MGT611 Midterm Past Papers 2010

Q1. Which of the following is NOT true about Law? (1 marks)

1. Law is to maintain rights
2. Law upholds justice
3. Law is used to redress wrongs
4. Law does not ensures public order

Q2. Which of the following is termed as science of civil law? (1 marks)

1. Jurisprudence
2. Court
3. Business law
4. Labour law

Q3. Principles of law as they currently exist are studied under which of the following? (1 marks)

1. Analytical jurisprudence
2. Historical jurisprudence
3. Ethical jurisprudence
4. Both analytical and historical jurisprudence

Q4. Which of the following deals with the law that should be in an ideal state? (1 marks)

1. Commercial jurisprudence
2. Analytical jurisprudence
3. Historical jurisprudence
4. Ethical jurisprudence

Q5. By definition, a contract is: (1 marks)

1. An agreement
2. A legal obligation
3. Both an agreement and a legal obligation
4. Neither an agreement nor a legal obligation

Q6. According to section 2(e) of contract act, every promise and every set of promises, forming the consideration for each other is: (1 marks)

1. A contract
2. An agreement
3. An obligation
4. A proposal

Q7. When a person signifies to another his willingness to do or to abstain from doing (1 marks)

anything with a view to obtaining the assent of that other to such act or abstinence he is, according to section 2(a) of Contract Act, said to __________.

1. Make a proposal
2. Make an obligation
3. Formulate a contract
4. Formulate an agreement

Q8. Mr. Asad agrees to construct Mr. Basheer’s house for Rs. 10 lac. What is the consideration for Mr. Asad? (1 marks)

1. Construction of the house by Mr. Asad
2. Construction of the house by Mr. Basheer
3. Promise to pay Rs. 10 lac by Mr. Asad
4. Promise to pay Rs. 10 lac by Mr. Basheer

Q9. Consent caused by a Fraud makes a contract: (1 marks)

1. Void
2. Voidable
3. Unenforceable
4. Invalid

Q10. A police officer bought a property worth one lac rupees for Rs.50000 from an accused under his custody. The contract was done by: (1 marks)

1. Undue influence
2. Fraud
3. Coercion
4. Consent

Q11. In Undue Influence, the consent is obtained by: (1 marks)

1. Threat
2. Fraud
3. Domination
4. Physical force

Q12. The dominating party, in case of Undue Influence, can disprove the presumption by arguing all, EXCEPT: (1 marks)

1. The facts were fully disclosed
2. The consideration was enough
3. The dominated party was in a position to receive independent advice
4. The dominated party did not gave his free consent

Q13. When a person does an act which is against public duty, the agreement is ________. (1 marks)

1. Valid
2. Void
3. Voidable
4. Illegal

Q14. All of the following are the agreements that are expressly declared to be void by the law, EXCEPT: (1 marks)

1. Agreement in restraint of marriage
2. Agreements in restraint of trade
3. Agreement made with consideration
4. Agreement by way of wager

Q15. An agreement in which one party agrees to close his business against the promise of the other party to pay some amount is __________. (1 marks)

1. Valid
2. Void
3. Voidable
4. Unlawful

Q16. Each party to a contract is both promisor and promisee in case of ___________. (1 marks)

1. Present consideration
2. Reciprocal promises
3. Valid contract
4. Part consideration

Q17. When a contract subsequently becomes difficult to perform due to uncontemplated events, it _____________. (1 marks)

1. Becomes void
2. Becomes voidable
3. Is discharged
4. Is not discharged

Q18. In which of the following cases, the court may refuse to grant rescission? (1 marks)

1. When plaintiff has not expressly ratified the contract
2. When parties can not be restored to their original position due to changed circumstances
3. When a third party has acquired right in good faith and value
4. When only a part of contract is to be rescinded and such part can not be separated from the rest of contract