Who may employ an agent?
A. Any major person
B. Any person who is of sound mind
C. Any major and person of sound mind
D. A citizen of India
Select an option to see the answer and solution.
Tender is
A. An offer
B. An invitation to offer
C. A counter offer
D. A promise
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Agency stands terminated
A. By the death, insolvency or insanity of the principal
B. By the death, insolvency or insanity of the agent
C. By the death, insolvency or insanity of either the principal or the agent
D. By the death, insolvency or insanity of the principal and the agent both
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When goods are delivered by one person to another for some purpose upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed off according to the direction of the person delivering them, the transaction is called a
A. Custody
B. Pawn
C. Mortgage
D. Bailment
Select an option to see the answer and solution.
A gives a recognizance binding him in a penalty of Rs. 500 to appear in Court on a certain day. He forfeits his recognizance. He is liable:
A. To pay the whole penalty
B. To pay half penalty
C. It depends on the discretion of the judge
D. For no penalty
Select an option to see the answer and solution.
The inadequacy of consideration will be taken into account by a court of law:
A. When the promisor expresses his desire to get maximum return for his promise
B. When the promisor performs his promise
C. When fraud, coercion or undue influence in the formation of the contract is pleaded
D. Always at the discretion of the court
Select an option to see the answer and solution.
Communication of acceptance is complete as against the acceptor only:
A. When it is put in the course of transmission
B. When it comes to the knowledge of the proposer
C. When it is communicated to the acceptor that the acceptance has reached the proposer
D. All of the above
Select an option to see the answer and solution.
The effect of ratification under the law of agency is:-
A. Prospective
B. Retrospective
C. Prospective or retrospective depending on the facts and circumstances of the case
D. Prospective or retrospective depending on the agreement between the parties
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Tender of performance of contract' has been provided under which of the following Sections of the Indian Contract Act, 1872?
A. Section 36
B. Section 37
C. Section 39
D. Section 38
Select an option to see the answer and solution.
Hadley v. Baxendale is a leading English contract law case that sets the basic rule to determine consequential damages from a breach of contract. The statement is:
A. False
B. True
C. Partially true
D. It does not relate to breach of contract
Select an option to see the answer and solution.
Under law of Contract, the primary aim of the law of damages is to:
A. Punish the party who has committed the breach of contract
B. Enrich the party who sustained the loss
C. Place the party who sustained the loss in the same position as if the contract has been performed
D. All of the above
Select an option to see the answer and solution.
The principle, performance of a condition is a sufficient acceptance without notification is contained in
A. Section 8
B. Section 7
C. Section 6
D. Section 9
Select an option to see the answer and solution.
The case of Hochester v. De La Tour deals with:
A. Quasi-contract
B. Doctrine of promissory estoppel
C. Anticipatory breach of contract
D. Quantum-merit
Select an option to see the answer and solution.
A written agreement between fathers of 'A' and 'B' that 'A' and 'B' would get married on becoming major is:
A. Voidable
B. Void
C. Valid
D. Valid in case 'A' and 'B' have agreed to be bound by the said agreement on becoming major
Select an option to see the answer and solution.
A valid guarantee can be given
A. Only if there is no principal debt
B. Only if there is a principal debt
C. Irrespective of any debt
D. Both A and C
Select an option to see the answer and solution.
Claim for necessaries of life supplied to a minor under Section 68 of the Indian Contract Act, 1872
A. Can be enforced against the guardian, if any, of the minor
B. Can be enforced against the minor's property or estate, during his minority even
C. Can be enforced against the minor personally on his attaining majority
D. Cannot be enforced at all
Select an option to see the answer and solution.
Pledge by a seller in possession of goods after sale is-
A. Valid
B. Void
C. Voidable
D. Unlawful
Select an option to see the answer and solution.
A invites B for coffee in coffe-day restaurant and B accepts the invitation. On the appointed date, B goes there but A is not found. In this case
A. B has no remedy against A
B. B has to wait for another invitation from A
C. B has the right to sue A for not honoring his words
D. A has to invite B again, to perform the promise
Select an option to see the answer and solution.
Misrepresentation under section 18 means
A. A positive assertion, in a manner not warranted by the information of the person making it, not true but he believes it to be true
B. Any breach of duty, which gains an advantage to the person committing it, by misleading another to his prejudice
C. Causing a party to make an agreement to make a mistake as to the subject matter of contract
D. All the above
Select an option to see the answer and solution.
Parties are not competent to contract if any of them is:
A. Minor
B. Insane
C. Declared unqualified
D. All the above
Select an option to see the answer and solution.