Contract Law Quiz

An agreement enforceable by law is a:

• Promise

• Contract

• Consideration

• Offer

Which of the following statements is true about consideration under the Indian Contract Act?

• Consideration must move at the desire of the promisor

• Consideration must be adequate

• Consideration must be in writing

• Consideration must be present

Which of the following is a valid contract?

• Agreement with a minor

• Agreement without consideration

• Agreement with a lawful object

• Agreement to commit fraud

What is the term used for a person who makes an offer?

• Offeree

• Promisor

• Promisee

• Offeror

A enters into an agreement with B who has robbed A of ` 10,000 to drop prosecution against him in consideration of B’s returning ` 8,000. Afterwards B refused to pay. A can get from B

 

•  ` 8,000

• 100

• Nothing

• 0,000 plus damages

1.             On attaining the age of majority, a minor’s agreement:

•    cannot be ratified by him

• becomes valid

• can be ratified by him

• becomes void

1.             A mere attempt to deceive a party to a contract:

       

• is fraud even though the party is not deceived

•    is not fraud unless the party is actually deceived

•    amounts to coercion

• amounts to misrepresentation

1.             Which of the following statement is false? Consideration:

  

• (a)          Must move at the desire of the promisor.

• May move from any person

• Must be illusory

• Must be of some value

1.             A, B and C jointly promised to pay ` 60,000 to D. before performance of the contract, C dies. Here, the contract

     

•    Becomes void on C’s death

• Should be performed by A and B along with C’s legal representatives

• Should be performed by A and B alone

• Should be renewed between A, B and D.

1.             A wagering agreement in India is declared by the Contract Act as

        

• Illegal and void

• Void but not illegal

• Voidable at the option of the aggrieved party

• Immoral