CMA Foundation MCQ – Elements of a ContractSeptember 30, 2025 Maven Leave a Comment Welcome to the CMA Foundation MCQ - Elements of a Contract Quiz! Name Email 1. 1. The Indian Contract Act, 1872 is based on which law? French Civil Code English Common Law American Contract Law Roman Law None 2. Which of the following is NOT an essential element of a valid contract? Free consent Lawful object Consideration Social obligation None 3. Which case established that silence is not acceptance? Balfour v. Balfour Carlill v. Carbolic Smoke Ball Co. Felthouse v. Bindley Ramsgate Victoria Hotel v. Montefiore None 4. An agreement in restraint of trade is: Valid Void Voidable Enforceable only with consideration None 5. “Every promise and every set of promises forming consideration for each other” is the definition of: Contract Agreement Consideration Proposal None 6. Communication of acceptance is complete against the acceptor when: Acceptance is posted Acceptance reaches the proposer Offer is made Revocation is sent None 7. A contract made through email is an example of: Void contract Express contract E-contract Tacit contract None 8. When both parties to a contract misunderstand each other’s intention, the contract is: Valid Void Voidable Illegal None 9. Which type of contract is enforceable at the option of one party only? Void contract Illegal contract Voidable contract Valid contract None 10. An offer made to the public at large is called: Specific Offer General Offer Implied Offer Cross Offer None Time's upRelated Posts:CMA Foundation MCQ – Breach of Contract and Remedies…CMA Foundation MCQ - Performance of ContractCMA Foundation MCQ - Capacity to contractChapter 23 : Elements of Entrepreneurship
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