1) A makes a contract with B to buy his horse for Rs. 10,000 if he is able to secure a Bank loan for the amount. The contract is :


A) Contingent contract


B) Wagering contract


C) Void contract


D) Quasi contract


Answer : A


2) Acceptance to be valid must :


A) Be absolute

 
B) Be unqualified


C) Both (A) and (B)


D) None of the above




Answer : C


3) An agreement without consideration is :


A) Voidable


B) Void


C) Valid


D) Regular


Answer : B



4) The court cannot award damages (U/S 74) :



A) More than the amount stated in contract


B) Equal to amount stated in the contract


C) Court cannot award damages


D) None of these




Answer : A




5) .......... when Accepted becomes a promise.


A) proposal


B) Agreement


C) Both A and B


D) None of these



Answer : A

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