Business Law mcqs

ALI AND ASAD ARE FRIENDS THEY BOTH MADE A SALES CONTRACT WITH SAFDAR. SAFDAR IS 17 YEARS OLD AND SO IS ASAD. AFTER THE DELIVERY ALI AND ASAD REFUSED TO PAY. AS THE CLAIMED THAT ASAD WAS MINOR AND CANNOT BE SUBJECTED TO SUCH LIABILITIES AND SAFDAR TOO IS A MINOR AND CANNOT BE ENTITLED TO SUCH PAYMENTS. THE CLAIM IS TRUE O False ASAD IS A 14 YEARS OLD BOY HE PAINTS PORTAITS AND SEL THEM ONLINE IN THE INTERNATIONAL E MARKET. BUT HE'S NOT LEGALLY ALLOWED TO DO SO O TRUE O FALSEBANK LEND A LOAN TO RIZ FOR BUYING A HOUSE. HE MORTGAGED THAT HOUSE WITH BANK FOR LOAN. HE COULD'NT PAY BACK THE LOAN. HE SECRETLY SOLD HIS HOUSE TO FARAZ, BANK TRIED TO TRACE RIZ BUT COULD'NT SO BANK APPROACHES FARAZ TO EITHER PAY THE AMOUNT OR OTHERWISE THE BANK WILL CEASE THE PROPERTY. BANK HAS EVERY RIGHT TO SO BY LAW. O TRUE O FALSE law is enforced by ---- to regulate people's conduct and protect their rights and properties. O judiciary O legislature O stateASLAM OFFERS TO BUY ASAD'S HOUSE FOR 80 LAKHS. ASAD MAKES ANOTHER OFFER OF 1 CRORE O THIS TERMINATES THE DEAL O THE COUNTER OFFER MADE IS INVALI O THE FIRST OFFER TERMINATES AND SECOND IS VALID IF ACCEPTED AHMED MADE AN OFFER TO ADNAN ON TELEPHONE. ADNAN HEARD THE OFFER AND CONVEYED ACCEPTANCE BUT DUE TO THE TECHNICAL DEFECT AHMED COULDNT HEAR HIM. WILL THAT LEAD TO THE FORMATION OF A CONTRACT AND IS IT BINDING ON ANY OF THE PARTYWILL ANY LEGAL OBLIGATION ARISE FROM THIS CONTRACT? O YES O NO