Indian Contract Act, 1872 | JAIIB EXAM Mock Test - LRAB

This Mock test on Indian Contract Act, 1872 of LRAB consists of the following questions:
The Indian Contract Act divisible into two parts. These two parts are:
1.An agreement between:
2. A contract without…………..is void.
3. Sita proposes by a letter to Geeta to sell his car for Rs. 10,000/- if Geeta accepts the proposal then she becomes the:
4. When one person signifies to another person, his willing to do or not to do something, with a view to obtaining the consent of that person, he is said to make a:
5. Which of the following, who are competent to contract?
6. A Minor has extended Guarantee to a loan. It can be ratified by whom?
7. A proposes by letter to sell a house to B The Communication of the proposal is complete ......
8. “Corporate veil” is often in respect of a company acting as a legal person which in effect is
9. Ram proposes by a letter to Shyam to sell his car for car for Rs. 2,00,000/- if Shyam accepts the proposal. In this case Ram is known as:
10. A…………….is said to be free when the parties to the contract agree to the same thing in the same sense.
Which of the following equation is correct?
 (Contract= Agreement + Consent
 Contract= Offer or Proposal + Acceptance
 Contract= Agreement + Enforceability
 Contract= Agreement + Consideration)
11. A person is said to be competent to contract if………………
12. The Indian Contract Act divisible into two parts. These two parts are:
13. The agreement must be enforceable by law, which means:
14. Which of the following equation is correct?
15. The agreement must be enforceable by law, which means:

Indian Contract Act, 1872 | JAIIB EXAM Mock Test - LRAB

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