Test: Nature Of Contracts- 4


15 Questions MCQ Test Mercantile Law for CA CPT | Test: Nature Of Contracts- 4


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This mock test of Test: Nature Of Contracts- 4 for CA Foundation helps you for every CA Foundation entrance exam. This contains 15 Multiple Choice Questions for CA Foundation Test: Nature Of Contracts- 4 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Nature Of Contracts- 4 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Nature Of Contracts- 4 exercise for a better result in the exam. You can find other Test: Nature Of Contracts- 4 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

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

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QUESTION: 2

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: 3

The essential element of a valid contract is 

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QUESTION: 4

 A contract is an agreement:-

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QUESTION: 5

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?

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QUESTION: 6

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

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QUESTION: 7

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?

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QUESTION: 8

A match fixing contract between a player and a broker is a:

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QUESTION: 9

A specific offer can be accepted by ______.

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QUESTION: 10

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

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QUESTION: 11

There is no binding Contract in case of -------- as one’s offer cannot be construed as acceptance

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QUESTION: 12

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 ________.

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QUESTION: 13

 ______________ contracts are also caled contracts with executed consideration.

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

QUESTION: 14

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

Solution:

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: 15

When counter offer is made original offer

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