1) In order to convert a proposal into a promise, the acceptance must be :

A) Qualified

B) Unqualified

C) Absolute

D) Absolute and Unqualified

Answer : D

2) If the creditor accepts a lesser sum of money than what was due under the contract in discharge of whole debt, it is called :

A) Remission

B) Rescission

C) Novation

D) Waiver

Answer : A

3) The principle that an information supplied to an enquiry is an invitation to treat, it was laid down in the case of :

A)  Twedle Vs Atkinson

B) Harvey Vs Facey

C) Bourne Vs Mason

D) Prince Vs Easton

Answer : B

4) Which one of the following Agreement is Void for unlawful consideration ?

A) An agreement to drop a compoundable criminal proceedings on receipt of compensation

B) An agreement by which a government servant has acquired properties in the name of other

C) Fees of an advocate are settled in the agreement on the basis of percentage of recoveries

D) None of the above

Answer : B

5) Agreement which are in the nature of bets and gambling are called :

A) Invalid agreement

B) Voidable contract

C) Contingent contracts

D) None of the above

Answer : D


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