Test: Nature Of Contracts- 3 - CA Foundation MCQ

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:

An Executed Consideration is:

Offer to public in general is known as:

The essential element of a valid contract is

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:

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?

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

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

An agreement enforceable by law is:

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.

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

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:

A contract known by conduct of parties.

The correct sequence in the formation of a contract is:

When counter offer is made original offer

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.

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

The essential element of a valid contract is

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

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

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

In telephonic conversation, the acceptance is completed when:

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

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

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

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

An agreement enforceable by law is: