Indian Contract Act - Study Mode

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[#191] Arrange the following concepts in sequence in which they occur, using the given below: (1) Offer is communicated (2) Counter-offer is made (3) Offer is rejected (4) Counter-offer is accepted

(A) (1), (2), (3), (4)

(B) (1), (3), (2), (4)

(C) (1), (4), (2), (3)

(D) (2), (1), (3), (4)

Correct Answer

(B) (1), (3), (2), (4)

[#192] Match List I with List II List I Lis II a. Carlill v. Carbolic Smoke Ball Co. 1. Offers at large b. Fisher v. Bell Tinn 2. Invitation to treat c. Tinn v. Hoffman 3. Question of price d. Harvey v. Facey 4. Cross offers

(A) a-1, b-2, c-4, d-3

(B) a-1, b-2, c-3, d-4

(C) a-2, b-1, c-4, d-3

(D) a-4, b-3, c-2, d-1

Correct Answer

(A) a-1, b-2, c-4, d-3

[#193] Which one of the following elements is not necessary for a contract?

(A) Competent parties

(B) Reasonable terms and conditions

(C) Free consent

(D) Lawful consideration

Correct Answer

(B) Reasonable terms and conditions

[#194] In determining the amount of any compensation awarded under section 21 of the Specific Relief Act, the court shall be guided by the principles specified in section . . . . . . . . of the Indian Contract Act, 1872

(A) 70

(B) 73

(C) 72

(D) 71

Correct Answer

(B) 73

[#195] What is the terminology used to describe a situation when two parties make identical offers to each other in ignorance of each other's offer?

(A) Offer

(B) Cross offer

(C) Counter offer

(D) Conditional offer

Correct Answer

(B) Cross offer