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Legal Aspect of Business
QUESTION 1. Nemo dat qui non habet means
Sale by owner
Sale by none owner
Sale by finder of lost goods
Sale by unpaid seller
QUESTION 2. Breach of a legal right without damages
Injuria sine damnum
Damnum sine injuria
Nemo judex in causa sua
Damnum sine partem
QUESTION 3. What are Generic Goods?
Original Goods
Unique Goods
Unidentified Goods
Specified Goods
QUESTION 4. Two similar kinds of offers (identical offers to each other) is known as
Cross offer
Identical offer
Counter offer
Express offer.
QUESTION 5. Which law in India regulates the business contracts?
Consumer Protection act
contract act
companies act
FEMA
QUESTION 6. Consent obtain by mental pressure
Coercion
Fraud
Undue Influence
Mistake
QUESTION 7. Damages without infringement of legal right
Injuria sine damnum
Damnum sine injuriad
Nemo judex in causa sua
Damnum sine partem
QUESTION 8. Pick the odd one out
Battery
Nuisance
Assault
Free consent
QUESTION 9. Which of the following is not part of the political environment
Legislature
Executive
Judiciary
Culture
QUESTION 10. Causes harmful or offensive contact to another person
Battery
Defamation
Nuisance
Negligence
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QUESTION 11. Factors that vitiate consent are
Fraud
Coercion
Mispresentation
All of the above
QUESTION 12. What are the few essentials of a valid contract
Lawful consideration
Capacity
Free consent
All of the above
QUESTION 13. Rule of caveat emptor means
Conditions
Consideration is essential element
Buyers Beware
Condition to quality
QUESTION 14. A legal injury and that establishes the circumstances under which one person may be liable for another’s injury is
void
Tort
Valid
None of the above
QUESTION 15. ” It is not the act itself, but the fact which defines the character of the act, and makes it a legal wrong. ”
Coercion
Negligence
Undue Influence
Nuisance
QUESTION 16. Consent taken by threat of life is known as:
Coercion
Fraud
Undue Influence
Mistake
QUESTION 17. Process of adding new but related to products or services is called
Horizontal Diversification
Concentric Diversification
Conglomerate Diversification
None of these
QUESTION 18. Conglomerate Diversification refers to the process of
“adding new, unrelated products/services for present customer”
adding new but related to product/services
adding new and unrelated product/services
None
QUESTION 19. Contract of indemnity means
two parties idemnifier and the identity holder
purpose is for the reimbursement of loss
A&B
none of the above
QUESTION 20. Garner vs Murray is a well known case of
Unpaid seller
Insolvency of partnership
Contract of bailment
None
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