Question 1

Which of the following statement is true?

Accepted Answer

A) There can be a stranger to a contract 
B) There can be a stranger to a consideration 
C) There can be a stranger to a contract & consideration 
D) None of the above 
A) There can be a stranger to a contract 
B) There can be a stranger to a consideration 
C) There can be a stranger to a contract & consideration 
D) None of the above B

Question 2

In case of illegal agreements the collateral agreements are

Accepted Answer

A) Valid Contract 
B) Void Contract 
C) Voidable Contract 
D) None of these 
A) Valid Contract 
B) Void Contract 
C) Voidable Contract 
D) None of these B

Question 3

Consent is not said to be free when it is caused by

Accepted Answer

A) Coercion 
B) Undue influence 
C) Fraud 
D) All of these 
A) Coercion 
B) Undue influence 
C) Fraud 
D) All of these D

Question 4

The threat to commit suicide amounts to

Accepted Answer

A) Coercion 
B) Undue influence 
C) Misrepresentation 
D) Fraud 
A) Coercion 
B) Undue influence 
C) Misrepresentation 
D) Fraud

Question 5

When the consent of a party is obtained by fraud, the contract is

Accepted Answer

A) Void 
B) Voidable 
C) Valid 
D) Illegal 
A) Void 
B) Voidable 
C) Valid 
D) Illegal

Question 6

Consideration must move at the desire of:

Accepted Answer

A) Promisor 
B) Promisee 
C) Any other person 
D) Any of these 
A) Promisor 
B) Promisee 
C) Any other person 
D) Any of these

Question 7

Which of the following statement is not true about minor's position in a form?

Accepted Answer

A) He cannot become a partner in an existing firm 
B) He can become a partner in an existing firm 
C) He can be admitted only to the benefits of any existing firm 
D) He can become partner on becoming a major 
A) He cannot become a partner in an existing firm 
B) He can become a partner in an existing firm 
C) He can be admitted only to the benefits of any existing firm 
D) He can become partner on becoming a major

Question 8

A minor's liability for 'necessaries' supplied to him

Accepted Answer

A) Arises after he attains majority age 
B) Is against only minor's property 
C) Does not arise at all 
D) Arises if minor gives a promise for it 
A) Arises after he attains majority age 
B) Is against only minor's property 
C) Does not arise at all 
D) Arises if minor gives a promise for it

Question 9

A void agreement is one which is

Accepted Answer

A) Valid but not enforceable 
B) Enforceable at the portion of both parties 
C) Enforceable at the portion of one party 
D) Not enforceable in a Court of Law 
A) Valid but not enforceable 
B) Enforceable at the portion of both parties 
C) Enforceable at the portion of one party 
D) Not enforceable in a Court of Law

Question 10

Which of the following statement is false?

Accepted Answer

A) Generally a stranger to a contract can not sue 
B) A verbal promise to pay a time barred debt is valid 
C) Completed gifts need no consideration 
D) No consideration is necessary to create an agency 
A) Generally a stranger to a contract can not sue 
B) A verbal promise to pay a time barred debt is valid 
C) Completed gifts need no consideration 
D) No consideration is necessary to create an agency

Question 11

Consideration may be

Accepted Answer

A) Past 
B) Present 
C) Future 
D) All of the above 
A) Past 
B) Present 
C) Future 
D) All of the above

Question 12

Which of the following is not an exception to the rule - No consideration, No contract.

Accepted Answer

A) Compensation for involuntary services 
B) Love & Affection 
C) Contract of agencies 
D) Gift 
A) Compensation for involuntary services 
B) Love & Affection 
C) Contract of agencies 
D) Gift

Question 13

An offer may lapse by

Accepted Answer

A) Revocation 
B) Counter Offer 
C) Rejection of offer by offeree 
D) All of these 
A) Revocation 
B) Counter Offer 
C) Rejection of offer by offeree 
D) All of these

Question 14

Which is the following is false? An acceptance:

Accepted Answer

A) Must be communicated 
B) Must be absolute and unconditional 
C) Must accepted by a person having authority to accept 
D) May be presumed from silence of offeree 
A) Must be communicated 
B) Must be absolute and unconditional 
C) Must accepted by a person having authority to accept 
D) May be presumed from silence of offeree

