Business Laws MCQs and Notes
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Q 41. As per Section 20, the contract is void, on account of bilateral mistake of fact. But as per Section 22, if there is mistake of only one party, then the contract is;
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Q 42. Where the consent of both the parties is given by mistakes, the contract is;
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Q 43. Which of the following statement is false?
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Q 44. Where the consent of a party is obtained by misrepresentation, the contract is;
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Q 45. Which of the following acts does not fall under the categories of fraud?
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Q 46. When one party is in a position to dominate the will of another and uses his superior position to obtain the consent of a weaker party, the consent is said to be obtained by;
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Q 47. When the consent to an agreement is obtained by coercion, the agreement is voidable at the option of
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Q 48. A threatens to kill B if he does not agrees to sell his scooter from him for Rs.1000. Here B’s consent is obtained by
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Q 49. When the consent of a party is obtained by coercion undue influence, fraud or misrepresentation, the contract is;
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Q 50. Which of the following elements does not affect the free consent of the parties.
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