Tag: commerce

Questions Related to commerce

X is a minor who had broken his left arm then doctor had treated him, how can the doctor regain his cost of treatment?

  1. Minor can be held liable for the necessities supplied to him.

  2. The Doctor cannot recover his fees because the agreement with minor is void-ab-initio.

  3. Contract has to be entered into by the minor's parent to make it valid and to recover fee.

  4. none of the above


Correct Option: A

A minor got injured in his left leg in Football match. He engaged a doctor for treatment of leg. The doctor's claim for his services under the Indian Contract Act 1872 is _______.

  1. Valid

  2. Invalid

  3. Void

  4. Illegal


Correct Option: A

F, a money lender, advances RS. 10,000 to J, an agriculturist and by undue influence, induces J to sign a bond for Rs. 20,000 with interest at 6% p.m. The court may set the Bond aside, ordering J to repay only Rs. 10,000 at such nominal interest as it may deem fit.

  1. True

  2. False


Correct Option: A

Claim for necessaries of life supplied to a minor can be enforced against _________.

  1. the Minor's property or estate

  2. any relative

  3. the minor personally on attaining majority

  4. the guardian, if any, of the minor


Correct Option: A

An illiterate old woman made a gift deed of practically her entire property to her nephew who managed her affairs. The gift can be set aside on the grounds of -

  1. Mistake

  2. Coercion

  3. Fraud

  4. Undue Influence


Correct Option: D
Explanation:

As the nephew may have influenced her to make a contract under such circumstances the contract is invalid.

X bought shares in a Company on the faith of a prospectus that contained an untrue statement as to the Directorship of J. X had never heard of J and hence such statement was immaterial from his view point. X claimed damages for fraud. His claim will be dismissed on the ground that ______.

  1. there was no fraud at all

  2. fraud in Company Prospectus is not covered by Indian Contract Act

  3. the untrue statement had not induced him to buy the shares

  4. all of the above


Correct Option: C

A, a singer enters into a contract with B, the manager of a theatre to sing at his theatre two nights in every week during the next two months and B engages to pay her Rs. 1,00,000 for each night's performance. On the sixth night, A willfully absents himself from the theatre. If A turns up after a week and B without saying anything allowed A to perform that night __________.

  1. B is at liberty to put an end to the contract

  2. B cannot put an end to the contract but can claim damages from A

  3. The contract is left at the liberty of A

  4. The contract is unlawful


Correct Option: B

A contract may be discharged by

  1. Lapse of time

  2. Operation of the law

  3. Mutual agreement

  4. Any of above


Correct Option: D

A contract is discharged by operation of law:

  1. by death of the promisor;

  2. by insolvency of promisor;

  3. by death or insolvency of promisor.

  4. any of the above.


Correct Option: D

An indorsement made by an indorser by signing his name and also by writing the name of the indorse, is known as _________________.

  1. General indorsement

  2. Special indorsement

  3. Restrictive indorsement

  4. None of these


Correct Option: B