Practice Test 27
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A contracts to pay B Rs. 5,00,000/- if B’s house is destroyed by fire. It is __________.

A contract to do or not to do something if some event, collateral to such contract does or does not happen is __________.

A and B, co-owners, agree to conduct the business in common for profits.

A intending to deceive B falsely represents that 750 tons of sugar is produced per annum at the factory of A and hereby induces B to buy the factory. The contract is avoidable at the option of __________.

In which of the following cases the partnership relationship does not exist:

A bonafide agreement between persons not to bid against each other at an auction sale.

Total substitution of new contract in place of the old contract takes place in case of ___________.

The communication of an acceptance is complete as against the acceptor, __________.

___________ does not exist.

Where a person asserts something which is not true, though he believes it to be true, his assertion amounts to ___________.

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MERCANTILE LAWS
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