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WorksheetsClass assignment
Total questions: 60
Worksheet time: 55mins
Which of the following is not an essential element of a valid contract?
Offer and acceptance
Free consent and consideration
Lawful object
Performance
Where both the parties to an agreement are under mistake as to a matter of fact, which is essential to the agreement, the agreement is:
Valid
Voidable
Illegal
Void
Who among the following is not disqualified by law to enter into a contract? (1) A Major Person (2) A Lunatic (3) Insolvent person (4) Diplomatic Staff of foreign state
2 & 3
3 & 4
1 & 4
1 & 2
How can an acceptance to an offer be made?
Written words
Spoken words
Conduct
All of these
Which essential of valid offer is missing in the example- A says to B "I will sell you a car"?
Offer may be express
The terms of an offer must be clear
The offer must be communicated to offeree
An offer must be made with an intention to create legal obligations
A promise to give Rs.5000 per month pocket money to son B. If A doesnot give the pocket money ___________
B can sue his father
B has no remedy against A
B can accept a lower pocket money also
B has to give Rs 5000 to his father
The law of contract in India is contained in
Indian Contract Act 1871
Indian Contract Act 1872
Indian Contract Act 1873
Indian Contract Act 1874
Contract= agreement+ (a)
An agreement not enforceable by law is
Valid Agreement
Void Agreement
Voidable Agreement
Illegal Agreement
Which of the following is not an essential element of a valid contract?
Offer and acceptance
Free consent and consideration
Lawful object
Performance
What is consensus ad idem?
identity of subject
price
identity of minds
agreement
mark which statement is true?
all agreements are contracts
all contracts are agreements
all agreements are legal
all agreements are not illegal
when a contract is made expressed ,it includes
written agreement
spoken agreement
both
either written or spoken
what is void ab initio
void
voidable
void from very beginning
can be made valid
Below are the elements to form a valid contract EXCEPT:-
Capacity
Consideration
Invitation to Treat
Offer
Which one is NOT invitation to treat?
Does offer can be revoked?
(a)
Does silent is amount to an acceptance?
Yes
No
Maybe
Which of the following is not a required element of a contract.
Mutual Assent
Offer and Acceptance
Consideration
Cash Value Exchange
A contract between two parties for illegal activities is not valid.
True
False
Which element involves both parties having a genuine intention to create a legal relationship
Capacity of the Parties
Consent
Legality of the Contract
Intention
Which element requires one party to make an offer, and the other party to accept it?
Capacity of the Parties
Offer & Acceptance
Legality of the Contract
Intention
What is the term for both parties giving something of value in exchange for the contract?
Capacity of the Parties
Consent
Consideration
Intention
Which element ensures that parties freely and willingly agree to the terms of the contract?
Capacity of the Parties
Offer & Acceptance
Legality of the Contract
Consent
Which element focuses on the mental and legal capacity of the parties involved?
Capacity of the Parties
Consent
Legality of the Contract
Intention
What does the legality of the contract refer to?
Whether the contract is written or oral
Whether the contract is long or short
Whether the contract's purpose and terms are legal and not in violation of laws or public policy
Whether the contract involves consideration
Which element of a contract ensures that both parties must be of sound mind and not under duress?
Capacity of the Parties
Offer & Acceptance
Legality of the Contract
Consent
In a contract, what is the term for the process of one party making an offer, and the other party accepting it?
Capacity of the Parties
Offer & Acceptance
Legality of the Contract
Consent
Which of the following is NOT one of the essential elements of a contract?
Capacity of the Parties
Negotiation
Consideration
Intention
Based on the video that I have provided, which term will I explain in the next class?
Contract
Insurance contract
Intention
Consent
What is a contract
Agreement enforced by law
Agreement enforceable by law
Which of the following is not a required element of a contract.
Mutual Assent
Offer and Acceptance
Consideration
Cash Value Exchange
A minor has the capacity to contract when...
Always
Only valid on contracts valuing over $1 Million
For necessities like food, clothing, and lodging
It depends on the state you live in
What is the essential component of a consideration?
