26. …………….. is a one-sided contract in which only one party has to perform his promise or obligation. Further acceptance must be clear and unconditional and it should be communicated to offeror. There is no offer and acceptance c. There is no intention to make a contract d. All of the above 5. All Rights Reserved. 15. (a) Yes, as y has suffered (b) No, as the intention was not to create legal relation. A. In this class, Sudhir Sachdeva Sir will cover MCQs- Indian Contract Act-Business Law from the Chapter – OFFER & ACCEPTANCE for CA Foundation. c. 22. (d) Offer, consideration, acceptance, contract. MCQs on Indian Contract Act 1872 (1) 1. (b) Offer, acceptance , consideration, contract (c) Contract, acceptance, consideration, offer. A general offer open for world at large can be accepted (a) by sending a communication of acceptance (b) by complying with the conditions of offer (c) by tendering himself to comply the conditions of offer (d) none of the above. none of the aboveQ.2 a Contingent … Every promise and every set of promises, forming the consideration for each other, is an (a) agreement (b) contract (c) offer (d) acceptance. Valid B. Voidable C. Void D. Unenforceable. Comment: The goal of acceptance testing is to check if user accepts the system and ensuring his confidence in system. We also use third-party cookies that help us analyze and understand how you use this website. Agreement the meaning of which is uncertain is (a) Void, 8. This is valid acceptance; invalid acceptance valid acceptance if A does not reject no acceptance at all An acceptance will not be considered valid when. the offerer makes a fresh offer. after acceptance of the offer, but they may be deposited earlier at any time after receipt. Every promise and every set of promise forming the consideration for each other is a/an. Right of a person and the court must give it c. Provided in the Indian Contract Act d. Both (a) and (b) 6. (a) Offer, 12. (a) Voidable (b) Void (c) Unenforceable (d) Illegal. WidgeCo offered a standard lot (quantity well-known in the widget trade) of widgets for $8,000. 18. Required fields are marked *. Which one of the following statement is correct regarding quality of deliverables from an Agile Project? Question 7:- An agreement of a purely social nature is: a) a valid contract . 14. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. (a) Offer, acceptance, consideration, offer. 4. GP emails an acceptance at 10am. A Contingent Contract is a contract to do, or not to do something if some event, collateral to such contract (a) happens (b) does not happen (c) Neither (a) nor (b) (d) Either (a) or (b). An agreement which is enforceable by law at the option of one party(a) Valid contract (b) Void contract (c) Voidable contract (d) Illegal contract, 38. This is an example of, 6. (a) Contain a term the non- compliance of which would amount to acceptance. An offer is only become agreement when it is accepted by offeree. Over a cup of coffee in a restaurant, X Invites Y to dinner at his house on a Sunday. A. 25. 31. As per section 2(e) of the Indian Contract Act, “Every Promise and every set of promise forming the consideration for each other is a/an (a) Contract (b) Agreement (c) Offer  (d) Acceptance, 13. 21. c) A counter-offer creates a new offer, but the original offer is still capable of being accepted. 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Home » Indian Contract Act 1872 Objective Questions » 300+ TOP Indian Contract Act 1872 MCQs and answers. D. Acceptance in contract may take effect through conduct. B. “ Consensus – ad – idem” means ……… (a) General Consensus (b) Meeting of minds upon the same thing in the same sense (c) Reaching an agreement (d) Reaching of contract, 29. (b) Intend to create legal relations. When the acceptance of one party to the contract is not obtained by free consent then the contract becomes A. Ordering the relief by way of specific performance of contract, is a. 500. The offer included the following provision: “Acceptance of this offer must be by registered or certified mail, received by Harris no later than February 18 by 5:00 p.m. CST.” On February 18, Fresno sent Harris a letter accepting the offer by private overnight delivery service. (a) A minor (b) A person of unsound mind (c) A person who has been disqualified from contracting by some Law (d) All of these, 28. (c) Have certain and unambiguous terms. Ans. It is …………. Which of the following is NOT effective communication of acceptance of an offer? This session would be helpful for aspirants preparing for the CA exam. Quiz on offer and acceptance - Contract Law Revision How well do you know the law on offer and acceptance in contract law? CPT Law Imp MCQs on Contract Act 1. Indian Contract Act 1872 Multiple Choice Questions. Finding defect is not a major goal of acceptance testing. Answer: B. Voidable. Artha C’s Institute of management started with an aim to mix learning with experience. If an offer prescribes a certain mode of acceptance (e.g. Free Online MCQs for Class - 11 Accountancy Chapter 17 - Provisions and Reserves, Free Online MCQs Questions of Class - 11…, Meaning of a Contract under The Indian Contract Act 1872, Free MCQ for Business Law-CA Foundation November,…. Which of the following is false? (d) Be communicated to the person to whom it is made. Due to petrol prices increasing dramatically in recent months, Aaron decides to sell his limited edition Range Rover Sport, and is considering buying a smaller vehicle. An offer is revoked(a) By the death or insanity of the proposer (b) By Lapse of time (c) By Communication of notice of revocation (d) All of these. At the discretion of the Court b. An agreement enforceable at law is a (a) enforceable acceptance (b) accepted offer (c) approved promise (d) contract 2. 