Question 1:- An offer may lapse by

a) Revocation
b) counter offer
c) Rejection of offer by offeree
d) All of these

Question 2:- Which of the following statement is true?

a) there can be a stranger to a contract
b) there can be stranger to a consideration
c) there can be stranger to a contract & consideration
d) None of the above

Question 3:- Ordinarily minor`s agreement is

a) void ab initio
b) voidable
c) valid
d) unlawful

Question 4:- The threat to commit suicide amounts to

a) coercion
b) undue influence
c) misrepresentation
d) fraud

Question 5:- On the valid performance of the contractual obligations by the parties, the contract ;
a) is discharged
b) becomes enforceable
c) becomes void
d) None of the above

Question 6:- In case of anticipatory breach , the aggrieved party may treat the contract;
a) As discharged and bring an immediate action for damages
b) As operative and wait till the time for performance arrives
c) Exercise option either (a) or (b)
d) None of these

Question 7:- A contingent contract depend on the happening of the future uncertain event can be
enforced when the event;
a) happens
b) becomes impossible
c) doesn`t happen
d) either of these

Question 8:- On the acceptance of an offer by a offeree

a) only the acceptor becomes bound by accepting the offer
b) only the offeror becomes bound as his terms are accepted
c) both the acceptor and offeree becomes bound by the contract
d) None of these
Question 9:- Which of the following persons are not competent to contract?
a) minors
b) persons of unsound mind
c) persons disqualified by law
d) All of these

Question 10:- When the consent of a party is obtained by coercion, undue influence, fraud, or
misrepresentation , the contract is ;
a) void
b) voidable
c) valid
d) illegal

Question 11:- Indemnity means

a) security from damage or loss
b) security for more profit
c) An act for protection
d) Both A and B

Question 12:- Section 124 of the contract Act define

a) contracts of minor
b) contracts of conditions
c) contracts of indemnity
d) None of the above

Question 13:- A contract by which one party promises to save the other from loss caused to him by
the conduct of the promisor himself or by the conduct of any other person is called
a) surety contract
b) simple contract
c) contracts of indemnity
d) None of the above

Question 14:- The contract of insurance is infact contract of

a) urgency
b) indemnity
c) both A and B
d) None of the above

Question 15:- A guarantee which extends to a series of transactions is called

a) special guarantee
b) continuing guarantee
c) specific guarantee
d) None of the above

Question 16:- A in consideration that B will employ C in collecting the rent of B`s zamindari , promises
B to be responsible , to the amount of 5000 rupees for the due collection and payment by C of those
rents. This is a
a) restricted guarantee
b) continuing guarantee
c) limited guarantee
d) None of the above

Question 17:- Section 142 of the Contract Act 1872 deals with
a) guarantee obtained by free consent
b) guarantee obtained by fraud
c) guarantee obtained by misrepresentation

Question 18:- The sales of goods Act was enacted on

a) 15th February 1930
b) 15th March 1930
c) 15th April 1930
d) None of the above

Question 19:- The Sale of Goods Act was enforced on

a) 1st day of May 1930
b) 1st day of June 1930
c) 1st day of July 1930
d) None of the above

Question 20:- The Sale of Goods Act is based on

a) US Sale of Goods Act
b) English sale of goods Act
c) Indian sale of goods act
d) None of the above