CAF-4 Chapter- 3 VALIDITY OF CONTRACTS AND AGREEMENTS

CAF3 | Ch3 | Validity of contracts and agreements

CAF-4 Chapter-3 Validity of contracts and agreements

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Question 1 of 24

1. Question
1 points

Category: CAF4
Voidable contract is voidable at the option of
- Both parties of the contract
- One party of the contract
- None of the parties of the contract
- Aggrieved party of a contract
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Question 2 of 24

2. Question
1 points

Category: CAF4
Which of the following statement is true
- Void agreement and void contract are one and the same
- The void agreement creates legal rights and obligations between parties
- Void contracts remain valid until they cease to be enforceable
- Any transaction based on a void contract will also be void
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Question 3 of 24

3. Question
1 points

Category: CAF4
Void agreement can be enforced
- By one of the parties
- By aggrieved party
- By none of the parties
- By the party entitled to do so
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Question 4 of 24

4. Question
1 points

Category: CAF4
An agreement to be enforced in the court must have
- Legal enforceability
- Mutual and free consent between the parties
- Lawful consideration
- All of the above
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Question 5 of 24

5. Question
1 points

Category: CAF4
An agreement is a voidable contract when it is
- Enforceable if certain conditions are fulfilled
- Enforceable by law at the option of the aggrieved party
- Enforceable by both parties
- Not enforceable at all
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Question 6 of 24

6. Question
1 points

Category: CAF4
A Contract
- Maybe void as originally entered into
- May become void subsequent to its formation
- Cannot become void subsequent to its formation under any circumstances
- May become void at the will of a party to the contract
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Question 7 of 24

7. Question
1 points

Category: CAF4
An agreement by an idiot is:
- Voidable
- Enforceable
- Invalid
- Void ab-initio
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Question 8 of 24

8. Question
1 points

Category: CAF4
An agreement made with a minor is:
- Void
- Void ab-initio
- Voidable
- Unenforceable
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Question 9 of 24

9. Question
1 points

Category: CAF4
A person is said to be of sound mind if
- He is mentally fit for making decisions
- He is capable of understanding contract and forming a rational judgement about it
- He has been declared as of a sound mind by the Doctor
- He can make contracts and can obtain benefit
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Question 10 of 24

10. Question
1 points

Category: CAF4
Contractual capacity of the person is affected by
- His age
- His soundness of mind
- By law to which he is subject
- By all the above factors
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Question 11 of 24

11. Question
1 points

Category: CAF4
A person is usually of unsound mind, but occasionally of sound mind
- He may enter into a contract when he is of sound mind
- He may not make a contract even when he is of sound mind
- He cannot enter into a contract at all
- None of the above
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Question 12 of 24

12. Question
1 points

Category: CAF4
Any lawful act will constitute consideration if it is done
- At the desire of promisee
- Voluntarily
- At the desire of the promisor
- At the desire of the third party
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Question 13 of 24

13. Question
1 points

Category: CAF4
Consideration in order to be legally valid
- Must be adequate
- Need not be adequate
- Must be equal in terms of value
- Must be in-equal to promise
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Question 14 of 24

14. Question
1 points

Category: CAF4
Agreements made on account of natural love and affection without consideration will be valid if it fulfils the following conditions
- Expressed in writing
- Registered under the law
- Between parties standing in a near relation to each other
- All of the above
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Question 15 of 24

15. Question
1 points

Category: CAF4
Consideration which is moved simultaneously with the promise is known as
- Present consideration
- Past consideration
- Future consideration
- Instant consideration
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Question 16 of 24

16. Question
1 points

Category: CAF4
Which of the following statement is true
- Consideration must always be given by the promisee
- Consideration must be given by a third party on behalf of the promisee
- Consideration must be given by the agent of the promisee
- Consideration may be given by the promisee or any other person on his behalf
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Question 17 of 24

17. Question
1 points

Category: CAF4
Agreement made without consideration is
- Void
- Unlawful
- Unenforceable
- Voidable
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Question 18 of 24

18. Question
1 points

Category: CAF4
Akram makes an agreement for buying raw material from Bilal on 1st January. The raw material is to be supplied by Bilal on 20th January and Payment is to be made by Akram on 15th March. What is the legal status of this contract?
- This contract is not valid as consideration has not been supplied
- This contract is valid and the consideration is present consideration
- This contract is not valid because past consideration is not recognized by law
- This contract is valid and the consideration is future consideration
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Question 19 of 24

19. Question
1 points

Category: CAF4
A promise to compensate, wholly or in part, a person who has voluntarily done something for the promisor is
- Enforceable
- Not enforceable
- Void
- Voidable
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Question 20 of 24

20. Question
1 points

Category: CAF4
It is necessary that in a valid contract
- Consideration must be lawful
- The object must be lawful
- Both of these must be lawful
- Any one of these may be lawful
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Question 21 of 24

21. Question
1 points

Category: CAF4
An agreement is immoral if
- The court regards it as immoral
- People think it immoral
- Society does not recognize it as moral
- It is below the standard of moral
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Question 22 of 24

22. Question
1 points

Category: CAF4
Every contract is made for a lawful object or lawful purpose. The object of a contract is firm on the basis of promises made by the parties. The contract to be legally valid must contain a lawful object which includes
- If it is not forbidden by law
- If it is not defeating the provisions of any law
- If it is not fraudulent
- All of the above
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Question 23 of 24

23. Question
1 points

Category: CAF4
Mr. A, in consideration of Rs. 100,000/- from Mr. B agrees to publish defamatory material against Mr. T, a famous lawyer, in order to damage his goodwill and reputation. This agreement is void because
- It is fraudulent
- It is immoral and against public policy
- It involves an injury to a person
- It defeats the provision of any law
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Question 24 of 24

24. Question
1 points

Category: CAF4
Mr. P had advanced money to Mrs. D, a married woman, to enable her to obtain a divorce from her husband. Mrs. D agreed that as soon as she gets divorced she will marry Mr. P. What is the legal status of this agreement?
- This agreement is valid as marriage is a lawful contract
- This agreement is valid as this is made with the free consent of the parties.
- This agreement is void because it is a marriage brokerage agreement and is opposed to public policy.
- This agreement is void on account of undue influence.
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CAF3 | Ch3 | Validity of contracts and agreements