1.Selena Jonas Ltd., an enormous fare house from America went into a five-year interest

rate trade with the ICICI Bank, under which it has contracted to pay 19.668% and get

half year LIBOR semi-yearly, on a notional chief measure of US $ 29.6445 million.

This arrangement was set-up on April 01, 2003. On April 01, 2005, after the trade installments

were settled, the Treasurer of Selena Jonas proposed that the trade be dropped as

the rates in the market have dropped extensively. He moved toward the bank, which

consented to drop the arrangement at 6.6576%, which is additionally the current rate for the 3 years trade

bargain for fixed versus LIBOR.

You are needed to discover the accompanying:

In the event that the arrangement was to be dropped on April 1, 2005, what measure of cash would be

needed to be paid? By whom?

2. What is the period of accomplishing greater part according to Indian Contract Act, 1872 when the minor is

under the guardianship of the court of wards ?

a) 16 years c) 21 years

b) 18 years d) 20 years.

3. Show of products in a shop window with costs set apart upon them is :

a) Agreement c) Invitation to offer

b) Promise d) Contract.

4. An agreement of office might be made by :

a) Express understanding c) Ratification

b) Implied understanding d) All of the abovementioned.

5. A danger to end it all is considered as :

a) Fraud c) Misrepresentation

b) Undue Influence d) Coercion.

6. In an agreement of repayment, the risk of indemnifier is :

a) Secondary c) Primary

b) Conditional d) Optional.

7. The articulation "Quantum Meruit" in a real sense implies :

a) As much as procured

b) according to the case of the oppressed party

c) As much as work done

d) None of the abovementioned.

8. What is the situation with an agreement when the assent of a gathering is brought about by compulsion?

a) Void c) Valid

b) Voidable d) Illegal

9. Which of the accompanying assertions is valid about thought ?

a) Past thought is legitimate in India.

b) Consideration should bring about advantage to both the gatherings.

c) If there is no thought, there is no agreement.

d) Consideration should be sufficient.

10. In which of the accompanying circumstances unique agreement need not be performed :

a) When gatherings substitute another agreement for the bygone one.

b) When the gatherings to an agreement consent to revoke it

c) When the gatherings to an agreement consent to adjust it.

d) All of the abovementioned.