A. Only the acceptor becomes bound by accepting the offer
B. Only the offeror becomes bound as his terms are accepted
C. Both the acceptor and offeree becomes bound by the contract
D. None of these
✅ The correct answer is option C.
112. A, by a letter dated 25th December 1998, offers to sell his house to B for Rs.10 lakhs. The letter reaches on 27th Dec.1998, who posts his acceptance on 28th Dec. 1998 which reaches A on 30th Dec.1998. Here the communication of offer is completed on;
A. 25th Dec.1998
B. 27th Dec.1998
C. 28th Dec.1998
D. 30th Dec.1998
✅ The correct answer is option B.
111. In the above question, the communication of acceptance is complete against A on 28th Dec.1998 and against B on;
A. 25th Dec.1998
B. 27th Dec.1998
C. 28th Dec.1998
D. 30th Dec.1998
✅ The correct answer is option D.
110. As a general rule, an agreement made without consideration is;
A. Void
B. Voidable
C. Valid
D. Unlawful
✅ The correct answer is option A.
109. A agrees to sell his car worth Rs. I00000 lakh to B for rs.20000 and A’s consent was obtained by coercion. Here, the agreement is;
A. Void
B. Valid
C. Voidable
D. Unlawful
✅ The correct answer is option C.
108. An agreement made with free consent to which the consideration is lawful but inadequate is;
A. Void
B. Valid
C. Voidable
D. Unlawful
✅ The correct answer is option B.
107. Which of the following persons are not competent to contract?
A. Minors
B. Persons of unsound mind
C. Persons disqualified by law
D. All of these
✅ The correct answer is option D.
106. For entering into a contract, a minor is a person who has not completed the age of;
A. 16 years
B. 18 years
C. 20 years
D. 21 years
✅ The correct answer is option B.
105. A contract with the minor, which is beneficial for him, is;
A. Void ab initio
B. Voidable
C. Valid
D. Illegal
✅ The correct answer is option C.
104. Which of the following persons do not fall under the category of persons of unsound mind?
A. Idiot
B. Lunatics
C. Drunken
D. Alien
✅ The correct answer is option D.