Nature of Contract
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
Nature of Contract-Test 7
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Subject :- Mercantile law
Chapter :- Nature of Contract
No.of Quiz questions :- 30
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Question 1 of 30
1. Question
1 points‘Promise’ is defined in the Indian Contract Act, 1872, in
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Question 2 of 30
2. Question
1 pointsWhich of the following are not offer, but invitation to make an offer
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Question 3 of 30
3. Question
1 pointsWhich of the following contracts should be in writing and signed under Seal
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Question 4 of 30
4. Question
1 pointsAn agreement with a minor is
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Question 5 of 30
5. Question
1 pointsIn a Bilateral Contract, obligations are outstanding
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Question 6 of 30
6. Question
1 pointsAll agreements are contracts if they are made by
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Question 7 of 30
7. Question
1 pointsX invites Y for coffee in a restaurant and Y accepts the invitation. On the appointed date, Y goes there but X is not found. In this case
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Question 8 of 30
8. Question
1 pointsX invites Y for coffee in a restaurant and Y accepts the invitation. On the appointed date. X is present there but Y does not turn up. In this case
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Question 9 of 30
9. Question
1 pointsOne of the clauses in an agreement was ” This arrangement is not a formal or legal agreement, and shall not be subject to legal jurisdiction in a Court of Law” In such case, the agreement is
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Question 10 of 30
10. Question
1 pointsX married Y and left for the U.S.A., promising to pay Y Rs.5000 per month till such time X was in the U.S.A., This is a case of
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Question 11 of 30
11. Question
1 pointsA contract may be
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Question 12 of 30
12. Question
1 pointsAgreements of a social nature or domestic nature do not contemplate legal relationship and as such are not contracts, which can be enforced. It is
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Question 13 of 30
13. Question
1 pointsOne of the clauses in an agreement was- “This agreement shall not be legally enforceable, but binding in honour only”. In such case, the agreement is
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Question 14 of 30
14. Question
1 pointsWhich of these agreements is punishable
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Question 15 of 30
15. Question
1 pointsUnder what circumstance ‘an offer’ will not lapse
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Question 16 of 30
16. Question
1 pointsAcceptance is complete for the offeree
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Question 17 of 30
17. Question
1 pointsIn case of illegal agreements, the collateral agreements are
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Question 18 of 30
18. Question
1 pointsAn offer may lapse by
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Question 19 of 30
19. Question
1 pointsWhen the consent to an agreement is obtained is voidable at the option of
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Question 20 of 30
20. Question
1 pointsA proposal when accepted becomes a
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Question 21 of 30
21. Question
1 pointsProposal and its valid acceptance make
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Question 22 of 30
22. Question
1 pointsWhen an offer is made to the public as a whole is called
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Question 23 of 30
23. Question
1 pointsRevocation of ‘offer’ can be done by
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Question 24 of 30
24. Question
1 pointsConsent should be given
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Question 25 of 30
25. Question
1 pointsAn agreement which is enforceable by law at the option of one or more of the parties thereon but not at the option of the other or others is a
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Question 26 of 30
26. Question
1 pointsConsideration may be
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Question 27 of 30
27. Question
1 pointsIn commercial and business agreements, the intention of the parties to create legal relationship is
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Question 28 of 30
28. Question
1 pointsIn agreements of purely domestic/social nature, the intention of the parties to create legal relationship is
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Question 29 of 30
29. Question
1 pointsX promises to give Rs.10,000 per month pocket money to his son Y. if X does not give the pocket money
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Question 30 of 30
30. Question
1 pointsX promised to pay his son Y a sum of Rs.2 lakh if Y passed C.S. examinations in the first attempt. Y passed the examinations in the first attempt, but X failed to pay the amount as promised. Y files a suit for recovery of the amount. State whether Y can recover the amount under the Indian Contract Act, 1872.
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