Business Law mcqs
ALI WANTED TO REVOKE HIS OFFER BEFORE HE 1 point RECIEVES ACCEPTANCE FROM THE OTHER PARTY. HE WROTE REVOCATION LETTER. REVOCATION WILL COMMUNICATED WHEN O WHEN ALI POSTS THE LETTER AFTER RECIEVING THE ACCEPTANCE LETTER WHEN ITS POSTED AFTER OTHER OFFER IS O RECIEVED AND BEFORE ACCEPTANCE LETTER O THE OTHER PARTY RECIEVES THE LETTER O NONE OF THE ABOVE HARIS OFFERED RIDA TO SELL HIM HER 5 MARLA 1 point PLOT FOR 90 LAKH RIDA ACCEPTS THE OFFER BUT LATER ON SHE REALIZE THAT THE OFFER IS NOT GOOD ENOUGH AND SHE CAN GET A BETTER OFFER. HOW CAN SHE COMMUNICATE REVOCATION O WRITE A REVOCATION LETTER AND POST IT WRITE A REVOCATION LETTER POST IT O AND IF RECIEVED AFTER ACCEPTANCE LETTER THE REVOCATION IS COMPLETE WRITE REVOCATION LETTER POST IT AND O IF RECIEVED BEFORE ACCEPTANCE LETTER REVOCATION IS COMPLETESARA IS 20 YEARS OLD. HER PARENT PASSED 1 point AWAY AN YEAR AGO. SHE WANTS TO PURCHASE SHARES OF A FIRM BUT COULD'NT AS AN ORPHAN SHE'S STILL MINOR. O TRUE O False HARIS IS INTETRESTED IN NAILA'S PROPERTY. 1 point NAIL SOLD HER PROPERTY TO FIZZA , THAT'S WHY HARIS SUED NAILA FOR NOT SELLING HER PROPERTY TO HIM AND INSTEAD SELLING IT TO FIZZA. WHAT IS THE LEGAL STATUS OF THIS LAW SUIT NAILA'S ACT IS CONSIDERED AS A O FRAUDULENT ACT AND HARIS CLAIM IS CORRECT O NAILA WILL LOOSE THE CASE BECAUSE OF HER BREACH OF THE CONTRACT HARIS WILL LOOSE THE CASE BECAUSE OF O HIS LAME LAW SUITE O NONE OF THE ABOVEUNTIL THE LETTER OF ACCEPTANCE REACHES 1 point THE OFFEROR THE CONTRACT REMAINS O VOID AT OPTION OF OFFERROR O VOID AT OPTION OF OFFEREE O VOID AT THE OPTION OF ACCEPTOR O VOIDABLE AT THE OPTION OF ACCEPTOR FURQAN OFFERED A PURCHASE OF 10 UNITS 1 point OF 10 UNITS OF MACHINERY FROM ASAD BUT BEFORE ASAD COULD ACCEPTS THE OFFER ASAD PASSED AWAY. IS THE LEGAL REPRSENTATIVE OF ASAD BOUND TO ACCEPT OR IGNORE THE OFFER O YES HE MUST O No HE CANNOT O NONE OF THE ABOVETHE OFFEREE IS NOT BOUND BY THE LETTER 1 point OF TILL IT REACHES THE OFFERROR O REVOCATION O ACCEPTANCE O OFFERANCE O ALL OF THE ABOVE A OFFERED TO BUY A BYCYCLE FROM B AND 1 point REQUESTED HIM TO SEND ACCEPTANCE BY THE PERSON WHO BROUGHT THE ORDER . B SENT HIS ACCEPTANCE BY POST. HELD A IS BOUND BY THE ACCEPTANCE O TRUE O FalseSARA AND FATIMA MAKES A CONTRACT OF SALE OF FATIMA'S GOLD JEwELRY. SARA OFFERS A PRICE QUOTE , FATIMA ACCEPTS . BOTH DECIDES A DATE OF PAYMENT AND DELIVERY. AT THE DAY OF DELIVERY FATIMA FINDS OUT THAT HER JEWELRY Is MISSING AND STOLEN. IN THE ABOVE MENTIONED CASE THE CONTRACT WAS __________ O A VALID CONTRACT O VOIDABLE CONTRACT O VOID CONTRACT O VOID AGREEMENT AN AGREEMENT WHICH IS MADE TO HELP THE PERFORMANCE OF ANY WAGERING AGREEMENT IS ALSO INVALID AND ANY AGREEMENT WHICH IS MADE TO HELP THE PERFORMANCE OF AN AGREEMENT IS A COLLATERAL AGREEMENT
