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contract act

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

A contract is any ______________ between two or more parties which is enforceable by law

a)

Offer

b)

Acceptance

c)

Promise

d)

Agreement

2.

An agreement & contract are one and the same thing

a)

True

b)

False

c)

Depends on situation

d)

None of these

3.

Law of contract deals with

a)

Taxation

b)

Law of transfer

c)

Laws of ownership

d)

Enforcement of obligations arising from agreement

4.

An agreement enforceable by law is

a)

Offer

b)

Obligation

c)

contract

d)

promise

5.

In indian contract act, the term con-sensus and idem means

a)

Parties under a mistake

b)

Parties under free consent

c)

Parties agreeing upon the same thing in same sense

d)

Nonne of these

6.

Agreement is a

a)

Promise

b)

Contract

c)

Enforceable by law

d)

none of the above

7.

As per Indian contract act 1872, what is an agreement not enforceable by law?

a)

Executes contract

b)

Valid contract

c)

Void contract

d)

Quasi contract

8.

Mohan invites Sohan to stay with him in mumbai during x'mas vacations. Sohan accepts the invitation and informs mohan accordingly. When Sohan reaches Mohan's house , he finds it locked. He, therefore stays in a hotel. Sohan now wants to claim from Mohan the hotel charges. The option available to sohan is that________

a)

Sohan can clain the hotel charges from Mohan

b)

Sohan can claim damages

c)

sohan can file a suit against Mohan

d)

None of the above

9.

A contract is a contract

a)

from the time it is made

b)

From the time of its performance is due

c)

At the time from of its performance

d)

None of the above

10.

A invites B for his sons wedding. In this case there is an agreement but no contract, since___________

a)

There is no consideration

b)

There is no intention to create legal relationship

c)

There is no written document

d)

There is no formal acceptance of the offer

11.

The terms of the agreement

a)

must be certain

b)

Must be capable of made certian

c)

Unambigous and clear

d)

All of the above

12.

__________ is a contract where parties to the contract have yet to perform their promises

a)

Executed contract

b)

Variable contract

c)

executory contract

d)

Void contract

13.

Agreements between a husband and a wife living in a freindly environment are

a)

Valid contract

b)

Void contract

c)

Domestic arrangement

d)

Voidable contracts

14.

A contract means of

a)

Mutual promise or agreement enforceable by law

b)

Agreement not enforceable by law

c)

involuntary obligation

d)

None of the above

15.

A contract with B to construct a building for a fixed price, B supplying the necessary timber, this reciprocal promises is

a)

Mutual and independent

b)

Mutual and dependent

c)

Mutual and concurrent

d)

None of the above

16.

Cash withdrawn by a consumer of a bank from an automatic teller machine is an example of

a)

Void contract

b)

Express contract

c)

contract Tacit

d)

bilateral contract

17.

The terms of the agreement

a)

must be certain

b)

must be capable of made certain

c)

Unambiguous and clear

d)

All the above

18.

If a new contract is substituted in place of an existing contract , it is called

a)

alteration

b)

Rescission

c)

Novation

d)

waiver

19.

Express contract means

a)

Contract which is made by words either spoken or written

b)

Contract which is made by both words and deeds

c)

contract which is made by promises

d)

contract which is made by deeds

20.

_____________ contracts are also called contracts with executed consideration

a)

Unilateral

b)

completed

c)

Bilateral

d)

Executor