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essentials business law
Business Law 2nd Edition Tejpal Sheth - Solutions
Which of these are not opposed to public policy?(i) Trading with enemy. (iii) Compromise of compoundable offences.(ii) Stifling prosecution. (iv) Agreement to commit a crime.
Any agreements to solve picture puzzles are(i) wagering agreements. (iii) void agreements.(ii) not wagering agreements. (iv) voidable agreements.
An athletic competitions are valid because they are(i) games of skill. (iii) game of luck.(ii) just games. (iv) all of the above.
Which of the following is not a feature of a wagering agreement?(i) Chances of gain or loss.(ii) Uncertainty of future event.(iii) Neither party have control over future event.(iv) Neither parties should have an interest in the event.
A void agreement is(i) not punishable. (iii) prohibited.(ii) punishable. (iv) illegal.
All void agreements are always(i) illegal. (iii) enforceable.(ii) valid. (iv) none of the above.
All illegal agreements are(i) void ab initio. (iii) voidable.(ii) valid. (iv) enforceable.
A promised to pay an extra ` 5000 to B if the horse he purchased from B proved to be lucky. The promise is(i) valid. (iii) voidable.(ii) void. (iv) enforceable.
An agreement is void, if the meaning of such agreement is(i) not certain. (iii) either (i) or (ii).(ii) not capable of being made certain. (iv) neither (i) nor (ii).
An agreement between two parties to refer to arbitration for any dispute between them is valid(i) if any party wishes so. (iii) either (i) or (ii).(ii) if it is in writing. (iv) neither (i) nor (ii).
An agreement not to enforce any legal remedy or enforce the right is(i) valid. (iii) voidable.(ii) void. (iv) unenforceable.
An agreement with the employees to serve the organization for a few years after training is(i) voidable. (iii) unenforceable.(ii) void. (iv) valid.
A service agreement where an employee agrees that he will not service anybody else during service period is a(i) valid agreement. (iii) illegal agreement.(ii) void agreement. (iv) unlawful agreement.
When two companies enter into a joint venture agreement, the agreement is(i) opposed to public policy. (iii) either (i) or (ii).(ii) void. (iv) neither (i) nor (ii).
Trade combination agreements like opening and closing of business ventures, licensing of traders, supervision and control of dealers are(i) void. (iii) voidable.(ii) valid. (iv) immoral.
In which of the following agreements, restraint of trade is valid?(i) Agreement with buyer of goodwill.(ii) Trade combinations not opposed to public policy.(iii) Partnership agreements.(iv) All of the above.
The agreement to create monopoly is(i) valid. (iii) illegal.(ii) void. (iv) wagering.
Which of the following agreements are void?(i) Agreements to do impossible acts. (iii) Both (i) or (ii).(ii) Illegal agreements. (iv) Neither (i) nor (ii).
Which of the following agreements are valid?(i) Uncertain agreements. (iii) Agreements to do impossible events.(ii) Wagering agreements. (iv) None of the above.
A, B and C enter into an agreement for sharing the money obtained by fraud. This agreement is(i) valid. (iii) void.(ii) wagering. (iv) voidable.
Consideration and object of an agreement is unlawful if it(i) is fraudulent. (iii) is impossible.(ii) is possible. (iv) all of the above.
Which of the following is incorrect?(i) An agreement to create monopoly is void. (iii) Both of the above.(ii) An agreement to defraud others is unlawful. (iv) None of the above.
Consideration and object of an agreement is unlawful if it(i) would defeat the provisions of any law. (iii) is fraudulent.(ii) creates injury to the person (iv) all of the above.
Consideration and object of an agreement is unlawful if it(i) is forbidden by law. (iii) either (i) or (ii).(ii) would defeat the provisions of any law. (iv) neither (i) nor (ii).
