A contract known by conduct of parties. (a) Implied contract (b) Express contract (c) Unilateral - (d) Tacit contract Description: A contract is said to be tacit when it has to be inferred from the conduct of the parties. Example- obtaining cash through ATM( Automatic Teller Machine), sale by fall of hammer at an auction sale. - Nature of contracts Interview Questions and Answers

CoolInterview.com - World's Largest Collection of Interview Questions & Answers, FAQs, queries, sample papers, exam papers, dumps, what, why, how, where, when questions

OneStopTesting.com - Testing EBooks, Tutorials, Articles, Jobs, Training Institutes etc.
OneStopGate.com - Gate EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopMBA.com - MBA EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopIAS.com - IAS EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopSAP.com - SAP EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopGRE.com - of GRE EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.

Sponsored Links

Interview Questions

INTERVIEW QUESTIONS

MERCANTILE LAW

NATURE OF CONTRACTS

DETAILS

Question: A contract known by conduct of parties.
(a) Implied contract
(b) Express contract
(c) Unilateral contract
(d) Tacit contract

Answer: (d) Tacit contract
Description: A contract is said to be tacit when it has to be inferred from the conduct of the parties. Example- obtaining cash through ATM( Automatic Teller Machine), sale by fall of hammer at an auction sale.

Category	Nature of contracts Interview Questions & Answers - Exam Mode / Learning Mode
Rating	(0.2) By 8227 users
Added on	11/28/2016
Views	69846
Rate it!

Question: A contract known by conduct of parties.
(a) Implied contract
(b) Express contract
(c) Unilateral contract
(d) Tacit contract

Answer:

(d) Tacit contract
Description: A contract is said to be tacit when it has to be inferred from the conduct of the parties. Example- obtaining cash through ATM( Automatic Teller Machine), sale by fall of hammer at an auction sale. Source: CoolInterview.com

If you have the better answer, then send it to us. We will display your answer after the approval.

Rules to Post Answers in CoolInterview.com:-

There should not be any Spelling Mistakes.

There should not be any Gramatical Errors.

Answers must not contain any bad words.

Answers should not be the repeat of same answer, already approved.

Answer should be complete in itself.

	Related Questions	View Answer
	A one- sided contract in which only one party has to perform his promise called (a) Bilateral contract (b) Executory contract (c) Unilateral contract (d) Executed contract	View Answer
	A sells some smuggled goods at Rs. 100. The contract is void on the ground: (a) Illegality (b) Opposed to public policy (c) Fraudulent (d) None of the above	View Answer
	A sells some smuggled goods at Rs. 100. The contract is void on the ground: (a) Illegality (b) Opposed to public policy (c) Fraudulent (d) None of the above	View Answer
	A price list belongs to the category of: (a) An offer (b) An invitation to offer (c) Answer to a querry (d) Acceptance of an offer	View Answer
	A asks B a watch repairer to repair his watch without forming any contractual relationship, still a legal relationship has arisen and it will create _____________ (a) Express Contract (b) Implied Contract (c) Tacit Contarct (d) Formal Contract	View Answer
	Which of the following is false? An offer to be valid must: (a) Contain a term the non compliance of which would amount to acceptance (b) Be certain and definite (c) Be capable of creating legal relations (d) Be communicated to the person to whom offer is made	View Answer
	Cash withdrawn through ATM of a bank is: (a) Unilateral Contract (b) Tacit Contract (c) Executed Contract (d) Executory Contract	View Answer
	B sends acceptance through telegram to A and it was lost in transit due to mishandling of postman. The contract is: (a) Voidable (b) Valid (c) Void (d) Illegal	View Answer
	A sent a proposal for sale of goods to B through a letter. However letter was still in transit. A sent the letter of revocation of offer to B which was received by B before the first letter reached B. (a) The contract is valid (b) The revocation is valid as it reached B before the first letter reached B (c) The contract is void (d) None of these	View Answer
	B's son is lost. A goes in search of B's son. Meanwhile, B makes an offer to pay Rs. 1,000 to the finder of his son. A finds B's son. Can A claim Rs.1,000 from B? (a) Yes, A has found B's son (b) No, A had no knowledge of the offer (c) No, A is hired by B (d) None of these	View Answer
	X invites Y for his son's wedding. Y accepts the invitation. In this case there is an agreement but no contract since (a) There is no consideration (b) There is no iintention to create legal relationship (c) There is no written document (d) There is no formal acceptance of the offer	View Answer
	An agreement enforceable by law is: (a) Obligation (b) Promise (c) Proposal (d) Contract	View Answer
	The Law of Contract extends to _________ (a) Whole of India (b) Whole of India except the state of Jammu and Kashmir (c) North India only (d) South India only	View Answer
	Is the statement true or false: "All contracts are agreements but all agreements are not contract" (a) True (b) False (c) Partly true (d) Can't say	View Answer
	A promise is a: (a) Consideration (b) Contract (c) An accepted proposal (d) Proposal	View Answer
	A invited B for a dinner at his house. B did not come on the appointed day. A cannot sue b as (a) There was no intention to create legal relationship (b) There was no promise (c) There was no acceptance (d) There was no offer	View Answer
	Offer to public in general is known as: (a) Cross Offer (b) Counter Offer (c) General Offer (d) Standing Offer	View Answer
	A by a letter dated 10 th January 2008, offers to sell his house to B for Rs 40 Lacs. The letter reaches b on 17th January 2008, who posts his acceptance on 18th January 2008 which reaches A on 30th January 2008. Here the communication of offer is complete on: (a) 18.01.2008 (b) 30.01.2008 (c) 17.01.2008 (d) 10.01.2008	View Answer
	S offered a reward to anyone who returns his lost dog. F bought the dog to S withouh having heard the offer. Which of the following is correct? (a) F is entitled to the reward (b) F is not entitled to the reward (c) S has to find the dog himself (d) No reward can be given for the return of lost dog	View Answer
	All innocent promises collateral to the main illegal promise contained in a contract will be regarded as: (a) Valid (b) Void (c) Illegal (d) voidable	View Answer

Please Note: We keep on updating better answers to this site. In case you are looking for Jobs, Pls Click Here Vyoms.com - Best Freshers & Experienced Jobs Website.

View All Nature of contracts Interview Questions & Answers - Exam Mode / Learning Mode