DURGA PROFESSIONAL LEARNING

INSTITUTE
LAW
MOCK TEST
TIME 1 HR 15 MIN
MARKS 50

1. Promises which form the consideration or part of the consideration for each other are
called
reciprocal promises
cross offers
conditional offer
conditional promises.

2. An agreement not enforceable by law is stated to be void under

section 2(d
section 2(e)
section 2(f)
section 2(g).

3. A contract which ceases to be enforceable by law becomes void

when it ceases to be enforceable
before it ceases to be enforceable
no such condition necessary
none of above.

4. Section 15 of the Indian Partnership Act is a statement of a

(a) right of the partners
(b) duty of the partners
(c) privilege of the partners
(d) Liability of the partners.

5. The Contract Act came into force

(a) from 1 September 1972.
(b) before 1 September 1882.
(c) from 1 September 1872.
(d) after 1 September 1872

6. Section 13 of the Indian Partnership Act, 1932 is

a mixed statement of rights and duties of the partners
a mixed statement of duties and liabilities of the partners
a mixed statement of rights and liabilities of the partners
a mixed statement of rights, duties and liabilities of the partners.

7. The rate of interest prescribed under section 13, where a partner, advances money
beyond the amount of capital, for the business of the partnership, is
six percent
nine percent
twelve percent
fifteen percent.

8. Every promise and every set of promise forming the consideration

for each other is a/an
(a) contract.
(b) agreement.
(c) offer.
(d) acceptance.

9. A promises to deliver his watch to B and, in return, B promises to

pay a sum of 2000. This is a/an
(a) agreement.
(b) proposal.
(c) acceptance.
(d) offer.

10. Contract is defined as an agreement enforceable by law, vide

Section of the Indian Contract Act.
2(e)
2(f)
2(h)
2(i)

The minimum number of persons required for a partnership is

two

five

ten

twenty.

59. The maximum number of partners in a partnership, has been provided under

the Indian Partnership Act, 1932

the Indian Companies Act, 1956

the Indian Contract Act, 1872

the Indian Trusts Act, 1882.

The principles governing partners' mutual relations have been laid down in

Chapter II of the Indian Partnership Act

Chapter III of the Indian Partnership Act

Chapter IV of the Indian Partnership Act

Chapter V of the Indian Partnership Act.

44. General duties of partners have been laid down in

section 9 of the Act

section 10 of the Act

section 11 of the Act

section 13 of the Act.

An offer and its acceptance is the basic requirement of an agreement and as per this requirement an offer by one party
should be made to the other who is related to him.
may also be made to himself.
should be made to another who may or may not be related to him.
should be made to another before the Registrar.
According to enforceability, the contracts may be classified as
valid contracts.
void contracts.
voidable contracts.
all of the above.

Contracts classified on the basis of performance are

executed contracts.
executory contracts.
partly executed or partly executory contracts.
all of the above.
Express contract means a contract made by
words either spoken or written.
documents.

both words and documents.

all of the above.