakhs

B.

` 4lakhs

C.

` 5lakhs

D.

None of the above

Answer» d. None of the above

Question:

Which of the following agency is irrevocable under The Indian Contract Act, 1872?

A.

Agency for fixed period

B.

Agency for single transaction

C.

Agency coupled with interest

D.

Continuing agency

Answer» c. Agency coupled with interest

Question:

Where the endorser does not want that the endorsee or any other holder to incur anyexpense on his account is called

A.

Restrictive endorsement

B.

Sans frais endorsement

C.

Conditional endorsement

D.

Unwanted endorsement

Answer» b. Sans frais endorsement