QUIZ-1 BLAT MIB 2022-24

Promises which form the consideration or part of the consideration for

each other are called as

• Mutual promises

• Reciprocal promises

• Promises

• Written Promises

All agreements are ------------------ if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void.

• Standard forms of contracts

• Contracts

• Enforceable Contracts

• Quasi contracts.

Rohan agreed to sell his vintage car to his boss for just Rs. 10000 as his boss promised to give him a due promotion. It is a case of

• Free Consent

• Undue Influence

• Misrepresentation

• Fraud

Consideration to a contract moves at the desire of

• Businessman

• Promisor

• Minister

• Valuer

An agreement with a minor is

• Valid

• Void

• Desirable

• Difficult

Consideration in a contract

• Must be present only

• Must be future only

• May be past, present or future

• May be past and future only

A' agrees to find treasure for 'B' by magic. The agreement is

• Valid

• Void

• Voidable

• Nonsense

The term __________ means putting a person under fear

• Coercion

• Fraud

• Mistake

• Undue Influence

A ------------------ is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen.

• Contingent Contract

• Quasi Contract

• Express of Implied Contract

• Indemnity Contract

Every promise and every set of promises, ----------------------------------------- is an agreement

• In exchange for each another

• Forming the consideration for each other

• Mutually agreed

• Partially agreed