BCom CA BL 2022-23

An agreement enforceable by law is a

• Promise

• Contract

• Obligation

• Lawful promise

A void agreement one which is

• Valid but not enforceable

• Enforceable at the option of both the parties

• Enforceable at the option of one party

• Not enforceable in a court of law

An agreement which is enforceable by law at the option of one or more of the parties thereon but not at

the option of the other or others is a

• Valid Contract

• Void contract

• Voidable contract

• Illegal contract

When the consent of a party is not free, the contract is

• Void

• Voidable

• Valid

• Illegal

In case of illegal agreements, the collateral agreements are:

• Valid

• Void

• Voidable

• None of these

An offer may lapse by

• Revocation

• Counter Offer

• Rejection of offer by offeree

• All of these

A proposal when accepted becomes a

• Promise

• Contract

• Offer

• Acceptance

If A says to B “I offer to sell my house to you for T 10,00,000” and B accepts the offer by saying clearly “I accept your offer”, it is a/an

• Implied offer

• Express offer

• General offer

• None of these

‘A’ offered a reward of Rs 10,000 for recovery of some valuable missing articles. ‘B’ who did not know of this offer, found the missing articles. Which one of the following is the correct solution to this problem?

• Giving delivery of articles to ’A’ amounts to an acceptance and hence ‘B’ is entitled to get the

  reward of 10,000

• Giving delivery of articles to ‘A' amounts to performance of a condition precedent to an offer and hence there is valid acceptance. So ‘B’ must get the reward of 10,000

• As there is no acceptance of an offer due to want of Knowledge, ‘B', is not entitled to get the reward of 10,000

• In the absence of any legal obligation on ‘A’, no claim for reward of 10,000 is maintainable by

  ‘B’.

Arun has two cars- one of white colour and another of red colour. He offers to sell one of the cars to Basu thinking that he is selling the car which has white colour. Basu agrees to buy the car thinking that Arun is selling the car which has red colour. Will this agreement becomes a valid contract?

• Yes

• No

• Insufficient information

• None of the above