Test: Nature Of Contracts- 2


30 Questions MCQ Test Business Laws for CA Foundation | Test: Nature Of Contracts- 2


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This mock test of Test: Nature Of Contracts- 2 for CA Foundation helps you for every CA Foundation entrance exam. This contains 30 Multiple Choice Questions for CA Foundation Test: Nature Of Contracts- 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Nature Of Contracts- 2 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Nature Of Contracts- 2 exercise for a better result in the exam. You can find other Test: Nature Of Contracts- 2 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

A advertises to sell his old Car by advertising in a newspaper. This offer is called:

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QUESTION: 2

Indian Contract Act, 1872 is passed by:

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QUESTION: 3

When two parties exchange identical offers in ignorance at the time of each other offer, the offers are called:

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Two offers which are similar in all respects made by two parties to each other, in ignorance of each other's offer are known as cross offers. Cross offer donot amount to acceptance of one's offer by the other. Hence, no contract is entered into cross offers.

QUESTION: 4

A enquires from B, "Will you purchase my cow for dollar 100?" B replies, "I shall purchase your cow for dollar 100 provided you purchase my parrot for dollar 120." In this case:

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QUESTION: 5

The Indian Contract Act, 1872 extends to:

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QUESTION: 6

Which of the following is false? An offer to be valid must:

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QUESTION: 7

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:

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QUESTION: 8

X invites Y for his son's wedding. Y accepts the invitation. In this case there is an agreement but no contract since

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 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.

QUESTION: 9

Which of the following statements is not correct?

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QUESTION: 10

L says to J, I shall sell my house, will you buy? J says yes, I shall buy. The agreement is void due to:

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QUESTION: 11

Sagrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of:

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QUESTION: 12

Which one of the following constitutes an offer in a self – service store?

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QUESTION: 13

Agreement is defined in section ________ of the Indian Contract Act, 1872:

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QUESTION: 14

_____________Contract is good in substance but suffers from some technical defect:

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QUESTION: 15

The communication of an acceptance is complete as against the acceptor:

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QUESTION: 16

Only those agreement which ________ are contracts:

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QUESTION: 17

________ amounts to rejection of the original offer.

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QUESTION: 18

An advertisement for sale of an old flat is published in a leading newspaper. This kind of offer is

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QUESTION: 19

In case a counter offer is made, the original offer stands:

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When the offeree offers to qualified acceptance of the offer subject to modification and variations in the terms of original offer, he is said to have made a counter offer. It amounts rejection of the original offer.

QUESTION: 20

H, a coolie in uniform at the railway station carried the luggage of Z, a passenger, from the platform to the taxi stand without being asked by Z to do so and Z did not attempt to stop him from carrying the luggage. In this case, Z ________ to make payment to H:

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QUESTION: 21

_________ is good in substance, but suffers from some technical defects like absence in writing, barred by limitation etc.

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QUESTION: 22

A void contract means:

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QUESTION: 23

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:

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QUESTION: 24

In case of illegal agreement the collateral transactions are:-

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QUESTION: 25

An agreement to put a fire on a person’s car is a ________.

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QUESTION: 26

Implied contract even if not in writing or express words is perfectly ________ if all the conditions are satisfied:-

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QUESTION: 27

A offers B to supply books @ Rs. 100 each but B accepts the same with condition of 10% discount. This is a case of

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QUESTION: 28

Under the Indian Contract Act, 1872, the enforceability at Law of an agreement requires:

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QUESTION: 29

_________ agreements are created by situation:

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QUESTION: 30

If entire specified goods is perished before entering into contract of sale, the contract is

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