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Nature of contracts Interview Questions

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A contract which ceases to be enforceable by law becomes void when it cases to be enforceable. A voidable contract is a contract which a enforceable at the option of one party but not at the option of other party. Nature: A void contract was valid when it was made. The purpose of a contract is to establish the agreement that the parties have made and to fix their rights and duties in accordance with that agreement. The courts must enforce a valid contract as it is made, unless there are grounds that bar its enforcement.

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Question
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Goods displayed in a shop window with a price label will amount to: a) Offer b) Acceptance of Offer c) Invitation to offer d) Counter offer
0.3 Rating
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A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of
(a) Counter Offer
(b) Cross Offer
(c) Specific Offer
(d) General Offer
0.4 Rating
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When an offer is made to the world at large, it is ____________ offer.
(a) Counter
(b) Special
(c) General
(d) None of the above
0.3 Rating
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An offer is made with an intention to have negotiation from other party. This type of offer is:
(a) Invitation to offer
(b) Valid offer
(c) Voidable
(d) None of the above
0.3 Rating
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S offered a reward to anyone who returns his lost dog. F bought the dog to S withouh having heard the offer. Which of the following is correct?
(a) F is entitled to the reward
(b) F is not entitled to the reward
(c) S has to find the dog himself
(d) No reward can be given for the return of lost dog
0.3 Rating
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When offer is made to a definite person, it is known as
(a) Special Offer
(b) Counter Offer
(c) Cross Offer
(d) General Offer
0.2 Rating
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Specific offer can be communicated to__________
(a) All the parties of contract
(b) General public in universe
(c) Specific person
(d) None of the above
0.3 Rating
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In case a counter offer is made, the original offer stands:
(a) Rejected
(b) Accepted automatically
(c) Accepted subject to certain modifications and variations
(d) None of the above
0.3 Rating
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_____________ is a game of chance.
(a) Conditional Contract
(b) Contingent Contract
(c) Wagering Contract
(d) Quasi Contract
0.3 Rating
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____________ is good in substance, but suffers from some technical defects like absence in writing, barred by limitation etc.
(a) Valid contract
(b) Voidable contract
(c) Illegal contarct
(d) Unenforceable contract
0.3 Rating
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a voidable contract is one which is ______________.
(a) Not enforceable by either of the parties thereto
(b) Enforceable by either of the parties thereto
(c) Enforceable only with the permission of the court
(d) Enforceable at the option of one of the parties thereto
0.3 Rating
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In case of unenforceable contract having some technical defect, parties
(a) Can sue upon it
(b) Cannot sue upon it
(c) Should consider it to be illegal
(d) None of the above
0.3 Rating
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Is the statement true or false:
"All contracts are agreements but all agreements are not contract"
(a) True
(b) False
(c) Partly true
(d) Can't say
0.2 Rating
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A by a letter dated 10 th January 2008, offers to sell his house to B for Rs 40 Lacs. The letter reaches b on 17th January 2008, who posts his acceptance on 18th January 2008 which reaches A on 30th January 2008. Here the communication of offer is complete on:
(a) 18.01.2008
(b) 30.01.2008
(c) 17.01.2008
(d) 10.01.2008
0.3 Rating
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Which of the following is false? An offer to be valid must: a) Contain a term the non- compliance of which would amount to acceptance. b) Intend to create legal relations c) Have certain and unambiguous terms d) Be communicated to the person to whom it is made
0.3 Rating
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____________ agreements are created by situation:
(a) Written
(b) Oral
(c) Void
(d) Implied
0.3 Rating
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An Executed Consideration is:
(a) An act of mutual exchange of promises
(b) An act done in the expectation of a proposal
(c) An act done in response to a positive promise
(d) All of the above
0.3 Rating
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S agrees to sell his DVD player to R promising to deliver it on the date of payment. R promises to pay the amount one month hence. This is an example of:
(a) Void contract
(b) Illegal contract
(c) Unilateral contract
(d) Bilateral contract
0.3 Rating
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Yatra travels operates AC buses from Mumbai to Nasik. The bus is standing at the bus stop in Mumbai waiting for passengers travelling to Nasik and is ready for departure. There is an __________ for passengers to board.
(a) Internal Offer
(b) External Offer
(c) Express Offer
(d) Implied Offer
0.3 Rating
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All agreements are contracts if they are made by the free consent of the parties competent to contract, for a lawful consideration and with a lawful object and are not expressly declared as _____ by law.
(a) Valid
(b) Void
(c) Lawful
(d) Forceable
0.2 Rating
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India News Network
Latest 20 Questions
Payment of time- barred debt is: (a) Valid (b) Void (c) Illegal (d) Voidable
Consideration is defined in the Indian Contract Act,1872 in: (a) Section 2(f) (b) Section 2(e) (c) Section 2(g) (d) Section 2(d)
Which of the following is not an exception to the rule, "No consideration, No contract": (a) Natural love and affection (b) Compensation for involuntary services (c) Completed gift (d) Agency
Consideration must move at the desire of: (a) The promisor (b) The promisee (c) The promisor or any other party (d) Both the promisor and the promisee
An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer (c) Standing Offer (d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
In case a counter offer is made, the original offer stands: (a) Rejected (b) Accepted automatically (c) Accepted subject to certain modifications and variations (d) None of the above
In case of unenforceable contract having some technical defect, parties (a) Can sue upon it (b) Cannot sue upon it (c) Should consider it to be illegal (d) None of the above
If entire specified goods is perished before entering into contract of sale, the contract is (a) Valid (b) Void (c) Voidable (d) Cancelled
______________ contracts are also caled contracts with executed consideration. (a) Unilateral (b) Completed (c) Bilateral (d) Executory
A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
_____________ is a game of chance. (a) Conditional Contract (b) Contingent Contract (c) Wagering Contract (d) Quasi Contract
There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance (a) Cross Offer (b) Standing Offer (c) Counter Offer (d) Special Offer
An offer is made with an intention to have negotiation from other party. This type of offer is: (a) Invitation to offer (b) Valid offer (c) Voidable (d) None of the above
When an offer is made to the world at large, it is ____________ offer. (a) Counter (b) Special (c) General (d) None of the above
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:- (a) Void (b) Voidable (c) Valid (d) Illegal
A specific offer can be accepted by ___________. (a) Any person (b) Any friend to offeror (c) The person to whom it is made (d) Any friend of offeree
An agreement toput a fire on a person's car is a ______: (a) Legal (b) Voidable (c) Valid (d) Illegal
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