MCQs on Law - 22

1. “Where under a contract of sale the property in the goods is transferred from the seller to the buyer, the contract is called a sale, but where the transfer of the property in the goods is to take place at a future time or subject to some condition thereafter to be fulfilled, the contract is called an agreement to sell.”

Read above statement and find correct answer, using codes given below:

Codes:
(A) Contract of sale is conditional.
(B) Contract of agreement to sell is conditional.
(C) There is no difference between sale and agreement to sell, as both are contracts.
(D) Sale is a contract; agreement to sell is not a contract.



2. Essential feature of a partnership is

(i) Agreement
(ii) Object to carry on a business
(iii) To share profits
(iv) Business is to be carried by all or any of them acting for all.

Codes:
(A) Only (i) is correct.
(B) Only (i) and (ii) are correct.
(C) Only (i), (ii) and (iii) are correct.
(D) All of above are correct



3. Democracy and Federalism are essential features of our Constitution and basic feature of its structure. This observation was made in S.R. Bommai vs. Union of India by the Judge.

(A) Justice P.B. Sawant
(B) Justice S.R. Pandyan
(C) Justice J.S. Verma
(D) Justice A.M. Ahmadi



4. Find the correct legal statement from following statements:

(A) Every partner is liable, severally with all the other partners and jointly for all acts of the firm done while he is a partner.
(B) Every partner is liable, jointly with all the other partners and severally for all acts of the firm done while he is a partner.
(C) Every partner is liable only foracts done by him as acts of thefirm done while he is a partner.
(D) Sleeping partner is not liable for acts done by him as acts of the firm done while he is a partner.



5. Read Assertion (A) and Reason (R) and with help of codes given below, point out the correct explanation.

Assertion (A): It is the duty of the banker to be acquainted with the customer’s handwriting.
Reason (R): A banker must be hand writing expert.

Codes:
(A) Both (A) and (R) are true and (R) is correct explanation of (A).
(B) Both (A) and (R) are true, but (R) is not correct explanation of (A).
(C) (A) is true, but (R) is false.
(D) (A) is false, but (R) is true.



6. When a negotiable instrument is dishonored, the party liable to pay, becomes bound to pay compensation to

(A) The bank
(B) The endorser
(C) Holder or endorsee
(D) The Court



7. According to A.V. Dicey in India the ‘Rule of Law’ is embodied in

(A) Article 12 of the Constitution of India
(B) Article 13 of the Constitution of India
(C) Article 14 of the Constitution of India
(D) Article 21 of the Constitution of India



 8. Match the following:

List – I
List – II
a. Enacted law
1. Legislation
b. Case law
2. Agreement
c. Customary law
3. Precedent
d. Conventional law
4. Custom
  
Codes:
       a       b      c        d
(A)  1       2      4        3
(B)  1       2      3        4
(C)  1       3      4        2
(D)  3       1      4        2



9. State the legal status of Hindu Joint family.

(A) Hindu Joint family is a legal person.
(B) Hindu Joint family is a natural person.
(C) Hindu Joint family is both a legal and natural person.
(D) None of the above.



10. Find correct legal principle from following statements:

(A) A company may do an act which is necessary for or incidental to the attainment of its objects or which is otherwise not authorized by the Act.
(B) A company may not do an act which is necessary for or incidental to the attainment of its objects which is otherwise not authorized by the Act.
(C) A company may do an act which is unnecessary for or not incidental to attainment of its goals or which is otherwise barred by the Act.
(D) A company may do an act which is necessary for or incidental to the attainment ofits objects or which is otherwise authorized by the Act.



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