61) A letter of acceptance sufficiently stamped and duly addressed to the offeror is dropped in the post box by the acceptor.

A) A binding contract is constituted
B) No binding contract is constituted
C) A binding contract is constituted when the letter of acceptance reaches the offeror
D) An agreement is constituted

62) Assertion (A) : Hindu Undivided Family business is not a Firm
Reason (R): The relation of partnership arises from contract and not from status. Options:

A) Both (A) and (R) are true and (R) is the correct explanation of (A)
B) Both (A) and (R) are true and (R) is not the correct explanation of (A)
C) (A) is true and (R) is false
D) (A) is false and (R) is true

63) An agreement the object of which is unlawful in part is –

A) Valid
B) Void
C) Voidable
D) Unenforceable

64) Find the correct answer using codes given below:
(a)Bulk should correspond to sample, is an implied condition
(b)Buyer shall have a reasonable opportunity of comparing bulk with sample, is an implied condition
(c)Goods shall be free from any defect rendering them un merchantable, is an implied condition
(d)Buyer shall have possession and enjoy possession of the goods, is an implied condition.

A) (a) only is correct
B) (a) and (b) only are correct
C) (a), (b) and (c) only are correct
D) All the above are correct

65) The term consensus ad idem means –

A) No agreement can have more than one meaning
B) To agree the same way
C) To agree on the same thing in the same sense
D) To agree for different objects in the same sense