1) change of the nature of the obligation in a contract is known as -----
A) Rescission
B) Novation
C) Frustration
D) Breach
Answer : B
2) the juristic concept of contract consists of -----
A) Offer and acceptance
B) Offer and Agreement
C) Party
D) None of these
Answer : A
3) A minor enters into an agreement representing himself to be a major
Consider the following statement-----
Consider the following statement-----
1. Minor commits Fraud if the other party does not have personal knowledge of age.
2. Such agreement is enforceable
3. The doctrine of estoppel does not apply in minor's case
4. Other party is entitled to get back the benefit passed to minor, if innocent about his age
Which of the statement given above are correct ?
A) 1, 3 and 4
B) 2 and 3
C) 1, 2 and 4
D) 2 and 4
Answer : B
4) Which one of the following statement is not correct
A) Minor's Agreement is void
B) Wagering Agreement is void
C) Agreement caused by mutual mistakes is void
D) Contract without consideration is void
Answer : D
5) A promise to paint a picture for B by 30 December, 2006 on a certain price. A dies before that
date ----
A) B can enforce the contract
B) B can enforce the contract against A's representatives
C) B cannot enforce the contract
D) None of the above
Answer : C
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