Fraudulent representations is the false statement of facts made willfully or knowingly or without belief

in its truth.

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True

False

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The correct answer is 'True'.

Question 2
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These are social in nature and do not enjoy the benefits of law and they are not enforceable
because they do not create legal obligations between the parties?
Answer:
Social Agreement

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The correct answer is: Social Agreement

Question 3
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An agreement which is enforceable by law at the option of one or more of the parties thereto but not
at the option of the others is a?
Answer:
agreement

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The correct answer is: voidable contract

Question 4
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The person to whom the goods are delivered?

Answer:
Bailee

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The correct answer is: Bailee

Question 5
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Agreements of a social or domestic nature creates legal obligations.

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True
 False

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The correct answer is 'False'.

Question 6
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Ownership will also be transferred from bailor to bailee with the goods.

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True

False

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The correct answer is 'False'.

Question 7
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Consent caused by fraud or misrepresentation makes a contract?

Select one:
a. Void
b. Voidable

c. Unenforceable

d. No effect at all

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The correct answer is: Voidable

Question 8
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Acceptance may be revoked by acceptor:

Select one:
a. At any time he desires

b. At any time before death

c. After acceptance letter reaches the offeror

d. Before acceptance letter reaches the offeror

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The correct answer is: Before acceptance letter reaches the offeror

Question 9
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The valid offer must be unconditional.

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True

False

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The correct answer is 'True'.

Question 10
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It means that the parties must have agreed upon the same thing in the same sense?
Answer:
Mutual Consent

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The correct answer is: Consent

Comments

Comment:
I consider this answer correct

Question 11
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Agreements the meaning of which is not certain or capable of being made certain are void.

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True

False

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The correct answer is 'True'.

Question 12
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When the relation between the parties are such that one is in position to dominate the will of the
other by uses that position or to obtain an unfair advantage over the other?
Answer:
Under influence

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The correct answer is: Undue influence

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Comment:
I consider this answer correct
Question 13
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Consideration has been defined as the price paid by one party for the promise of the other.

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True

False

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The correct answer is 'True'.

Question 14
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An agreement to do an impossible act?

Select one:
a. Is void

b. Is voidable

c. Is void ab initio
d. Become void on discovery of impossibility

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The correct answer is: Is void ab initio

Question 15
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An agreement is illegal when its performance is forbidden by any law of the country and such an
agreement can never become a contract It is also void.

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True

False

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The correct answer is 'True'.

Question 16
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It means the cancellation of the contract by mutual consent?

Answer:
Discharge

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The correct answer is: Remission

Question 17
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It is the pressure brought to bear upon any person with the intention of causing him to enter into an
agreement against his will?
Answer:
Under influence

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The correct answer is: Coercion

Question 18
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The party making the assignment is the assignee and the person to whom the assignment is made
is the assignor.

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True
 False

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The correct answer is 'False'.

Question 19
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If the consent of either of the parties is not free the agreement becomes a contract.

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True

False

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The correct answer is 'False'.

Question 20
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The person accepting the proposal is called?

Answer:
Promisee
Feedback

The correct answer is: Promisee

Question 21
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A contract is?

Select one:
a. An agreement plus a legal obligation

b. An agreement plus lawful objects

c. A legal obligation only

d. A consensus ad idem

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The correct answer is: An agreement plus a legal obligation

Question 22
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Specific offer can be accepted by:

Select one:
a. Any person

b. Any friend of offeror

c. Any one of the public

d. The person to whom offer is made

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The correct answer is: The person to whom offer is made

Question 23
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These are contracts because they create legal obligations between the parties and in business
agreements it is presumed that the parties intend to create legal relations so all business
agreements are in other words contract?
Answer:
Agreement

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The correct answer is: Legal Agreement

Question 24
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The person making the proposal is called Promisee.

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True

False

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The correct answer is 'False'.

Question 25
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A unilateral contract is also called as two sided contract.

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True

False

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The correct answer is 'False'.

Question 26
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Every agreement and promise enforceable at law is not a contract.

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True

False

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The correct answer is 'False'.

Question 27
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A contract is voidable if it is?

Select one:
a. Enforceable by law at the option of aggrieved party

b. Not enforceable at all

c. Enforceable if certain conditions are satisfied

d. Enforceable by both parties

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The correct answer is: Enforceable by law at the option of aggrieved party

Question 28
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Express breach in which party to the contract does an act which makes the performance of the
contract impossible.

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True

False

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The correct answer is 'False'.

Question 29
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In order to be competent to contract the parties must be of the age of majority and of sound mind?
Answer:
true

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The correct answer is: Capacity of parties

Question 30
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Consent under the undue influence makes contract?

