MCQS # 9

1)A ____ is a stipulation essential to the main purpose of the

contract
. A)Warranty B Condition c Agreement d Trade
2)A warranty is a stipulation collateral to the main purpose of the
contract, the breach of which gives rise to a ____, but not a right
to reject the goods and treat the contract as repudiated
. A) Claim for damages bInterfere with the buyer possession of
goodsc)Usage of trade d)Examine the goods
3)The ____ gives rise to a claim for damages but not the right to
reject the goods and treat the contract as repudiated.
A)Conditions

b Price

c Breach of contract d non of these

4)_______ simply means voluntary transfer of possession from one

person to another.
A) delivery. b resale.

purchase.

mortgage.

5)In the absence of any _____ , the seller of the goods is not bound
to deliver them until the buyer applies for the delivery
a) valid contract.
d void contract

b executed contract.

c express contract.

6) In section 25 of the new ordinance, the words notice of

lockout or strike have been replaced by the words notice of
conciliation
a)Notice of strike
b) notice of lockout
d) notice of conciliation

c) notice of adjudicate

7)In IRO 2002, the rest of the procedure pertaining to the

conciliation proceedings, declaration of strike and lockout remains
the same as in the IRO, 1969 a)IRO 2000
b) IRO
1969
c) IRO 1995
d) IRO 1990
8)The period on the expiry of which the appropriate govt. may
prohibit a strike or lockout has been reduced from thirty to fifteen
day
a)20 to 15 days
d) none of these

b) 30 to 15 days

c) 15 to 7 days

9)In the case of strike and lockout, the workmen are subject to
send a 15 day notice to the employer
a)15 day
d) 10 day

b) 30 day

c) 40 day

10)The party raising the dispute may at any time, make an

application to the Labour Court for adjudication of the dispute
a)Federal government
court
d) all

b) provincial government c) Labour

11 ) In an institution having more than 50 employees, the

employer constitutes a Works Council consisting of
representative of _________.
(a) employers and workmen (b) employees and workmen (c)
bosses and employees (d) bosses and workmen
12) A Works Council is constituted by employers consisting of
representative of employers and workmen, in any establishment
in which more than ______ workmen are employed.
(a) 70 (b) 55 (c) 75 (d) 50
13) The number of representatives of workmen is not ______ the
number of representative of the employer
. (a) more than (b) less than (c) equal to

14) The number of representatives of employer is not ______ the

number of representative of the workmen.
(a) less than (b) equal to (c) more than

15) The collective bargaining agent shall nominate the

representatives of workmen in the establishment where there is
______ trade unions/union.
(a) one or more (b) two or more (c) one(d) two of them.
16) Wage period shall not exceed _____ month(s).
a) Two b) three c) four d) one
17) This act applies to workmen with monthly wages under:
a) 3000 b) 5000 c)30000
18) All realization of fine shall be applied only to such purposes
beneficial to the _____.
a) Employee b) employer c) contractor
19) In which year was the first suggestion for the legislation in the
act made?
a) 1934 b) 1925 c) 1936 d) 1937
20) A single application may be presented under section ___ on
behalf or in respect of any number of employed persons.
a) Sub section 3 of section 15
d) Section 10

b) Section 15

c) Section 14

21)In case of sea transit, if the seller fails to give reasonable

notice to buyer for enabling him to insure the goods during sea
voyage, he may be;

a)Held liable for risk during such transit. B)Free from being liable
for risk during such transit.
c)Charged for delivering new batch of products. D)None of the
above.
22)If buyer accepts the whole of the goods , larger in quantity
than his demand, he shall pay for them at;
a)Rate more than contract rate. B)Rate less than contract
rate.c)Contract rate.d)New rate fixed by the seller.
23)When the seller delivers to buyer the goods demanded mixed
with goods of a different description not included in the contract,
the buyer may;
a)Accept the whole. B)Reject the whole. C)Accept the goods
which are in accordance with the contract, reject the rest
or reject the whole..
24)When the buyer of goods becomes insolvent, the unpaid seller
who has parted with the possession of the goods has ____.
a)The right to ownership b)The right of resale c)The right of
stopping them d)The right of lien
25)If the seller issues documents of title to goods to the buyer
and he transfers the documents to the person who takes the
documents in good faith and for consideration by way of sale, the
unpaid sellers right of lien or stoppage in transit is
a)Increased b)Not effected c)Gained d)Lost
26)Unpaid seller after giving notice to the buyer to resell goods
may resell the goods within a reasonable time and recover from
original buyer for any loss occasioned by ____. A)Breach of
contract b)Voidable contract c)Executor contract d)Execute
contract

27)An agreement between the bidders not to bid against each

other is called ______ agreement. A)Knockout b Direct c
Subliminal d Intensive
28)An auctioneer is liable for damages if he had _______.
A)Misbehave in any mannerb)No authority to sell the goods
c)Rights to sell the goods
d)All of the above
29)Where there is a breach of warranty by the seller, the buyer
may deduct the damages from the prices of the goods and ____
against the seller. A)Pay the balance only b Pay full price only c
Bring a suit for damages only d All of the above
30)The damages of goods by the seller that can be claimed are
those ___. A)Which are directly caused by the breach b Which are
naturally caused by the breach c Both a and b d None of the
above
31)One of the following is called the cardinal principle of
partnership law: a)Carrying on of business by all or any of them
acting for all bSharing of profits c)Compensation payable for
working partners d)Sharing of losses
32)The prima facie evidence of sharing of profits can be rebutted
by a stronger evidence by proving that there is no ___________:
a)Mutual benefit b)Mutual interestc)Mutual fund d)Mutual agency
33)Effect of one of the following will not be considered for
determining the existence or otherwise of a partnership:a)Written
or verbal agreement b)Surrounding c)Real intention and conduct
of the parties d)None of the above
34)One of the following persons in receipt of the share of profits
of a business will be treated as a partner of the business: a)Widow
or child of a deceased partner b)Lender of money to persons
engaged in business c)Previous owner of part of the business
d)None of the above

35) The essential elements of partnership does not include:

a)There must be an association of two or more persons b)There
must be an agreement to share profits c)There must be mutual
agency among partners d)The relationship must be registered
36) Wage period shall not exceed _____ month(s).
a) Two b) three c) four d) one
37) This act applies to workmen with monthly wages under:
a) 3000 b) 5000 c)30000
38) All realization of fine shall be applied only to such purposes
beneficial to the _____.
a) Employee b) employer c) contractor
39) In which year was the first suggestion for the legislation in the
act made?
a) 1934 b) 1925 c) 1936 d) 1937
40) A single application may be presented under section ___ on
behalf or in respect of any number of employed persons.
a) Sub section 3 of section 15 b) Section 15 c) Section 14
d) Section 10