Which of the following statement is incorrect?
A. An agreement made without consideration is void irrespective of the circumstances
B. Every agreement in restraint of marriage of any person, other than minor, is void
C. Every agreement by which anyone is restrained from exercising a lawful profession, trade or business of any kind, is to that extent void
D. Agreements, the meaning of which is not certain or capable of being made certain, are void
Select an option to see the answer and solution.
If parties to an agreement are under a mistake as to a matter of fact essential to the agreement:
A. The agreement is void
B. The agreement is voidable at the instance of both the parties
C. The agreement is binding between the parties
D. The agreement is voidable only at the instance of the party making the offer and not at the instance of the party accepting the offer
Select an option to see the answer and solution.
Under Indian law consideration may be:
A. Adequate
B. Something having same value in eyes of law
C. Equivalent to promise
D. Neither A nor B
Select an option to see the answer and solution.
Match
List-I with
List-II and select the correct answer using the given below:
List-I
List-II
a. Proposal
1. Grainger & Son v. Gough
b. Invitation to make an offer
2. Maharashtra Rajya Sahakari Kappas Utpadak Panan Mahasabha Ltd. v. Manga Bhaga Chaudhary
c. Communication of acceptance of offer by acceptor himself
3. Henthorn v. Fraser
d. Revocation of offer
4. Powell v. Lee
A. a-2, b-1, c-4, d-3
B. a-1, b-2, c-4, d-3
C. a-2, b-1, c-3, d-4
D. a-4, b-3, c-1, d-2
Select an option to see the answer and solution.
A sells, by auction, to his daughter, a horse which 'A' knows to be unsound and 'A' says nothing about the horse's unsoundness
A. This a fraud
B. This not a fraud
C. This is misrepresentation
D. None of these
Select an option to see the answer and solution.
An agreement to commit a tort is
A. Void
B. Voidable
C. Valid
D. Unenforceable
Select an option to see the answer and solution.
Which of the following is not a bar to the right to rescind the contract in cases of misrepresentation?
A. Lapse of time
B. Restitutionin Integrumim possible
C. Indemnity
D. Third party acquires rights
Select an option to see the answer and solution.
With the termination of authority of an agent
A. The authority of sub-agent or substituted agent does not come to an end
B. The authority of sub-agent comes to an end but not of substituted agent
C. The authority of sub-agent does not come to an end but that of a substituted agent
D. The authority of sub-agent and substituted agent both comes to an end
Select an option to see the answer and solution.
On approval of tender
A. A concluded contract immediately
B. A concluded contracted contract arises only when an order is placed on the basis of tender
C. The tender is converted into a standing offer
D. Both B and C
Select an option to see the answer and solution.
X, being in debt to Y, the moneylender of his village, contracts a fresh loan on terms which appear to be unconscionable. That the contract was not induced by undue influence is to be proved by:
A. Y
B. X
C. Both X and Y
D. Either X or Y
E. None of the above
Select an option to see the answer and solution.
On the valid performance of the contractual obligations by the parties, the contract
A. Is discharged
B. Becomes enforceable
C. Becomes void
D. None of these
Select an option to see the answer and solution.
Novation amounts to
A. Discharge of contract
B. Formation of consideration
C. Remission
D. Waiver
Select an option to see the answer and solution.
Which one of the following constitutes an offer?
A. Display of goods with price tags in a self-service shop
B. Advertisement announcing a reward of Rs. 5000 to any person who would find the missing dog of the advertiser
C. When a man advertises that he has a stock of books to sell at a flat rate of Rs. 100 per book
D. An auctioneer's announcement that specified goods will be sold by auction on a certain day
Select an option to see the answer and solution.
Quasi contracts are the situations where-
A. Law creates obligations for a non-contracting party
B. Law creates obligations for breach of contract
C. Law creates obligations for continent contracts
D. Law creates obligations for mistakes of fact
Select an option to see the answer and solution.
Acceptance sent through post:
A. Can be revoked at any time
B. Cannot be revoked at all
C. Can be revoked before it comes to the knowledge of the offeror
D. Can be revoked only if it does not reach the offeror
Select an option to see the answer and solution.
Where a promisor has made an offer of performance to the promisee and the offer has not been accepted:
A. The promisor is responsible for non-performance, but he does not lose his rights under the contract
B. The promisor is not responsible for non-performance, nor does he thereby lose his rights under the contract
C. The promisor is not responsible for non-performance, but he loses his rights under the contract
D. The promisor can enforce the performance of the promise
Select an option to see the answer and solution.
An agreement, which is enforceable by law at the option of one or more of the parties thereto, but not at the option of the other or others-
A. Is a valid contract
B. Is an illegal contract
C. Is a voidable contract
D. Is an unenforceable agreement
Select an option to see the answer and solution.
Which one of the following promises is enforceable?
A. A promises to pay Rs. 5000 to B who saved him from drowning
B. A promises to pay Rs. 5000 to his son
C. A promises to donate Rs. 5000 to an officer's club
D. A promises to pay Rs. 5000 as additional fee to his advocate for winning a suit
Select an option to see the answer and solution.
Which of the following is not true in case of wagering agreements?
A. The agreement is void under Section 23 of the Contract Act
B. No suit shall be brought in any court of law on any wager
C. The amount won under a wagering agreement cannot be recovered
D. Any fresh promise to pay money won under a wager is also void
Select an option to see the answer and solution.
Find out the correct answer: The object of allowing damages in the case of breach of contract is
A. To place the plaintiff so far as the money can do it, in the same position with respect to damages as if the contract has been performed
B. To punish the defendant for breach of contract
C. To put the plaintiff in the same position as if the contract has not been made
D. To compensate the actual loss arising from the breach
Select an option to see the answer and solution.