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



Answer : C


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