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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
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
0.8 Rating
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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
0.9 Rating
View Answer
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
0.8 Rating
View Answer
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
0.5 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
0.5 Rating
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Legal obligation means a duty enforceable by:
(a) Law
(b) Society
(c) Custom
(d) none of the above
0.5 Rating
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If entire specified goods is perished before entering into contract of sale, the contract is
(a) Valid
(b) Void
(c) Voidable
(d) Cancelled
0.4 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
0.4 Rating
View Answer
______________ contracts are also caled contracts with executed consideration.
(a) Unilateral
(b) Completed
(c) Bilateral
(d) Executory
0.5 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
0.4 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
0.4 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
0.4 Rating
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The Law of Contract extends to _________
(a) Whole of India
(b) Whole of India except the state of Jammu and Kashmir
(c) North India only
(d) South India only
0.4 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
0.4 Rating
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A sells some smuggled goods at Rs. 100. The contract is void on the ground:
(a) Illegality
(b) Opposed to public policy
(c) Fraudulent
(d) None of the above
0.4 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
0.5 Rating
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_________ amounts to rejection of the original offer.
(a) Cross offer
(b) Special offer
(c) Standing offer
(d) Counter offer
0.4 Rating
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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
0.5 Rating
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In case of illegal agreements, the collateral agreements are: a) valid b) Voidable c) Void d) None
0.4 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
0.3 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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