A. Fixation of reserve price in an invitation for submission of tenders
B. A Development Authority’s announcement for making an allotment of plots on first come first served basis on payment of full consideration
2. Which is correct
A. proposal + acceptance = promise
B. promise + consideration = agreement
C. agreement + enforceability = contract
D. all the above
3. Proposal may be
A.Implied or express
B. Specific
C. Generic
D. Any of the above
4. An offer made without any words spoken or written is
A. Counter offer
B. Implied offer
5. Goods displayed in a shop with a price tag is an
A. offer
B. invitation to offer
6. Find out the incorrect statement
A. Every contract is an agreement, but every agreement is not a contract
B. The test of contractual intention is objective, not subjective
C. Acceptance is complete only when communicated to the offeror
D. The party inviting tenders is bound to accept the lowest tender
7. Which among the following is enforceable
A. If A saves B from drowning and B later promises A a reward
B. A finds B’s purse and gives it to him. B promises to give A Rs.50
C. A supports B’s infant son. B promises to pay A’s expenses in so doing
D. All of the above
8. A contract with or by a minor is a
A. valid contract
B. void contract
9. Find out the unenforceable contract among the following
A. A housing society agreed to sell land before it became a legal person by registration
B. A supplies B, a lunatic, with necessaries suitable to his life and wants to be reimbursed from B’s property
10. Misrepresentation under section 18 of the Indian Contract Act means
A. a positive assertion, in a manner not warranted by the information of the person making it, not true but he believes it to be true
B. any breach of duty, which gains an advantage to the person committing it, by misleading another to his prejudice
causing a party to make an agreement to make a mistake as to the subject matter of contract
C. all the above
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