LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Single Answer

Question An Association of many persons who contribute money or
money's worth to a common stock and employ it for a common
purpose. It is known as a :-
Correct Answer Company

Your Answer Company

True/False
Question The Act is passed merely to settle the disputes of commercial
transactions.
Correct Answer False

Your Answer False

True/False
Question In formal contracts, consideration is not required.

Correct Answer True

Your Answer True

Select The Blank

Question According to Salmond and ________, a promise without
consideration is a gift and one made with consideration is a
bargain.
Correct Answer Winfield

Your Answer Winfield

Multiple Choice Multiple Answer

Question The object of the contract should be :-

Correct Answer Legal one , Lawful

Your Answer Legal one

Match The Following

Question Correct Answer Your Answer

Fact and Law The types of "Mistake" The types of "Mistake"

An order of the court Injunction Order Injunction Order

asking a person to do or
abstain from doing a
particular act, which is the
subject matter of the
contract
The Indian Contract Act, Applicability Applicability