1. The Indian Contract Act came into force on
(A) 15th September, 1872
(B) Ist September, 1872
(C) Ist October, 1872
(D) 15th October, 1872
Ans. (B) H.P.J.2019 OR 2.
2. The Indian Contract Act was enacted in the year:
(a) 1950
(b) 1938
(c) 1945
(d) 1872
Ans.(d). Exp. Indian Contract Act was encated in the year of 1872 and was enforced since 1st September 1872.
3. Drawing cash from ATM, sale by fall of hammer at an auction sale, etc., are examples of
(a) Express contract
(b) Implied contract
(c) Tacit contract
(d) Unlawful contract
Ans: B, H.P.J. 2020 22.
The Indian Contract Act came in to force:
(a) From September 11, 1872
(b) From September 01, 1882
(c) From September 01, 1872
(d) From September 09, 1872
[read more] Ans: C. (H.P.J. 2020) [/read]
4. Which is correct?
(a) Proposal+acceptance = promise
(b) Promise+consideration= agreement
(c) agreement+enforceability = contract
(d) All these
[read more] Ans.(d) D.J.S.2015 Exp. (a) Promise is an accepted proposal; Sec. 2(b). [/read]
5. The interpretation clause of the Indian Contract Act, 1872 has been provided
(a) Section 1
(b) Section 3
(c) Section 2
(d) None of the above
[read more] Ans.(c) U.P.J.2012 Exp.Interpretation clause of the Indian Contract Act 1872 has been provided under Sec. 2 of ICA. [/read]
6. The correct sequence in formation of contract is
(a) offer, consideration, acceptance, agreement
(b) agreement, consideration, offer, acceptance
(c) offer, acceptance, agreement, consideration
(d) offer, acceptance, consideration, agreement
[read more] Ans(d) BIHAR.APO.2013 [/read]
7. A tender is
(A) an offer
(B) an invitation to offer
(C) an invitation for discussion
(D) a promise
[read more] Ans. (B) B.R.J.2016 [/read]
8. Tender is:
(a) an offer
(b) offer
(c) a counter offer
(d) an invitation to promise
[read more] Ans.(b). M.P.J.2006 [/read]
9. A notice in the Newspapers inviting tender is:
(a) A proposal
(b) An invitation to proposal
(c) A promise
(d) An invitation for negotiation
[read more] Ans.(b) H.P.J.2007-I [/read]
10. A Tender is:
(a) Proposal
(b) An invitation for proposal
(c) Counter proposal
(d) Promise
[read more] Ans.(b) C.G.J.2008 [/read]
10. A tender in a newspaper is
(a) invitation to offer
(b) promise
(c) offer
(d) invitation for acceptance
[read more] Ans.(a) JHARKHAND.J.2014 [/read]
11. Under Indian Contract Act publication of notice inviting tender is—
(a) A Proposal
(b) Notice inviting proposal
(c) A promise
(d) Agreement
[read more] Ans.(b) [/read]
12. Tender is:
(A) An offer
(B) A counteroffer
(C) An invitation to offer
(D) A promies
[read more] Ans.(C) H.P.J.2014 Exp.A tender is an invitation to offer. According to Sec. 2(a) of I.C.A, when a party, without expressing his final willingness proposes certain terms on which he is willing to negotiate he does not make an offer but merely invites to make an offer on those terms. Thus, a tender is an invitation for proposal. [/read]
13. Every promise and every set of promises forming the consideration for each other is
(A) an offer
(B) an agreement
(C) an acceptance
(D) a contract
[read more] Ans(B) B.R.J.2016 [/read]
14. Every promise and every set of promises, forming consideration for each other ming consideration for each other, is an:
(a) offer
(b) invitation to offer
(c) acceptance
(d) agreement
[read more] Ans.(d) H.P.J.2013 Exp. - Every promise and every set of promises forming the consideration for each other is an agreement-Sec. 2(e) ICA [/read]
15. Goods displayed in a shop with a price tag is a/an:
(A) Offer
(B) Invitation to offer
(C) Counter-offer
(D) None of these
[read more] Ans.(B) H.P.J.2014 Exp. According to Sec. 2(a) of I.C.A, when a party, without expressing his final willingness proposes certain terms on which he is willing to negotiate he does not make an offer but merely invites to make an offer on those terms. Thus, a tender is an invitation for proposal. [/read]
16 .‘A’ asked ‘B’ : “I want to purchase your bike. What will be the cost” ? ‘B’ replied that the cost will not be less than Rs. 20,000-. ‘A’ was interested to purchase it for Rs. 20,000/. Which one of the following statements is correct?
(a) There was a proposal which was accepted
(b) There was neither a proposal nor an acceptance
(c) There was a proposal but no acceptance
(d) There was a counter offer which was accepted
[read more] Ans.(c) R.J.S.2011 Exp. Exp. In the given problem proposal is valid according to Sec. 2(a) of the Contract Act, but in valid acceptance. [/read]
17.An advertisement of auction is
(a) proposal
(b) mere statement
(c) invitation to offer
(d) standing offer
[read more] Ans.(c) R.J.S.2011 Exp.As per Indian Contract Act, offer and invitation to offer are not same. An offer is the final expression of willingness by the offer but invitation is to invite any person to put an offer. So, advertisment of auction is an invitation to offer only. [/read]
