FYBAF MODULE 1 MCQs

An offer when accepted becomes__________

• proposal 

• promise 

• consent

• contract

Minimum Age limit for entering into a contract is_________ years.

• 20

• 22

• 18

• 32

 Consideration means__________.

• to consider

• to give proposal

• something in return

• barter exchange

An agreement enforceable by law is a ___________ contract.

• valid

• void

• voidable

• void-ab-initio

 The Indian Contract Act was passed in the year ________.

• 1872

• 1871

• 1572

• 1860

No ___________________, No Contract.

• Consideration

• Pen

• affection

•  Paper

The case of Mohiri Bibi v. Dharmodas Ghose, deals with _____________.

• minor’s agreement

• communication of offer

•  communication of acceptance 

• fraud

An agreement made without consideration is ________________.

• voidable

• valid

• void

• illegal

 The case of Lalman Shukla v. Gauri dutt, deals with __________________.

• fraud

• promise

• mistake

• acceptance 

Consideration in a contract _______________________________ 

• may be past, present or future 

• may be present only

• may be present or future only

• must be future only