Business Law

111. Consent given to a contract under some misrepresentation by the other party makes the contract

1. void
2. invalid
3. unenforceable
4. voidable

View answer

112. A promise to compensate ,wholly or in part , a person who has already voluntarily done something for the promisor is

1. enforceable
2. not enforceable because it is without consideration,
3. void
4. voidable.

View answer

113. Consideration in a contract

1. may be past ,present or future,
2. may be present or future only.
3. must be present only.
4. must be future only.

View answer

114. An agreement with or by minor is

1. void
2. voidable at the option of the minor
3. voidable at the option of the other party
4. valid.

View answer

115. An agreement not enforceable by law is said to be

1. void,
2. voidable,
3. valid,
4. unenforceable,
5. illegal.

View answer

116. Flaw in capacity to contract may arise from

1. lack of free consent
2. lack of consideration
3. minority
4. absence of legal formalities.

View answer

117. An acceptance is not according to the mode prescribed but the offerer decides to keep quiet. In such a case there is

1. a contract,
2. no contract,
3. a voidable contract,
4. an unenforceable contract.

View answer

118. A makes an offer to B on 10^th by a letter which reaches B on 12^th B posts letter of acceptance on 14^th which reaches A on 16^th. The communication of acceptance is complete as against A on

1. 12^th
2. 14^th
3. 16^th

View answer