Select one:
a. Void

b. Valid

c. Voidable

d. Unenforceable

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The correct answer is: Voidable

Question 31
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It is committed when a person makes a statement which is false and he knows it to be false?
Answer:
Fraud

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The correct answer is: Fraud

Question 32
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It is a transfer by a party to a contract of some or all of his rights under the contract to a person not
party to the contract?
Answer:
Assignment

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The correct answer is: Assignment

Question 33
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If an agreement does not create legal obligations it is not a contract.

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True

False

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The correct answer is 'True'.

Question 34
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Something in return and it may be some benefit to the party?

Answer:
Consideration

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The correct answer is: Lawful consideration

Question 35
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An anticipatory breach of contract occurs before the time fixed for performance has arrived.

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True

False

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The correct answer is 'True'.

Question 36
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It is not necessary for both of the parties to an agreement to agree about the subject matter of the
agreement in the same sense and at the same time.

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True

False

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The correct answer is 'False'.

Question 37
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A contract arises when one person transfers possession of goods to another person on condition
that he will return them after the accomplishment of purpose?
Answer:
Assingment

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The correct answer is: Bailment

Question 38
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For an agreement there must be a lawful offer by one party and lawful acceptance for that offer from
the other party.

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True

False

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The correct answer is 'True'.

Question 39
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For a valid contract an agreement must be one of those which have been expressly declared to be
void by the act.

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True

False

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The correct answer is 'False'.

Question 40
Correct
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It is an exchange of promises by two or more persons resulting in an obligation to do or to refrain

from doing a particular act, which obligation is recognized and enforced by law?
Answer:
Contract

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The correct answer is: Contract

Question 41
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Itis any untrue statement made by a party to the contract to another which is material statement of
fact and not of law and which induced the other party to act upon the statement and enter into the
contract?
Answer:
voidable

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The correct answer is: Misrepresentation

Question 42
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An agreement is said to be enforceable if it is recognized by court.

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True

False

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The correct answer is 'True'.

Question 43
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Every promise and every set of promises forming the consideration for each other is an?
Answer:
Agreement

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The correct answer is: Agreement

Question 44
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Executed means which is done and a contract is said to be executed when both the parties have
completely performed their obligations it means that nothing remains to be done by either party
under the contract.

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True

False

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The correct answer is 'True'.

Question 45
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Right of lien is only with the bailee in contract of bailment.

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True

False

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The correct answer is 'True'.

Question 46
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Contract is considered as valid?

Select one:
a. Impossibility of performance

b. No Subsequent illegality

c. Rejection of voidable contract

d. Contingent contract

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The correct answer is: No Subsequent illegality

Question 47
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A proposal when accepted becomes a promise.

Select one:
True
 False

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The correct answer is 'True'.

Question 48
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An agreement not enforceable at law is said to be?

Select one:
a. Void

b. Voidable

c. Valid

d. Unenforceable

e. Illegal

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The correct answer is: Void

Question 49
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Question text

In case of death of the promisee his legal representatives can demand performance.

Select one:
True

False

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The correct answer is 'True'.

Question 50
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In case of death of bailor or bailee the contract of bailment is going to be terminated.

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True

False

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The correct answer is 'True'.

Question 51
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Question text

The person delivering the goods is called the bailee.

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True

False

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The correct answer is 'False'.

Question 52
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Where a contractual party transfers his interest to another, the transaction is called?

Select one:
a. Discharge of contract

b. Assignment of contract

c. Waiver of contract

d. Recission of contract

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The correct answer is: Assignment of contract

Question 53
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Promises which form the consideration for each other are called reciprocal promises.

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True

False

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The correct answer is 'True'.

Question 54
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Contract is one which is valid but cannot be enforced in a court of law because of some technical
defect such as absence of writing registration requisite stamp?
Answer:
Voidable

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The correct answer is: Unenforceable contract

Question 55
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If the act is legally or physically impossible to perform the agreement cannot be enforced at law.

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True

False

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The correct answer is 'True'.

Question 56
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The word void means binding in law.

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True

False

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The correct answer is 'False'.

Question 57
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All contracts are agreement but all agreements are not contract.

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True

False

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The correct answer is 'True'.

Question 58
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Novation of contract means replacement of an existing contract by another contract.

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True

False

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The correct answer is 'True'.

Question 59
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When the rights and obligations arising out of a contract come to an end the contract is said to be?
Answer:
Executed

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The correct answer is: discharged

Question 60
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Every agreement of which the object or consideration is unlawful is illegal and therefore valid.

Select one:
True

False

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The correct answer is 'False'.