Corportae and Business Law MCQ Quiz - Objective Question with Answer for Corportae and Business Law - Download Free PDF
Last updated on May 12, 2025
Latest Corportae and Business Law MCQ Objective Questions
Corportae and Business Law Question 1:
The correct sequence in formation of a Contract is:
Answer (Detailed Solution Below)
Option 2 : Offer, acceptance, agreement, consideration.
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Corportae and Business Law Question 1 Detailed Solution
The correct answer is Option 2
Key Points The formation of a valid contract under the Indian Contract Act, 1872 follows a specific sequence:
- Offer – One party makes a proposal to do or not do something.
- Acceptance – The other party accepts the offer, turning it into an agreement.
- Agreement – When offer and acceptance meet, a lawful agreement is formed.
- Consideration – A lawful consideration (something in return) is necessary to make the agreement enforceable by law, turning it into a contract.
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Top Corportae and Business Law MCQ Objective Questions
Corportae and Business Law Question 2:
The correct sequence in formation of a Contract is:
Answer (Detailed Solution Below)
Option 2 : Offer, acceptance, agreement, consideration.
Corportae and Business Law Question 2 Detailed Solution
The correct answer is Option 2
Key Points The formation of a valid contract under the Indian Contract Act, 1872 follows a specific sequence:
- Offer – One party makes a proposal to do or not do something.
- Acceptance – The other party accepts the offer, turning it into an agreement.
- Agreement – When offer and acceptance meet, a lawful agreement is formed.
- Consideration – A lawful consideration (something in return) is necessary to make the agreement enforceable by law, turning it into a contract.
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