1.

an agreement that provides for release or forfeiture of rights if no suit is brought within the time stipulated in the
agreement is void.
2. Which is the odd one out? Future Goods
3. An illegal agreement taints and renders all the incidental transaction are void ab initio
4. A contract of guarantee is invalid when the guarantee has been obtained by misrepresentation.
5. The expression quid pro quo means adequacy of something in return
6. The term nudum pactum implies bare promise
7. The relationship of principal and agent may be created by Express or implied, Ratification, Operation (all of these).
8. which of the following does not fall in the ambit of bailment? Placing of ornaments in a bank locker
9. the pawnee can retain the goods pledged for Payment of debt or performance, interest on debt, all necessary expenses
incurred by him in respect of the possession or for the preservation of the goods pledged (all of these)
10. A minor can be a promise not a promisor
11. Which of the following clauses is not mandatory as regards consideration, Consideration must be adequate
12. Where party is restrained from breach of a negative term of a contract, this refers to injunction
13. the expression nemo dat quod non habet means one cannot give what one does not have
14. the term wholesomeness in relation to sale of goods means that goods must be for human consumption
15. which of the following does not fall under the heads of public policy? Illegal cohabitation
16. an act or a promise is forbidden by law when it is punishable by the criminal law of the country or when it is prohibited
by special legislation derived from the legislature.
17. To make an effective acceptance, which of the following requirements must be fulfilled? Acceptance must be
communicated to the offeror.
18. specific performance is not granted when the court cannot supervise its execution
19. which of the following is a basic requirement to form a valid contract of sale consideration in price
20. the doctrine of caveat emptor does not apply where the seller makes a false or misrepresentation or fraud.
21. which of the following is not an implied condition in a contract of sale Condition as to Free from Encumbrance.
22. which of the following is mistaken in respect of a contract of sale the delivery of goods or payment of price or both may
be made at some future date
23. which of the following is not an essential element of a valid contract PERFORMANCE
24. when a transaction is simply void but not illegal, the collateral transaction would be valid.
25. a substituted agreement embraces novation and rescission only
26. which of the following does not apply to a valid offer? The offer must be capable of creating legal relations
27. Identical offer made by two parties to each other in ignorance of each other’s offer are known as Cross offer
28. An agent can retain from any sums received on account of the principal for the following payments: all moneys due to
himself in respect of advances made or expenses properly incurred by him in conducting such business, and also such
remuneration as may be payable to him for acting as agent(All of the above)
29. A continuing guarantee may be revoked by a notice of revocation by the surety
30. Discharge of contract due to material alteration fails under Operation of Law
31. Which among the following persons are not competent to contract all of these
32. Consideration and object of an agreement are unlawful if it is forbidden by law
33. A minor was facing a criminal prosecution for smuggling drugs. He borrowed 5000 to hire an advocate to defend him in
the court o flaw. What is the remedy available to the creditor if the minor does not return the money on his own? The
creditor cannot recover the amount from the minor since a contract with a minor is void ab initio
34. Liability of a surety comes to an end by Novation
35. Which of the following is an exception to wagering agreement Athletic competitions
36. A person deemed to be in position to dominate the will of another where he holds a real and apparent authority over the
other
37. Which of the following is not a void agreement? Service rendered without mandate
38. who among the following can demand performance promisee
39. objective impossibility renders a contract terminated in which of the following situations? All of the above
40. against the principal debtor the surety has None of these
41. which of the following are usually regarded as persons of unsound mind. Idiots
42. 'Misrepresentation' means and includes -the positive assertion, in a manner not warranted by the information of the
person making it, of that which is not true, though he believes it to be true
43. Which of the following contracts can be enforced against a minor. None of these.