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

Business Law MCQ on Conditions and Warranties

1. If the condition as to the title of goods is not fulfilled, the buyer __________.
(a) may reject the goods
(b) has no alternative but to buy the goods
(c) may reject the goods and claim damages
(d) all the above

2. What are implied stipulations of a contract?
(a) agreed by the parties.
(b) incorporated by law unless specifically agreed otherwise
(c) implied by the circumstances
(d) implied by trade customs

3. “If you contract to sell peas, you cannot oblige a party to have beans”: this statement applies to __________.
(a) a implied condition as to be description of goods
(b) the implied condition as to fitness of goods for a particular purpose
(c) implied condition as to sample
(d) implied condition as to title

4. Breach of a warranty gives rise to __________.
(a) claim for damages
(b) a right to treat the contract as repudiated
(c) both ‘a’ and ‘b’
(d) either ‘a’ or ‘b’

5. Under section 11 of the Sale of Goods Act, 1930, the time of payment can be of the essence of the contract __________.
(a) by agreement between the parties
(b) by operation of law
(c) both (a) and (b)
(d) either (a) or (b)

6. A warranty is stipulation __________.
(a) essential to the main purpose of the contract
(b) collateral to the main purpose of the contract
(c) very important to the seller
(d) very important to the buyer

7. Whether or not any stipulation other than time of payment is of the essence of the contract depends upon __________.
(a) application of section 11
(b) operation of law
(c) terms of the contract
(d) all of the above

8. Conditions are stipulations __________.
(a) essential to the main purpose of the contract
(b) collateral to the main purpose of the contract
(c) either ‘a’ or ‘b’
(d) neither ‘a’ nor ‘b’

9. A stipulation in a contract of sale which is collateral to the main purpose of contract is called as __________.
(a) guarantee
(b) warranty
(c) condition
(d) term

10. Breach of a condition gives rise to __________.
(a) claim for damages
(b) a right to treat the contract as repudiated
(c) both ‘a’ and ‘b’
(d) either ‘a’ or ‘b’

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By Team Learning Mantras