Business law Questions

1. When Contract Act came into force?

2. Define Contract?
3. What is meant by free consent in valid contract?
4. What formalities must be fulfilled for valid contract?
5. What is meant by valid contract?
6. What is meant by voidable contract?
7. What are the classifications of contracts?
8. What is meant by express contract?
9. Define void agreement?
10. Define proposal or offer?
11. Name the parties which are involved in proposal?
12. What are the types of proposal?
13. What is meant by acceptance?
14. Write four essentials of valid acceptance?
15. What are the revocations or termination of offer? Write any four?
16. Define consideration?
17. Write any four necessary requirements for a valid consideration?
18. What is meant by present consideration?
19. Write any four exceptions of consideration?
20. What is meant by minor?
21. What do you understand by the capacity to contract?
22. Define unsound mind under contract act?
23. What us meant by contingent contract?
24. What are the rules of performance or contingent contract?
25. What is meant by quasi contract?
26. What are the types of quasi contract?
27. What is meant by discharge of contract?
28. What are modes of discharge of contract?
29. What is remission in discharge of contract?
30. What is meant by breach of contract?
31. What are the remedies for breach of contract?
32. How a contract can be terminated?
33. Define contract of indemnity?
34. Which parties are involved in contract of indemnity?
35. What are the rights of indemnity holder?
36. What is meant by contract of guarantee?
37. Name the parties which are involved in contract or guarantee?
38. Write the kinds of guarantee?
39. Write any 5 difference between indemnity and guarantee?
40. What is meant by continuing guarantee?
41. What is meant by liability of surety?
42. What are the rights of surety?
43. Which parties are involved in contract of bailment?
44. Write the duties of Bailee under contract of bailment?
45. How contract of bailment can be terminated?
46. What is meant by pledger or pawn?
47. Write any 3 difference between pledge and bailment?
48. What is meant by agency?
49. Define agent and principal?
50. What are the modes of creation of agency?
51. What are the rights of a principal?
52. How contract of agency can be discharged?
53. What is meant by contract of sale of goods?
54. What is difference between sale and contract to sell goods?
55. Define Doctrine of CAVEAT EMPTOR?
56. What is meant by GOODS?
57. Define warranty?
58. What are the duties of Pawnee?
59. Define finder of lost goods?
60. What is meant by implied contract and express contract?