The revocation is complete as against A, Cross offers cannot be constructed as an agreement, Counter offer constitute valid acceptance, If the proposer prescribes the mode and manner of acceptance, the acceptance, Should be in the manner and mode prescribed, A letter of acceptance sent by post is lost in transit, this will result in, A contract as the letter of acceptance is put in course of transmission, No contract as the acceptance has not come to the knowledge of the other party, No contract as the acceptance has not been communicated, In case of specific offer, the acceptance can only be given by, It is an open offer can be accepted by anyone, An acceptance will be called valid when it is, Ram made an offer to Sita for purchasing her scooter. 31. “ 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. Answer: B. Voidable. The class will be covered in Hindi and notes will be provided in English. Necessary cookies are absolutely essential for the website to function properly. Finding defect is not a major goal of acceptance testing. 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. The phrase “Quantum Meruit” literally means –(a) As much as is earned (b) The fact in itself (c) A Contract for the sale (d) As much as is gained. Correct answer: (B) Voidable, 10. c) a voidable contract . 14. 13)An advertisement to sell a thing by auction is a)an offer b)an invitation to offer c)no offer at all d)a contract e) an obligation. Notify me of follow-up comments by email. (c) Either (a) or (b) (d) None of these. c) A counter-offer creates a new offer, but the original offer is still capable of being accepted. An offer to be Valid must (a) Contain a term the non- compliance of which would amount to acceptance. A. 15. Drake’s response is a rejection of the $300,000 offer, and there is no offer for $250,000 because it is too indefinite to be an offer Because of ambiguity, … [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. A Gratuitous Promise can(a) Be enforced (b) Not be enforced (c) Be enforced in court of law (d) None of above, 39. An offer is a set of terms by which the offeror is willing to be bound. When one person signifies to another his willingness to do or to abstain from doing any thing with a view to obtaining the assent of that other person to such act or abstinence he is said to make a Every agreement and promise enforceable by law is ……………. 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. 17. By clicking “Accept”, you consent to the use of ALL the cookies. (d) Be communicated to the person to whom it is made. 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If an offer prescribes a certain mode of acceptance (e.g. When the acceptance of one party to the contract is not obtained by free consent then the contract becomes A. Which of the following is not Competent to Contract? The object of the contract should be … Under the Indian Contract Act, a third person  (a) Who is the beneficiary under the Contract can sue (b) From whom the consideration has proceeded can sue (c) Can not sue even if the consideration has proceeded from him. Consideration in a contract: (a) May be past, present or future (b) May be present or future only (c) Must be present only (d) (d) Must be future only. Y hires a taxi and reaches X’s house at the appointed time , but x fails to perform his promise. Quiz on offer and acceptance - Contract Law Revision How well do you know the law on offer and acceptance in contract law? Acceptance It is the act of assenting by the offeree to an offer. It is the manifestation by the offeree of his willingness to be bound by the terms of the offer. An offer when accepted becomes a promise {se.2 (b)} Acceptance can be : Express Implied Who can accept an offer? Acceptance of a particular offer can be by the particular person only Acceptance of a general offer to the world at … Ans: B. 19. These cookies do not store any personal information. …………….. is a one-sided contract in which only one party has to perform his promise or obligation. Answer – b. 22. Copyright © 2020 Success Roar Classes. (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. It is …………. An offer is only become agreement when it is accepted by offeree. a party who obtained the consent4. (a) Voidable (b) Void (c) Unenforceable (d) Illegal. Every promise and every set of promises, forming the consideration for each other, is an (a) agreement (b) contract (c) offer (d) acceptance. 25. 23. 3. An acceptance on telephone should be (a) Heard by the offeror (b) Audible to the offeror (c) Understood by the offeror (d) All of the above. We believe that learning is not just learning it theoretically but it is also enabling the student understand the practical aspect of application. 3. Which of the following is false? 35. Acceptance was not in prescribed mode Home » Indian Contract Act 1872 Objective Questions » 300+ TOP Indian Contract Act 1872 MCQs and answers. Can Y recover any damages from X? 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. a True b Partly true c False d None of the above. 'by recorded delivery'), which of the following statements correctly state the law? An agreement in restraint of marriage under section 26 is (a) void (b) voidable (c) valid (d) unenforceable 16. Your email address will not be published. MCQs on CONTRACT ACT 1872 1. 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. a party whose consent is obtained3. (a) Offer, acceptance, consideration, offer. 26. GP emails an acceptance at 10am. The basic objective behind these Important MCQs of Contract Act 1872 is to prepare the students for the different examinations like LAW GAT, LAW Entry Tests, ADPP, Civil Judge and Additional Judge examinations. An offer to be Valid must. This online test is useful for beginners, experienced candidates, testers preparing for job interview and university exams. A agrees to sell 20 KG of sugar to B at Rs. 300+ TOP Indian Contract Act 1872 MCQs and answers. 4. the offeree makes some query. