Nature of Contract – Test 10

The object of an agreement must be lawful. It must not be

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

On the acceptance of an offer by a offeree,

The terms “Promisor and Promisee” has been defined in _______ of the Indian Contract Act.

The person making the proposal is called

Under Section 2(c) of Indian Contract Act, Promisor is the person

The term “Promise” has been defined in _______ of the Indian Contract Act.

Section 2(b) states, “When the person to whom thereto, the made, signifies his assent thereto, the proposal is said to be accepted. A Proposal when accepted becomes a/an_____.”

Which of the following is not the legal requirements of a valid offer ?

A general offer made to the public at large is valid, and a binding contract is made with a person who having the knowledge of the offer

Offer implied from conduct of parties or from circumstances of the case is called

Silence cannot amount to offer by conduct. It is

Sita Travels operates buses from Jaipur to Agra. The bus standing at its Bay in the Bus Terminus is with a view to taking the passrngers. There is _____ to take passengers.

X, by a letter 15th March, offers to sell, his car to y, who posts his acceptance on 20th March. Here which of the option is true for X

In the above question which of the option is true for Y

What is legal terminology for the doing or not doing of something which the promisor desires to be done or not done?

A Promisee is a person

A Proposal may consist of a promise for

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

Lending money to a borrower, at high rate of interest, when the money market is tight renders the agreement of loan

An offer or its acceptance or both may be made

X, by a letter, offers to sell his T.V. to Y for Rs.10,000. Without knowing X’s offer, by a letter, offers to buy the same T.V. from X for Rs.10,000. Here

Which of the following statements is true

A bid at an auction sale is an

Forbearance of a party from doing something, i.e. omission of an act, also constitutes a Valid Offer. It is

An offer which is allowed to remain an offer for acceptance over a period of time is known as a/an

if X says to Y “I offer to sell may house to you for Rs.25 Lakhs and Y accept your offer”, it is an

_______ may be made by positive acts or signs or implied from acts of the parties.

A voidable contract is one which

According to Section 2(h) of the Indian Contract Act, 1872 a contract is