"A contract is a contract between the parties to the contract. A third party is a stranger to the contract even if it is avowedly made for his benefit." This is known as
A. Principle of estoppels
B. Nullity of contract
C. Constructive contract
D. Privity of contract
Select an option to see the answer and solution.
What is the obligation of a person who has received advantage under void agreement:
A. He can retain the advantage received with the prior approval of the person from whom he received it
B. He can retain the advantage received without any prior permission from anyone
C. He is bound to restore it or make compensation for it to the person from whom he received it
D. He is bound to restore it or make compensation for it only when a Court order is passed in this behalf
Select an option to see the answer and solution.
Duty to mitigate damages on the part of injured party arises:
A. In cases of breach at the time fixed for performance of the contract
B. In cases of anticipatory breach
C. Both A and B
D. Either A or B
Select an option to see the answer and solution.
M agrees to pay N 10,000 rupees if two parallel lines should enclose a space. The agreement is:
A. Voidable at the instance of Promisee
B. Void because of uncertainty and ambiguity
C. Void because of future event
D. Void because of impossible event
E. None of the above
Select an option to see the answer and solution.
An agreement with minor is void, hence:
A. Minor is never allowed to enforce such agreement
B. Minor is allowed to enforce such agreement, if it was made for his benefit
C. Minor is always allowed to enforce such agreement
D. Minor is allowed to enforce such contract when other party makes no objection
E. None of these
Select an option to see the answer and solution.
A contract by post is concluded at the place
A. From where the offer had been made
B. From where the acceptance had been posted
C. Where the acceptance had been received
D. Where the goods are to be delivered
Select an option to see the answer and solution.
Under Indian Contract Act, 1872, an agency shall stand terminated in the below mentioned case:
A. Death or insolvency of principal
B. Death or insolvency of agent
C. Death or insolvency of both the agent and the principal
D. Death or insolvency of either the agent or the principal
Select an option to see the answer and solution.
An Offer must be
A. General
B. Specific
C. Incapable of Communication
D. Possible
Select an option to see the answer and solution.
X entrust Y with negotiable instruments endorsed in blank. Y sells them to Z is violation of private orders from X. The sale is-
A. Void
B. Valid
C. Voidable at the option of Y
D. Voidable at the option of Z
Select an option to see the answer and solution.
A wife has an implied authority of the husband to buy articles of household necessity
A. If the wife is living with her husband
B. If the wife is living separately
C. If the wife is living with her husband not in a domestic establishment
D. If the wife gets a reasonable allowance from the husband for her needs
Select an option to see the answer and solution.
Rescission of the Contract means
A. The renewal of original contract
B. Cancellation of contract
C. Alteration of contract
D. Substitution of new contract in place of earlier one
Select an option to see the answer and solution.
Contract cannot be said to be void on ground of
A. Over consideration
B. Inadequacy of consideration
C. Over consideration or inadequacy of consideration
D. Neither A nor B
Select an option to see the answer and solution.
In case the promisee prescribes the manner and time of performance of promise
A. The performance must be in the manner and at the time prescribed
B. The performance can be in a different manner but at the time prescribed
C. The performance can be in the manner prescribed but at a time beyond the time prescribed
D. The performance need not be in the manner and time prescribed
Select an option to see the answer and solution.
An agreement in restraint of trade is:
A. Valid
B. Void
C. Void to the extent of such restrain
D. Voidable
Select an option to see the answer and solution.
Match the following:
a. Mc Gregor v. Mc Gregor
1. General Proposal
b. Weeks v. Tybald
2. Intention to contract
c. Henderson v. Stevenson
3. Consideration
d. Currie v. Misa
4. Reasonable notice
A. a-2, b-3, c-1, d-4
B. a-2, b-1, c-4, d-3
C. a-4, b-3, c-2, d-1
D. a-4, b-2, c-3, d-1
Select an option to see the answer and solution.
Which one of the following is necessary for a contract?
A. Offer
B. Immovable Property
C. Movable Property
D. None of the above
Select an option to see the answer and solution.
Where the debtor has omitted to intimate, and there are no other circumstances indicating to which debt the payment is to be applied:
A. The creditor may apply it at his discretion to any lawful debt actually due and payable to him from the debtor, provided its recovery is not barred by the law
B. It is to be applied in discharge of the debts in order of time
C. It is to be applied in discharge of the debts in order of time provided they are not barred by the law of limitation
D. The creditor may apply it at his discretion to any lawful debt actually due and payable to him from the debtor, whether its recovery is or is not barred by the law in force for the time being as to the limitation of suits
Select an option to see the answer and solution.
Which one of the following statements with regard to contract is not correct?
A. Performance of the conditions of a proposal, or the acceptance of any consideration for a reciprocal promise which may be offered with a proposal, is an acceptance of the proposal
B. An agreement made without consideration can be enforced by law as contract if it is in writing between parties standing in near relationship and is made on account of natural love and affection
C. Every agreement in restraint of the marriage of any person, other than a minor, is void
D. An acceptance may be revoked at any time before the communication of the acceptance is complete as against the acceptor, but not afterwards
Select an option to see the answer and solution.
A calls up B and asks "Will you sell me your house? SMS me the lowest cash price." B's reply by SMS was "Lowest cash price for my house is rupees 1 crore." A, immediately sent another SMS to B stating "I agree to buy your house for rupees 1 crore, as asked by you." B did not respond and subsequently sold the house to C. B's SMS to A was"
A. An offer
B. An acceptance
C. An invitation to receive offer
D. None of the above
Select an option to see the answer and solution.
'A' promises to make a sculpture for 'B'
A. 'A' must perform this promise personally
B. A's son can perform the promise
C. A's servant can perform the promise
D. A's employer can perform the promise
Select an option to see the answer and solution.