MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
A contract in which, under the terms of a contract, nothing remains to be done by either party is known as |
| A. | executed contract |
| B. | executory contract |
| C. | unilateral contract |
| D. | none of the above |
| Answer» B. executory contract | |
| 2. |
A contract in which, under the terms of a contract, one or both the parties have still to perform their obligations in future is known as |
| A. | executed contract |
| B. | executory contract |
| C. | unilateral contract |
| D. | none of the above |
| Answer» C. unilateral contract | |
| 3. |
A contract in which a person promises to discharge the liability of another person, in case of default by such person, is known as a |
| A. | quasi-contract |
| B. | contract of indemnity |
| C. | contract of guarantee |
| D. | none of the above |
| Answer» D. none of the above | |
| 4. |
Where the agent contracts for a principal, who is not competent to contract, in such a case the agent is |
| A. | personally liable |
| B. | exceeding authority |
| C. | not personally liable |
| D. | none of these |
| Answer» B. exceeding authority | |