Law of Contract

Assignment on MCQs

By:
Asghar Ali Arain 15-MBA(i)-09

Under the supervision of

SIR Mehran Tunio

Date of Submission
02-05-2017

SHAHEED BENAZIR BHUTTO UNIVERSITY

SHAHEED BENAZIRABAD
1. Which one of the following element is not necessary for a contract?
a) Competent parties
b) Reasonable terms and conditions.
c) Free consent
d) Lawful concentration

2. The Contract Act came into force

a) From 1 September 1972
b) Before 1 September 1882
c) From 1 September 1872
d) After 1 September 1872
3. An agreement consists of reciprocal promises between at least
a) Four Parties
b) Six Parties
c) Three Parties
d) Two Parties

4. How many khiyars in a sale contract______?

a) One
b) Three
c) Five
d) Eight

5. Contractual rights and duties are created by

a) State
b) Statute
c) Parties
d) Custom or Usage

6. Every promise and every set of promises forming the consideration for each other is a/an
a) Contract
b) Agreement
c) Offer
d) Acceptance

7. A promise to deliver his watch to B and, in return, B promises to pay a sum of 2000. This is
a/an
a) Agreement
b) Proposal
c) Acceptance
d) Offer

8. . is forbidden by law
a) Valid Contract
b) Illegal Agreement
c) Voidable Contract
d) Unenforceable Contract
9. Reciprocal contracts mean
a) One sided contract
b) Bilateral contract
c) Trilateral contract
d) None of Above

10. A proposal may be revoked by ways as are provided in section ______ of the contract Act
1872.
a) 5
b) 6
c) 7
d) 9

11. Agreement without consideration is______?

a) Void
b) Voidable
c) Valid
d) Acceptance

12. If A sells a car with a condition that he will use it on a fixed date every month, this contract
will be________?
a) Voidable
b) Valid
c) Acceptance
d) Sale

13. How many types of contract______?

a) 4
b) 6
c) 2
d) 8

14. The closest things to a general law of contract is the law of______.
a) Agreement
b) Contract
c) Sale
d) Lease

15. The form through which the contract can be executed

a) Spoken words
b) Written words
c) Both A and B
d) None of these
16. Sale of money for money is called:
a) Bai
b) Wadi
c) Urban
d) None of these

17. In letter of credit, which of the following is payable as soon as it is presented for payment?
a) Demand draft
b) Time draft
c) Sight draft
d) Order draft

18. According to enforceability, the contracts may be classified as

a) Valid Contracts
b) Void Contracts
c) Voidable Contracts
d) All the Above

19. A promised to marry B. Later, B died. This contract of marriage

a) Becomes void
b) Is void from very beginning
c) Is valid
d) Is illegal now

20. Express contract means a contract made by

a) Words either spoken or written.
b) Documents.
c) Both words and documents.
d) All of the above.