A contract in which, under the terms of a contract, one or both the pa – McqOptions

MCQOPTIONS

1.	A contract in which, under the terms of a contract, one or both the parties have still to perform their obligations in future is known as
A.	executed contract
B.	executory contract
C.	unilateral contract
D.	none of the above
Answer» C. unilateral contract

Discussion

No Comment Found

Related MCQs

If a contract provides for the payment of a certain amount on breach of a contract, such payment is termed as:
Under the Contract Act, 1872 a person is said to be of sound mind for the purpose of making a contract if:
Choose the incorrect statement: To constitute a wager, following elements should be present in the agreement:
A positive assertion, in a manner not warranted by the information of the person making it, of that which is not true, though he believes it to be true is said to be a:
In a contract of guarantee, a person who promises to discharge another s liability is known as
The delivery of goods by one person to another as a security for the repayment of a debt is known as a
A person appointed by the original agent to act in the business of the agency but under the control of the original agent is known as a/an
A mercantile agent to whom the possession of the goods is given for the purpose of selling the same is known as a/an
In contract through sea route, where the seller has to put the goods on board a ship at his own expenses, the contract is known as
The general rule is that the buyer of goods is responsible for his choice or selection. This doctrine is