Note Only Answer the MCQS. Don't Explain any of them

1. The measure of damages in case of breach of a contract is the difference between the

		contract price and the market price at the date of breach
		contract price and the maximum market price during last 6 months
		contract price and the price at which the plaintiff might have sold the goods
		contract price and the price fixed by Court

2. In case of breach of contract of sale of some antique goods, the Court may grant"

		Quantum Meruit
		Rescission
		Specific Performance
		Injunction

3. Which remedy for breach of contract may be ordered by the court?

		specific performance
		injunction
		either (a) or (b)
		both (a) or (b)

4. Minor can be

		A partner in a firm
		An agent
		A principal of his agent
		All of the above

5. Competence to contract means

		Age of the parties
		Soundness of mind of the parties
		c) Both (a) and (b)
		Intelligence of the parties

6. A minor can be held personally liable

		For chques issued by him
		For promises made by him with other joint promisors
		For guarantee given by him
		None of the above

7. A resolution that is passed by three fourth or more members of a company is called _______

		special resolution
		ordinary resolution
		All of above
		None of above

8. A resolution that is passed by three fourth or more members of a company is called _______

		special resolution
		ordinary resolution
		All of above
		None of above

9. ___________ are/is liable to pay all debts on behalf of a company

		company itself
		Directors
		All of above
		None of above

10. "_____________ is the summation of income from salary, income from business, income ffrom property, capital gain and other income"

		Total Income
		Taxable income
		Tax Chargeable
		Net Income