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
Show Answer2. The Indian Contract Act was enacted in the year:
(a) 1950
(b) 1938
(c) 1945
(d) 1872
Show Answer3. 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
Show AnswerThe 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
Show Answer4. Which is correct?
(a) Proposal+acceptance = promise
(b) Promise+consideration= agreement
(c) agreement+enforceability = contract
(d) All these
Show Answer5. 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
Show Answer6. 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
Show Answer7. A tender is
(A) an offer
(B) an invitation to offer
(C) an invitation for discussion
(D) a promise
Show Answer8. Tender is:
(a) an offer
(b) offer
(c) a counter offer
(d) an invitation to promise
Show Answer9. A notice in the Newspapers inviting tender is:
(a) A proposal
(b) An invitation to proposal
(c) A promise
(d) An invitation for negotiation
Show Answer10. A Tender is:
(a) Proposal
(b) An invitation for proposal
(c) Counter proposal
(d) Promise
Show Answer10. A tender in a newspaper is
(a) invitation to offer
(b) promise
(c) offer
(d) invitation for acceptance
Show Answer11. Under Indian Contract Act publication of notice inviting tender is—
(a) A Proposal
(b) Notice inviting proposal
(c) A promise
(d) Agreement
Show Answer12. Tender is:
(A) An offer
(B) A counteroffer
(C) An invitation to offer
(D) A promies
Show Answer13. 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
Show Answer14. 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
Show Answer15. 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
Show Answer16 .‘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
Show Answer17.An advertisement of auction is
(a) proposal
(b) mere statement
(c) invitation to offer
(d) standing offer
Show Answer