Avatto > UGC NET COMMERCE > PRACTICE QUESTIONS > Legal Aspects of Business > Legal Aspects of Business Section 1

Legal Aspects of Business MCQ - Legal Aspects of Business Section 1

61 A is employed by B, residing in London, to recover at Bombay a debt due to B.

A
A may adopt any illegal process necessary for the purpose of recovering the debt and may give a valid discharge for the same
B
A may not adopt any legal process necessary for the purpose of recovering the debt and may give a valid discharge for the same
C
A may adopt any legal process necessary for the purpose of recovering the debt and may give a valid discharge for the same
D
None of these

62 A lends a horse, which he knows to be vicious, to B. He does not disclose the fact that the horse is vicious. The horse runs away. B is thrown and injured.

63 A makes a contract with B to buy B’s horse if A survives C.

64 A owes B 1,000 rupees under a contract. B owes B 1,000 rupees. B orders A to credit C with 1,000 rupees in his books, but C does not assent to the arrangement.

65 A owes B 2,000 rupees, B accepts some of A’s goods in the reduction of the debt.

Your Progress

0%

Start Practising!

You've answered 0 of 69 questions in this topic.

Practice Spotlight

Build momentum in Legal Aspects of Business Section 1

Start with a short question set, review every explanation, and revisit difficult questions before moving ahead.

Day 8 / 10

Global Spotlight

Challenge Your Accuracy

Strong work at 0% accuracy. Attempt the hardest Legal Aspects of Business Section 1 questions and explain why every incorrect option is wrong.

Day 2 / 10

Question Spotlight

Question:

A stipulation in a bond for payment of compound interest on failure to pay simple interest at the same rate as was payable upon the principal is not…

A. Section 74 of the Indian Contract Act, 1872
B. Section 75 of the Indian Contract Act, 1872
C. Section 76 of the Indian Contract Act, 1872
D. None of these

Correct answer: A

Click to view the complete question details

Day 8 / 10 Open this question

Community Insight

Based on 37 saved attempts

Most Attempted TopicLegal Aspects of Business Section 1
Most Challenging TopicLegal Aspects of Business Section 1
Average Accuracy95%

Featured Question

(Based on recent community answers)

Q. #18492100% Incorrect

A sub-bailee is a person to whom the actual possession of goods is transferred by…

Try This Question →

This Week's Challenge

Complete 20 questions and set the community benchmark!

0 / 20 Start Challenge →

Why Practice with Avatto?

High Quality MCQsExam-focused questions with accurate answers

Detailed ExplanationsStep-by-step explanations to enhance learning

Latest Exam PatternBased on updated syllabus and pattern

Performance AnalyticsTrack performance and improve weak areas

100% Free PracticePractice unlimited questions for free

Forgot your password?

I agree with the Terms.