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1151. A contract is discharged by novation which means the;

October 4, 2025 by Admin
A. Cancellation of the existing contract
B. Change in one or more terms of the contract
C. Substitution of existing contract for a new one
D. None of these
āœ… The correct answer is option C.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

1152. A, B and C jointly promised to pay Rs.6000 to D. Before the performance of the contract, C dies. Here the contract;

October 4, 2025 by Admin
A. Becomes void on C’s death
B. Should be performed by A and B along with C’s legal representatives
C. Should be performed by A and B alone
D. Should be renewed between A, B and D
āœ… The correct answer is option B.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

1153. Which of the following persons can perform the contract?

October 4, 2025 by Admin
A. Promisor alone
B. Legal representatives of the Promisor
C. Agent of the Promisor
D. All of these
āœ… The correct answer is option D.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

1154. On the valid performance of the contractual obligations by the parties, the contract;

October 4, 2025 by Admin
A. Is discharged
B. Becomes enforceable
C. Becomes void
D. None of these
āœ… The correct answer is option A.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

1155. An agreement is void if it is opposed to public policy. Which of the following is not covered by heads of public policy.

October 4, 2025 by Admin
A. Trading with an enemy
B. Trafficking in public offices
C. Marriage brokerage contracts
D. Contracts to do impossible acts
āœ… The correct answer is option D.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

1156. Which of the following statement is true?

October 4, 2025 by Admin
A. Consideration must result in a benefit to both parties
B. Past consideration is no consideration in India
C. Consideration must be adequate
D. Consideration must be something which a promisor is not already bound to do
āœ… The correct answer is option D.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

1157. An offer may lapse by

October 4, 2025 by Admin
A. Revocation
B. Counter Offer
C. Rejection of offer by offeree
D. All of these
āœ… The correct answer is option D.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

1158. In case of illegal agreements the collateral agreements are

October 4, 2025 by Admin
A. Valid Contract
B. Void Contract
C. Voidable Contract
D. None of these
āœ… The correct answer is option B.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

1159. Which is the following is false? An acceptance:

October 4, 2025 by Admin
A. Must be communicated
B. Must be absolute and unconditional
C. Must accepted by a person having authority to accept
D. May be presumed from silence of offeree
āœ… The correct answer is option D.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment

1160. When the consent of a party is not free, the contract is:

October 4, 2025 by Admin
A. Void
B. Voidable
C. Valid
D. Illegal
āœ… The correct answer is option B.
Categories Business Laws, SSC Tags Business Laws MCQs, SSC MCQs Leave a comment
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