Contract Act

Contract Act

University - Professional Development

20 Qs

quiz-placeholder

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Contract Act

Contract Act

Assessment

Quiz

Other

University - Professional Development

Hard

Created by

Dr. De

Used 483+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not an essential element of a valid contract?

Offer and acceptance

Free consent and consideration

Lawful object

Performance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the essential component of a consideration?

Move at the desire of the promisor

Must be real

Must be lawful

All of these

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A general offer open for world at large can be accepted

by sending a communication of acceptance

by complying with the conditions of offer

by tendering himself to the comply the conditions of offer

none of these

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where both the parties to an agreement are under mistake as to a matter of fact, which is essential to the agreement, the agreement is:

Valid

Voidable

Illegal

Void

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identical offers made by two parties to each other, in ignorance of each other’s offer are known as

Counter offer

Cross-offers

Standing offer

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who among the following is not disqualified by law to enter into a contract? (1) A Major Person (2) A Lunatic (3) Insolvent person (4) Diplomatic Staff of foreign state

2 & 3

3 & 4

1 & 4

1 & 2

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Moral Pressure is involved in the case of _________.

Misrepresentation

Coercion

Undue Influence

Fraud

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