Business Law 111. Consent given to a contract under some misrepresentation by the other party makes the contract
void invalid unenforceable voidable View answer Correct answer: (D)
112. A promise to compensate ,wholly or in part , a person who has already voluntarily done something for the promisor is
enforceable not enforceable because it is without consideration, void voidable. View answer Correct answer: (A)
113. Consideration in a contract
may be past ,present or future, may be present or future only. must be present only. must be future only. View answer Correct answer: (A)
114. An agreement with or by minor is
void voidable at the option of the minor voidable at the option of the other party valid. View answer Correct answer: (A)
115. An agreement not enforceable by law is said to be
void, voidable, valid, unenforceable, illegal. View answer Correct answer: (A)
116. Flaw in capacity to contract may arise from
lack of free consent lack of consideration minority absence of legal formalities. View answer Correct answer: (C)
117. An acceptance is not according to the mode prescribed but the offerer decides to keep quiet. In such a case there is
a contract, no contract, a voidable contract, an unenforceable contract. View answer Correct answer: (A)
118. A makes an offer to B on 10th by a letter which reaches B on 12th B posts letter of acceptance on 14th which reaches A on 16th . The communication of acceptance is complete as against A on
12th 14th 16th View answer Correct answer: (C) 16th