An uncertain agreement is neither valid nor void. Comment. (Ref. Para-5.15)
Write a short note on an uncertain agreement. (Ref. Para-5.15)
What are the rules regarding the enforcement of a contingent contract. (Ref. Para-5.14)
What are the essential elements of a contingent contract? (Ref. Para-5.13)
What is a contingent contract? Give suitable example. (Ref. Para-5.12)
Collateral transaction to an illegal agreement also becomes illegal. Explain. (Ref. Para-5.11)
No action is allowed on an illegal agreement. Comment. (Ref. Para-5.11)
What are the effects of an illegal agreement? (Ref. Para-5.11)
What is an illegal agreement? (Ref. Para-5.11)
What is the difference between a wagering agreement and a contingent contract? (Ref. Para-5.10)
Wagering agreements do not cover insurance contracts. Comment. (Ref. Para-5.9)
Distinguish between a wagering agreement and an insurance contract. (Ref. Para-5.9)
Transactions incidental to wagering agreements are not void. Comment. (Ref. Para-5.8)
What are the effects of a wagering agreement? Where a wagering agreement is considered illegal? (Ref. Para-5.8)
Write a short note on wagering agreement. (Ref. Para-5.6,5.7,5.8)
How will you decide about the enforceability of agreements which are unlawful in parts? (Ref. Para-5.5)
An agreement in restraint of legal proceedings is altogether void. Comment. (Ref. Para-5.4)
When is an agreement in restraint of trade valid? (Ref. Para-5.3)
Explain the exceptions of an agreement in restraint of trade. (Ref. Para-5.3)
What is public policy? Write any seven agreements that are considered opposed to public policy? (Ref. Para-5.3)
What do you understand by the term ‘trafficking public office’. (Ref. Para-5.2)
Every agreement in restraint of marriage of any person is void. Discuss. (Ref. Para-5.2)
Explain in brief-maintenance agreement and champerty agreement. (Ref. Para-5.2)
Enumerate the agreements which have been expressly declared void by the Indian Contract Act. (Ref. Para-5.1,5.2)
Under what circumstances an object or a consideration of a contract deemed unlawful? Give examples. (Ref. Para-5.1)
The husband asks his wife that he would commit suicide, if she does not give him her ornaments.The wife gives the ornaments.(i) The contract can be avoided by the wife. (iii) The husband can enforce the contract.(ii) The contract is void. (iv) Both (ii) and (iii).
A, intending to deceive B, falsely represents that 500 bags are made daily at his factory, and thereby induces B to buy the factory. The contract is(i) voidable at the option of B. (iii) void.(ii) voidable at the option of A. (iv) none of the above.
The fiduciary relations means the relationship of(i) trust and confidence. (iii) none of the above.(ii) master and servant. (iv) both (i) and (ii).
Undue influence is a kind of(i) mental coercion. (iii) both (i) and (ii).(ii) physical coercion. (iv) none of the above.
Threat to detain property in unlawful manner amount as(i) fraud. (ii) coercion. (iii) mistake. (iv) all of the above.
Threat to commit suicide amounts to i. fraud iii. undue influence ii. coercion iv. offence under IPC.(i) i and ii (ii) ii and iii (iii) iii and iv (iv) ii and iv
Bilateral mistake may relate to(i) subject matter. (iii) neither (i) nor (ii).(ii) possibility of performance. (iv) both (i) and (ii).
An old illiterate man was made to sign a bill of exchange, by means of a false representation that it was a guarantee. The contract is(i) illegal. (ii) valid. (iii) void. (iv) voidable.
When one of the parties is under a mistake as to a matter of fact essential to the agreement, it is called(i) unilateral mistake. (iii) partial mistake.(ii) bilateral mistake. (iv) incomplete mistake.
.......... is an erroneous belief about something.(i) Representation (ii) Mistake (iii) Fraud (iv) Misrepresentation
Which of the following are essential features of misrepresentation?(i) Representation should be of a material fact.(ii) It must be made before the conclusion of the contract.(iii) There should not be an intention to deceive the other party.(iv) All of the above.
For a marriage contract, the relatives speaking for the girl failed to disclose that she was suffering from epileptic fits. In this case, engagement is voidable on account of(i) fraud. (iii) undue influence.(ii) misrepresentation. (iv) none of the above.
The important element which distinguishes mispresentation from fraud is that the misrepresentation is an(i) intentional statement. (iii) important statement.(ii) innocent statement. (iv) irrelevant statement.
In cases of silence amounting to fraud, where the other party had the means of discovering truth with ordinary diligence, the contract is(i) void. (ii) voidable. (iii) not voidable. (iv) conditional.
