CBSE Questions for Class 11 Commerce Legal Studies Classification Of Law Quiz 7 - MCQExams.com

Which property will be the property of a Firm?
  • The movable and immovable property of the firm
  • Property brought in by a partner and is vested in the firm.
  • Property brought in by a partner and is being used in partnership firm.
  • None of the above
A contracts to pay to B Rs. 1,000 if Bs house is burnt. This is a _____________.
  • voidable contract.
  • wagering contract.
  • contingent contract.
  • none
Ultra vires implies ____________.
  • a writ.
  • pending before court.
  • beyond ones power.
  • beyond ones knowledge.
Below questions contains some basic principles and fact situation in which these basic principles have to be applied. A list of probable decisions and reasons are given.
Principles
$$1.$$ If A is asked to do something by B, B is responsible for the act, not A.
$$2.$$ If A, while acting for B commits a wrong, A is responsible for the wrong, not B.
$$3.$$ If A is authorised to do something for B, but in the name of A without disclosing B's presence, both A and B may be held liable.
Facts
Somu contracted with Amar whereunder Amar would buy a pumpset to be used in Somu's farm. Such a pumpset was in short supply in the market. Gulab, a dealer, had such a pumpset and he refused to sell it to Amar. Amar threatened Gulab of serious consequences if he fails to part with the pumpset. Gulab filed a complaint against Amar.
Proposed Decision
(a) Amar alone is liable for the wrong though he acted for Somu.
(b) Amar is not liable for the wrong, though he is bound by the contract with Somu.
(c) Somu is bound by the contract and liable for the wrong.
(d) Both Somu and Amar are liable for the wrong.
Suggested Reasons
i) Amar committed the wrong while acting for the benefit of Somu.
ii) Amar cannot do while acting for Somu something which he cannot do while acting for himself.
iii) Both Amar and Somu are liable since they are bound by the contract.
iv) Somu has to be responsible for the act of Amar committed for Somu's benefit.
Your decision with the reason.
  • $$(a) - (i)$$
  • $$(a) - (ii)$$
  • $$(d) - (iv)$$
  • $$(c) - (iv)$$
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Practice Class 11 Commerce Legal Studies Quiz Questions and Answers