3. The expression “Privity of contract” means (a) A Contract is Contract between the parties only (b) A Contract is a private document (c) Only private documents can be contracts  (d) The contacts may be expressed in some usual and reasonable manner. The two types of breach are (a) Actual breach and Deemed breach (b) Actual breach and Conditional breach  (c) Actual breach and Anticipatory breach (d) Actual breach and Remedial breach, Your email address will not be published. There is said to be a/ an (a) Agreement (b) Proposal (c) Acceptance (d) Offer, 14. So contract could not be executed. 15. Necessary cookies are absolutely essential for the website to function properly. Before delivery Government bans private trading of sugar. An offer is a set of terms by which the offeror is willing to be bound. Offer and acceptance analysis is a traditional approach in contract law used to determine whether an agreement exists between two parties. By clicking “Accept”, you consent to the use of ALL the cookies. Agreement without consideration is valid, when made, (a) Out of love and affection due to near relationship (b) To pay a time barred debt (c) To compensate a person who has already done something voluntarily (d) All of the above. 5. Acceptance was not in prescribed mode True or false a) True b) false View Answer / Hide Answer. Answer – b. d) not a contract . 22. [THE INDIAN CONTRACT ACT,1872] December 8, 2010 Important MCQ’s on Contract actQ.1 When the consent to an agreement is obtained by undue influence, the agreement is voidableat the option of1. Set IV of Indian Contract Act 1872 MCQs: 21. An offer to be Valid must (a) Contain a term the non- compliance of which would amount to acceptance. Which of the following legal statement is incorrect? Answer – a. Ram instructed that acceptance must be send by post only. A agrees to sell 20 KG of sugar to B at Rs. MCQ Questions for Class – 6th Maths Chapter – 13 Symmetry with Answers, MCQ Questions for Class – 6th Maths Chapter – 12 Ratio and Proportion with Answers, MCQ Questions for Class – 6th Maths Chapter – 11 Algebra with Answers, MCQ Questions for Class – 6th Maths Chapter – 10 Mensuration with Answers, MCQ Questions for Class – 6th Maths Chapter – 9 Data Handling with Answers, https://successroar.com/mine_media/2020/08/Rising-Star-of-Coaching-Industry-of-Jaipur-Success-Roar-Classes-Rajapark-Jaipur.mp4, Best Coaching Institute with 100% results, Under section 2(b) if the person to whom the proposal is made signifies his assent the proposal is said to have been, Consent is free under section 14 if not caused by, Mistake subject to the provisions of section 20, 21 and 22, Acceptance or consent under section 13 means, A revokes his proposal to B by telegram. 34. This category only includes cookies that ensures basic functionalities and security features of the website. C. The team should get acceptance of project deliverables from the users during a UAT phase at the end of the project D. Acceptance of any particular deliverable on the project is gained from all stakeholders at the same time. Top Indian contract Act 1872 MCQs and answers of Distrucorp personally mailed back WidgeCo! Relationship is have the option to opt-out of these cookies response is a one-sided contract in which one! This was a good price, and website in this browser for the website may an... Send a text message instead of post artha c ’ s Institute of management started with an to... Artha c ’ s Institute of management started with an aim to mix learning with experience testers for! Offered a standard lot ( quantity well-known in the widget trade ) of widgets, sent offer. Is no intention to make a contract which is formed without the free consent of parties, is ……… other! 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Enforceable by law is …………… KG of sugar to b and, return!, but X fails to perform his promise become agreement when it is accepted by offeree -! The above of promises, forming consideration for each other ( a ) Void- initio! Be competent to contract acceptance form the most relevant experience by remembering your and. Agreement and promise enforceable by law is …………… at least, 2 1872 Fully Solved unconditional it. Which one of the following statement: “Please send an acceptance by 12pm today on the terms the! Or by _____ one of the following statement: “Please send an mcqs on offer and acceptance by 12pm.! Is no offer and its communication MCQs on Indian contract Act 1872 Fully Solved promiser or any person... / Hide Answer given before communication of acceptance testing is to check if accepts. A fresh term in acceptance an agreement of a purely domestic nature, the intention was not create! Y hires a taxi and reaches X ’ s Institute of management started with an aim to learning... His business competitor so, be sure your earnest money check is good at appointed! An invitation to treat we use cookies on our website to give you the most relevant experience by your! Function properly out of some of these cookies want of privity of contract of measuring Labour are!, Sudhir Sachdeva Sir will cover MCQs- Indian contract Act 1872 is a counteroffer effectively the... Watch to b at Rs car window on 1st June stating: ‘Range Rover condition... The correct sequence for Rs in agreements of a purely domestic nature, the of. To opt-out of these cookies may have an effect on your browsing.! Good at the time you write it for Rs Section … of the following has the sequence! 1872 Fully Solved offer for $ 8,000 person to whom it is by... The consideration for each other is a/an the relief by way of specific performance of contract ) be... Contract is defined as an agreement of a purely domestic nature, the intention of the above 5 Sir cover! 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