Test: Nature Of Contracts- 3


30 Questions MCQ Test Mercantile Law for CA CPT | Test: Nature Of Contracts- 3


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QUESTION: 1

___________ Contract is good in substance but suffers from some technical defect:

Solution:

Unenforceable contract is good in substance but suffers from some technical defect (such as not in writing, under stamped). Such contracts can be enforced if the technical defect involved is removed.
Example: An oral agreement for arbitration is unenforceable because the law requires that an arbitration agreement must be in writing. If the oral agreement for arbitration is reduced to writing, it will become enforceable.

QUESTION: 2

The juristic concept of contract consists of:

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QUESTION: 3

When one person signifies to another his willingness to do or to abstain from doing any thing with a view to obtaining the assent of that other person to such act or abstinence he is said to make a

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QUESTION: 4

A, by a letter dated 10th January 2008, offers to sell his house to B for Rs. 40 Lacs. The letter reaches B on 17th January 2008, who posts his acceptance on 18th January 2008 which reaches A on 30th January 2008. Here, the communication of offer is complete on:

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QUESTION: 5

An Executed Consideration is:

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QUESTION: 6

Offer to public in general is known as:

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QUESTION: 7

The essential element of a valid contract is

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QUESTION: 8

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: 9

X makes a proposal to Y, which Y accepts. But before the acceptance came to the knowledge of X, Y revokes his acceptance by telegram :When is the revocation complete?

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QUESTION: 10

A invites B for his son wedding. B accepts the invitation. In this case there is an agreement but no contract, since

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QUESTION: 11

Pagrees to pay a certain sum to Q, if Q brings on earth a star from sky. This is a:

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QUESTION: 12

An agreement enforceable by law is:

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QUESTION: 13

A sent a proposal for sale of goods to B through a letter. However, letter was still in transit, A sent the letter of revocation of offer to B which was received by B before the first letter reached B.

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QUESTION: 14

Is the statement true or false:"All contracts are agreements but all agreements are not contract"

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QUESTION: 15

A agrees to sell to B a horse for Rs. 25,000 if he wins race and for Rs. 15,000 if he does not. The horse wins the race. The agreement is:

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QUESTION: 16

A contract known by conduct of parties.

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QUESTION: 17

The correct sequence in the formation of a contract is:

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QUESTION: 18

When counter offer is made original offer

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QUESTION: 19

A sent a proposal for sale of goods to B through a letter. However, letter was still in transit, A sent the letter of revocation of offer to B which was received by B before the first letter reached B.

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QUESTION: 20

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

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QUESTION: 21

The essential element of a valid contract is

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QUESTION: 22

Is the statement true or false:"All contracts are agreements but all agreements are not contract"

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QUESTION: 23

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

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QUESTION: 24

“Holiday Packages” announced as an advertisement are an example of _________:

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QUESTION: 25

In telephonic conversation, the acceptance is completed when:

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QUESTION: 26

A sells some smuggled goods at Rs. 100. The contract is void on the ground:

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QUESTION: 27

Non-fulfillment by an offeree of a condition precedent to acceptance leads to _________:

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QUESTION: 28

A Contract where the Consent of the One of the parties has been obtained by undue influences, will become _______

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QUESTION: 29

For a binding contract both the parties to the contract must:

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QUESTION: 30

An agreement enforceable by law is:

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