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Preparation for Commerce - Mercantile Laws

(11 Posts)

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This thread is dedicated to preparation for Mercantile Laws section of Commerce. You may share questions related to topics like The Indian Contract Act, The Sale of Goods Act, The India Partnership Act etc.

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Debajit Borboruah

Posted on Mar 29, 2019 8:03 AM

In case of breach of contract, which of the following remedy is available to the aggrieved party?

Suit for rescission

Suit for damages

Suit for specific performance

All of these

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Debajit Borboruah

Rescission- noun(FORMAL)_the revocation, cancellation, or repeal of a law, order, or agreement.

Rescission- noun(FORMAL)_the revocation, cancellation, or repeal of a law, order, or agreement. Please type your answer before submitting.

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Debajit Borboruah

Posted on Mar 29, 2019 7:59 AM

Sometimes, a party is entitled to claim compensation in proportion to the work done by him. It is possible by a suit for

damages

injunction

quantum meruit

None of these

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Debajit Borboruah

Repudiate- verb_refuse to accept; reject.

Repudiate- verb_refuse to accept; reject. Please type your answer before submitting.

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Debajit Borboruah

Posted on Mar 29, 2019 7:55 AM

Moral pressure is involved in the case of

coercion

undue influence

misrepresentation

fraud

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Debajit Borboruah

Connivance- noun_willingness to allow or be secretly involved in an immoral or illegal act.

Connivance- noun_willingness to allow or be secretly involved in an immoral or illegal act. Please type your answer before submitting.

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Debajit Borboruah

Posted on Mar 29, 2019 7:29 AM

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

Trading with an enemy

Trafficking in public offices

Marriage brokerage contracts

Contracts to do impossible acts

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Debajit Borboruah

Champerty- noun(LAW)_an illegal agreement in which a person with no previous interest in a lawsuit finances it with a view to sharing the disputed property if the suit succeeds.

Champerty- noun(LAW)_an illegal agreement in which a person with no previous interest in a lawsuit finances it with a view to sharing the disputed property if the suit succeeds. Please type your answer before submitting.

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Debajit Borboruah

Posted on Mar 29, 2019 7:25 AM

Which of the following is not an exception to the rule "no consideration, no contract"?

Compensation for involuntary services

Love and affection

Contract of agency

Gift

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Debajit Borboruah

Remission- noun_the cancellation of a debt, charge, or penalty.

Remission- noun_the cancellation of a debt, charge, or penalty. Please type your answer before submitting.

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Preparation for Commerce - Mercantile Laws

(11 Posts)

This thread is dedicated to preparation for Mercantile Laws section of Commerce. You may share questions related to topics like The Indian Contract Act, The Sale of Goods Act, The India Partnership Act etc.