Test – I

Business Law
1. Define Contract
2. What is Valid Contract?
3. What is Void Contract?
4. What is Voidable Contract?
5. What is contingent contract?
6. What is Quasi Contract?
7. What is Executed Contract?
8. What is Counter Offer?
9. What is Acceptance?
10. What are laps of an offer?
11. What is Consideration?
12. Define offer
13. State the meaning of Specific offer
14. Define consideration.
15. What are the rules governing consideration?
16. Explain the essentials of a valid acceptance.
17. What is Capacity of Parties?
18. Who is Competent to Contract?
19. Who is a minor?
20. Who is a Lunatic?
21. Who is of Unsound Mind? / ‘Who is a person with a sound mind?
22. Who is Convict?
23. Who is an idiot?
24. What is Coercion?
25. What is Free Consent?
26. What is Undue Influence?
27. What is fraud?
28. What is misrepresentation?
29. What is a mistake?
30. What is Performance of Contract?
Dear All,
Good Morning. Today, for Business Law Classes, Kindly write the answers for the above
important 2 mark questions on A4 sheets and after writing it, send the scanned photo copy of
your answers in PDF form (merged file). Do not send the answers in separate sheets.
For Internal mark calculation, I will consider this mark as TEST – 1. So be serious and send me
the answers to my whatsapp or my email id (jeganrajraj@gmail.com)
For writing answers, you can refer internet or my notes.
Thank You