Nature of Contract
Online Exam in Nature of Contract in Mercantile Laws for the preparation of professional exams of ca cpt, ca foundation, cs foundation, cma foundation
Nature of Contract-Test 6
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Subject: Mercantile Laws Questions: 30
Chapter: Nature of Contract- Test 6
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Question 1 of 30
1. Question
1 pointsWhich one of the following statement is correct with regard to nature of a valid Contract ?
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Question 2 of 30
2. Question
1 pointsWhen a person signifies his assent to a proposal made to him to refrain from doing something the resultant transaction is known as
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Question 3 of 30
3. Question
1 pointsA notice in the newspapers inviting tenders is
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Question 4 of 30
4. Question
1 pointsWhich one of the following is the best statement about the Indian Contract Act ?
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Question 5 of 30
5. Question
1 pointsWhich one of the following has the correct sequence
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Question 6 of 30
6. Question
1 pointsThe doctrine of privity of contract is laid down in the case of
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Question 7 of 30
7. Question
1 pointsWhich one of the following is not the legal requirement of a valid offer ?
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Question 8 of 30
8. Question
1 points‘X’ without the request of anybody, extinguishes the fire of Y’s Godown. ‘X’ suffers injury thereby if ‘Y’ promises to compensate ‘X’ for the whole amount he has spent for his treatment then the contract is
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Question 9 of 30
9. Question
1 pointsWhich of the following is/are the essential elements of a valid offer ?
- Offer can be vague.
- Offer must be made to a specific person/party and not to public at large.
- Must be definite.
- Offeror must have an intention to be bound by his offer.
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Question 10 of 30
10. Question
1 points________ of Indian Contract Act states, that “performance of the conditions of a proposal is an acceptance of the proposal”.
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Question 11 of 30
11. Question
1 pointsIn order to convert a proposal into a promise, the acceptance must be
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Question 12 of 30
12. Question
1 pointsSection ______ of the Indian Contract Act, states that in order to convert a proposal into a promise, it is necessary that acceptance must be absolute and unqualified.
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Question 13 of 30
13. Question
1 pointsWhen the Offeree gives acceptance on different terms, it is treated as a Counter Offer and it is up to the original Offeror to accept the same or not. It is ______ .
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Question 14 of 30
14. Question
1 pointsWhen, a valid acceptance shall be made only by the person to whom the offer is made. It is ____ .
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Question 15 of 30
15. Question
1 pointsAn acceptance in ignorance of offer is also a valid acceptance. It is ________.
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Question 16 of 30
16. Question
1 pointsAcceptance in ignorance of the offer is
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Question 17 of 30
17. Question
1 pointsX offered a reward to anyone who has returned his lost dog. Y brought the dog to X without having heard of the offer. Which of the following statements is correct ?
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Question 18 of 30
18. Question
1 pointsX sent his servant Y, to trace his missing son Later, X offered a reward for any one who found out his missing son Y, ignorant of the announcement, traced the boy. Subsequently, he claimed the reward, when ha came to know of it.
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Question 19 of 30
19. Question
1 pointsAcceptance sent through post
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Question 20 of 30
20. Question
1 pointsAcceptance may be signified either
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Question 21 of 30
21. Question
1 pointsWhen person performs some act intended by proposer as consideration for the promise offered by him, performance of such constitutes.
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Question 22 of 30
22. Question
1 pointsA Trader receives an order from a Customer and executes the order by sending goods. Sending of goods by the Trader consequent to the Customer’s order constitutes
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Question 23 of 30
23. Question
1 pointsPerformance of conditions of an offer which may be offered with a proposal, is a/an
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Question 24 of 30
24. Question
1 pointsAcceptance should be communicated to the Offeror, before the _____.
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Question 25 of 30
25. Question
1 pointsThere can be a valid acceptance of a revoked offer also. It is _______.
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Question 26 of 30
26. Question
1 pointsNo contract can arise, if the
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Question 27 of 30
27. Question
1 pointsWhen the communication of acceptance is made by an unauthorized person, it does not result in a/an
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Question 28 of 30
28. Question
1 pointsWhich one of the following statements about general offer is correct ?
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Question 29 of 30
29. Question
1 pointsX, by a letter dated 10th January, 2006, offers to sell his house to Y for Rs.20 lakhs. The letter reaches Y on 17th January, 2006, who posts his acceptance on 18th January, 2006 which reaches X on 30th January, 2006. Here, the communication of offer is complete on
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Question 30 of 30
30. Question
1 pointsIn the above question, the communication of acceptance is complete against X on 18th January, 2006 and against Y on
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