Question 15

Which is the following is false? An offer to be valid must;

Accepted Answer

A) Intend to create legal relations 
B) Have certain and unambiguous terms 
C) Contain a term the non?compliance of which would amount to acceptance 
D) Be communicated to the person to whom it is made 
A) Intend to create legal relations 
B) Have certain and unambiguous terms 
C) Contain a term the non?compliance of which would amount to acceptance 
D) Be communicated to the person to whom it is made

Question 16

Ordinarily, a minor's agreement is

Accepted Answer

A) Void ab initio 
B) Voidable 
C) Valid 
D) Unlawful 
A) Void ab initio 
B) Voidable 
C) Valid 
D) Unlawful

Question 17

The Law of Contract in India is contained in

Accepted Answer

A) Indian Contract Act 1862 
B) Indian Contract Act 1962 
C) Indian Contract Act 1872 
D) Indian Contract Act 1972 
A) Indian Contract Act 1862 
B) Indian Contract Act 1962 
C) Indian Contract Act 1872 
D) Indian Contract Act 1972

Question 18

A proposal when accepted becomes a:

Accepted Answer

A) Promise 
B) Contract 
C) Offer 
D) Acceptance 
A) Promise 
B) Contract 
C) Offer 
D) Acceptance

Question 19

Which of the following statement is true?

Accepted Answer

A) A contract with a minor is voidable at the option of the minor 
B) An agreement with the minor can be ratified after he attains majority 
C) A person who is usually of an unsound mind cannot enter into contract even when he is of a sound mind 
D) A person who is usually of an sound mind cannot enter into contract even when 
A) A contract with a minor is voidable at the option of the minor 
B) An agreement with the minor can be ratified after he attains majority 
C) A person who is usually of an unsound mind cannot enter into contract even when he is of a sound mind 
D) A person who is usually of an sound mind cannot enter into contract even when

Question 20

An agreement enforceable by Law is a

Accepted Answer

A) Promise 
B) Contract 
C) Obligation 
D) Lawful promise 
A) Promise 
B) Contract 
C) Obligation 
D) Lawful promise

Which of the following statement is true?

In case of illegal agreements the collateral agreements are

Consent is not said to be free when it is caused by

The threat to commit suicide amounts to

When the consent of a party is obtained by fraud, the contract is

Consideration must move at the desire of:

Which of the following statement is not true about minor's position in a form?

A minor's liability for 'necessaries' supplied to him

A void agreement is one which is

Which of the following statement is false?

Consideration may be

Which of the following is not an exception to the rule - No consideration, No contract.

An offer may lapse by

Which is the following is false? An acceptance:

Which is the following is false? An offer to be valid must;

Ordinarily, a minor's agreement is

The Law of Contract in India is contained in

A proposal when accepted becomes a:

Which of the following statement is true?

An agreement enforceable by Law is a

Contract Law: Understanding Legal Agreements and Their Discharge, Breach, and Enforcement

Contract Law and Consideration: Understanding Free Consent and Unlawful Agreements

Indian Contract Act

Contract Law and Sale of Goods

Corporate Law

Cheques and Banking Procedures

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Exam 1: Contract Law in India: Exploring Agreements, Offers, and Consideration

Which of the following statement is true?

In case of illegal agreements the collateral agreements are

Consent is not said to be free when it is caused by

The threat to commit suicide amounts to

When the consent of a party is obtained by fraud, the contract is

Consideration must move at the desire of:

Which of the following statement is not true about minor's position in a form?

A minor's liability for 'necessaries' supplied to him

A void agreement is one which is

Which of the following statement is false?

Consideration may be

Which of the following is not an exception to the rule - No consideration, No contract.

An offer may lapse by

Which is the following is false? An acceptance:

Which is the following is false? An offer to be valid must;

Ordinarily, a minor's agreement is

The Law of Contract in India is contained in

A proposal when accepted becomes a:

Which of the following statement is true?

An agreement enforceable by Law is a

Contract Law: Understanding Legal Agreements and Their Discharge, Breach, and Enforcement

Contract Law and Consideration: Understanding Free Consent and Unlawful Agreements

Indian Contract Act

Contract Law and Sale of Goods

Corporate Law

Cheques and Banking Procedures

Filters