A contract of insurance is what kind of contract?
A. Contract of guarantee
B. Contract of indemnity
C. Contract of surety
D. Contract of bailment
Select an option to see the answer and solution.
Anuj says to Ramesh, "if he would be interested in purchasing his bike for Rs. 10,000?" Ramesh immediately takes Rs. 10,000 to Anuj and says he wants to buy the bike. The result is:
A. A binding contract is formed
B. Only an agreement is formed
C. No contract is formed
D. A voidable contract is formed
Select an option to see the answer and solution.
V' places an order with 'S' for the supply of 20 sewing machines. 'S' could not supply these in time. 'V' loses a profitable contract due to this (a fact that was not communicated to 'S') and claims his loss of profit from 'S'. But 'V' does not succeed as the nature of the damage is:
A. Foreseeable
B. Remote
C. Ordinary
D. Special
Select an option to see the answer and solution.
Indian Contract Act:- 'A' and 'B' make a contract grounded on the erroneous belief that a particular debt is barred by the Indian Law of Limitation?
A. The contract is voidable
B. The contract is not voidable
C. The contract is void
D. The contract is void because both parties are under mistake
Select an option to see the answer and solution.
A sub-agent is responsible to the principal on which of the following grounds
A. Fraud or Negligence
B. Negligence or Deceit
C. Wilful wrong or Fraud
D. Wilful wrong or Negligence
Select an option to see the answer and solution.
X, a publisher of a newspaper, agrees to publish at Y's request a defamatory article in respect of Z as Y agrees to indemnify X against the consequences of the publication. In a Suit by Z, X has to pay damages and incur expenses. Which one of the following is the correct statement regarding the liability of Y?
A. Y is liable to indemnify X on the contract of indemnity
B. Y is not liable as the act was criminal
C. Y is liable as a joint tort feaser and thus must pay half of the damages and costs
D. Y is liable as a principal
Select an option to see the answer and solution.
A' contracts to pay 'B' a sum of money when 'B' marries 'C'. This is a type of:
A. Contingent Contract
B. Vested Contract
C. Illegal Contract
D. Voidable Contract
Select an option to see the answer and solution.
In a contract of guarantee under Indian Contract Act, 1872, the person for whom the guarantee is given is called
A. Surety
B. Principal Debtor
C. Creditor
D. None of the above
Select an option to see the answer and solution.
Consent will be said to be free, when it is not caused by coercion, undue influence, fraud, misrepresentation and mistake. The term 'free consent' has been defined in which Section of the Contract Act?
A. Section 14
B. Section 15
C. Section 16
D. Section 17
Select an option to see the answer and solution.
A is surety for B for a loan of Rs. One lac which B defaulted. A is liable for
A. Rs. One lac
B. Not liable
C. Liable to recover it from B and to pay to crealce
D. None of the above
Select an option to see the answer and solution.
A employs B to recover Rs. 1,000 from C through B's misconduct the money is not recovered B is:
A. Entitled to no remuneration and must make good the loss
B. Neither entitled to remuneration not liable to make good the loss
C. Entitled to commission from C
D. None of the above
Select an option to see the answer and solution.
A guarantee which extends to a series of transactions under section 129 is called
A. An absolute guarantee
B. A continuing guarantee
C. An invalid guarantee
D. A conditional guarantee
Select an option to see the answer and solution.
Which statement is wrong regarding "agency" under the Indian law of contract?
A. Principal should be competent to contract
B. The authority of agent may be expressed or implied
C. Consideration is necessary to create an agency
D. Guardian of a minor can appoint an agent for him
Select an option to see the answer and solution.
In case of Breach of Contract, the principles for assessment of damages are given in:
A. Hyde v. Wrench
B. Hadley v. Baxandale
C. Scotf v. Jodine
D. Carlil v. Carbolic Smoke Ball Co.
Select an option to see the answer and solution.
Which one is the famous case related with the general offer?
A. Lalman Shukla v. Gauri Dutt
B. Mohori Bibee v. Dharmodas Ghose
C. Carlill v. Carbolic Smoke Ball Co.
D. MacPherson v. Appanna
Select an option to see the answer and solution.
The principle "Restitution stops where repayment begins" can be applied against
A. An alien enemy only
B. Any incapable person
C. Lunatics and idiots only
D. Minors only
Select an option to see the answer and solution.
Which of the following is correct
A. Agency stands terminated by the destruction of subject matter of agency
B. Agency stands terminated by happening of an event rendering the object of the agency unlawful
C. Agency stands terminated by the frustration of the objects of agency due to impossibility
D. None of the above
Select an option to see the answer and solution.
Assertion (A): Marriage brokerage contract is valid.
Reason (R): Marriage brokerage contract is opposed to public policy.
A. Both A and R are true and R is the correct explanation of A
B. Both A and R are true but R is not the correct explanation of A
C. A is true but R is false
D. A is false but R is true
Select an option to see the answer and solution.
What is the position of a contract when it is being caused by mistake of law?
A. Voidable
B. Not voidable
C. Void
D. Illegal
Select an option to see the answer and solution.
Contract without consideration is void subject to the following exception
A. If it is between two brothers
B. If it is between father and son
C. If it is between husband and wife
D. If it is between by way of love and affection
Select an option to see the answer and solution.