Contract Law Quiz 2

What is a void contract?

• A. A legally binding contract

• B. A contract that becomes impossible

• C. An unenforceable contract

• D. A contract with a minor

What is required for a contract to be enforceable?

• A. Just an agreement

• B. Only an offer

• C. Offer, acceptance, consideration, and intention

• D. Acceptance and consideration only

Which section defines an offer in the Contracts Act 1950?

• A. Section 1(a)

• B. Section 2(a)

• C. Section 3(b)

• D. Section 4(c)

What is necessary for an offer to be valid?

• A. Silence by offeree

• B. Communication to the offeree

• C. Partial communication

• D. Acceptance without knowledge

What happens when an offer is revoked before acceptance?

• A. The offer is terminated

• B. The contract is void

• C. The offer becomes voidable

• D. The offer is still valid

What constitutes consideration under Section 2(d) of the Contracts Act 1950?

• Any promise made

• Any act done at promisor's desire

• A future promise

• A past promise only

What does 'executed consideration' refer to?

• Something to be done in the future, after the contract is made

• Something done at the moment of contract

• Nothing of value

• Something done in the past, before the contract is made

What is the outcome if there is no intention to create legal relations?

• A. The contract is void

• B. The original offer is terminated

• C. The contract is valid

• D. The contract is voidable

Which type of agreement is presumed not to have legal intention?

• A. Commercial agreement

• B. Business agreement

• C. Social agreement

• D. Sale agreement

What is an invitation to treat?

• A. A definite offer

• B. A request for offer

• C. An acceptance

• D. A valid contract