CBSE Questions for Class 12 Commerce Legal Studies Topics Of Law Quiz 3 - MCQExams.com

In the States of Gujrat and Maharastra, Wagering  Agreements are _________.
  • illegal
  • void
  • both (a) and (b)
  • neither (a) nor (b)
If in a Contract both legal and illegal part exists, the legal part is separable from illegal part, then the legal part is ________.
  • valid
  • void
  • voidable
  • illegal
Execution of a Bond requiring Employees leaving the Organisation before the expiry of the term of Service to pay compensation to the Employer is considered as ________.
  • unenforceable agreement
  • voidable agreement
  • valid agreement
  • void agreement
G paid Rs. 1,00,000 to H to influence the head of the Government Organisation in order to provide him some employment. on his failure to provide the job, G sued H for recovery of the amount. Which of the following is correct?
  • The contract is valid and G can recover the amount from H
  • The contract is void as it is opposed to public policy and G cannot recover
  • G can recover the amount with interest
  • G can recover the amount of Rs. 1,00,000 and damages.
S, a seller of imitation jewellery, sells his business to B and promises, not to carry on business in imitation jewellery and real jewellery. The agreement is _________.
  • valid with regard to Imitation Jewellery; and void as regards Real Jewellery.
  • void with regard to Imitation Jewellery; and valid as regards Real Jewellery.
  • wholly void
  • fully valid
A and B bet as to it whether would rain on a particular day or not - A promising to pay Rs.100 to B if it rained, and B promising an equal amount to A, if it did not. This is an example of __________.
  • voidable agreement
  • unlawful agreement
  • illegal agreement
  • wagering agreement
A person enters into an agreement whereby he is bound to do something which is against his public or professional duty. The agreement is _______.
  • void on the ground of being opposed to public policy
  • valid
  • voidable
  • illegal
A contingent contract is ______________.
  • A contract to do something if some event collateral to such contract does or does not happen
  • A contract not to do something if some event collateral to such contract does or does not happen
  • A contract to do or not to do something if some event collateral to such contract does or does not happen
  • A contract to do or not to do something if some event collateral to such contract does not happen
________ Contracts are Enforceable by Future events.
  • Contingent Contract
  • Quasi Contract
  • Conditional Contract
  • Wagering Contract
A promises to pay B Rs. 50,000 if B secures him an employment in the public service or procure the title "Padma Shri". The agreement is ________.
  • enforceable
  • void
  • valid
  • voidable
Retiring partner continues to be liable for acts of the firm done ___________.
  • Up to the date of giving public notice of retirement
  • Up to the close of the financial year in which he retires
  • Up to the date of admission of a new partner
  • All of the above
An agreement whereby one party assists another in recovering money or property and, in turn share in the proceeds of the action is called _______.
  • champerty
  • maintenance
  • stifling with prosecution
  • interference with course of justice
Marriage Brokerage or Brokerage Contracts are ________.
  • enforceable
  • valid
  • void
  • voidable
Which of the following act is within the implied authority?
  • Receiving payments of debts due to the firm and issuing receipt for it
  • Open a banking account in his own name on behalf of the firm
  • Withdraw a suit or proceeding filed on behalf of the firm
  • Transfer immovable property belonging to the firm
A contract based on the happening or non-happening of a future event is called ________.
  • a wagering contract
  • a contract marked with uncertainty
  • a contingent contract
  • an impossible contract
A contract of insurance is a _______________.
  • Contract of Guarantee
  • Contingent Contract
  • Wagering Agreement
  • Unilateral Agreement
______is a systematic body of knowledge which studies the cause and effect relationship, and tries to establish a generalization.
  • Art
  • Science
  • Social sience
  • History as a subject
The solar lamp uses the ........ energy
  • Heat
  • Wind
  • Light
  • None of these
A voidable contract becomes void in case of ___________.
  • novation
  • impossibility of performance
  • restitution
  • rescission
The MRTP act has been amended in the year ______.
  • 1974
  • 1982
  • 1991
  • 1969
When two persons make identical offers to each other, without having knowledge of each others offer, are known as _________.

  • Counter offers
  • Standing offers
  • Cross offers
  • Open offers
Consumer Courts have been established at :
  • At three level
  • At six level
  • At one level
  • At nine level
Which of the following is not a correct statement?
  • The Indian Contract Act, 1872 came into force on 1st September 1872
  • The Indian Contract Act, 1872 lays down the principles, not the rights and duties of the parties
  • The Indian Contract Act, 1872 lays  down only the rights and duties of the parties
  • The Indian Contract Act, 1872 is complete and exhaustive
Which Section of the Indian Contract Act, 1872 describes the modes of revocation of an offer?
  • Section 9
  • Section 8
  • Section 7
  • Section 6
'Father of Modern Botany' is


