Online Mock Tests in Nature of Contract in Mercantile Laws for the preparation of professional exams of ca cpt, ca foundation, cs foundation, cma foundation
P agrees to pay a certain sum to Q, if Q brings on earth a star from sky. This is a :
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Question 2 of 30
2. Question
1 points
In an auction sale, ‘X’ is the highest bidder. The auctioneer accepts the offer by not speaking but striking the hammer on the table. This amount to :
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Question 3 of 30
3. Question
1 points
Which one of the following promises is enforceable ?
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Question 4 of 30
4. Question
1 points
A agrees to sell to B a house 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 5 of 30
5. Question
1 points
Indian Contract Act, 1872 is passed by :
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Question 6 of 30
6. Question
1 points
A enquires from B, “will you purchase my cow for Rs.$100?” B replies, “I shall purchase your cow for $100 provided you purchase my parrot for $120”. In this case :
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Question 7 of 30
7. Question
1 points
Which of the following is false ? An offer to be valid must :
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Question 8 of 30
8. Question
1 points
The Law of Contract extends to _______ .
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Question 9 of 30
9. Question
1 points
On the 5th of a month X makes an offer to Y, by a letter, which reaches Y on 6th. On the 7th, Y posts his letter of acceptance.
Meanwhile, on the 6th X posts a letter to Y revoking the offer. On seeing it Y sends a telegram to X on 8th confirming the acceptance given through his letter of the 7th. Discuss the legal effects of three letters and the telegram :
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Question 10 of 30
10. Question
1 points
______ Contract is good in substance but suffers from some technical defect :
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Question 11 of 30
11. Question
1 points
Which one of the following constitutes an offer in a self-service store ?
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Question 12 of 30
12. Question
1 points
An Executed Consideration is :
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Question 13 of 30
13. Question
1 points
L says to J, “shall sell my house, will you buy?” J says “Yes, I shall buy”. The agreement is void due to :
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Question 14 of 30
14. Question
1 points
X offers to sell his house to Y for Rs.10 lakhs and states in his letter that the offer would be considered as accepted if acceptance is not communicated within a certain time. Here, the letter of X would :
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Question 15 of 30
15. Question
1 points
X invites Y for his son’s wedding. Y accepts the invitation. In this case there is an agreement but no contract, since –
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Question 16 of 30
16. Question
1 points
An agreement which is enforceable by law at the option of one or more of the parties thereto, but not at the option of the other, is a :
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Question 17 of 30
17. Question
1 points
When two parties exchange identical offers in ignorance at the time of each other’s offer, the offers are called :
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Question 18 of 30
18. Question
1 points
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 19 of 30
19. Question
1 points
Agreement is defined in section ______ of the Indian Contract Act, 1872 :
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Question 20 of 30
20. Question
1 points
X Promises to pay Z Rs.5,00,000 if Z can make his dead wife alive. Such an agreement is :
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Question 21 of 30
21. Question
1 points
An offer allowed to remain open for acceptance over a period of time is known as :
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Question 22 of 30
22. Question
1 points
A by a letter dated 10th January 2008, offers to sell his house to B for Rs.40 lakhs. 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 23 of 30
23. Question
1 points
A by a letter dated 10th January 2008, offers to sell his house to B for Rs.40 lakhs. The letter reaches B on 17th January 2008, who posts his acceptance on 18th January 2008 which reaches A on 30th January 2008.The communication of acceptance is complete against A on 18th January 2008 and against B on :
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Question 24 of 30
24. Question
1 points
S offered a reward to anyone who returns his lost dog. F bought the dog to S without having heard of the offer. Which of the following is correct ?
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Question 25 of 30
25. Question
1 points
All innocent promises collateral to the main illegal promise contained in a contract will be regarded as :
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Question 26 of 30
26. Question
1 points
The juristic concept of contract consists of :
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Question 27 of 30
27. Question
1 points
The communication of an acceptance is complete as against the acceptor :
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Question 28 of 30
28. Question
1 points
Goods displayed in a shop window with a price label will amount to :
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Question 29 of 30
29. Question
1 points
S agrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount, one month hence. This is an example of :
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Question 30 of 30
30. Question
1 points
In case of illegal agreements, the collateral agreements are :