1) Give correct answer :
A) Void agreements are always illegal.
B) Illegal agreements are always voidable .
C) Illegal agreements are always Void.
D) Voidable contract are always illegal.
Answer : C
2) A contact is :
A) A set of promise forming consideration for each other.
B) An agreement acceptable to both the parties about common thing.
C ) An understanding between the parties about a common thing.
D) An agreement enforceable by law.
Answer : D
3) A person has the capacity to contract :
A) He is a major and sound mind.
B) If he can fully understand the nature of his contract .
C) If he is not disqualified from contracting by any law to which he is subject .
D) If he fulfill all the above conditions.
Answer : D
4) A agrees to sell to B 1000 mounds of rice at a price to be fixed by C :
A) Valid
B) Void for uncertainty
C) voidable at the option of B.
D) Voidable at the option of C.
Answer : A
5) If an infant obtains property or goods by misrepresenting his age, he may be compelled to return the same....
This is known as :
A) Redemption
B) Subrogation
C) Restitution
D) Contribution
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