An Agreement enforceable by law is a _______.

(a)

Enforceable acceptance

(b)

Accepted offer

(c)

Approved promise

(d)

Contract

Void agreement signifies ______________

(a)

Agreement illegal in nature

(b)

Agreement not enforceable by law

(c)

Agreement violating legal procedure

(d)

Agreement against public policy

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

Which of the following law is base for the development of Indian contract Act 1872 ?

(a)

English Common Law

(b)

America Common Law

(c)

Austrilia Common Law

(d)

Europe Common Law

A contract in which, under the terms of a contract, nothing remains to be done by either party is known as ______.

(a)

executed contract

(b)

executory contract

(c)

unilateral contract

(d)

none of the above

A appoints B as his agent, by way of a power of attorney. This is an example of ______.

(a)

express contract

(b)

implied contract

(c)

tacit contract

(d)

unlawful contract

The Contract Act came into force ______.

(a)

from 1 September 1972

(b)

before 1 September 1882

(c)

from 1 September 1872

(d)

after 1 September 1872

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

(a)

Individual

(b)

Partnership

(c)

A Company

(d)

All the above