MCQS FOR B.COM PART (2) BUSINESS LAW YEAR (2020) chapter no (2)


MCQ’S

FOR B.COM PART 2

SUBJECT; BUSINESS LAW


1-An agreement arises only if ______ is made by one person and is accepted by another person
ANS- OFFER
2-An offer itself f does not create legal________
ANS- OBLIGATION
3-Proposal signifies the ________ of a person towards an offer
ANS- WILLINGNESS
4-The person who makes the offer is______
ANS- OFFERER
5-THE person to whom the offer is made is ______
ANS- OFFEREE
6-The term ______ is used in contract act
ANS- PROPOSAL
7-The term _______ is used in Practical life
ANS- OFFER
8-An offer may be ______ or implied
ANS- EXPRESS
9-An offer which is made by words is __________
ANS- EXPRESS
10-AN ______ offer appears from the actions
ANS- IMPLIED
11-An offer must be made to create a ________
ANS- LEGAL RELATIONSHIP
12-It is presumed in business transactions that the parties are ______ to create legal relationship
ANS- INTEND
13-An offer must be ______ and clear
ANS- DEFINITE
14-If the ______ of an agreement is not clear there is no valid agreement
ANS- TERMS
15-An ________ to offer is not an offer
ANS- Invitation
16-In invitation to offer, the person only ______ the other party for offer
ANS- INVITES
17-In invitation to offer his object is to only inform his ________ to deal with anyone
ANS- WILLINGNESS
18- When an offer is made to a particular person it is called _______
ANS- SPECIFIC OFFER
19- A specific offer can be accepted by the only a________ person
ANS- SPECIFIC
20- When an offer is made to general public it is called_______
ANS- GENERAL OFFER
21- A general offer is only accepted by the person who _______
ANS- FULFILL THE CONDITIONS
22- An offer is valid only if it is _______ to offeree
ANS- COMMUNICATED
23- An offer must not contain a _______ condition
ANS- NEGATIVE
24- An offeror may include any _______ in his offer
ANS- CONDITION
25- There is no contract unless all the _______ of the offer are accepted
ANS- CONDITIONS
26- An offer can be ________ by sending a notice
ANS- REVOKED
27- An offeror may revoke his offer any time before the ______
ANS- ACCEPTANCE
28- The offer ________ if it is accepted without fulfilling the condition
ANS- TERMINATE
29- An offer terminates on the _________of the offeror
ANS- DEATH OR INSANITY
30- If the offeree does not knows the death or insanity an accept the offer, the acceptance is _______
ANS- VALID ACCEPTANCE
31- An original offer terminates when ________ is made
ANS- COUNTER OFFER
32- A new offer which is made instead of previous offer is called______
ANS- COUNTER OFFER
33- An offer can only be accepted by ______
ANS- offeree
34- An offer terminates if it becomes _______ before acceptance
ANS- ILLEGAL
35- An offer ________ automatically if the subject matter destroys
ANS- TERMINATES
36- The acceptance is the _______ given by the offeree to an offerer
ANS- CONSENT
37- Acceptance is the expression of offeree________
ANS-  WILLINGNESS
38- A proposal when accepted become _________
ANS- PROMISE
39- AN offer can be _______ only buy the person to home it is made
ANS- ACCEPTED
40- An offer can also be accepted by __________  person
ANS- AUTHORISED
41-The acceptance must be ______ and unconditional
ANS- ABSOLUTE
42- If the offeree imposes any ______ it is not a valid acceptance.
ANS- CONDITION
43- IF acceptance is not made according to ________ the offeror can reject
ANS; PRESCRIBED MANNER
44- The offeree must_______ the acceptance to the efforor
ANS- COMMUNICATE
45- The offeree must make sure that his _______ is received
ANS- ACCEPTANCE

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