Prepare for competitive exams with Mercantile Law MCQs, covering key topics like contracts, company law, partnerships, trade practices, and more. Ideal for CSS, FPSC, PPSC, SPSC, KKPSC, and BPSC exam preparation.
A. An equal right in the management of the business;
B. Limited liability for breach of contract;
C. A joint ownership of the business
D. None of these
A. Hiring a new employee
B. Purchasing new office equipment;
C. Admitting new partners;
D. None of these
A. Lien;
B. Stoppage in transit;
C. Sale;
D. None of these
A. B can reject the delivery;
B. He can not reject the delivery;
C. B must accept the delivery;
D. None of these
A. Revocation;
B. Rejection;
C. Counter Offer;
D. None of these
A. refuse to enforce the agreement;
B. select the lowest quoted price for milk and insert it into the contract;
C. determine a reasonable price and insert it into the contract;
D. None of these.
A. By rejection;
D. By acceptance;
C. By counter offer;
D. None of these
A. Probably not, the terms are not definite;
B. Probably yes;
C. Definitely not because A failed to communicate the offer;
D. None of these
A. A and B had a unilateral contract;
B. A and B had an executory contract;
C. A and B had an executed contract;
D. None of these
A. bilateral contracts;
B. unilateral contracts;
C. implied contracts;
D. None of these
