Law Legal Studies

Legal Principles and Remedies

1,705 Questions

This hub provides practice questions on tort liability, professional negligence, and compensatory damages. It covers key legal principles related to contracts, product liability, and defenses like comparative negligence. These topics are vital for law students and candidates preparing for judiciary examinations.

Tort and vicarious liabilityNegligence and professional liabilityCompensatory and punitive damagesContract breach remediesLegal defense strategies

Legal Principles and Remedies Questions

Multiple choice commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

Which of the following is incorrect?

  1. Ordinary damages are recoverable

  2. Special damages are recoverable only if both the parties knew about them

  3. Indirect damages are not recoverable

  4. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Ordinary damages are recoverable, special damages are recoverable if known to both parties, and indirect (remote) damages are generally not recoverable. Since all statements A, B, and C are correct, 'none of the above' is the correct choice for an 'incorrect' question.

Multiple choice commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

Which of the following give(s) a right to claim damages for its breach?

  1. Conditions

  2. Warranties

  3. Both (A) and (B) above

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A breach of a condition gives the right to rescind the contract and claim damages, while a breach of warranty gives the right to claim damages only. Both allow for a claim of damages.

Multiple choice organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

Which ONE of the following is unlikely to constitute unfairly prejudicial conduct?

  1. The payment of excessive remuneration.

  2. Preventing the members from obtaining the best price for their shares.

  3. The improper transfer of shares.

  4. Mismanagement
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Mismanagement. (usually uncountable, plural mismanagements) The process or practice of managing ineptly, incompetently, or dishonestly. The value of the firm's stock fell precipitously when word leaked out that officers of the company were under investigation for gross mismanagement.

Multiple choice organization of commerce and management consumerism the consumer protection act, 1986 consumer protection commerce

Which is not an option for the victim of a breach of a condition?

  1. Accept the goods and lose the right of discharging the contract.

  2. Consider the breach of condition a breach of warranty and accept the goods.

  3. Keep the goods and lose any right to a remedy.

  4. Sure for damages but keep the goods.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Keep the goods and lose any right to a remedy- this is not an option for the victim of a breach of a condition. Legally, 'breach of a contract' refers to a situation when any one party fails to meet the conditions made on the contract.

Multiple choice organization of commerce and management ownership structures - sole proprietorship and joint hindu family business hindu undivided family business introduction to huf joint hindu family business

In case of HUF what are liabilities of coparcener and Karta?

  1. Both have unlimited liability

  2. Coparcener's liability is limited while Karta's liability is unlimited

  3. Karta's liability is limited while Coparcener's liability is unlimited

  4. Both have limited liability
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Joint Hindu family business is regulated by the Hindu succession act. According to it the business is owned and managed by the karta, the head of the family and the members of the family are its co parceners. Hence, the head of the family business is  called as karta. The liability of coparcener is limited whereas the liability of karta is unlimited.

Multiple choice organization of commerce and management ownership structures - sole proprietorship and joint hindu family business hindu undivided family business introduction to huf joint hindu family business

The liability of the karta is __________.

  1. Llmited

  2. unlimited

  3. not liable

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Karta is the head of the HUF and holds unlimited liability for the debts of the business, meaning their personal assets can be used to pay off business liabilities.

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

Which one of the following is not a remedy available in case of default?

  1. Sue for breach of contract and for damages.

  2. Repossess the goods after the buyer has resold them.

  3. Stop delivery of the goods.

  4. Demand specific performance.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Repossess the goods after the buyer has resold them.is not a remedy available in case of default.  When the buyer defaults on payments, possessions on something cannont be retaken..

Multiple choice civics our social environment changing family trends family trends contemporary indian society

Public interest litigation applies to any case of public injury arising from ___________.

