LAW OF CONTRACT
(Multiple Choice Questions)
(i) A proposal when accepted becomes
(a) Contract under Section 2(e)
(b) Promise under Section 2(b)
(c) Agreement under Section 2(e)
(d) None of the above.
(ii) Void agreement signifies
(a) agreement illegal in nature
(b) agreement not enforceable by law
(c) agreement violating legal procedure
(d) agreement against public policy.
(iii) In a valid contract what comes first
(a) enforceability
(b) acceptance
(c) promise
(d) proposal
(iv) Goods displayed in a shop with a price tag is an
(a) offer
(b) invitation to offer
(c) counter offer
(d) none of the above
(v) Parties are not competent to contract if any of them is
(a) minor
(b) insane
(c) declared unqualified
(d) all the above
(vi) An agreement to remain unmarried is
(a) valid
(b) voidable
(c) void
(d) unenforceable
(vii) The term consensus ad-ideam means
(a) general consensus
(b) reaching an agreement
(c) meeting of minds upon the same thing in the same sense
(d) all the above
(viii) Inadequacy of consideration does not make the contract
(a) Void
(b) voidable
(c) unenforceable
(d) neither void nor voidable
(ix) A contract performance of which becomes impossible or unlawful becomes
(a) void
(b) voidable
(c) illegal
(d) none of the above
(x)An agreement that is enforceable by law at the option of one or more of the parties thereto but not at the option of other or others is
(a) A void contract
(b) A voidable contract
(c) A valid contract
(d) All the above
(xi) Free consent is element for contract
(a) Essential
(b) Discretional
(c) Exceptional
(d) None of the above
(xii) The term “Coercion” under Indian Contract Act means
(a) Compulsion
(b) An unlawful pressure
(c) Committing or threatening to commit any act forbidden by the Indian Penal Code.
(d) All of the above
(xiii) Fraud Act is defined in Section of the Contract
(a) 15
(b) 16
(c) 17
(d) 20
(xiv) Where both the parties are under mistake as to matter of fact the agreement is -
(a) Void
(b) Voidable
(c) Valid
(d) None of the above
(xv) Contingent contract in defined under sectionof the Indian Contract Act.
(a) 25
(b) 26
(c) 27
(d) None of the above
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