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MGT611 Online Quiz No 03 Solution & Discussion Last Date: 03-02-2015

Important announcement

Quiz # 03



Dear Students

This is to inform that quiz 03 will be opened on 02nd February, 2015 and last date to attempt quiz will be 03rd February, 2015.


  • You can start attempting the quiz at any time but within given date(s) by clicking the quick link for Quiz on VU-LMS as it will become enabled within the mentioned dates.  As soon as the time will be over, it will automatically be disabled and will not be available to attempt it.
  • Quiz will be based on Multiple Choice Questions (MCQ's). Covering video Lectures 11 to 27.  
  • Each question has a fixed time limit of 90 seconds. So you have to save your answer before 90 seconds. But due to unpredictable/unstable Internet speed, it is strongly recommended that you save your answer within 60 seconds to avoid any inconvenience. While attempting a question, keep an eye on the remaining time.
  • Attempting quiz is unidirectional. Once you have moved forward to the next question, you will not be able to go back to the previous one. Therefore before moving to the next question, make sure that you have selected the best option and saved your answer.
  • DO NOT press back button of your browser or refresh the page while attempting a question. Otherwise you will lose the chance of attempting the current question and a new question will be loaded.
  • DO NOT try to disable “Java Script” in your browser; otherwise you will not be able to attempt the quiz.
  • If for any reason, you lose access to Internet (like power failure or disconnection of Internet); you will be able to attempt the quiz again but from the next question where you left in last attempt. But remember that you have to complete the quiz before expiry of the deadline.
  • If you failed to attempt the quiz in given time then no re-take or off line quiz will be held as compensation/replacement.


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As you know that Pre Mid-Term semester activities have started and load shedding problem is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDB's.

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Replies to This Discussion

Please all students related this subject Share your online Quizzes here to help each other.thanks


Please share the question and their answers of this quiz if anyone has done.


Question # 1 of 20 ( Start time: 10:24:06 PM )     Total Marks: 1
As per Companies Ordinance, 1984, the maximum number of persons in a firm is:
Select correct option:
    10 persons
    20 persons
    30 persons
        50 persons
Question # 2 of 20 ( Start time: 10:24:51 PM )     Total Marks: 1
Section 126 of Contract Act provides that a contract of guarantee ___________.
Select correct option:
    May be oral
    May be written
        May either be oral or written
    Must be written
Question # 3 of 20 ( Start time: 10:25:57 PM )     Total Marks: 1
Which of the following is necessary for the registration of a company?
Select correct option:
    To seek approval of the name of the company proposed by the promoters
    Preparation of required documents to be submitted for registration
    Filing of application for registration of the company
        All of the given options

Question # 4 of 20 ( Start time: 10:26:39 PM )     Total Marks: 1
All of the following are true about Articles of Association, except:
Select correct option:
    It is subordinate to memorandum of association
    It is a doctrine of indoor management.
    An alteration in it can be made through a special resolution by the company
        It rises the contracts between the company and the out side world
Question # 5 of 20 ( Start time: 10:27:34 PM )     Total Marks: 1
When a promisee refuses to accept performance from the promisor, it is called ________.
Select correct option:
        Frustration of contract
    Vicarious performance
    Actual performance
Question # 6 of 20 ( Start time: 10:28:23 PM )     Total Marks: 1
An agreement to do impossible act, without the knowledge of parties that it is impossible, ______________.
Select correct option:
    Is void
    Is voidable
    Void ab initio
        Becomes void on discovery of impossibility
Question # 7 of 20 ( Start time: 10:29:18 PM )     Total Marks: 1
A principal sent goods to his agent to sell on credit. What is the duty of an agent according to section 213 of a Contract Act 1872?
Select correct option:
        Agent must sell goods on credit
    Agent must sell goods as soon as possible
    Agent must keep a proper account of sales
    Agent must use best of his skills to sale the goods
Question # 8 of 20 ( Start time: 10:30:29 PM )     Total Marks: 1
In case of breach of contract, measure of damages is the difference between:
Select correct option:
    Contract price and price fixed by court
    Contract price and market price on the date of breach
    Contract price and expected selling price
        Contract price and the highest market price during the continuance of court
Question # 9 of 20 ( Start time: 10:31:57 PM )     Total Marks: 1
According to section 17 of contract act, which of the following includes ‘the suggestion, as a fact, of that which is not true by a contracting party who does not believe it to be true’?
Select correct option:
    Undue influence
Question # 10 of 20 ( Start time: 10:32:44 PM )     Total Marks: 1
Which section of the contract act says that every agreement by which anyone is restrained from exercising a lawful profession, trade or business, is to that extent void?
Select correct option:
    Section 26
        Section 27
    Section 28
    Section 29
Question # 11 of 20 ( Start time: 10:33:53 PM )     Total Marks: 1
The court may grant rescission when ___________.
Select correct option:
    Contract is void
    Contract is voidable
    Contract is illegal
        Contract is unenforceable
Question # 12 of 20 ( Start time: 10:35:09 PM )     Total Marks: 1
Sale of goods on cash is an example of _____________.
Select correct option:
    Mutual and independent promises
    Mutual and concurrent promises
    Conditional and independent promises
        None of the given options
Question # 13 of 20 ( Start time: 10:36:29 PM )     Total Marks: 1
Which of the following is a Contingent Contract?
Select correct option:
        Wagering contract
    Contract through coercion
    Contract for credit sale
    Contract of guarantee

Question # 14 of 20 ( Start time: 10:37:08 PM )     Total Marks: 1
When a contract is duly performed by both the parties to contract, the contract:
Select correct option:
    Becomes void
    Becomes valid
        Comes to an end
    Becomes voidable
Question # 15 of 20 ( Start time: 10:38:23 PM )     Total Marks: 1
All of the following is essentially contained in the certificate of incorporation of a company, EXCEPT:
Select correct option:
    Date of issuance
    Name of the company
    Commencement of business
        Amendments in the company’s particulars
Question # 16 of 20 ( Start time: 10:39:42 PM )     Total Marks: 1
All of the following are purposes of Companies Ordinance, 1984, EXCEPT:
Select correct option:
    Consolidate and amend the law relating to companies
    Healthy growth of all businesses
    Prevention of malpractices
    Full and fair disclosure of information
Question # 17 of 20 ( Start time: 10:41:14 PM )     Total Marks: 1
An agent appointed to do all acts in association with a particular business is called:
Select correct option:
        General agent
    Special agent
    Universal agent
    Mercantile agent

Question # 18 of 20 ( Start time: 10:42:33 PM )     Total Marks: 1
Which of the following is NOT a type of damages?
Select correct option:
    Ordinary damages
    Liquidated damages
        Compound damages
    Nominal damages

Question # 19 of 20 ( Start time: 10:43:23 PM )     Total Marks: 1
Which of the following is NOT a kind of shares of a limited company?
Select correct option:
        Capital share
    Preferred share
    Deferred share
    Bonus share
Question # 20 of 20 ( Start time: 10:44:26 PM )     Total Marks: 1
Which of the following contracts may not be performed personally?
Select correct option:
    To sing a song
    To act in a picture
    To paint a house
        To marry


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