1. The Indian Contract Act came into force on:
(a) 15th September, 1872
(b) 1st September, 1872
(c) 1st October, 1872
(d) 15th October, 1872.
2. The Indian Contract Act, applies to the:
(a) Whole of India
(b) Whole of India
(c) States notified by the Central Government from time to time
(d) None of the above. Answer:
3. An agreement consists of reciprocal promises between at least
(a) four parties.
(b) six parties.
(c) three parties.
(d) two parties.
4. Every promise and every set of promise forming the consideration for each other is a/an
(a) contract.
(b) agreement.
(c) offer.
(d) acceptance.
5. Contract is defined as an agreement enforceable by law, vide Section … of the Indian Contract Act.
(a) Section 2(e)
(b) Section 2(f)
(c) Section 2(h)
(d) Section 2(i)
6. Valid contracts
(a) are made by free consent.
(b) are made by competent parties.
(c) have lawful consideration and lawful object.
(d) all of the above.
7. A contract creates
(a) rights and obligations of the parties to it.
(b) obligations of the parties to it.
(c) mutual understanding between the parties to it.
(d) mutual lawful rights and obligations of the parties to it.
8. In agreements of a purely domestic nature, the intention of the parties to create legal relationship is
(a) to be proved to the satisfaction of the court.
(b) presumed to exist.
(c) required to the extent of consideration.
(d) not relevant at all.
9. ………………. is forbidden by law.
(a) Valid contract
(b) Illegal agreement
(c) Voidable contract
(d) Unenforceable contract
10. A makes a contract with B to beat his business competitor. This is an example of
(a) valid contract.
(b) illegal agreement.
(c) voidable contract.
(d) unenforceable contract.
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