Restoration of benefits received under a void contract is possible under Indian Contract Act in:-
A. Section 62
B. Section 63
C. Section 64
D. Section 65
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Surety is a person
A. In respect of whose default the guarantee is given
B. Who gives the guarantee
C. To whom the guarantee is given
D. None of the above
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Which one of the following pairs is correctly matched?
A. In India, Consideration must follow - from Promisee only
B. In India, Consideration must follow - from only Promisor or only Promisee
C. In India Consideration must follow - from Promisor or any other person
D. In India Consideration must follow - Promisee or any other person
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Which one of the following statements is correct? The communication of acceptance is complete as against the proposer as soon as:
A. Acceptor writes letter of acceptance
B. Acceptor posts the letter of acceptance
C. The proposer receives the letter of acceptance
D. The proposer reads the letter of acceptance
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By a contract there are two sets of promises, with one set of promises being legal, and other set of promises being illegal. In view of the statement, which one of the following is correct?
A. There can be such a contract vide Section 23 of the Indian Contract Act
B. There can be such a contract, but the contract will only be for the legal set and not for the illegal set of promises vide Sections 57 and 58 of the Indian Contract Act
C. The contract as a whole will be enforceable at the option of the buyer and not the seller
D. There can be a contract of two set of promises, with one set of promises being legal and the other set of promises being illegal, provided both the set of promises are a commercial contract and the monetary value of the illegal set of promises is reduced from the value of the legal set of promises, and enforcement is only for the net value
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Agreement restraining legal proceeding is void only if restraint is . . . . .
A. Partial
B. Absolute
C. Written
D. None of these
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A promise to pay a debt barred by the law of limitation, has been made enforceable under which section of the Indian Contract Act?
A. Section 32
B. Section 47
C. Section 25
D. Section 8
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A and B being traders, entered upon a contract. A has private information of a change in prices which would affect B's willingness to proceed with the contract
A. A is bound to inform B
B. A is not bound to inform B
C. B is bound to be informed
D. None of above
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Which of the following is a valid acceptance of a proposal?
A. When an acceptance is made in ignorance of the proposal
B. When an acceptance is made in usual and reasonable manner but not in a manner prescribed by the proposer
C. When an acceptance is made in a manner prescribed by the proposer
D. None of the above
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Responsibility of finder of goods is covered under:
A. Indemnity
B. Quasi contract
C. Contingent contract
D. Agency
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An agreement made to sell a cargo of corn which was not in existence at the time of contract is:-
A. Voidable at the option of either party
B. A valid agreement
C. A void agreement
D. An unenforceable agreement
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"An acceptance is complete as soon as the letter of acceptance is posted whether it reaches the offerer or not" which one of the following with regard to the above statement is correct-
A. According to Indian Law, the rule is valid
B. According to English law, the rule is valid
C. Both Indian Law and English Law follow the same rule
D. None of the above is correct
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X' a magician agrees with Z to discover treasure by magic. The agreement is:-
A. Voidable at the option of Z
B. Illegal
C. Impossible in itself and void
D. Enforceable
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Which one of the following is not essential for a consideration?
A. It must be given at the desire of the promisor
B. Valuable
C. Lawful
D. Adequate
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In which case it was held that when charge or pledge is enforced by way of sale of the pledged or hypothecated goods the sale is for consideration and falls within the ambit of section 2(xxi) of Limitation Act
A. Federal Bank Ltd. v. State of Kerala(2007)
B. Hardev Singh v. Gurmail Singh (2006)
C. Jatinder Nath v. Chopra Land Developers (2005)
D. None of the above
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A debtor owes several distinct debts to the same creditor and he makes a payment which is insufficient to satisfy all the debts. In such a case, a question arises as to which particular debt the payment is to be appropriated. Which sections of the Contract Act provides an answer to this question?
A. Section 10 to 12
B. Section 22 of 31
C. Section 55 to 60
D. Section 59 to 61
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Under Section 28 of the Indian Contract Act, 1872 an agreement not to pursue any legal remedy to enforce the right is:
A. Valid
B. Voidable
C. Void
D. Unenforceable
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What is the meaning of novation:
A. Rescinding of a contract
B. Alteration of a contract
C. Change in provisions of a contract
D. Substituting an old contract for a new one
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A patient in a lunatic asylum, who is, at intervals, of sound mind, may contract during those intervals. Choose the correct option.
A. A person in a lunatic asylum cannot enter into any contract
B. As per Section 12, during the intervals when he is of sound mind, he can enter into contract
C. Though, as per Section 12, he may enter into an agreement during the intervals when he is of sound mind, such agreements shall not be enforceable in any court of law
D. None of the above
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X promises Y to drop a prosecution which he has instituted against Y for robbery and Y promises to restore the value of the things taken. Which one of the following is the correct answer?
A. The agreement is a contract
B. The agreement is immoral
C. The agreement is void as it is in restraint of legal proceedings
D. The agreement is void as its object is unlawful
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