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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