Business Law

The Indian Contract Act came into force on

• 1 st September 1972

• 1 st July 1932

• 1 st September 1872

• 1 st July 1930

A proposal when accepted becomes a

• Promise

• Contract

• Offer

• Acceptance

An agreement enforceable by law is:

• • A voidable contract

• • Void

• • A contract

• • A void contract

1. Goods displayed in a shop with a price tag is an

• 1. offer

• 1. invitation to offer

• 1. counter offer

• none

_______ does not affect the free consent of the parties

• 1. Undue-influence

• 1. Incompetency of parties

• 1. Coercion

• 1. Fraud

1. An agreement enforceable by law at the instance of one party & not of other party under section 2(i) is called

• 1. Void contract

• 1. Voidable contract

• 1. Neither (a) or (b)

• None

1. Which contract depends upon happening or non-happening of future uncertain event?

• 1. Voidable contract

• 1. Void agreement

• 1. Wagering agreement

• 1. Contingent contract

1. __________ Contract is made without any intention of parties.

• 1. Executory contract

• 1. Quasi contract

• 1. Implied contract

• 1. Express contract

1. PWD refused to release the payment to a contractor unless he gave up his claim for extra rate, amounted to

• 1. fraud

• 1. undue influence

• 1. coercion

• None

1. The term quid pro quo is applied in relation to

• 1. Legality of object

• 1. Capacity of parties

• 1. Free consent

• 1. Consideration