HomeQuizzes & SurveysCSEET Mock Test with Answers – Contract Act MCQs 3 CSEET Mock Test with Answers – Contract Act MCQs 3 Welcome to CSEET Mock Test with Answers These Multiple Choice Questions are based on reference material of Legal Aptitude issued by ICSI. To practice more CSEET Mock Test with answers, visit here https://deepgyan.com/cseet-mock-test-cseet-mcq-pdf-multiple-choice-questions/. On Deep Gyan we provide free CSEET Video Classes, Free CSEET Notes and CSEET Mock Tests. Join our Telegram group for free Notes/Videos/MCQs of CSEET: https://t.me/deepgyancseet Please fill your correct details for attempting this quiz. In case of incorrect information, management may block your IP Address. This is to stop spammers. Please co-operate. Name Email Mobile When two persons make identical offers to each other, in ignorance of each other’s offer, it is called Cross offers Implied offers Direct offers Express offers When there is a Cross offer, the original offer terminates. True Partly True False None of the above. An offer is revoked – By the death or insanity of the proposer By Lapse of time By Communication of notice of revocation All of these A Change in law of Circumstance rendering the original offer unlawful or impossible, will lead to termination of the offer. True Partly True False None of the above Acceptance can precede an offer True Partly True False None of the above Acceptance in ignorance of the offer is- Valid Invalid Void Voidable Acceptance should be given within – The time specified by the Offerer A reasonable time Such time as the offer lapses All of the above An acceptance on telephone should be Heard by the Offeror Audible to the offeror Understood by the offeror All of the above. Section – of the Indian Contract Act defines “ Consideration”. Section 2(a) Section 2(b) Section 2(c) Section 2 (d) Consideration must move at the desire of – The promisor The promise The promisor or any third party Both the promisor and the promise Consideration in a contract: May be past, present or future May be present or future only Must be present only Must be future only. Past Consideration is valid in – England Only India Only Neither in England nor in India both in England and India Agreement without consideration is valid, when made Out of love and affection due to near relationship To pay a time barred debt To compensate a person who has already done something voluntarily All of the above A debt barred by limitation cannot be recovered. Hence, a promise to pay such a debt is without any consideration and hence invalid. True Partly True False None of the above Inadequacy of consideration does not render a contract invalid. True Partly True False None of the above If only a part of the consideration or object is unlawful, the Contract is – Valid to the extent the same as lawful Void to the extent the same are unlawful Valid as a whole Void as a whole. The expression “Privity of contract” means- A Contract is Contract between the parties only A Contract is a private document Only private documents can be contracts The contracts may be expressed in some usual and reasonable manner Under the Indian Contract Act, a third person – Who is the beneficiary under the Contract can sue From whom the consideration has proceeded can sue Can not sue even if the consideration has proceeded from him. Can not sue at all for want of privity of contract. In India, a person who is stranger to the Consideration. Can sue based on the Contract Can not sue based on the Contract Can sue depending on the Conditions Can sue if permitted by the court. The Beneficiary of a Trust or other interest in specific immovable property, can enforce it even if he is not a party named in the Trust Deed. True Partly True False None of the above. Capacity to contract has been defined in – Section 10 Section 11 Section 12 Section 25 Time is Up!