1)Law of contract is
(A)Not the whole law of agreements nor is it the whole law of obligations
(B)The whole law of agreements
(C)The whole law of obligations
(D)None of the above
2)An agreement is a voidable contract when it is
(A) Enforceable if certain conditions are fulfilled
(B) Enforceable by law at the option of the aggrieved party
(C) Enforceable by both the parties
3)Agreement is defined in Section......... of the Indian Contract Act, 1872.
(A) 2(c)
(B) 2(e)
(C) 2(g)
(D) 2(i)
4)The Law of Contract is nothing but
(A)A child of commercial dealing
(B)A child of religion
(C)A child of day to day politics
(D)A child of economics
5)In India, the express provisions of the Contract Act applies to
(A) Hindus
(B) Mohammedan
(C) Business man
(D) All of the above
6)Where there is no express provision in Contract Act, the following prevails and applied for deciding the cases
(A)The provisions of any law of the land
(B)The usage of the trade
(C)The provisions of personal law
(D)Any of the above if not inconsistent with the provisions of the Contract Act
7)The provisions of Indian Contract Act override
(A) The provisions of Hindu law
(B) The provisions of Mohammedan law
(C) Usage or customs of trade
(D) All of the above
8)Agreement to murder a person
(A)Cannot be enforceable by law
(B)Is valid in law
(C)In invalid for want of consideration
(D)Has no consensus ad idem
9)Agreements that do not give rise to contractual obligations are not contracts.
(A) True
(B) Partly True
(C) False
(D) None of the above
10)Agreements that do not give rise to contractual obligations are not contracts.
(A) To be proved to the satisfaction of the Court
(B) Presumed to exist
(C) Required to the extent of consideration
(D) Not relevant at all
11)A Contract
(A)May be void as originally entered into
(B)May become void subsequent to its formation
(C)Cannot become void under any circumstances
(D)May become void at the will of a Party.
12) A contract is(A)A legal obligation
(B)An agreement plus a legal obligation
(C)Consensus ad idem
(D)An agreement plus a legal formality
13)Essential Conditions of a Contract
(A) There must be TWO parties
(B) There must be at least THREE parties
(C) There need not be any offer
(D) There is no need that all should be of sound mind
14)Works Contracts are
(A)Are covered by IRS conditions of Contract
(B)Are covered by General Conditions of Contract
(C)Both a) and b)
(D)None of the above
Answer key
1A
2B
3B
4A
5D
6D
7D
8A
9A
10A
11B
12B
13A
14B
