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Which of the following is not true about prospectus?

 

Select correct option: 

 It is an invitation to public

 It does not show profits made by the promoters

 It should be for subscription to shares or debentures

 It is made on behalf of a company

 

 

Mr. S delivered some ornaments for safe custody to his neighbor, without any charge for that. This is _________.

 

Select correct option: 

  Contract of indemnity

 Contract of bailment  Not sure

 Contract of pledge

 Not a valid contract

 

Fraudulent misrepresentation as to contents of documents makes the contract ________.

 

Select correct option: 

 Void

 Voidable

 Illegal

 Enforceable

 

 

  

Fraud by one party in a contract is defined in which section of contract act?

 

Select correct option: 

 

Section16

 Section17

 Section18

 Section19

 

 

Which of the following is NOT true about Law?

 

Select correct option: 

 

Law is to maintain rights

 Law upholds justice 

 Law is used to redress wrongs

 Law does not ensures public order

 

 

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

 

 

Which of the following is a Contingent Contract?

 

Select correct option: 

 

 

 Wagering contract

 Contract through coercion

 Contract for credit sale

 Contract of guarantee

 

Common rule of law is that there is no fraud if:

 

Select correct option: 

 

 

 The other party is deceived

 There is some damage of other party

 There is no damage of other party

 There is false representation

 

In which section of Contract Act, the definition of proposal is provided?

 

Select correct option: 

 

 

 Section 1(e)

 Section 1(f)

 Section 2(a)

 Section 2(d)

 

Performance of reciprocal promises has been discussed in which part of the Contract Act, 1872?

 

Select correct option: 

 

 

 Section 20 – 25

 Section 31 – 37

 Section 46 – 50

 Section 51 – 54

 

 

  

 

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