SHEKHAWATI INSTITUTE, SIKAR

Department of Management Studies

Pre University Examination -2024
Max Marks:-120 Times Allowed:-1:30 hrs
Class BBA 1st Year Sub- Legal Aspects of Indian Business
Note – Attempt any fifty questions ..
Do not litter & destroy the question paper. You are not permitted to leave the examination hall before time. During examination hours
you are in control of room superintendents & supposed to follow all the instruction passed by them time to time.
Attempt any 50 question only
1.A contract creates:
a. Rights and obligations of the parties to it. b. Obligation of the parties to it.
c. Mutual understanding between the parties. d. Mutual lawful rights and obligations of the parties to it.

2. “A contract is an agreement creating and defining obligations between the parties”.

A.Dr Ambedkar b. Pollock c. Sir salmond d. N.D Kapoor

3. When the communication of a proposal is complete:

a. When it do not comes to the knowledge of the person to whom it is made.

b. When it comes to the knowledge of another person that some communication was made to the concerned person.
c. When it comes to the knowledge of the person to whom it is not made.
d. When it comes to the knowledge of the person to whom it is made.

4. An offer is revoked
a. By the death of th proposer b.By the lapse of time.
c.By communication of notice of revocation. d.All of the above.

5. The expression “privity of contract” means:

a. A contract is private documents b. only private documents can be contract
c. A contract is private document.

6. A minor’s agreement is void. This was held in the case of:

a. Mohiri bibee vs Dharmodas Ghosh b.Nihal chand vs Jan mohammed khan
c.Suraj Narain vs Sukhu Aheer d.Chinnaya vs Ramaiya.

7.E contracts to marry F.Before the agreed date of marriage ,E marries K.F is entitled to sue E for:
a. Anticipatory Breach in an express manner. b.Actual Breach in an express manner
c.Anticipatory Breach in an implied manner. d.Actual Breach in an implied manner.

8.Voidable contract
a.Are enforceable by law.If they are not avoided. b.Are not enforceable by law.
c. Can directly enforce by court. d.Enforceable after prior permission from central government.

9. The Indian Contract Act,1872 which was enacted on 25 April, 1872 came into force with effect from:

a. 1st May, 1872 b. 1st September, 1872 c.1st October, 1872 d. 1st November, 1872

10. Where a minor has entered into a contract for purchase of necessary items. In such cases:

a. The minor is not personally liable. b. Minor’s estates are liable to make good.
b. Minor’s guardian is liable. d. The minor is personally liable

11. The consideration must be:

a. Adequate b. Must be adequate. C. Need not be adequate d.Substantially adequate

12. 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 ₹ 100 for each night’s performance. On the sixth night, A willfully absents herself from the theatre.
(a) B is at liberty to put an end to the contract (b) B cannot put an end to the contract
(c) The contract is left at the liberty of A (d) None of these

13. The doctrine of frustration applies when:

a) The terms of the contract are unclear b) One party fails to fulfill their obligations
c) The performance of the contract becomes impossible or significantly more difficult d) The contract is illegal

14. Anticipatory Breach is mentioned in which section of the contract act?

a.sec 70 b. sec 72 c.sec 39 d.sec 71

15. A contract of Guarantee is discharged by:

a. Breach of the contract by the creditor b.Death of the Pincipal debtor c.Death of Guarantor d.None of the above

16.In contract of indemnity, who is the indemnifier?

a.The party seeking indemnification b.The party providing indemnification c.Both parties equally d.The government.

17.Which party has right to sell the pledged property in the case of default?

a.pledge b.pawnee (pledge) c.pledgor d.Bailor

18. Which of the following section deals with the performance of contract?

a.sec 35 b.sec 36 c.sec 37 d.sec38

19. Pledgee is also known as

a) Pawnee b) Pawnor c) Principal d) Agent

20. The term bailment is derived from a French word “bailor”, which means:

a) Depends b) Deliver c) Selling d) Buying

21. A finder of goods is

a) Entitled to retain the goods b) Entitled to claim compensation when specific reward is offered
c) Not entitled to claim compensation and thus not entitled to retain the goods d) Both (A) and (B)

22. ———- entitles the bailee to retain those goods of the bailor for a general balance of the account.
a) Particular lien b) General lien c) Ownership d) Pledge

23.

List A List B
a Sec. 124 of contract act a Bailment
b Sec. 126 of contract act b Qualification of Agent
c Sec. 148 of contract act c Contract of Guarantee
d Sec. 184 of contract act d Contract of indeminty

1.a.iii,b-iv,c-i,d-ii 2.a-ii,b-i,c-iii,d-iv 3.a-iv,b-iii,c-I,d-ii 4.a-i,b-ii.c-iii,d-iv

24. An agency relationship which is made retrospectively is known as an agency by:

 a. Estoppel b. Ratification c. Necessity d.Commerce

25. X Ltd has two directors, Jai and Harish. Neither of the directors have authority to individually enter contracts on behalf of the
company. In practice, Jai (with Harish’s acquiescence) enters into all the contracts on behalf of the company. What type of agency has
been created when a third party acting in good faith enters into a contract with Jai who states he is acting on behalf of X Ltd?

a. An express agency. B.An agency by estoppel. C.An agency by ratification. D. An agency of necessity.

