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1. S agrees to sing in M's theatre . S dies in the meanwhile the contract is

a. Voidb. Dischargedc. Voidabled. Illegal

2. Breach of contract can be of ____________ breach

A. Actualb. Anticipatoryc. Both A & Bd. None of the above

3. Minor can be an

a. Agentb. Partnerc. Suretyd. None of the above

4. Consideration can simply be explained as

a. Profitb. Incomec. Benefitd. Acceptance

5. Inadequacy of Consideration in a Contract

a. Will make it voidb. Will not Make it Voidc. Will make it illegald. Will make it wager

6. Legal relationship between the middleman and the businessperson is governed by

a. law of businessb. law of Suretyc. law of agencyd. None of the above

7. Person who is represented by the agent is called the

a. Principalb. Principlec. Middle mand. None of the above

8. The ______ does not usually get any rights or responsibilities under the Contract

a. Principalb. Agentc. Suretyd. None of the above

9. ___________ of the agent is to act on behalf of principal is must

a. Considerationb. Rulec. Intentiond. None of the above

10. What ever a person can do personally , he can do through an agent exemption to this is

a. Marriageb. Doctorc. Advocated. All of the above

11. Agent is specifically appointed by the principal for a particular task or a general function. This type of appointment is called as

a. Ratificationb. Expressc. Impliedd. Necessity

12. Ratification of an Agent can be done for a

a. Part of the contractb. Whole Contractc. Both a & bd.None of the above

13. Agency when it is ratified it must be communicated to the

a. Agentb. Principalc. Third Partyd. All of the above

14. Ratification can be done for the act which is done on behalf of

a. Agentb. Third partyc. Principald. All of the above

15. where it is assumed that the principal has authorized the person to act as his agent this type of Agency is created by

A. Ratificationb. Estoppelc. Implicationd. Express.

16. ______________ goods are a part of Future goods.

a. ascertainedb. unascertainedc. existingd. Contingent

17.______________________goods are the goods the acquisition of which by the seller may or may not happen.

a. ascertainedb. Contingentc. existingd. future

18. In a contract of sale, parties make certain statement which is called as

a. contractb. agreementc. promisesd. stipulations

19. In a contract of sale, parties make certain ____________ i.e., agree to certain terms.

a. contractb. agreementc. stipulationsd. promises

20. Condition as to Title is an example of

a. Implied warrantyb. Express conditionc. implied conditiond. Express warranty

21. Condition as to Quality or Fitness is an example of

a. Implied warrantyb. Express conditionc. Express warrantyd. implied condition

22. Condition as to wholesome is an example of

a. Implied warrantyb. Express conditionc. implied conditiond. Express warranty

23. Condition as to Merchantable Quality is an example of

a. Implied warrantyb. Express conditionc. Express warrantyd. implied condition

24. The goods are free from any charge or burden of 3rd party is an example of

a. Implied warrantyb. Express conditionc. Express warrantyd. implied condition

25. Warranty of Quiet Possession is an example of

a. Implied warrantyb. Express conditionc. Express warrantyd. implied condition

26. "It is not the seller's duty to point out defects of his own goods." This concept is also known as

a. Unfair Trade Practicesb. Caveat Emptorc. Buyer dutyd. Buyer Kingdom

27. "The buyer must inspect the goods to find out if they will suit his purpose" this concept is also known as

a. Caveat Emptorb. Let the buyer bewarec. Caution buyerd. None of the above

28. As per section 2(12), of the Sale of Goods Act, quality of goods include

A. State of goodsB. Conditions of goodsC. Both (a) and (b)D. None of above

29. The term "goods" in the sale of goods means

(a) specific goods only(b) ascertained goods only(c) ownership(d) subject matter.

30. Under section 2(6) of the Sale of Goods Act, 1930 'future goods' means

(a) goods which are not yet in existence(b) unascertained goods

(c) ascertained goods(d) specific goods

31. A stipulation in contract of sale with reference to goods which are the subject there of may be

a. A conditionb. A warrantyc. Both (a) and (b)d. None of above

32. Transfer of actionable claim(s) is governed by

a. The Transfer of Property Act, 1882b. The Sale of Goods Act, 1930

c. The Indian Contract Act, 1872d. all the above.