List of top Legal Studies Questions on Contract Law asked in KLEE

A person P offers to sell his car to Q for Rs.5 Lakhs and asks Q to reply within 6 days. On the 4th day, P sells his car to R without informing Q. On the 5th day, Q accepts the offer given by P. Which one of the following is correct?

Statement-1 : Every contract is an agreement
Statement-2 : Every agreement is a contract

Which one of the following is essential for an agreement to become a contract?

A person X finds lost goods and keeps them in his possession. He is legally known as

A person X threatens another person Y to publish defamatory statements in a newspaper unless Y pays money. This amounts to

A invites B to a family function at his residence. B accepts but does not attend. Legally A can

A minor enters into a contract. It is