1. --------- contracts are also called contracts with executed consideration.
a) Unilateral
b) Completed
c) Bilateral
d) Executory

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2. A asks B a watch repairer, to repair his watch without forming any contractual relationship, still a legal relationship has arisen and it will create ________.
a) Express Contract
b) Implied Contract
c) Tacit Contract
d) Formal Contract

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1. Which of the following is Void Contract?
a) Agreement the meaning of which is certain
b) Agreement with unlawful consideration
c) Agreements with minor
d) Agreement with inadequate consideration, if inadequate consideration, if inadequacy is not supported by free consent

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2. In case of completed gifts, consideration is
a) Not required.
b) Equal to the amount of gift.
c) Less than the amount of gift.
d) More than the amount of gift.

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1. Which of the following can be party to enter into a contract?
a) A convict under sentence
b) Joint stock company
c) Minor
d) All of the above.

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2. Where the pre – assumption of “ Undue Influence” does not exists :
a) Husband & Wife
b) Father & Son
c) Teacher & Student
d) Doctor & Patient

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1. A lets out a theatre to B for a series of drama for certain days. The theatre was completely destroyed by fire before the scheduled dates. In the case :
a) The contract is discharged by impossibility of performance
b) The contract is void ab initio
c) The contract is voidable at the option of B
d) A cannot be discharged of the contract

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2. A enters into a contract with B for dancing at his theatre for three nights for a fee of Rs. 2,00,000. A dances for two nights and is faller ill. What remedy is available to B?
a) B can repudiate the contract
b) B can claim damages from A
c) B is not bound to pay fees
d) B cannot claim damages from A

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1. N chartered M’s ship and agreed to load it with a cargo in Orissa within 50 days. N was unable to supply the cargo but M continued to demand it. Meanwhile war broke out, rendering the performance impossible. In such a case:
a) M cannot sue for damages
b) Contract is discharged
c) Neither (a) nor (b)
d) Both (a) and (b)

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2. In case of anticipatory breach of contract, the aggrieved party may treat the contract:
a) As discharged and bring an immediate action, for damages.
b) As operative and wait till the time of performance arrives.
c) Exercise either of the options listed in (a) and (b) as above.
d) None of the above.

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1. To claim reimbursement of money paid on behalf of another person, which of the following is not required?
a) Payment must be made to a third party to whom the another party was liable
b) Payment must be voluntary
c) There should be some legal or other coercive process compelling the payment
d) Original liability should be of another person

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2. The basis of ‘quasi contractual’ relations is the :
a) Existence of a valid contract between the parties
b) Prevention of unjust enrichment at the expense of others
c) Existence of a voidable contract between the parties
d) Provisions contained in section 10 of the Indian contract Act

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1. Under the Sale of Goods Act, 1930 which of these are not considered as goods?
a) Immovable property
b) Money
c) Growing crops
d) Stocks and shares

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2. The object of Sale is:
a) To pass the possession of the goods.
b) To pass the property of the goods.
c) Both (a) and (b)
d) None of the above

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1. A lady buys synthetic pearls for a high price thinking that they are natural pearls. The seller does not correct her mistake. Has she any remedies against the seller?
a) The lady has no remedy against the seller as the doctrine of ‘Caveat Emptor’ applies
b) She can avoid the contract as there is breach of condition as to quality
c) The contract is voidable on the ground of fraud
d) None

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2. A _________is a stipulation collateral to the main purpose of the contract.
a) Warranty
b) Condition
c) Both
d) None

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1. A sold a bicycle costing Rs. 1,000 to B. B paid Rs. 500 and after some time A insisted B to take delivery. In the meantime bicycle is lost. Who bears the risk?
a) A
b) B
c) Both
d) None

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2. When there is a sale for unascertained goods under the Sale of Goods Act, 1930 .
The property in the goods does not pass to the buyer until the goods are _____.
a) Appropriated
b) Ascertained
c) Identified
d) Set apart

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1. Unpaid seller can have right of :
a) Right of lien
b) Right of stoppage in transit
c) Both
d) None

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2. Where property in goods has not passed to the buyer and the Unpaid Seller exercises his right of withholding delivery of goods, such unpaid seller
a) Should supply goods to buyer in full
b) Can exercise his other remedies also
c) Does not have any other remedy under the Act
d) Should supply defective goods to the buyer

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1. True test of partnership is:
a) Share of profits only
b) Share of profits & losses
c) Mutual agency
d) None of these

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2. A minor should give public notice within _______ months of attaining majority, to elect whether to become a partner or not to become a partner.
a) Five
b) Six
c) Twelve
d) None of these

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1. Ravi, a partner of a firm, borrows money on his own credit by giving his own promissory note for the same, but he subsequently uses the proceeds of the note in the partnership concern of his own free will without any reference to the lender to do so. Which of the following is/are true?
a) The firm would be liable, provided the lender did not know the limitation on the authority of Ravi
b) The firm is not liable for the loan
c) Both (a) and (b) are true
d) None of the above

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2. A third party deals with the firm without knowledge that ‘A’ (a sleeping partner) has retired from the firm. In such a case, ‘A’ :
a) Is not liable to the third parties
b) Is liable to the third parties
c) Is liable to firm
d) Is liable to continuing partners

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1. On which ground, court may dissolve a firm at the suit of a partner:
a) Where a partner wilfully commits a breach of agreement on regular basis
b) Where a firm is constituted for a fixed term, on its expiry
c) Where a partner dies
d) Where a minor is admitted into partnership

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2. In a suit, a non-registered firm cannot claim set-off above__________.
a) .100
b) .5,000
c) .50,000
d) None

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