Explore Exams
Login Signup
Sign in Open App
CA Foundation Exam  >  CA Foundation Tests  >  Test: Nature Of Contracts- 4 - CA Foundation MCQ

Test: Nature Of Contracts- 4 - CA Foundation MCQ


Test Description

15 Questions MCQ Test - Test: Nature Of Contracts- 4

Test: Nature Of Contracts- 4 for CA Foundation 2025 is part of CA Foundation preparation. The Test: Nature Of Contracts- 4 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Nature Of Contracts- 4 MCQs are made for CA Foundation 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Nature Of Contracts- 4 below.
Solutions of Test: Nature Of Contracts- 4 questions in English are available as part of our course for CA Foundation & Test: Nature Of Contracts- 4 solutions in Hindi for CA Foundation course. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free. Attempt Test: Nature Of Contracts- 4 | 15 questions in 15 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study for CA Foundation Exam | Download free PDF with solutions
Test: Nature Of Contracts- 4 - Question 1
Save

When offer is made to a definite person, it is known as. 

Test: Nature Of Contracts- 4 - Question 2
Save

M/s. Law Book Company made an offer to sell a new law book released recently only to the members of Bar Council. This offer is called: 

Clear all your doubts with EduRev
Test: Nature Of Contracts- 4 - Question 3
Save

The essential element of a valid contract is 

Test: Nature Of Contracts- 4 - Question 4
Save

 A contract is an agreement:-
Detailed Solution for Test: Nature Of Contracts- 4 - Question 4
Correct Answer: 1
  • A contract must be made by parties who are competent to contract. This means both parties should have the legal capacity to enter into an agreement.
  • Contracts are enforceable by law, ensuring that the terms agreed upon are adhered to.
  • It should be entered into with free consent and consideration, meaning both parties agree voluntarily and something of value is exchanged.
Test: Nature Of Contracts- 4 - Question 5
Save

A offers to sell his house to B, who agrees to purchase it subject to approval by B’s solicitors. Which one of the statements in correct?
Test: Nature Of Contracts- 4 - Question 6
Save

A advertises to sell his old Car by advertising in a newspaper. This offer is called:
Test: Nature Of Contracts- 4 - Question 7
Save

B son is lost. A goes in search of B son. Meanwhile, B makes an offer to pay Rs. 1,000 to the finder of his son. A finds B son. Can A claim Rs. 1,000 from B?
Detailed Solution for Test: Nature Of Contracts- 4 - Question 7
- A cannot claim Rs. 1,000 from B because A was not aware of B's offer when he found the son.
- In contract law, a reward offer is a unilateral contract that requires knowledge of the offer for acceptance.
- A was not hired by B; he acted voluntarily in search of B's son, but without knowledge of the reward, he cannot claim it.
- Thus, A's lack of awareness of the offer is key to this scenario.
Test: Nature Of Contracts- 4 - Question 8
Save

A match fixing contract between a player and a broker is a:
Test: Nature Of Contracts- 4 - Question 9
Save

A specific offer can be accepted by ______.
Test: Nature Of Contracts- 4 - Question 10
Save

Non-fulfillment by an offeree of a condition precedent to acceptance leads to _________:
Detailed Solution for Test: Nature Of Contracts- 4 - Question 10
Non-fulfillment by an offeree of a condition precedent to acceptance leads to:

  • Lapse: This means that the offer is no longer valid if the specific condition is not met. The offer essentially expires.
  • Condition Precedent: A requirement that must be fulfilled for the acceptance to be valid. If not fulfilled, acceptance cannot occur.
  • Legal Effect: The offeree loses the opportunity to accept the offer due to the unmet condition.
Test: Nature Of Contracts- 4 - Question 11
Save

There is no binding Contract in case of -------- as one’s offer cannot be construed as acceptance
Test: Nature Of Contracts- 4 - Question 12
Save

A asks B a watch repairer, to repair his watch without forming any contractual relationship, still a legal relationship has arisen and it will create ________.
Test: Nature Of Contracts- 4 - Question 13
Save

 ______________ contracts are also caled contracts with executed consideration.
Detailed Solution for Test: Nature Of Contracts- 4 - Question 13

Completed contracts are also called contracts with executed consideration i.e. the consideration for the promise in a contract is given or executed.

Test: Nature Of Contracts- 4 - Question 14
Save

X invites Y for his son's wedding. Y accepts the invitation. In this case there is an agreement but no contract since
Detailed Solution for Test: Nature Of Contracts- 4 - Question 14

According to Section 10 of the Indian Contract Act, 1872, a contract to be valid must be made with an intention to create legal relationship. In the instant case, X invited Y for his son's wedding. Y accepted the invitation. Here, in this case, there is an agreement but not contract since one of the essential element of Section 10 viz. intention to create legal relationship is not present. Therefore there is no contract.

Test: Nature Of Contracts- 4 - Question 15
Save

When counter offer is made original offer
Information about Test: Nature Of Contracts- 4 Page
In this test you can find the Exam questions for Test: Nature Of Contracts- 4 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Nature Of Contracts- 4, EduRev gives you an ample number of Online tests for practice
Download as PDF

Important Questions for Nature Of Contracts- 4

Find all the important questions for Nature Of Contracts- 4 at EduRev.Get fully prepared for Nature Of Contracts- 4 with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Nature Of Contracts- 4 syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Nature Of Contracts- 4 resources.

Nature Of Contracts- 4 MCQs with Answers

Prepare for the Nature Of Contracts- 4 within the CA Foundation exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Nature Of Contracts- 4

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Nature Of Contracts- 4 with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Signup to see your scores go up
within 7 days!
Takes less than 10 seconds to signup