91. Where the consent of both the parties is given by mistakes, the contract is;
A. Void
B. Valid
C. Voidable
D. Illegal
✅ The correct answer is option A.
Business Laws
92. Where an agreement consists of two parts once legal and the other illegal and the legal part is separable from the illegal one, such legal part is
A. Void
B. Valid
C. Voidable
D. Illegal
✅ The correct answer is option B.
93. An agreement to do an illegal act(eg: sharing the earnings of smuggling business) is
A. Valid
B. Void
C. Voidable
D. Contingent
✅ The correct answer is option B.
94. Where the consent of a party is obtained by misrepresentation, the contract is;
A. Valid
B. Void
C. Voidable
D. Illegal
✅ The correct answer is option C.
95. Which of the following acts does not fall under the categories of fraud?
A. Intentional false statement of facts
B. Active concealment of facts
C. Innocent false statements
D. Promise made without intention to perform
✅ The correct answer is option C.
96. A voidable contract is one which;
A. Can be enforced at the option of the aggrieved party
B. Can be enforced at the option of the both parties
C. Cannot be enforced in a court of laws
D. Court prohibits
✅ The correct answer is option A.
97. When one party is in a position to dominate the will of another and uses his superior position to obtain the consent of a weaker party, the consent is said to be obtained by;
A. Coercion
B. Undue influence
C. Fraud
D. Misrepresentation
✅ The correct answer is option B.
98. When the consent to an agreement is obtained by coercion, the agreement is voidable at the option of
A. Either party to the agreement
B. A party whose consent was so obtained
C. A party who obtained the consent
D. None of these
✅ The correct answer is option B.
99. A agrees to pay Rs.1,00,000 to B if he brings a star from the sky. This is a contingent contract and
A. Illegal
B. Valid
C. Voidable
D. Void
✅ The correct answer is option D.
100. A threatens to kill B if he does not agrees to sell his scooter from him for Rs.1000. Here B’s consent is obtained by
A. A undue influence
B. Fraud
C. Coercion
D. None of these
✅ The correct answer is option C.