Commercial Law - MCQs

1. What is the primary purpose of the Law in society?

• To promote inequality

• To restrict individual freedoms

• To favor certain groups over others

• To maintain order, justice, and protect rights

Which school of law is concerned with the intersection of law and gender, advocating for legal changes to address gender-based inequalities?

• Legal Realism

• Feminist Legal Theory

• Historical School

• Natural Law

According to Legal Positivism, what is the law's validity based on?

• Morality

• Social acceptance

• Legislative enactment

• Natural order

The Natural Law theory suggests that an unjust law is:

• Always morally valid

• Valid if it serves the greater good

• Invalid and should be challenged

• Valid if enacted by a democratic government

Which school of law asserts that law is a reflection of the will of the sovereign authority and must be obeyed regardless of its content?

• Legal Realism

• Positivist Law

• Utilitarianism

• Feminist Legal Theory

Who is the head of the judiciary in Sri Lanka?

• The President

• The Prime Minister

• The Chief Justice

• The Attorney General

What is the primary legal instrument that holds the status of the paramount legal document in Sri Lanka?

• The Vinaya Pitaka

• Supreme Court Rules

• The Mahavamsa

• The Constitution of Sri Lanka

1. Which of the following elements is NOT required for a valid contract to exist?

• 1. Offer and acceptance

• 1. Legal purpose

• 1. Capacity of the parties

• 1. Written agreement

1. In contract law, an invitation to treat is:

• 1. A valid contract

• 1. An offer that can be accepted immediately

• 1. A preliminary negotiation or invitation for others to make an offer

• 1. A legally binding commitment

1. What is the legal term for an agreement in which both parties make mutual promises to each other?

• 1. Unilateral contract

• 1. Bilateral contract

• 1. Executed contract

• 1. Express contract