Sample tests for formative assessment (for the 2nd year students) term-1

105. According to the mood of time of performance there are 2 types of contract:

1. 
   Express contract and Implied contract
   
2. 
   Executed contract and executory contract
   
3. 
   Bilateral contract and unilateral contract
   
4. 
   Valid contract and Voidable contract
   

106.There are two types of contracts as regards the number of parties. They are:

1. 
   Express contract and Implied contract
   
2. 
   Executed contract and executory contract
   
3. 
   Bilateral contract and unilateral contract
   
4. 
   Valid contract and Voidable contract
   

107. The types of contracts as regards the mood of enforceability and validity:

1. 
   Express contract and Implied contract
   
2. 
   Executed contract and executory contract
   
3. 
   Bilateral contract and unilateral contract
   
4. 
   Valid contract, Voidable contract and void contract
   

108. To make a legally binding contract, put the elements in order.

1. 
   offer, acceptance, consideration, intention and capacity
   
2. 
   acceptance, consideration, offer, intention and capacity
   
3. 
   offer, consideration, intention acceptance, acceptance and capacity
   
4. 
   offer, acceptance, intention and capacity, consideration.
   

109. Acceptance means……

1. 
   A set of arguments in a situation that might become legal or is already legal in nature.
   
2. 
   An unconditional agreement to what is proposed by the other party
   
3. 
   A person who makes an offer
   
4. 
   A proposal the terms of which are certain
   

110. Who is an offeror?

1. 
   A set of arguments in a situation that might become legal or is already legal in nature.
   
2. 
   An unconditional agreement to what is proposed by the other party
   
3. 
   A person who makes an offer
   
4. 
   A proposal the terms of which are certain