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CA CPT 2014 Dec Question Paper Mercantile Laws for online practice

Question : 10

Total: 40

Which of the following is not correct?

The maxim “quid pro quo” means lawful consideration
A person entering into a contract must be major and sound mind
he maxim “Consensus-ad-idem” means that the parties to the contract must agree up on same thing in samesense.
Consent is not deemed to be free when it is vitiated by misrepresentation

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