BASICS OF CONTRACT

1. The Indian Contract Act was enacted in the year-
   a) 1872
   b) 1950
   c) 1952
   d) 1552
2. The Indian Contract Act became operative from the date of-
   a) 18th September 1872
   b) 25th April 1872
   c) 1st September 1872
   d) 25th May 1872
3. An agreement not enforceable by law is-
   a) Valid contract
   b) Void
   c) Voidable Contract
   d) Unenforceable agreement
4. The Indian Contract Act defines “Contract” under section-
   a) 2(d)
   b) 2(j)
   c) 2(h)
   d) 2(a)
5. An agreement, which is enforceable by law at the option of one or more of the parties thereto, but not at the option of the other or others-
   a) Is an illegal contract
   b) Is a voidable contract
   c) Is a void contract
   d) Is a valid contract
6. Which of the following is correct? A Contract-
   a) Must be in writing
   b) May be oral or in writing
   c) Must be given on affidavit
   d) All of the above

Answer 1. (a) 2. (c) 3. (b) 4. (c) 5. (b) 6. (b)