26. Which type of guarantee is given for series of transaction?

(a) General guarantee (b) implied guarantee (c) continuous guarantee (d) general and continuous guarantee

27. Who is protected under the contract of guarantee?

(a) guarantor (b) creditor (c) third person (d) debtor

28. The surety stands discharged:

(a) by revocation (b) by death (c) by variance in terms of the contract without his consent (d) in (a), (b) & (c)

29. Which of the following is not the contract of indemnity?

a.contract of life insurance. b.contract of market insurance c.contract of general insurance d.contract of property insurance.

(30)When Sale of goods act came into force:

(a) 1 Sept 1872 (b) 31 march 2009 (C) 1July 1930 (d) 1 Aug 1930.

(31) which section of the sale of gods Acd deals with the formation of a contract of sale.
(a) sec 9 (b) sec 4 (c)sec 3 (d) sec 7

(32)A sale without considerationis:

(a)gift (b) A hire purchase. (c)A bailment (d)An agreement to sell

(33)Goods must be in existence at the time of the contract. The principle is known as
(a) Caveat emptor (b) Implied warranty (C) rule of thumb (d) Ascertainment

(34)Goods in Goods Sales Act defined under which section.

(a)2(10) (b) 9 (c)2(7) (d) 10

(35)The goods the acquisition of which depends upon the happening and now happening of the event
(a) future Goods (b) specific goals (C) Contingent goods (d) none of the above.

(36)How is an LP different from traditional Partnership?

(a) An LLP has limited liability for its partners (b) An LLP Cannot have more than 20 partners
(c) An LLP not have separate legal entity (d) An llp has no perpetual succession

(37)whal is the maximum no. of partner allowed in limited liability partnership as per LUPALI 2008?
(a) 10 (b) 2 (c)120 (D) unlimited.

(38)How many designated partners are required in LLP

(a) At least two designated partners (b) seven (c)Two designated partner (d) At least seven designated partners

(39)what is the maximun penality for non compliance with LLP Act 2008.
(a) Rs.4 lakh (b) Rs.8 lakh (c) Rs.10 lakh (d) Rs 2.5 lakhs

401)In LLP unda which section designated partners comes

(a) sec 6 (b) Sec 7 (c) sec 14 (d) sec l1

(41)The books of account which a llp is required. to keep shall be preserved for how many Years
(a) 8 years (b) 6 years (c)4 years (d) 2 years.

(42)who make rule for winding Up and dessoulation of LLP?

(a) Central Government (b) Registrer (c)state goverment (d) partnership

(43)who can be held liable for the debt of an LLP?

(a)All partners (b) Designated partners(c) The LLP itself & Silent partners only (d)Silent partners only

(44)The limited Liability partnership Act 2008 come into force on:
(a) 21st march 2009 (b) 15 march 2009 (c) 31 march 2009 (d) 10 April 2009
Option: D

(45)LLP shall file its Annual Return in which form:

a. Form 12 b. Form 11 c. Form 10 d. Form 9

(46)At which place the LLP shall maintain books of accounts:

a. At its Branch Office b. At its Corporate Office
c. At its Head Office d. At its Registered Office

(47)Whether a HUF can become partner in LLP:

a. HUF may become partner of LLP provided the Registrar may grant permission in this behalf.
b. No, HUF can't become partner in the LLP. c. Yes, HUF may become partner of LLP.
d. None of the above.

(48)A LLP shall be governed by the provisions of:

a. The Companies Act, 2013 b. The Limited Liability Partnership Act, 2008
c. The Co-operative Societies Act, 1912 d. The Indian Partnership Act, 1932

(49)which form is typically used for changing the name of an LLP?

(a) FormLLP -1 (b) Form LLp-2 (c) Form LLp-3 (d)form LLp-4

50. Where the price is not determined by the parties to the contract of sale of goods, what price shall be paid by the buyer:

a. The buyer shall pay the seller a reasonable price.

b. The buyer shall determine the price at his discretion.
c. The seller shall determine the price at his discretion.
d. The seller shall charge the price according the market forces.

51. What is whistleblowing in the contract of an LLP?

a. A secret meeting among partners b. Reporting illegal activities or wrong doing with in LLP

c. An annual financial report d. A type of LLP tax deduction

52. A limited liability partnership is

A. Not a separate from that of its partners B. a legal entity separate from that of its partners
B. C. A body corporate D. only B and C are correct

53. A condition is a stipulation to main purpose of the contract, the breach of which give rise to a right to treat the contract as
repudiate.
a. Not essential b. not collateral c. Essential d. Collateral

54. What is an implied warranty in the salke of goods Act

a. A warranty that musr be explicity stated in the contract b. A warranty that arises by operation of law
c. AQ warranty applicable to specific goods d. a warranty for used goods

55. which one is not implied condition in contract of sale

a. condition as to title b. Condition as to description c. condition as to free from encumbrance d. condition as to merchantability
56. Delivery of the keys of godown where goods are kept amount to
a. Actual delivery b. symbolic delivery c. constructive d. All of the above

57. The term delivery define under which section

a. Sec 4 b. Sec. 3 c. Sec. 2(2) d. Sec 2(10)

58. Sale is a ----contract

a. Implied b. Executed c. Agreed d. executor

59. general property in goods means------------

a. Ownership of the goods b. Possession of goods c. Sales of Goods D. Transfer of goods

60. Auction means -----

a. Donation b. A public sale C. A private sale D. Neither a nor b