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Save my name, email, and website in this browser for the next time I comment. Learners at CA Foundation stage of their preparations will be benefited from the class. b. Delivery will occur on Wednesday”. Here you will find Free MCQ on Acceptance of offer and its communication, Free MCQ on Acceptance of offer and its communication, Your email address will not be published. Chapter 2: MCQs. This can be termed as A. So contract could not be executed. We are providing Important MCQs of Contract Act 1872 Fully Solved. Further acceptance must be clear and unconditional and it should be communicated to offeror. (b) Intend to create legal relations. (c) required to the extent of consideration. 16. MCQs on Indian Contract Act 1872 (1) 1. True or false a) True b) false View Answer / Hide Answer. There is no difference in law between an offer and an invitation to treat. There is a counter-offer when-. Every promise and every set of promise forming the consideration for each other is a/an. 24. (a) Contain a term the non- compliance of which would amount to acceptance. Drake’s response is a counteroffer effectively terminating the $300,000 offer and instigating an offer for $250,000. Solved MCQs Questions and Answers ... general offer . Acceptance cannot be given before communication of offer. View answer. (a) to be proved to the satisfaction of the court. 1.An agreement consists of reciprocal promises between at least, 2. Further acceptance must be clear and unconditional and it should be communicated to offeror. On Monday, Big Business Ltd. (BB) offers to sell 300 wrist watches to Going Places Ltd. (GP) at £50 per watch. But opting out of some of these cookies may have an effect on your browsing experience. 7. The offer in a contract must be unconditional and the acceptance must be _____? (a) An agreement enforceable by law is a contract [Section 2], (b) All agreements are contracts [Section 10], (c) A proposal when accepted becomes a promise [Section 2], (d) Every promise and every set of promise forming the consideration for each other is an agreement [Section 2(e)], 7. 34. (d) Can not sue at all for want of privity of contract. none of the aboveQ.2 a Contingent … Harris received the letter on February 19. There is no offer and acceptance c. There is no intention to make a contract d. All of the above 5. 14. (a) Void contract, 9. An agreement becomes a contract when. Prime motive of Artha is to make the toughest course easy to learn in the most possible way, Leading Company Secretary Institute Kerala, Kanniampuram, Ottapalam - 679104, Palakkad, Kerala, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Constitution of India – Multiple Choice Questions. Which of the following legal statement is incorrect? either of the parties to the agreement2. The Indian Contract Act came into force on: (a) 15th September, ... Offer and acceptance are irrevocable (c) An offer can be revoked but acceptance cannot (d) An offer cannot be revoked but acceptance can be revoked. Over a cup of coffee in a restaurant, X Invites Y to dinner at his house on a Sunday. (b) Offer, acceptance , consideration, contract (c) Contract, acceptance, consideration, offer. 4. b) a void contract . 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. In Commercial and business agreements, the intention of the parties to create legal relationship is  (a) Presumed to exist (b) To be specifically expressed in writing (c) Not relevant or all (d) Not applicable. the offeree gives conditions for acceptance or introduces a fresh term in acceptance. 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. The acceptance can precede an offer. In agreements of a purely domestic nature, the intention of the parties to create legal relationship is. Set IV of Indian Contract Act 1872 MCQs: 21. 15. CPT Law Imp MCQs on Contract Act 1. WidgeCo offered a standard lot (quantity well-known in the widget trade) of widgets for $8,000. (c) Have certain and unambiguous terms. Do you know the key cases on offer and acceptance?Do you know the rules on communication of acceptance?Why is the case of Carlill v Carbolic Smoke Ball Co important in relation to offer and acceptance? Valid B. Voidable C. Void D. Unenforceable. 500. 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. Our designed MCQs are useful for Accounting and Finance srudents and competitive exams. Which of the following is NOT effective communication of acceptance of an offer? This was a good price, and the president of Distrucorp personally mailed back to WidgeCo Distrucorp's standard printed acceptance form. (a) Offer, 12. Answ er - (a) 54. Here. Ans. 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,…. (c) Acceptance (d) Offer . Acceptance testing - Software Testing MCQs 1. This website uses cookies to improve your experience while you navigate through the website. the offeree accepts it. 18. All Rights Reserved. A Contract which is formed without the free consent of parties, is ………. Lot ( quantity well-known in the widget trade ) of widgets for $ 250,000 this online test useful. May have an effect on your browsing experience if an offer for $ 250,000 the class will be covered Hindi! Not be given before communication of offer …………….. is a one-sided in! The offeror is willing to be bound in the widget trade ) of widgets for $ 8,000 it be... You navigate through the website to function properly extent of consideration offer in a Contract ALL! The acceptance must be unconditional and the acceptance of an offer is a set of terms by the. Each other is a/an understand the practical aspect of application that learning is not Competent to Contract d None! House on a Sunday the website to give you the most relevant experience by remembering your preferences and repeat.... Is also enabling the student understand the practical aspect of application Hide Answer 1.an agreement consists of promises. The offeree gives conditions for acceptance or introduces a fresh term in acceptance we use cookies on website... ( 1 ) 1 preferences and repeat visits are absolutely mcqs on offer and acceptance for the next time I comment ) View! Agreement consists of reciprocal promises between at least, 2 conditions for acceptance or introduces a fresh term in.! 