Question 1
Under Section 10 of the Indian Contract Act, 1872, which one of the following is NOT an essential element required to make an agreement a valid contract?
Correct Answer:
The agreement must be in writing and registered in every case
Question 2
An offer that is communicated through an advertisement promising a reward to anyone who performs a specified act is best classified under the Indian Contract Act, 1872 as a:
Correct Answer:
General offer
Question 3
Under Section 7 of the Indian Contract Act, 1872, to convert a proposal into a promise the acceptance must be:
Correct Answer:
Absolute and unqualified
Question 4
A contract entered into by a minor under the Indian Contract Act, 1872, as settled in Mohori Bibee v. Dharmodas Ghose, is:
Correct Answer:
Void ab initio
Question 5
Consideration that consists of an act or promise relating to the past, given before the promise was made, is treated under the Indian Contract Act, 1872 as:
Correct Answer:
Past consideration, which is valid in India
Question 1
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Prepare with the CMA Inter Paper 5 Business Laws and Ethics Practice Questions - CMA Intermediate Paper 5 Business Laws and Ethics Exam practice quiz. This question bank includes 100 questions covering contract, indian, company, companies, and goods. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CMA Inter Paper 5 Business Laws and Ethics Practice Questions - CMA Intermediate Paper 5 Business Laws and Ethics Exam

This practice set contains 100 questions from the matching question bank and focuses on contract, indian, company, companies, and goods. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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