When the contract is entered into by fraud, it is(i) void. (ii) valid. (iii) invalid. (iv) voidable.
In which of the following situations. silence is regarded as fraud?(i) Having regard to the circumstances, if it is the duty of the person to speak.(ii) In cases where silence by itself is equivalent to speech.(iii) Both (i) and (ii).(iv) Neither (i) nor (ii).
Which of these does not constitute fraud?(i) Suggestion as a fact, of something which is not true, by a person who does not believe it to be true.(ii) Active concealment of a fact.(iii) Innocent statement, honestly believing the same to be true.(iv) Promise made without any intention of performing
Fraud means(i) suggestion as a fact, of something which is not true, by a person who does not believe it to be true.(ii) active concealment of a fact.(iii) promise made without any intention of performing it.(iv) all of the above.
To employ ‘Undue Influence,’ relationship between the parties is(i) necessary. (ii) not necessary. (iii) required. (iv) presumed.
Which of the following relationships raise presumption of undue influence?(i) Doctor and patient.(ii) Solicitor and client.(iii) Trustee and beneficiary.(iv) All of the above.
Which of the following relationships raise presumption of undue influence?(i) Parent and child (iii) Spiritual guru and disciple(ii) Guardian and ward (iv) All of the above
The agreement entered into without free consent is(i) valid. (ii) void. (iii) voidable. (iv) illegal.
................. means unfair use of one’s superior power in order to obtain the consent of a person, who is in a weaker position.(i) Coercion (ii) Undue influence (iii) Fraud (iv) Misrepresentation
Duress under English contract law is similar to(i) undue influence. (ii) coercion. (iii) fraud. (iv) misrepresentation.
A threatens to kill B, if B does not agree to sell his property to A. B’s consent is obtained by(i) fraud. (ii) undue influence. (iii) coercion. (iv) misrepresentation.
Coercion includes(i) threat to life. (iii) detain goods unlawfully.(ii) threat to detain property. (iv) all of the above.
................. means forcibly compelling a person to enter into a contract.(i) Intimidation (ii) Fraud (iii) Mistake (iv) Coercion
Two persons are said to consent(i) when they agree on any thing.(ii) when they agree upon the same thing in their own way.(iii) when they agree upon the same thing in the same sense.(iv) when they agree upto the same thing in different sense.
Consent means parties agreeing on(i) the terms of contract. (iii) the same thing in the same sense.(ii) some terms of contract. (iv) any matter of contract.
Distinguish between unilateral mistake and bilateral mistake. (Ref. Para-4.18)
Write a short note on bilateral mistake. (Ref. Para-4.17)
Unilateral mistake means the contract is valid. Critically evaluate this statement. (Ref. Para-4.17)
Explain various kinds of mistakes with suitable examples. (Ref. Para-4.17)
What are the similarities between fraud and misrepresentation. (Ref. Para-4.16)
Distinguish between fraud and misrepresentation. (Ref. Para-4.15)
What will be the effect of misrepresentation on a contract? (Ref. Para-4.13)
Write a short note on misrepresentation. (Ref. Para-4.13,4.14)
Explain the effects of fraud? (Ref. Para-4.12)
A deceit which does not deceive is no fraud. Explain. (Ref. Para-4.12)
In which circumstances, the right of aggrieved party to cancel a contract on the basis of fraud is lost? (Ref. Para-4.12)
What do you understand by contract of ‘uberrimae fidei?’ (Ref. Para-4.11)
Does silence always amount to fraud? (Ref. Para-4.10)
Mere puffing is not fraud. Comment. (Ref. Para-4.9)
What are the elements of fraud? (Ref. Para-4.9)
Define fraud. Give its suitable example. (Ref. Para-4.8)
Distinguish between coercion and undue influence. (Ref. Para-4.7)
When is the party said to be in a position to dominate the will of others? (Ref. Para-4.6)
What is undue influence? State the effects of undue influence. (Ref. Para-4.5)
A threat to lodge a criminal prosecution on a false charge amounts to coercion. Comment. (Ref. Para-4.4)
Which threats do not amount to coercion? (Ref. Para-4.4)
A threat to commit suicide amounts to coercion. Comment (Ref. Para-4.3)
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