CMA Foundation Ch 2 Unit 4 Capacity of Parties, Free Consent Quiz 0 Created on November 30, 2023 By admin CMA Foundation Chapter 2 Unit 4 Capacity of Parties, Free Consent Quiz 1 / 21 When both the parties to an agreement are under a mistake as to a matter of fact essential to an agreement, the agreement is: Void Valid Voidable Illegal 2 / 21 If both the parties to a contract believe in the existence of a subject, which infact does not exist, the agreement would be ________. Unenforceable Void Voidable None of these 3 / 21 Silence is fraud when silence is, in itself equivalent to speech. This statement is: True False Untrue in certain cases None of these 4 / 21 A person is deemed to be in a position to dominate the will of another if he: Holds real or apparent authority Stands in a fiduciary relationship Both (a) and (b) Either (a) or (b) 5 / 21 If A sells, by auction to B a horse which A knows to be unsound and A says nothing to B about the horse’s unsoundness, this amounts to: Fraud Not fraud Unlawful Illegal 6 / 21 A master asks his servant to sell his cycle to him at less than the market price. This contract can be avoided by the servant on grounds of: Coercion Undue influence Fraud Mistake 7 / 21 A threatens to shoot B, if B does not agree to sell his property to A at a stated price. B’s consent in this case has been obtained by ________. Fraud Undue influence Coercion None 8 / 21 ‘A’ threatened to commit suicide if his wife did not execute a sale deed in favour of this brother. The wife executed the sale deed. This transaction is: Voidable due to under influence Voidable due to coercion Void being immoral Void being forbidden by law 9 / 21 If consent in not free due to coercion, undue influence, fraud, and misrepresentation then the agreement is: Void Voidable Illegal Valid 10 / 21 While obtaining the consent of the promisee, keeping silence by the promisor when he has a duty to speak about the material facts, amounts to consent obtained by: Coercion Misrepresentation Mistake Fraud 11 / 21 With regard to the contractual capacity of a per-son of unsound mind, which one of the following statements is most appropriate? A person of unsound mind can never enter into a contract. A person of unsound mind can enter into a contract A person who is usually of unsound mind can contract when he is, at the time of entering into a contract, of sound mind A person who is occasionally of unsound mind can contract although at the time of making the contract, he is of unsound mind 12 / 21 When a person, who is in dominating position, obtains the consent of the other by exercising his influence on the other, the consent is said to be obtained by: Fraud Intimidation Coercion Undue influence 13 / 21 Lending money to a borrower, at high rate of interest, when the money market is tight renders the agreement of loan: Void Valid Voidable Illegal 14 / 21 “Active concealment of fact” is associated with which one of the following? Misrepresentation Undue influence Fraud Mistake 15 / 21 An agreement made under mistake of fact, by both the parties, forming the essential subject matter of the agreement is: Void Voidable Valid Unenforceable 16 / 21 Unlawfully detaining or threatening to detain any property, to the prejudice of any person making him to enter into an agreement amounts to: Threat Coercion Undue influence Misappropriation 17 / 21 An agreement caused by unilateral mistake of fact is: Void Voidable Illegal Valid 18 / 21 Where a person is in a position to dominate the will of another person and uses that position to obtain on unfair advantage it is called: Fraud Coercion Undue influence Misrepresentation. 19 / 21 A buys an article thinking that it is worth ₹ 100 when in fact it is worth only ₹ 50. There has been no misrepresentation on the part of the seller. The contract is: Valid Void Voidable Unenforceable 20 / 21 If the agreement is made by obtaining consent by doing an act forbidden by the Indian Penal Code, the agreement would be caused by: Coercion Fraud Misrepresentation Undue influence 21 / 21 If there is no consent the agreement is: Void Voidable Illegal Valid Your score isThe average score is 0% LinkedIn Facebook Twitter VKontakte 0% Restart quiz 0 Created on November 30, 2023 By admin CMA Foundation Chapter 2 Unit 4 Capacity of Parties, Free Consent T/F 1 / 17 A contract is not voidable only because there is a mistake of Indian law. True False 2 / 17 Ignorance of foreign law is put on a same level with ignorance of fact. True False 3 / 17 True False 4 / 17 A promise made without any intention of performing it amounts to fraud. True False 5 / 17 Undue influence can be exercised only between the parties who are related to each other. True False 6 / 17 In case of fraud, the aggrieved party loses the right to rescind the contract if he had the means of dis-covering the truth by ordinary diligence. True False 7 / 17 If there is no damage, there is no fraud. True False 8 / 17 Undue influence can be exercised only by a party to the contract. True False 9 / 17 Undue influence involves use of moral pressure. True False 10 / 17 A threat amounting to coercion must necessarily proceed from a party to the contract. True False 11 / 17 In the absence of consent, there can be no contract. True False 12 / 17 A contract is not voidable merely because it was caused by one of the parties to it being under a mistake as to a matter of fact. True False 13 / 17 Mere silence as to facts likely to affect the willingness of a person to enter into contract is not fraud. True False 14 / 17 A person who is usually of unsound mind but occasionally of sound mind can always enter into contract. True False 15 / 17 Consent obtained by fraud makes the agreement void. True False 16 / 17 A threat to commit suicide does not amount to coercion. True False 17 / 17 A deceit which does not deceive is no fraud. True False Your score isThe average score is 0% LinkedIn Facebook Twitter VKontakte 0% Restart quiz
