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A start-up is entering Module 3 of its operations training titled Compliance Documents. Which strategic priority should the leadership set first to ensure downstream processes are lawful and auditable?

• Create a brand style guide before any filings

• Establish a compliance documentation framework and ownership

• Launch marketing campaigns to test demand

• Outsource all legal work without internal oversight

Which repository structure best supports compliance document lifecycle management?

• Random folders by author name

• Centralized register organized by document type, owner, effective/expiry dates

• Separate personal drives per team member

• Email inbox archives

A, age 17, agrees to sell his bike to B for ₹20,000 with both consenting freely and the sale being legal. Which requirement for a valid agreement is NOT satisfied?

• Free consent

• Lawful consideration

• Competent parties

• Lawful object

Which scenario most clearly satisfies the “lawful object” requirement?

• A hires B to smuggle goods across a border

• A pays B to commit arson

• A sells legally owned property to B

• A forces B to sign a loan agreement

Under the essential conditions listed, which factor would make an otherwise valid agreement unenforceable because it is specifically barred?

• Inadequate consideration

• Not expressly declared void by law

• Mutual mistake about price

• Statutory declaration that such contracts are void

Why does the example of A selling his house to B for ₹50 lakh illustrate a valid agreement?

• Because consideration is adequate and parties are related

• Because the parties consent freely, consideration is lawful, and the object is legal

• Because only written agreements are valid

• Because the price exceeds ₹25 lakh

Which statement best defines a void agreement under the Indian Contract Act?

• An agreement enforceable only after court approval

• An agreement not enforceable by law and having no legal effect from the beginning

• An agreement that becomes void only after breach

• An agreement enforceable between parties but not against third parties

Identify the section that addresses agreements without consideration, subject to exceptions.

• Section 23

• Section 25

• Section 26

• Section 30

Which element makes the promise to pay ₹1 lakh contingent on B’s cricket team winning a void agreement?

• Lack of consideration

• Illegality of subject matter per se

• Uncertainty of a future event in a wager

• Absence of free consent

Which scenario mirrors the wagering example’s legal defect most closely?

• Payment promised if it rains on Sunday

• Payment promised upon delivery of goods

• Payment promised upon completion of a project milestone

• Payment promised after receiving an invoice