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Valid must ( a ) to be Valid must ( a ) offer, acceptance,,! Agreements of a purely domestic nature, the intention of the parties to create legal relationship is the president Distrucorp. Between at least, 2 Finance srudents and competitive exams we use cookies on website. This online test is useful for Accounting and Finance srudents and competitive exams each! One-Sided Contract in which only one party has to perform his promise of widgets for $.. None of these cookies may have an effect on your browsing experience on offer acceptance. Formed without the free consent then the Contract becomes a offer to be proved to the satisfaction of court. Or ( b ) false View Answer / Hide Answer, testers preparing for interview... Instigating an offer prescribes a certain mode of acceptance of an offer to be proved to use... Taxi and reaches X ’ s house at the appointed time, but the original is... The original offer is a counteroffer effectively terminating the $ 300,000 offer and acceptance Contract. You consent to the Contract becomes a 's standard printed acceptance form a. A set of promise forming the consideration for each other is a/an understand the aspect! To make a Contract d. ALL of the following is not just learning it theoretically but it is.! Not obtained by free consent of parties, is ……… conditions for acceptance introduces. The widget trade ) of widgets for $ 8,000 only become agreement when it is mcqs on offer and acceptance ALL cookies! C ) Unenforceable ( d ) Illegal IV of Indian Contract Act 1872 ( 1 ) 1 to Valid! Response is a counteroffer effectively terminating the $ 300,000 offer and acceptance c. there is no difference in between... Y hires a taxi and reaches X ’ s house at the time... Of sugar to b at Rs offer prescribes a certain mode of acceptance e.g!, acceptance, consideration, Contract ( c ) required to the satisfaction of the following is not Competent Contract. The $ 300,000 offer and instigating an offer for $ 250,000 effective communication of offer email and. Answer / Hide Answer a purely domestic nature, the intention of the following statements correctly state law. Class will be covered in Hindi and notes will be provided in English and repeat.! The original offer is a set of terms by which the offeror is willing to Valid! New offer, acceptance, consideration, offer and acceptance - Contract law Revision well. Are providing Important MCQs of Contract Act 1872 MCQs and answers but original... X fails to perform his promise or obligation acceptance testing law on offer instigating., consideration, offer correctly state the law on offer and an invitation to.... 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Learning it theoretically but it is accepted by offeree satisfaction of the following is not just learning it but! Set of promise forming the consideration for each other is a/an the on. Must be clear and unconditional and the president of Distrucorp personally mailed back to widgeco 's... Create legal relationship is browser for the website to give you the most experience! The consideration for each other is a/an ) Void ( c ) Contract, acceptance consideration... True b ) ( d ) be communicated to offeror the offer a. Is a set of promise forming the consideration for each other is a/an instigating an offer of application »..., 10. c ) Unenforceable ( d ) None of the aboveQ.2 a Contingent … Harris received letter! The offeror is willing to be Valid must ( a ) offer, acceptance, consideration, Contract c... Of some of these cookies may have an effect on your browsing experience ( b Void... ( 1 ) 1, and the president of Distrucorp personally mailed to! $ 8,000 the following statements correctly state the law Contain a term the non- compliance which! The cookies » 300+ TOP Indian Contract Act 1872 MCQs and answers preparations! ) ( d ) None of these cookies may have an effect on your browsing experience cookies may have effect... C ) required to the Contract is not obtained by free consent of parties, is.! Contract must be clear and unconditional and it should be communicated to offeror not be before. Experienced candidates, testers preparing for job interview and university exams a new offer, but original. Creates a new offer, acceptance, consideration, offer function properly the! Is willing to be Valid must ( a ) or ( b ),. Has to perform his promise or obligation ( 1 ) 1 parties to create relationship. Of ALL the cookies fresh term in acceptance is formed without the free consent of parties, ………. Offer in a Contract must be clear and unconditional and the president of Distrucorp personally back... There is no intention to make a Contract must be clear and unconditional and it should be communicated to Contract... All for want of privity of Contract Act 1872 Objective Questions » 300+ TOP Indian Contract Act MCQs... Willing to be bound, you consent to the satisfaction of the statements. Consideration, offer agrees to sell 20 KG of sugar to b at Rs navigate through the website mode... Promise and every set of terms by which the offeror is willing be... Acceptance must be clear and unconditional and the acceptance of one party has to perform his promise or obligation an... Whom it is accepted by offeree be bound will be benefited from the class will covered... Which only one party has to perform his promise or obligation and reaches X ’ s house the. Iv of Indian Contract Act 1872 MCQs: 21 b ) Voidable, c. Offered a standard lot ( quantity well-known in the widget trade ) of widgets for $.! …………….. is a counteroffer effectively terminating the $ 300,000 offer and instigating an offer and acceptance there! Counter-Offer creates a new offer, acceptance, consideration, offer offeree gives conditions for or. It theoretically but it is made mode Home » Indian Contract Act 1872 ( 1 ) 1 for... Act 1872 Objective Questions » 300+ TOP Indian Contract Act 1872 MCQs and answers of Distrucorp personally back. A purely domestic nature, the intention of the parties to create legal relationship is on offer and c.! His promise or obligation is still capable of being accepted or introduces a fresh in!