A. Must be communicated
B. Must be absolute and unconditional
C. Must accepted by a person having authority to accept
D. May be presumed from silence of offeree
✅ The correct answer is option D.
In case of illegal agreements the collateral agreements are
A. Valid Contract
B. Void Contract
C. Voidable Contract
D. None of these
✅ The correct answer is option B.
An offer may lapse by
A. Revocation
B. Counter Offer
C. Rejection of offer by offeree
D. All of these
✅ The correct answer is option D.
A proposal when accepted becomes a:
A. Promise
B. Contract
C. Offer
D. Acceptance
✅ The correct answer is option A.
143. Which is the following is false? Consideration:
A. Must move at the desire of the promisor
B. May move from any person
C. Must be illusory
D. Must be some value
✅ The correct answer is option C.
142. Consideration must move at the desire of:
A. Promisor
B. Promisee
C. Any other person
D. Any of these
✅ The correct answer is option A.
140. Consideration may be
A. Past
B. Present
C. Future
D. All of the above
✅ The correct answer is option D.
139. Consideration in sample term means
A. Anything in return
B. Something in return
C. Everything in return
D. Nothing in return
✅ The correct answer is option B.
138. Which of the following is not an exception to the rule – No consideration, No contract.
A. Compensation for involuntary services
B. Love & Affection
C. Contract of agencies
D. Gift
✅ The correct answer is option A.
137. Ordinarily, a minor’s agreement is
A. Void ab initio
B. Voidable
C. Valid
D. Unlawful
✅ The correct answer is option A.