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IBPS - SO - LAW - QUIZ : 08.01.2016

Bankers Guru

Q.1. Communication of acceptance is complete as against the acceptor :

(1) When it comes to the knowledge of the proposer

(2) When it is put in the course of transmission

(3) When it is communicated to the acceptor that the acceptance has reached the proposer.

(4) When the proposer conveys the acceptance to the acceptor.

(5) When it is delivered in his residence 

Ans: (1)

Q.2. A by threat of suicide his wife and son to execute a release dead in favour of his brother in respect of certain properties they claimed as their own. The threat by A amounts to "

(1) Undue influence (2) Coercion

(3) Fraud (4) Misrepresentaiton

(5) Decoy

Ans: (2)

Q.3. A contracts to pay B Rs. 10,000/- If B's house is burnt. The contract is:

(1) Voidable contract (2) Wagering contract

(3) Unlawful contract (4) Contrigent contract

(5) Other than these options

Ans: (4)

Q.4. When does the Doctrine of frustration come into play?

(1) When there is commercial hardship

(2) When the object has failed

(3) When either of the parties feels frustrated

(4) When both the parties feel frustrated

(5) When there is inability to earn

Ans: (2)

Q.5. Which of the following is the primary object of law of damges for a breach of contract?

(1) To give some tyhpe of compensation

(2) To punish the party who committed breach of contract

(3) To put the party who sustained loss in the same position as if the contract has been performed

(4) To enrich the party who sustained loss.

(5) To initiate mediation

Ans: (3)

Q.6. An advertisement inviting tenders is:

(1) An offer (2) An invitation to offer

(3) Standard form of contract (4) A legal obligation

(5) A formal notification

Ans: (2)

Q.7. In order to create a contract the offer made must be intended to create a:

(1) Social binding (2) Moral binding (3) Legal binding

(4) Monetary Benefit (5) Legal sanction

Ans: (3)

Q.8. Promise made by a person to, give some award on doing some specific act, if done by a person not aware about that offer will give rise to a:

(1) Valid contract (2) Invalid contract 

(3) Voidable contract (4) Moral contract

(5) Legitimate contract

Ans: (2)

Q.9. In order to convert a proposal into a promise, the acceptance must be :

(1) Conditional (2) Qualified (3) Absolute and unqualified

(4) All of the above (5) Other than these options

Ans: (3)

Q.10. A promise in absence of consideration is:

(1) Binding (2) Not binding (3) creates legal obligation

(4) Gratuitous (5) Legal Tender

Ans: (4)

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