1. A contract is a combination of two elements

(a) An Agreement & An Promise 
(b) An Agreement & An Obligation 
(c) A Promise & An Obligation 
(d) An offer & An Acceptance 

2. A proposal when accepted becomes a

(a) Promise 
(b) Contract  
(c) Acceptance 
(d) Agreement 

3. A void agreement is one which is

(a) Valid but not enforceable 
(b) Enforceable 
(c) Enforceable by one party 
(d) Not enforceable in law 

4. Agreement which are not contracts

(a) Mr. A purchases goods from Mr. B. 
(b) Avanshu supplies goods to Mohit’s firm. 
(c) An agreement for watching cinema. 
(d) None of the above 

5. Which one is correct

(a) All contracts are agreements 
(b) All agreements are contracts 
(c) All agreements are not contracts 
(d) Both (a) & (c) 

6. An agreement which is enforceable by law at the option of one party

(a) Valid contract 
(b) Void contract 
(c) Voidable contract 
(d) Illegal contract 

7. Which of the following is false? An offer

(a) Must be clear, definite, final & complete 
(b) Can be vague 
(c) Must be communicated 
(d) May be general or specific 

8. An offer may lapse by

(a) Revocation 
(b) Counter offer 
(c) Rejection by offeree 
(d) All of the above 

9. Which of the following is false? An acceptance

(a) Must be communicated 
(b) Must be absolute 
(c) Must be unconditional 
(d) May be presumed from silence of offeree 

10. In case of illegal agreements, the collateral agreements are

(a) Valid 
(b) Void 
(c) Voidable 
(d) None of the above 

MCQs on Indian Contract Act 1872