1. Acceptance of an offer must be qualified or conditional.
False
2. Consideration to the contract need not be adequate.
False
3. Cross offer is different from counter offer.
True
4. All agreements form into contracts.
False
5. An agreement by minor is voidable.
False
6. Offer must be accepted before it is revoked.
True
7. Consideration is necessary in contract of Agency.
False
8. Voidable contract is enforceable at the option of one or other party.
False
9. Acceptance can be given partially.
False
10. An agreement can be ratified by minor on attaining the age of majority. False
11. A person usually of sound mind, but occasionally of unsound mind, cannot enter into a contract when he is of unsound mind.
True
12. An agreement is a wider term than Contract.
False
13. An agreement enforceable by law is a promise.
False
14. All contracts are agreements but all agreements are not contracts.
True
15. An offer must be accepted before it Lapses
True
16. Acceptance can precede offer
False
17. Stranger to a contract cannot sue or be sued.
True
18. Alien enemy is disqualified by law to enter into a contract.
True
19. Ignorance of law of Land is excusable
False
20. In case of undue influence there is no relation between the parties
False