Q. Which is the following is false? Consideration:
✅ Correct Answer: (C)
Must be illusory
Business Laws MCQs and Notes
Q. Which of the following statement is true?
✅ Correct Answer: (D)
Consideration must be something which a promisor is not already bound to do
Q. In case of illegal agreements the collateral agreements are
✅ Correct Answer: (B)
Void Contract
Q. Which is the following is false? An acceptance:
✅ Correct Answer: (D)
May be presumed from silence of offeree
Q. When the consent of a party is not free, the contract is:
✅ Correct Answer: (B)
Voidable
Q. Which is the following is false? An offer to be valid must;
✅ Correct Answer: (C)
Contain a term the non‐compliance of which would amount to acceptance
Q. An agreement which is enforceable by law at the portion of one or more of the parties thereon but not at the option of the other or others is a :
✅ Correct Answer: (C)
Voidable Contract
Q. A void agreement is one which is
✅ Correct Answer: (D)
Not enforceable in a Court of Law