Which statement is incorrect?
A. A proposal is revoked by communication of notice of revocation
B. A proposal is revoked by the lapse of time prescribed in the proposal
C. A proposal is revoked if the acceptor does not act on the proposal
D. A proposal is revoked by the death of the proposer
Select an option to see the answer and solution.
Under Indian Contract Act, 1872, A promises B to drop a prosecution which he has instituted against B for robbery, and B promises to restore the value of the things taken. The agreement is
A. Valid
B. Invalid
C. Void
D. Voidable
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
Lis-II
a. Counter-Proposal
1. A. K. A. S. Jamal v. Maola Dawood
b. Damages for breach
2. Hindustan Co-op. Insurance Societies v. Shyam Sunder
c. Acceptance by conduct
3. Hyde v. Wrench
d. Commercial Hardship
4. Ganga Saran v. