1. A pretended agent is appointed by the 

 (a) Principal 
(b) Agent 
(c) Sub-Agent 
(d) None of these 

2. Which of the following is not a mercantile agent 

 (a) Factor 
(b) Broker 
(c) Auctioneer 
(d) Insurance agent 

3. A person appointed by an agent to act for the principal, is called 

 (a) Agent 
(b) Sub-agent 
(c) Substituted agent 
(d) Pretended agent 

4. The contracts of indemnity, guarantee, bailment, pledge and agency is covered by section 

 (a) Section 1-75 
(b) Section 76-100 
(c) Section 124-128 
(d) Section 124-238 

5. A proposal when accepted becomes a 

 (a) Contract 
(b) Promise 
(c) Agreement 
(d) None of the above 

6. Consensus-ad-idem means 

 (a) Meeting of minds 
(b) Meeting of opinion 
(c) Equal rights 
(d) Existing condition 

7. Which of the following statements is NOT correct with reference to an agreement? 

 (a) All contracts are agreements 
(b) All agreements are contracts 
(c) The parties must intend to create a legal relationship 
(d) Agreement gives birth to a contract 

8. If Mr. A offers to Mr. B to sell his car at ` 5,00,000 and Mr. B agrees to buy it at ` 4,50,000 and Mr. A refuses it. Later on B offers to buy the car for ` 5,00,000 then 

 (a) A is bound to sell the car 
(b) B can sue A for Breach of Contract 
(c) Both (a) and (b) 
(d) This will be considered as a fresh offer by B and A is not bound to sell his car 

9. Which of the following statements is NOT correct? 

 (a) Acceptance can be expressed or implied 
(b) Acceptance can be conditional 
(c) Acceptance must be given before the offer lapses 
(d) Acceptance must be made in the manner prescribed 

10. Privity of contract means 

 (a) Privacy of the terms of contract 
(b) Giving priority to one party 
(c) A stranger to a contract cannot sue 
(d) Interest of all parties 

MCQs on Indian Contract Act 1872