The case Frost v. Knight, (1872) LR 7 Ex 111, related to:
A. Anticipatory breach of contract
B. Frustration of contract
C. Remission of performance of contract
D. Discharge of contract by agreement
Select an option to see the answer and solution.
Acceptance to be valid must
A. Be absolute
B. Be unqualified
C. Both be absolute & unqualified
D. Be conditional
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Who said that 'Acceptance is to offer what a lighted match is to gun powder. Both do something which cannot be undone'?
A. Anson
B. Justice Atkin
C. Mulla
D. Avtar Singh
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Which of the following is not an agreement in restraint of trade?
1. A sells the goodwill of his business with an agreement not to carry on a similar business within specified local limits, so long as the buyer carries on a similar business.
2. A sells the goodwill of his business with an agreement not to carry on a similar business within India, so long as the buyer carries on a similar business.
3. A sells the goodwill of his business with an agreement not to practice the same trade for 25 years.
4. A sells the goodwill of his business with an agreement not to engage in any business competing or liable to compete in any way with the business for the time being carried on by the buyer.
A. 1, 3 and 4
B. 2, 3 and 4
C. 3 and 4
D. 1 and 3
Select an option to see the answer and solution.
Which type of loss are not covered by a contract of indemnity
A. Loss arising from accidents like fire or perils of the sea
B. Loss caused by the promisor himself or by a third person
C. Loss arising by human agency
D. None of the above
Select an option to see the answer and solution.
Which of the following is the correct meaning of "privity of contract":
A. Parties must maintain privacy of contract
B. The main object of the contract should be maintained
C. Only parties know under what circumstances it was made
D. Only parties to a contract can sue on it
Select an option to see the answer and solution.
The correct sequence in formation of contract is
A. Offer, consideration, acceptance, agreement
B. Agreement, consideration, offer, acceptance
C. Offer, acceptance, agreement, consideration
D. Offer, acceptance, consideration, agreement
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Which of the following cases is considered as a fundamental case on the topic of 'proposal and acceptance' under the Indian Contract Act, 1872?
A. Satyabrat Chose v. Mugneeram & Co.
B. Paradin v. Jane
C. Mohri Bibi v. Dharmadas Ghose
D. M/s. Bhagwandas v. M/s. Girdharilal
Select an option to see the answer and solution.
The communication of acceptance through telephone is regarded as complete when-
A. Acceptance is spoken on telephone
B. Acceptance comes to the knowledge of the party proposing
C. Acceptance is put in the course of transmission
D. Acceptor has done whatever is required to be done by him
Select an option to see the answer and solution.
Match
List-I with
List-II and select the correct answer using the given below the lists:
List-I (Content)
List-II (Concept)
a. Dominates the will of the other
1. Consideration
b. At the desire of the promisor
2. Quasi-Contract
c. Contract to do or not to do something
3. Undue influence
d. Where a person lawfully does anything for another person
4. Contingent contract
A. a-2, b-3, c-4, d-1
B. a-3, b-1, c-4, d-2
C. a-4, b-2, c-1, d-3
D. a-1, b-4, c-2, d-3
Select an option to see the answer and solution.
The consent obtained by threatening to commit suicide amounts to consent by
A. Coercion
B. Undue influence
C. Fraud
D. None of these
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In which of the following statement "undue-influence" does not exist?
A. When dominating party holds real or apparent authority
B. When a person's mental capacity is affected because of bodily distress
C. When a party threatens another to commit suicide
D. When the party holds fiduciary relationship
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Deed of cancellation of contract amounts to rescission of contract and any rescission must be only bilateral. This contention was held in case of
A. E. R. Kalaiban v. I. G. of Registration Chennai, AIR 2010 Mad 18
B. K. L. Sahoov. LIC, AIR 2010 Ori 19
C. A. K. Mahato v. State of Bihar, AIR 2010 Pat 19
D. Md. Moinuddin v. Md. Mustafa, AIR 2010 Pat 224
Select an option to see the answer and solution.
Which of the following is correct?
A. Pledge made by a person having a limited interest is valid to the extent of that interest
B. Pledge made by a person under voidable contract is valid
C. Pledge made by a mercantile agent is valid
D. Goods may be pledged by the servant in the absence of owner
Select an option to see the answer and solution.
Compromise of dispute claims
A. Is not permitted by law
B. Results in a void agreement
C. Is not a good consideration for a, contract
D. Is a good consideration for a contract
Select an option to see the answer and solution.
Which of the following statement/s is/are correct?
Consideration is:
1. A price for any promise.
2. Only a moral obligation.
3. A motive for any promise.
4. Something of value in the eye of law.
A. (1) and (3) are correct
B. (1) and (4) are correct
C. (2), (3) and (4) are correct
D. (3) and (4) are correct
Select an option to see the answer and solution.
A, a married woman, agreed to live in adultery with B and also agreed to serve him as his house keeper. In return, B agreed to pay A Rs. 500 per month for living in adultery and Rs. 500 per month for house keeping. The agreement is
A. Valid
B. Void
C. Void as to the first object but valid with respect to the second object
D. Unlawful being opposed to public policy
Select an option to see the answer and solution.
A contingent contract dependent on the happening of uncertain event in the future can be enforced when the event
A. Happens
B. Becomes impossible
C. Does not happen
D. None of the above is correct
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A' contracts to sell and deliver 500 bales of cotton to 'B' on a fixed day. 'A' knows nothing of B's mode of conducting his business. 'A' breaks his promise and 'B', having no cotton is obliged to close his mill. Is 'A' responsible for the loss caused to 'B' by the closing of Mill?
A. Yes
B. No
C. To the extent of the loss caused
D. None of these
Select an option to see the answer and solution.
An agreement to do an act impossible' is provided in the Indian Contract Act under
A. Section 39
B. Section 50
C. Section 56
D. Section 55
Select an option to see the answer and solution.