CONTRACT LAW MCQS SET 56

 CONTRACT LAW MCQS SET 56

Void Agreements and Contingent Contract

1. A partner of a firm, so long as he is partner, can be restrained from carrying on
a. Any business
b. Similar business
c. Both of the above
d. None of the above

2. An agreement which restrains an outgoing partner from carrying on the business similar to that of the firm, is
a. Void
b. Voidable
c. Valid
d. Unlawful

3. An outgoing partner can be restrained from carrying on
a. Similar business only
b. Any business
c. Both of these
d. None of the above

4. An agreement restraining the outgoing partner from carrying on business similar to that firm will be valid and enforceable if the restriction
a. Is reasonable
b. Specifies the local limits
c. Specifies the period for which it will remain in force
d. All of the above

5. Regulations as to the opening and closing of business in the market, are
a. Not legal
b. Valid
c. Void
d. Illegal
6. An agreement which partially restrains a person from enforcing his legal right ,is
a. Void
b. Valid
c. Voidable
d. None of the these

7. A and B entered into an agreement, that A can enforce his rights at Bombay only. This agreement is
a. Valid
b. Void
c. Contingent contract
d. Illegal

8. A agrees to sell to B all the production of this only factory situated at Ahmedabad. This agreement is
a. Void
b. Valid
c. Voidable, at the option of B
d. None of these

9. A new promise to pay the stake money already won upon a wager, is
a. Valid
b. Void
c. Voidable
d. Contingent

10. A promises to pay Rs 500 to be if it rains on the first Monday of the next month. It is a
a. Wagering agreement
b. Contingent contract
c. Void contract
d. Voidable contractANSWER:

1. c
2. c
3. a
4. d
5. b
6. b
7. a
8. b
9. b
10. b