Business Law MCQ on Capacity of Parties | Business Law MCQs for CA Foundation and Other Competitive Exams

Business Law MCQ on Capacity of Parties: Check the below Business Law MCQ on Capacity of Parties with Answers Pdf free download. Business Law MCQ on Capacity of Parties Questions for Business Law with Answers were prepared based on the latest exam pattern. We have provided Business Law MCQ on Capacity of Parties with Answers to help students understand the concept very well.

Business Law MCQ on Capacity of Parties

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1. A supplies B, a lunatic, with necessaries suitable to his condition in life. A is ________.
(a) Not entitled to be reimbursed from B’s property
(b) Entitled to be reimbursed from B’s property
(c) Personally liable
(d) None of these

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2. Minor’s contract is _______.
(a) Voidable
(b) Voidable at the option of the minor
(c) Illegal
(d) Void

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3. ________ is the most extreme form of mental un-soundness?
(a) Lunacy
(b) Incapacity
(c) Minority
(d) Idiocy

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4. For necessaries supplied to a minor ________.
(a) he is personally liable
(b) his parents are liable
(c) his estate is liable
(d) the contract is valid under Indian law

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5. A minor ______.
(a) Can be a promisee
(b) Cannot be an agent
(c) Can be a principal
(d) Can ratify a past contract entered during minority

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6. A minor is a person who has not attained the age of:
(a) 15 years
(b) 18 years
(c) 21 years
(d) 25 years

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7. Consent given to a contract under some misrepresentation by the other party makes the contract.
(a) void
(b) invalid
(c) unenforceable
(d) voidable

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8. An agreement with a minor is:
(a) Void
(b) Voidable
(c) Valid
(d) Illegal

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9. A mortgage executed by minor is _______.
(a) Void
(b) Voidable
(c) Both (a) and (b)
(d) Neither (a) nor (b)

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10. A contract for the benefit of the minor is:
(a) Valid
(b) Void
(c) Voidable
(d) Illegal

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By Team Learning Mantras