CA Foundation Business Law MCQs

Contract of Indemnity and Guarantee 1. What is a contract of indemnity? a) A contract to compensate for loss caused to a third partyb) A contract to compensate for loss caused to the promiseec) A contract of guaranteed) A contract between two companiesAnswer: b) A contract to compensate for loss caused to the promisee 2. […]

Other Essential Elements of a Contract – MCQs 1. Which of the following is not an essential element of a valid contract?A. Free ConsentB. Lawful ConsiderationC. RegistrationD. Lawful Object Answer: C. Registration 2. Consent is said to be free when it is not caused by:A. CoercionB. Undue InfluenceC. FraudD. All of the above Answer: D. […]

Indian Regulatory Frame MCQS 1. The Indian Contract Act was enacted in which year?a) 1857b) 1872c) 1900d) 1947 Answer: b) 1872 2. Which of the following is not a source of Indian business law?a) Constitution of Indiab) Judicial decisionsc) Religious textsd) Company Memorandum Answer: d) Company Memorandum 3. SEBI was established in the year:a) 1988b) 1992c) 1995d) […]