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CA CPT Previous Year Papers

Mercantile Law

Level of Knowledge : Basic knowledge

Mercantile Law

Objective :

6. A person who had the means of discovering the truth with ordinary diligence can avoid the contract on the ground of misrepresentation. This statement is _______

a) True
b) False
c) Partly true
d) Can't say

7. Agreement the meaning of which is uncertain is _______

a) Valid
b) Void
c) Voidable
d) Illegal

8. Contract can be discharged by:-

a) Novation
b) Performance
c) Alteration
d) All of the above

9. Acceptance of consideration lesser than that agreed is known as _______

a) Rescission
b) Novation
c) Remission
d) Alteration

10. Reciprocal promises are __________

a) Promises made by both parties to the contract
b) Promise made by promisor only
c) Promise made by promise only
d) None of these

Previous Year Question Papers 2014