Q.

1Fraudulent representations is the false statement of facts made willfully or knowingly or

without belief in its truth.
Select one:

True
False
Question text 2
These are social in nature and do not enjoy the benefits of law and they are not enforceable
because they do not create legal obligations between the parties?

Answer:
Question text 3
An agreement which is enforceable by law at the option of one or more of the parties thereto
but not at the option of the others is a?

Answer:
Question text 4
The person to whom the goods are delivered?

Answer:
Question text 5
Agreements of a social or domestic nature creates legal obligations.
Select one:
True

False
Question text
Ownership will also be transferred from bailor to bailee with the goods.
Select one:
True

False
Question text
Consent caused by fraud or misrepresentation makes a contract?
Select one:

a. Void
b. Voidable
c. Unenforceable
d. No effect at all
Question text
Acceptance may be revoked by acceptor:
Select one:
a. At any time he desires
b. At any time before death
c. After acceptance letter reaches the offeror

d. Before acceptance letter reaches the offeror

Question text
The valid offer must be unconditional.
Select one:
True

False
Question text
It means that the parties must have agreed upon the same thing in the same sense?

Mutual Consent
Answer:
Agreements the meaning of which is not certain or capable of being made certain are void.
Select one:
True

False
Question text
When the relation between the parties are such that one is in position to dominate the will of
the other by uses that position or to obtain an unfair advantage over the other?

Under influence
Answer:
Question text
Consideration has been defined as the price paid by one party for the promise of the other.
Select one:

True
False
Question text
An agreement to do an impossible act?
Select one:

a. Is void
b. Is voidable
c. Is void ab initio
d. Become void on discovery of impossibility
Question text
An agreement is illegal when its performance is forbidden by any law of the country and such
an agreement can never become a contract It is also void.
Select one:

True
False
Question text
It means the cancellation of the contract by mutual consent?

Answer:
Question text
It is the pressure brought to bear upon any person with the intention of causing him to enter
into an agreement against his will?

Under influen
Answer
Question text
The party making the assignment is the assignee and the person to whom the assignment is
made is the assignor.
Select one:

True
False
Question text
If the consent of either of the parties is not free the agreement becomes a contract.
Select one:
True

False
Question text
The person accepting the proposal is called?

Answer:
Question text
A contract is?
Select one:

a. An agreement plus a legal obligation

b. An agreement plus lawful objects
c. A legal obligation only
d. A consensus ad idem
Question text
Specific offer can be accepted by:
Select one:
a. Any person
b. Any friend of offeror
c. Any one of the public

d. The person to whom offer is made

Question text
These are contracts because they create legal obligations between the parties and in business
agreements it is presumed that the parties intend to create legal relations so all business
agreements are in other words contract?

Answer:
Question text
The person making the proposal is called Promisee.
Select one:
True

False
Question text
A unilateral contract is also called as two sided contract.
Select one:
True

False
Question text
Every agreement and promise enforceable at law is not a contract.
Select one:

True
False
Question text
A contract is voidable if it is?
Select one:
a. Enforceable by law at the option of aggrieved party

b. Not enforceable at all

c. Enforceable if certain conditions are satisfied
d. Enforceable by both parties

Question text
Express breach in which party to the contract does an act which makes the performance of the
contract impossible.
Select one:

True
False
Question text
In order to be competent to contract the parties must be of the age of majority and of sound
mind?

Answer:
Question text
Consent under the undue influence makes contract?
Select one:
a. Void
b. Valid

c. Voidable
d. Unenforceable
Question text
It is committed when a person makes a statement which is false and he knows it to be false?

Answer:
Question text
It is a transfer by a party to a contract of some or all of his rights under the contract to a person
not party to the contract?

Answer:
Question text
If an agreement does not create legal obligations it is not a contract.
Select one:

True
False
Question text
Something in return and it may be some benefit to the party?

Answer:
Question text
An anticipatory breach of contract occurs before the time fixed for performance has arrived.
Select one:
True

False
Question text
It is not necessary for both of the parties to an agreement to agree about the subject matter of
the agreement in the same sense and at the same time.
Select one:
True

False
Question text
A contract arises when one person transfers possession of goods to another person on
condition that he will return them after the accomplishment of purpose?

---
Answer:
Question text
For an agreement there must be a lawful offer by one party and lawful acceptance for that offer
from the other party.
Select one:

True
False

Question text
For a valid contract an agreement must be one of those which have been expressly declared to
be void by the act.
Select one:
True

False
Question text
It is an exchange of promises by two or more persons resulting in an obligation to do or to
refrain from doing a particular act, which obligation is recognized and enforced by law?

Answer:
Question text
Itis any untrue statement made by a party to the contract to another which is material
statement of fact and not of law and which induced the other party to act upon the statement
and enter into the contract?

Answer:
Question text
An agreement is said to be enforceable if it is recognized by court.
Select one:

True
False
Question text
Every promise and every set of promises forming the consideration for each other is an?

Answer:
Question text
Executed means which is done and a contract is said to be executed when both the parties have
completely performed their obligations it means that nothing remains to be done by either
party under the contract.
Select one:

True
False
Question text
Right of lien is only with the bailee in contract of bailment.
Select one:

True
False
Question text
Contract is considered as valid?
Select one:
a. Impossibility of performance

b. No Subsequent illegality
c. Rejection of voidable contract
d. Contingent contract
Question text
A proposal when accepted becomes a promise.
Select one:

True
False
Question text
An agreement not enforceable at law is said to be?
Select one:

a. Void
b. Voidable
c. Valid
d. Unenforceable
e. Illegal
Question text
In case of death of the promisee his legal representatives can demand performance.
Select one:

True
False
Question text
In case of death of bailor or bailee the contract of bailment is going to be terminated.
Select one:

True
False
Question text
The person delivering the goods is called the bailee.
Select one:
True

False
Question text
Where a contractual party transfers his interest to another, the transaction is called?
Select one:
a. Discharge of contract

b. Assignment of contract
c. Waiver of contract
d. Recission of contract
Question text
Promises which form the consideration for each other are called reciprocal promises.
Select one:

True
False
Question text
Contract is one which is valid but cannot be enforced in a court of law because of some
technical defect such as absence of writing registration requisite stamp?

Answer:
Question text
If the act is legally or physically impossible to perform the agreement cannot be enforced at
law.
Select one:

True
False
Question text
The word void means binding in law.
Select one:
True

False
Question text
All contracts are agreement but all agreements are not contract.
Select one:

True
False
Question text
Novation of contract means replacement of an existing contract by another contract.
Select one:

True
False
Question text
When the rights and obligations arising out of a contract come to an end the contract is said to
be?

Answer:
Question text
Every agreement of which the object or consideration is unlawful is illegal and therefore valid.
Select one:
True

False