Where persons reciprocally promise, firstly to do certain things which are legal and secondly under specified circumstances, to do certain other things which are illegal. Select the correct option.
A. The first set of promise is a contract, but the second is a void agreement
B. The entire contract is void
C. The entire contract is valid
D. The entire contract is voidable
Answer: Option A
Related Questions on Legal Aspects of Business
A. 5 years imprisonment or 5 lakh rupees penalty or both
B. Life imprisonment
C. 3 years imprisonment or 2 lakh rupees penalty or both
D. None of the above
What aspect of a patented product is tested by PCT?
A. Priority
B. Novelty
C. Exclusivity
D. Commercial value
The Competition Act, 2002 seeks to regulate
A. Anti-competitive agreements
B. Mergers and amalgamation
C. Unfair trade practices
D. Both A and B

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