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1) Agreement contingent on impossible events are________________? a. Void b. Voidable c. Both A and B d. None of above
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2) The term “Contingent” means ? a. Possible but not assured b. Doubtful or uncertain c. Both A and B d. None of above
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3) A contract to do or not to do something if some event collateral to such contract does or does not happen is called___________________? a. Simple contract b. Complex contract c. Contingent contract d. None of above
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4) Agreement without consideration is___________________? a. Void b. Voidable c. Valid d. None of above
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5) Where both the parties are under mistake as to matter of fact the agreement is_________________? a. Void b. Voidable c. Valid d. None of above
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6) Mistake of fact________________? a. Makes a contract voidable b. Does not make a contract voidable c. Makes a contract void d. None of above
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7) A’s son has forged B’s name to a promissory note. B under threat of prosecuting A’s son obtain a bond from A for the amount of the forged note. If B sues on this bond ? a. The Court can accept the suit b. The Court may set aside the bonds c. Both A and B d. None of above
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8) Coercion, Fraud and misrepresentation makes contract_________________? a. Void of the option of the party whose consent was caused b. Voidable on the option of the party whose consent so caused c. Valid for both sides d. None of above
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9) The suggestion as a fact of that which is not true by one who does not believe it to be true and the active concealment of a fact by one having knowledge or believe of the fact is called ? a. Cheating b. Fraud c. Misrepresentation d. None of above
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10) Fraud is defined in Section ___________ of the Contract Act? a. 15 b. 16 c. 17 d. None of above
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11) Undue influence make a contract________________? a. Void b. Voidable c. Valid d. None of above
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12) The term “Coercion” means__________________? a. Committing or threatening to commit any act forbidden by the Pakistan Penal Code b. Compulsion c. A unlawful pressure d. All of the above
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13) The Term “Consent” means ? a. Voluntary accordance with or concurrence in what is done or proposed by another b. Free mind c. Free will d. All of the above
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14) A contract made by lunatic is________________ in the eye of Law? a. Void b. Valid c. Absolute d. None of above
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15) All the agreements are contracts if they are made by free consent of the parties competent to contract for a ___________ consideration and object ? a. Any b. Lawful c. Unlawful d. None of above
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16) A proposal may be revoked at any time___________________? a. Before the communication of its acceptance b. Before the rejection of its communication c. Both A and B d. None of above
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17) A proposal may be revoked by ways as are provided in section _______________ of the Contract Act 1872? a. 5 b. 6 c. 7 d. None of above
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18) A proposes by letter to sell a house to B The Communication of the proposal is complete________________? a. When A make such proposal b. When B accepts the proposal c. Both A and B d. None of above
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19) An agreement which is enforceable by law at the option of one or more of the parties there to but not at the option of other or others is _______________? a. A void contract b. A voidable contract c. A valid contract d. All of above
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20) An agreement not enforceable by law is called_________________? a. Void agreement b. Valid agreement c. Voidable agreement d. None of above
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21) “Reciprocal” Contracts means___________________? a. One sided contracts b. Bilateral contracts c. Trilateral contracts d. None of above
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22) Every promise and every set of promises forming the consideration for each other____________? a. A proposal b. An offer c. An agreement d. None of above
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23) The Contract Act of 1872 was enacted on_______________? a. 25th April, 1872 b. 25th May, 1872 c. 25th June, 1872 d. None of above
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24) When the person to whom the proposal is made signifies his assent thereto the proposal is said to be accepted than its called _________________? a. Proposal b. Promise c. Agreement d. None of these
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25) Definitions are provided in section ___________ of The Contract Act? a. 2 b. 3 c. 4 d. None of these
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