1351. Regulation as to the opening and closing of business in a market are :

A. Not unlawful regardless of whether they are in limitation of exchange *
B. Unlawful in light of the fact that they are in limitation of exchange
C. Void
D. Not valid

1352. An employee, by the terms of his service agreement, is prevented from accepting a similar engagement after the termination of his service . The restrain is :

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

1353. Nordenfelt V Maxim Nordenfelt Gun co, (1904) 29 B.L.R 107 case deals with :

A. Agreement in restraint of legal proceedings
B. Minor’s agreements
C. Agreements in restraint of trade *
D. Agreements in restraint of marriage

1354. A contract of insurance is a :

A. Contract of guarantee
B. Contingent contract *
C. Wagering agreement
D. Unilateral agreement

1355. Which of the following are contingent contracts ?

A. Contracts of insurance *
B. Contracts of guarantee
C. Contracts for the sale of goods and credit
D. Wagering agreements

1356. A contingent contract is :

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

1357. A contract to pay B 10,000 $ If B’s house is burnt. This is a :

A. Waggering contract
B. Void agreement
C. Voidable agreement
D. Contingent agreement *

1358. Promises forming consideration for each other are known as :

A. Independent promises
B. Dependent Promises
C. Reciprocal promises *
D. Mutual promises

1359. Each party is a promisor and a promise in case of :

A. Past consideration
B. Present consideration
C. Every contract
D. Reciprocal promises *

1360. When the promise refuses to accept performance from the promisor who offers to perform , it is :

A. Attempted performance *
B. Vicarious performance
C. Tender
D. Frustration of contract