1291. Which of the following CAATs may provide a continuous review ofa client’s programmed controls ?

A. Test Data
B. A utility programme
C. Am Embedded facility *
D, A purpose written program

1292. Law of contract is :

A. Neither the entire law of obligations nor the law of agreements*
B. The whole law of agreements
C. The whole law of obligations
D. None of the above

1293. A contract creates :

A. Rights in personam *
B. Right in Rem
C. Only rights and no obligations
D. Only obligations and no rights

1294. An agreement is avoidable contract when it is :

A. Enforceable if certain conditions are fulfilled
B. The aggrieved party may choose to have the law enforced against them *
C. Enforceable by both the parties
D. Not enforceable at at all

1295. A contract :

A. Might be void as initially went into
B. May become null after being formed *
C. Cannot become void under any circumstances
D. May become void at the desire of a party

1296. The transaction collateral to an illegal agreement are :

A. Not affected in any manner
B. Also tainted with illegality *
C. Voidable at the choice of the offended party
D. Void

1297. An agreement is :

A. Offer
B. Offer + acceptance *
C. Offer + acceptance + consideration
D. Contract

1298.A contract is :

A. A legal obligation
B. An understanding in addition to a legitimate commitment *
C. Consensus ad idem
D. An agreement plus a legal object

1299. An inability to contract can result from:

A. Lack of free consent
B. Lack of consideration
C. Minority *
D. Absence of legal formalities

1300. An understanding not enforceable by regulation is supposed to be:

A. Void *
B. Voidable
C. Valid
D. Illegal