Business Law test 6

Minor can be a /an _____________.

• Principal

• Agent

• Bailor

• Debtor

An Agreement which is __________________ by law is a Contract .

• Enforceable

• Unenforceable

• Legal

• illegal

An Agreement is applicable by law is a Contract

• True

• False

Agreement made with ________ person is void

• Unsound mind

• sound mind

• major

• qualified

The act must be done at the desire of the:

• Promisor only

• Promisee only

• Can move from any other person

• Both (b) & (c)

Who are competent to enter into a contract

• Sound mind

• Major

• A person not otherwise disqualified

• All of the above

Agreement + Legal Enforceability = Consideration

• True

• False

Drunken person _____________ enter into a contract during that period

• Cannot

• Can

• Always

• Sometimes

Past consideration is also called as

• Executory consideration

• Executed consideration

• Prospective consideration

• Illusory consideration

An offer when accepted becomes :

• Proposal

• Consideration

• Consent

• Promise