1. An agreement enforceable by law is a
A) Promise
B) Contract ✓
C) Obligation
D) Lawful promise
CA Foundation Paper 2
The Indian Contract Act, 1872 MCQ
Chapter 2 • 117 Questions from ICAI Study Material
Questions
117
Est. Time
88 min
Source
ICAI Book
Question 1 of 117 0 correct | 0 wrong
Why this is correct:
Common Mistake:
Key Concept:
Exam Tip:
Keyboard: 1-4 to select, ← → to navigate
Sample Questions: The Indian Contract Act, 1872
Preview 8 of 117 MCQs from Chapter 2
2. A void agreement is one which is
A) Valid but not enforceable
B) Enforceable at the option of both the parties
C) Enforceable at the option of one party
D) Not enforceable in a court of law ✓
3. An agreement which is enforceable by law at the option of one or more of the parties thereon but not at the option of the other or others is a
A) Valid Contract
B) Void contract
C) Voidable contract ✓
D) Illegal contract
4. When the consent of a party is not free, the contract is
A) Void
B) Voidable ✓
C) Valid
D) Illegal
5. In case of illegal agreements, the collateral agreements are:
A) Valid
B) Void ✓
C) Voidable
D) None of these
6. An offer may lapse by:
A) Revocation
B) Counter Offer
C) Rejection of offer by offeree
D) All of these ✓
7. A proposal when accepted becomes a
A) Promise ✓
B) Contract
C) Offer
D) Acceptance
8. If A says to B "I offer to sell my house to you for Rs. 40,00,000" and B accepts the offer by saying clearly "I accept your offer", it is a/an
A) Implied offer
B) Express offer ✓
C) General offer
D) None of the above