101. A contingent contract depend on the happening of the future uncertain event can be enforced when the event;
A. Happens
B. Becomes impossible
C. Doesn’t happen
D. Either of these
✅ The correct answer is option A.
Business Laws
102. When the consent of a party is obtained by coercion undue influence, fraud or misrepresentation, the contract is;
A. Void
B. Voidable
C. Valid
D. Illegal
✅ The correct answer is option B.
103. Which of the following elements does not affect the free consent of the parties.
A. Coercion
B. Fraud
C. Incompetency
D. Undue influence
✅ The correct answer is option C.
104. Which of the following persons do not fall under the category of persons of unsound mind?
A. Idiot
B. Lunatics
C. Drunken
D. Alien
✅ The correct answer is option D.
105. A contract with the minor, which is beneficial for him, is;
A. Void ab initio
B. Voidable
C. Valid
D. Illegal
✅ The correct answer is option C.
106. For entering into a contract, a minor is a person who has not completed the age of;
A. 16 years
B. 18 years
C. 20 years
D. 21 years
✅ The correct answer is option B.
107. Which of the following persons are not competent to contract?
A. Minors
B. Persons of unsound mind
C. Persons disqualified by law
D. All of these
✅ The correct answer is option D.
108. An agreement made with free consent to which the consideration is lawful but inadequate is;
A. Void
B. Valid
C. Voidable
D. Unlawful
✅ The correct answer is option B.
109. A agrees to sell his car worth Rs. I00000 lakh to B for rs.20000 and A’s consent was obtained by coercion. Here, the agreement is;
A. Void
B. Valid
C. Voidable
D. Unlawful
✅ The correct answer is option C.
110. As a general rule, an agreement made without consideration is;
A. Void
B. Voidable
C. Valid
D. Unlawful
✅ The correct answer is option A.