[Solved] Consider the following statements: 1. General offer require the communication of acceptance. 2. All contracts are agreements 3. All agreements are contracts 4. All illegal agreements are void agreements Which of the statements given above are correct?

Q.	Consider the following statements: 1. General offer require the communication of acceptance. 2. All contracts are agreements 3. All agreements are contracts 4. All illegal agreements are void agreements Which of the statements given above are correct?
A.	2 and 4
B.	1, 3 and 4
C.	1 and 2
D.	2, 3 and 4
Answer» A. 2 and 4

4.2k

Do you find this helpful?

View all MCQs in

Fundamentals of Laws and Ethics

Discussion

No comments yet

Related MCQs

Consider the following statements: 1. There is no difference between the English law and Indian law with regard to acceptance through post. 2. Both under the English law and the Indian law a contract is concluded when the letter of acceptance is posted 3. Under the Indian law when the letter of acceptance is posted it is complete only as against the proposer. 4. It is complete only as against the proposer. Which of the above statements is/are correct?
Which of the following types of contracts are generally termed uberrimae fidei contracts? 1. Insurance contracts. 2. Contract for purchase of car. 3. Partnership contracts. 4. Quasi-contract. Select the correct answer using the code given below:
Where a particular mode of communication of acceptance is not prescribed and the parties are not in each other's presence, the most authentic mode of communication of acceptance is the
Sections 4 and 5 of the Indian Contract Act provide for communication of offer and acceptance and revocation thereof. In this relation, which one of the following is not correct?
An offer which is allowed to remain offer for acceptance over a period of time is known as a
Quasi-contracts or implied contracts are exceptional kinds of contracts by which:
Which one of the following statements about a valid acceptance of an offer is NOT correct?
An acceptance will be revoked at any time before the communication of acceptance is complete against the acceptor, but not afterwards
A minor enters into agreement representing himself to be a major consider the following statement: 1. Minor commits fraud if the other party does not have personal knowledge of his age 2. Such agreement is not enforceable 3. The doctrine of estoppel does not apply in minor's case 4. Other party is entitled to get back the benefit passed to minor, if innocent about his age Which of the statements given above are correct?
All illegal agreements