  • Pasteur
  • Bauhin
  • Brunfels
  • Theophrastus
In which of these situations a contract becomes void?
  • Supervening impossibility of an act
  • Contract contingent on happening of an uncertain event
  • In both the situations
  • In none of the situations
Which is the transaction of Quasi Contract?
  • Finder of loss of goods
  • Bailment
  • Pledge
  • None of these
If there is defect in the title of the goods of transferor ____________.
  • A holder cannot have good title to the goods
  • A holder in due course get good title to the goods
  • Holder cannot get good title to the goods if has means to discover the defect in title
  • He get good title if he has no means to discover defects in the title of goods
Who is competent to make a valid contract?
  • Major
  • Sound minded person
  • Qualified person by law
  • All of the above
  • None of these
A ______ is an agreement enforceable by law.
  • contract
  • valid contract
  • void contract
  • voidable contract
________ has not been expressly declared void by the Indian Contract Act?
  • Agreement made without consideration
  • Agreement by a minor or a person of unsound mind
  • Agreement in restraint of marriage of a minor
  • Agreement of which the consideration and object are unlawful
Which of the following agreements is/are an agreement expressly declared void by the Indian Contract Act?
  • Uncertain agreement
  • Agreement in restraint of marriage
  • Wagering agreement
  • All the above
Consider the following statements :
1.A quasi-contract is a real or true contract and it is an obligation imposed by law.
2.A quasi-contract arises from a duty of a party and not by promise of any party.
3.A quasi-contract always gives rise to right to personam not in rem.
Which of the above statement/s is/are not correct ?
  • Only 1
  • Only 3
  • 1 and 2
  • 2 and 3
A void agreement is Void _________.
  • Ab-intio
  • Subsequently
  • At the option of one party
  • If conditions attached to the contract are not fulfilled
When a contract is not enforceable at the option of one party is a __________.
  • valid contract
  • agreement
  • voidable contract
  • void contract
  • all of these
X promises to pay Y Rs. 1,00,000 on his promising to never get married in life. This agreement is not enforceable due to __________________.
  • Agreement being in restraint of marriage
  • Agreement being opposed to public policy
  • Impossibility of objects
  • Being immoral in nature
X agrees with Y to discover gold through magic. The agreement is void because of _______________.
  • Impossibility of objects
  • Illegality of objects
  • Opposed to public policy
  • Encouraging black magic
X is indebted to Y. He sells his car to Z. Z promise to play all the debts of X to Y. If Z fails to play, Y has no right to sue Z because
  • Z is a stranger to the contract
  • Z is stranger to the consideration
  • Both
  • None
Under section 2(b) if the person to whom the proposal is made signifies this assent the proposal is said to have been 
  • Promise
  • Agreed
  • Provisionally agreed
  • Tentatively accepted
_________ is/are a valid agreement(s)?
  • Agreement restraining the marriage of a minor
  • Agreement to marry a particular person
  • A contract to refer to arbitration any question which has already arisen
  • All the three
X agrees with Y to bring the Moon down to the Earth. This agreement is a _______ agreement.
  • valid
  • voidable
  • void
  • illegal
X promised Y to pay Rs 10,000 to him if he murders Z. Y murdered Z, but X refuses to pay the promised sum to him. Y cannot enforce the agreement because of _________________.
  • Illegality of objects
  • Agreement being verbal
  • Consideration being inadequate
  • Absence of free consent
State which of the following agreements are void?
  • Agreement to the effect that a suit should be instituted within a short period than prescribed under the Law of Limitation
  • An agreement to the effect to extend the period within which an action for breach should be taken
  • An agreement by which a party is restricted absolutely from exercising his right under the contract by usual legal proceeding
  • All the three
Which of these types of agreements have been treated as "agreement against public policy" by various courts?
  • Agreement to form cartels
  • Agreement stifling prosecution
  • Trading with enemy
  • All the three
P agrees to give his daughter to Q for concumbage on payment of Rs. 20,This agreement is void because of :
  • Illegality of objects
  • Inadequacy of consideration
  • Minority of daughter
  • All the three
An agreement by a debtor with the lender to the effect that he would not leave job or further borrow from any body or change his residence is ____________.
  • Void being restricting personal freedom
  • Voidable
  • Illegal
  • Valid agreement
Which of the following agreements is considered agreements in restraint of trade?
  • A trade combination which create monopoly.
  • A negative covenant operating during the period of employment when the employee is bound to serve his employer exclusively.
  • An agreement between the manufacturer or producer and a sole selling agent or distributor whereby the manufacturer agree to sell the goods to the sole selling agent who in turn agree to buy his requirement from any other source.
  • None
What is the status of a contract when the consent of a party is caused by coercion?
  • Void
  • Voidable
  • Valid
  • Illegal
Under Indian Contract Act
  • Person who makes the proposal
  • Person who accepts the proposal
  • Person who makes the promise
  • Person to whom the promise is made
X a Hindu already married having alive wife entered into an agreement to marry another girl. This agreement is _________________.
  • Void because second wife is forbidden under hindu marriage law.
  • Voidable if he cannot afford the second family.
  • Void because court permission not taken
  • Perfectly valid
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Practice Class 12 Commerce Legal Studies Quiz Questions and Answers