An Agreement enforceable by law is a _______.

(a)

Enforceable acceptance

(b)

Accepted offer

(c)

Approved promise

(d)

Contract

Every promise and every set of promises, forming the consideration for each other, is an _______.

(a)

Agreement

(b)

Contract

(c)

Offer

(d)

Acceptance

Void agreement signifies ______________

(a)

Agreement illegal in nature

(b)

Agreement not enforceable by law

(c)

Agreement violating legal procedure

(d)

Agreement against public policy

Acceptance to be valid must  ________.

(a)

Be absolute

(b)

Be unqualified

(c)

Both be absolute and unqualified

(d)

Be conditional

A contract with or by a minor is a _________.

(a)

Valid contract

(b)

Void contract

(c)

Voidable contract

(d)

Voidable at the option of either party

The law relating to contracts is to be found in the Indian contact act_____.

(a)

1962

(b)

1972

(c)

1982

(d)

1992

Incapacity to contract may arise from________.

(a)

Minority

(b)

Unsound mind

(c)

Disqualified from any contract

(d)

All the above

All illegal agreements are void; but all void agreements are not illegal ______.

(a)

True

(b)

Partly true

(c)

False

(d)

None of the above

Mercantile person denotes ....................

(a)

Individual

(b)

Partnership

(c)

A Company

(d)

All the above

A contract .................

(a)

may be void as originally entered into

(b)

may become void subsequent to its formation

(c)

cannot become void under any circumstances

(d)

may become void at the will of a party

What is law?

Who can enter into a contract?

What is meant by Contract?

Who is an Alien Enemy?

What is Valid Contract?

What is meant by Offer.

What do you mean by Agreement?

Who is a promisor, promissee?

What are all the types of agreements?

Write the meaning of contract.

Explain the essentials of a valid contract?

Difference between Contract and Agreement.

Explain the classification of contracts on the basis of performance.