Point out the correct item shown below:
There may be a contract without consideration if
A. The agreement is in writing and registered
B. The parties to the agreement are near relatives
C. The agreement is made due to natural love and affection
D. All the above
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Ratification of an act:
A. Has to be express only
B. Has to be implied
C. Has to be both - express and implied
D. Can either be express or implied
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Who said "Acceptance to an offer is what a lighted matchstick is to a train of gunpowder"?
A. Sir Fredrick Pollock
B. Sir William Anson
C. G. C. Cheshire
D. D. F. Mulla
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A agrees to pay B rupees one thousand without any consideration. This agreement is
A. Voidable
B. Void
C. Not enforceable
D. Not enforceable as unwritten
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Which is correct?
A. Proposal + acceptance = promise
B. Promise + consideration = agreement
C. Agreement + enforceability = contract
D. All of the above
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Which of the following Section of the Indian Contract Act provides that the responsibility of finder of goods is similar to that of a bailee:
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Which one of the following statements are under statements is correct in regard as to matter of fact, the agreement is
A. Time is always the essence of to contract
B. Time is never the essence of the contract
C. Time would not be regarded as the essence of the contract unless it is shown that the parties intended so
D. Since it is a sale of immovable property, ever parties cannot intend to make time the essence of the contract
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Which one of the following statements is incorrect?
A. The liability of the surety is coextensive with that of the principal debtor unless otherwise provided in the contract
B. A contract is not voidable because it was caused by a mistake as to any law in force in India
C. A contract is not voidable because it was caused by a mistake as to any law not in force in India
D. A mistake as to fact, which is essential to the agreement, is void
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If the time of performance of the contract is the essence of the contract and the promisor fails to perform the contract by the specified time-
A. The contract becomes void and is unenforceable
B. The contract remains valid and is enforceable
C. The contract becomes voidable at the instance of the promisee
D. The contract though valid becomes unenforceable
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The theory on which quasi-contractual obligations are based is to prevent unjust enrichment. Who is considered to be the real founder of this theory?
A. Lord Mansfield
B. Lord Wright
C. Anson
D. Lord Radcliffe
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Which of the following statements with regard to contract is not correct?
A. The acceptance should be made in the manner prescribed in the proposal. But a departure from that manner does not itself invalidate the acceptance. A duty is cast on the offerer to reject such acceptance within reasonable time and if he fails to do so, the contract is clinched on him and he becomes bound by the acceptance
B. An acceptance containing additions, limitations or other modifications shall amount to rejection of the offer and shall constitute a counter offer
C. It is not open to an offeror to stipulate against an unwilling offeree that latter's silence will be regarded as equivalent to acceptance. He cannot force him to take a positive course of action under penalty of being contractually bound if he does not
D. An offerer would not be bound by a contract, if the letter of acceptance posted by the offeree is lost in transit and thus is not received by the offerer
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A agrees to sell to B the goods which are on their way to Chennai from Oman by a ship. But before the agreement between the parties, the ship had sunk and the goods to be sold to B, were lost. Neither party is aware of this happening. The agreement is:
A. Void
B. Voidable
C. Valid
D. Enforcement
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Which of the following is/are involved in wagering agreement?
1. An uncertain event.
2. Parties have no control over the event.
3. Except the stake parties have no other interest in the event.
Select the correct answer using the given below:
A. 1 only
B. 1 and 2
C. 2 and 3
D. 1, 2 and 3
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Which of the following is incorrect? A valid offer must be
A. Capable of being accepted
B. Definite
C. Discretionary
D. Certain
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Section 124 of Indian Contract Act, includes under Contract of Indemnity the
A. Losses caused by human conduct
B. Losses caused by accident
C. Losses caused by natural calamity
D. None of the above
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An agreement not enforceable by law is stated to be void under
A. Section 2(d)
B. Section 2(e)
C. Section 2(f)
D. Section 2(g)
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Promises which form the consideration or part thereof, for each other under section 2(f) are called
A. Acceptances for different proposals
B. Agreements
C. Reciprocal promises
D. Consideration
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In cases of general offer to public at large
A. Notifying the acceptance to the proposer is necessary
B. The performance of his part of the contract amounts to acceptance
C. The performance of condition as acceptance is not necessary
D. None of the above
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The term 'Contra proferentem' means that
A. An ambiguous term will be construed against the party responsible for its inclusion in the contract
B. Any ambiguity in the definition clause excluding the liability must be interpreted in favour of the party which is in a weak position
C. Any ambiguity in the terms and conditions including the liability must not be interpreted in favour of the party which is not in a strong position
D. Any ambiguity in the terms of contract excluding the liability must be interpreted in favour of the party which is financially weak
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Difference between a contract and social agreement is that of
A. Consideration
B. Intention to create legal relationship
C. Consensus ad idem
D. Certainty of performance
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