Business Law Quiz

What is the definition of a contract as per Sec 2(h) of the Indian Contract Act?

• Agreement

• Offer

• Agreement enforceable by law

• Mutual promise

Which of the following is not a valid source of Business Law?

• Customs and Usage

• Scientific Journals

• Judicial Precedents

• English Mercantile Law

Which one of the following is not a feature of Business Law?

• Protective

• Static

• Regulatory

• Enforceable

An offer that is made by conduct is called a:

• Express offer

• Written offer

• General offer

• Implied offer

A minor's contract is considered:

• Voidable

• Valid

• Void ab initio

• Illegal

Name the term in Contract Law

Consideration must move at the desire of the:

• Promisee

• Law

• Promisor

• Offeree

A contract entered under undue influence is:

• Illegal

• Void

• Voidable

• Valid

In which of the following cases is silence not acceptance?

• Where prior dealings exist

• Where silence is indicated as acceptance

• Always

• Never

Identify the type of contract