  1. The breach of any public duty

  2. The violation of a constitutional provision

  3. The violation of the law

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Public Interest Litigation is litigation for the protection of the public interest. A PIL can be filed in any High Court or directly in the Supreme Court. It is not necessary that the petitioner has suffered same injury of his own or has had personal grievance to litigate. Public Interest Litigation applies to any case of public injury arising from:-

  • The violation of a constitutional provision
  • The violation of the law
  • The breach of any public duty

Multiple choice commerce performance of contract who will perform the contract performance, discharge, breach and remedies of contract business law and contract act

The liability of a surety:

  1. May be less than that of the debtor

  2. May be more than that of the debtor

  3. Always remains the same as that of a debtor

  4. Depends upon the judgment of court
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The liability of a surety is co-extensive with that of the principal debtor unless the contract provides otherwise.

Multiple choice elements of book keeping and accountancy trial balance develop the skill of preparing trial balance by balance method methods of preparing trial balance preparation of trial balance

Which of the following errors will not affect the agreement of trial balance?

  1. Errors of Complete Omission

  2. Compensatory Errors

  3. Errors of Principle

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Even after the trial balance tallies, that doesn’t means there is no error in the preparation.

  • Errors of complete omission - if a transaction is completely omitted or not recorded in the journal or any subsidiary books , it is termed as error of omission.  Such error will not effect the trial balance as it is not recorded on the debit side of an account nor on the credit side of another account.

  • Compensatory errors - compensating errors is when the effect of one error is neutralized by some other errors. For example, if Ram’s account is debited with 500 instead of 5000 and on the other hand Shyam’s  account is debited with 5000 instead of 500. This situation would not have any effect on the trial balance .

  • Error of principle – when the fundamental principle of accounting is violated while preparing the accounts, this is known as error of principle. These errors are made when there’s no proper distinction between capital and revenue items i.e., capital expenditure being treated as revenue expenditure and vice versa.

Multiple choice business organisation and correspondence partnership 4 - dissolution of a partnership firm meaning of dissolution of partnership firm modes of dissolution of firm dissolution of firm difference between realisation account and revaluation account payment of firm's debts and separate debts, realisation of assets and liabilities

In order to file a suit against a client for non-payment of dues an unregistered firm is required to first :

  1. File or FIR with the local police

  2. Get registered before filling the suit

  3. File a suit before a lower court

  4. Write off the amount as the some cannot be recovered in any case
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Registration of partnership is not compulsory under law. But if partnership firm is not registered, it can not enforce its claims against a third party in the court of law. So, to file a suit against a client registration is compulsory. 

Multiple choice social studies importance of transport system importance of transportation system introduction to transport and communication transportation services language, writing and great books

Which of the following is an indirect cost of accident?

  1. Money spent in treatment of injured person

  2. Cost of lost time of injured person

  3. Both A and B

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Indirect costs of accidents include lost productivity and time, while direct costs typically involve medical expenses and property damage. Both are considered significant economic impacts of workplace accidents.

Multiple choice commercial applications generally accepted accounting principles (gaap) acccounting cycle meaning, need and objectives of accounting accounting process

The liability of auditor can be ____________.

  1. Only civil

  2. Only criminal

  3. Either civil or criminal

  4. Civil and/or criminal
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

An auditor can face civil liability for negligence and criminal liability for fraud or willful misstatement under various sections of the Companies Act.

Multiple choice elements of business partnership 2 - organisation, classification, rights, duties and liabilities of partners types of partners types of partners and partnership firms types, rights and duties of partners

When a minor attains majority, he is liable for _________.

  1. from the date of attaining majority

  2. all the liabilities

  3. only for liabilities which are dealt by him

  4. for all liabilities since the date of admission to the firm as a minor.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
He is not personally liable to third parties for the debts of the firm, on attaining majority, if he continues as a partner, his liability will become unlimited with effect from the date of his original admission into the firm. When a minor becomes major then within 6 months of his attaining the majority he has to elect whether he wants to be a partner or not he may give a public notice regarding his wish to be a partner or not but if he fails to give any notice then he is deemed to be a partner.