Objective Questions with Answers on Law Of Contract : 74

1) Display of goods in a shop with price tag is...

A) A general offer

B) An offer

C) A counter offer

D) An invitation to offer

Answer : D

2) A person who finds goods belonging to another and takes them into his custody, is liable for those goods as :

A) An agent

B) A creditor

C) A bailee

D) A debtor

Answer : C

3) Active concealment of fact is associated with :

A) Mistake

B) Coercion

C) Misrepresentation

D) Fraud

Answer : D

4) Promises which from the consideration or part of the consideration for each other, are called :

A) Agreement

B) Reciprocal

C) Contract

D) Executed consideration

Answer : B

5) Provisions relating to the following have been provided under the indian contract Act :

1. Illegal agreement

2. Coercion

3. Quasi contract

4. Contract

The correct order in which these Provisions appear in the Indian contract Act is :

A) 1, 2, 3 and 4 

B) 4, 2, 1 and 3

C) 4, 3, 1 and 1

D) 3, 4, 1 and 2

Answer : B