Business Law mcqs

FARAH MAKES A HIGHEST BID FOR ALI'S GOODS 1 point IN AN AUCTION , BUT FARAH REALISE THAT SHE MADE A BID WAY TOO HIGHER THAN SHE SHOULD HAVE, SHE WITHDRAWS HER BID BEFORE THE FALL OF THE HAMMER, THIS OFFER WAS O IRREVOKABLE O VOID O VOIDABLE O NONE OF THE ABOVE WILLIE OFFERED TO SELL A FARM TO HUGO FOR 1 point 10 MILLION HUGO OFFERED 9.5 MILLION WILLIE REFUSED THE OFFER , SUBSEQUENTLY HUGO OFFERED 10 MILLION. HELD THERE WAS NO CONTRACT DUE TO? O SUBSEQUENT ILLEGALITY O CROSS OFFER O NO FREE WILL O NONE OF THE ABOVEA contract in which the consent of one party is 1 point missing and is enforceable by law at the option of both the parties is called O void contract O voidable O void agreement Option 4 O none of the above HADI AND ALI MADE A SALES CONTRACT. HADI 1 point IS RICH MAN AND OWNS ALOT OF ASSETS . ALI SUPPLIED SOME NECESSARIES TO HADI. BUT AT THE TIME OF PAYMENT HADI REFUSED AND CLAIMED THAT DUE TO OVER DOSE OF DRUGS HE COULDN'T UNDERSTAND WHAT HE WAS DOING AND THATALI CANNOT LEGALLY CLAIM ANY PAYMENT FOR NECESSARIES. HADI'S CLAIM IS O TRUE O FalseSUNNY IS AN ORPHAN AND MINOR. HE AND HIS 1 point CUSTODIAN ARE WAITING FOR HIS 18TH BIRTHDAY , WHICH IS ON 6TH JUNE. SO THAT HE BE LEGALLY ELIGIBLE FOR SELLING OUT HIS PROPERTY. O TRUE O False A CONTRACT WHICH IS AN OBLIGATION BY 1 point LAW, BOUND BY MORALITY IS CALLED O unenforceable contract O wagering agreement O quasi agreement O NONE OF THE ABOVERIZWAN MADE AN OFFER THROUGH A LETTER 1 point TO AZHAR TO PROVIDE HIM WITH 400 UNITS OF OFFICE FURNITURE. THIS OFFER IS COMPLETED AND COMMUNICATED O WHEN RIZWAN WROTE IT O WHEN RIZWAN POSTED IT O WHEN AZHAR RECIEVES IT AZAN OFFERS FAHAD ON A TELEPHONE CALL 1 point THAT HE WANTS TO SELL HIS CAR TO FAHAD FOR 6 LAKHS . FAHAD AGREES TO THE OFFER. ITS A -_ CONTRACT O EXECUTED CONTRACT O VOIDABLE O IMPLIED CONTRACT O NONE OF THE ABOVEHIRA MADE AN OFFER TO SANA FOR BUSINESS 1 point PARTNERSHIP. SANA WROTE AN ACCEPTANCE LETTER TO HIRA.HIRA DIDNT RECIEVED THE LETTER ACCEPTANCE AS IT WAS MISPLACED BY THE POST OFFICE. WILL THIS CONTRACT BE BINDING ON HIRA BY LAW? YES O No NAILA TOOK PART INTO A LOCAL QUIZE 1 point CONTEST ARRANGED BY A PRIVATE FIRM. WHERE SHE WAS ASKED A FEW QUESTIONS. SHE ANSWERED THEM RIGHT AND QUALIFIED INTO 2ND ROUND WHERE ALL THOSE WHO ANSWERED CORRECTLY WOULD BE QUALIFIED FOR A LUCKY DRAW. LUCKILY HER NAME WAS ANNOUNCED IN THE DRAW AND SHE WON THE PRIZE. SINCE THE PRIZE WAS BASED ON HER IQ IT WAS A VALID TRANSACTION BY LAW O TRUE O FALSE