Move at the desire of the promisor
Must be real
Must be lawful
All of these
Who among the following is not disqualified by law to enter into a contract? (1) A Major Person (2) A Lunatic (3) Insolvent person (4) Diplomatic Staff of foreign state
2 & 3
3 & 4
1 & 4
1 & 2
Goods displayed in a shop with a price tag is an ______
Offer
Invitation to an offer
counter offer
none of these
How can an acceptance to an offer be made?
Written words
Spoken words
Conduct
All of these
Which essential of valid offer is missing in the example- A says to B "I will sell you a car"?
Offer may be express
The terms of an offer must be clear
The offer must be communicated to offeree
An offer must be made with an intention to create legal obligations
In a valid contract, what comes first?
Enforceability
Promise
Proposal
Acceptance
Which one of the following is correct:
Past consideration is no consideration
Consideration can be past, present or future
Consideration can only be present
Consideration ca be present and future
What is consensus ad idem?
identity of subject
price
identity of minds
agreement
what is void ab initio
void
voidable
void from very beginning
can be made valid
A quasi-contract is
a contract
an agreement
creates only legal obligation
none of the above
A minor has been supplied necessaries on credit
He is not liable
He is personally liable
His estate is liable
None of the above
Which of the following statement is true?
A quasi-contract is not a contract. It is a creation of law.
A minor supplied with necessaries is personally liable to pay.
Any person who voluntarily pays for another person has a right to recover that money.
A person to whom the money has been paid by mistake or coercion must repay or return it to the person who paid it by mistake
A swiggy man wrongly delivered the food to Mr. Ishaan. Ishaan who took the delivery ate the food immediately. The swiggy boy returned soon once he got information about the wrong delivery. Ishaan should make the payment as his case is deemed to be a quasi-contract under:
Claim for necessaries supplied to persons incapable of contracting
responsibility of finder of goods
Payment by an interested person
obligation of the person enjoying benefits under the non-gratuitous act
A left his carriage on B's premises. B's landlord C, took possession of the carriage as B had not paid the rent. A paid the rent on behalf on B and took possession of the Carriage. Can A recover the money from B? If Yes, which section of the Indian Contract Act, 1872 will be applicable?
S.68
S.69
S.70
S.71
S.72
After talking to the salesman on the phone, Molley agree to buy a set of glassware. What type of contract is this?
Oral
Unenforceable
Valid
Written
Jim purchases a rare antique piece for $5,000. The contract was signed by both parties. in this scenario, who is Jim?
donee
donor
offeree
offeror
The term 'free consent' means
to agree by third party who is not in Contact
approval of the superior party in the contract
two parties agree upon the same thing in the same sense to enter into contract
approval of the inferior party in the contract
Suresh bribes the RTO officer to get license for his son who is a minor. Hence,it is
agreement to commit a crime
agreement to vary the period of limitation
agreement to defraud creditors or revenue authorities
agreement tending to create interest opposed to duty
Under coercion,the consent is under the
Moral influence
Mental pressure
Contract
Threat of an offence
Which of the following is a type of undue influence?
Contract with pardanashin woman
Contract of marriage
Contract of insurance
Contract of sale of immovable property
The term ________ may be defined as an intentional, deliberate or wilful misstatement of facts which are material for the performance of contract.
Misrepresentation
Mistake
Fraud
Coercion
Say whether the following statement is "True" or "False"
Void contracts can be enforced by law.
True
False
What is contract discharge by agreement?
elements of offer and acceptance.
voidable contract at the options of parties of contract.
a thing may be destroyed in the same manner in which it is constituted.
halfway contract
For discharge of a contract by novation, the consent of ____ is required.
The promisee only
All the Parties
The Promisor only
At least two of the parties
A and B fix 10 October as the date of performance of a contract but A failed to perform it. However, they never intended to treat the time as an essence of the contract. B can
Rescind the contract
Claim damages for non- performance
Cannot claim damages for non- performance
none of the options
