Question Paper CA-CPT Mercantile low
1. what comes first in a valid contract is “enforceability”.
a. true
b. partly true
c. false
d. none of the above.
Ans. (a)
2. which one of the following is an essential element of a valid contract?
a. consideration
b. free consent
c. compelent parties
d. all the above.
Ans. (d)
3. A contract which ceses to be enforceable by law becomes void –
a. before it ceases to be enforceable
b. no such condition is necessary
c. when it ceases to be enforceable
d. when it becomes vhoid.
Ans. (c)
4. an agreement not enforceable by law is said to be void under section ...... of the indian contract act.
a. 2(a)
b. 2(b)
c. 2(f)
d. 2(g)
Ans. (d)
5. a contract which is valid initially however, cesses to be enforceable subsequently
a. becomes void when it ceases to be enforceabloe
b. remains valid
c. becomes voidable when it ceases to enforceable
d. becomes void since inception.
Ans. (a)
6. contract, which ceasesto be enforceable by law becomes a / an –
a. unenforceable chontract
b. void agrement
c. void contract
d. voidable contract.
Ans. (c)
7. an agreement to commit a crime or a tort is –
a. void
b. voidable
c. valid
d. unenforceble.
Ans (a)
8. agreements to do an unlawful, immoral or illegal act, like smuggling or murdering a person –
a. cannot be enforceable by law
b. are valid in law
c. are invalid for want of consideration
d. have no consensus ad idem.
Ans. (a)
9. agreements that do not give rise to contractual obligations are not contracts.
a. true
b. partly true
c. false
d. none of the above.
Ans. (a)
10. agreements which do not create legal obligations can also be considered as contracts.
a. true
b. partly true
c. false
d. none of the above.
Ans. (c)
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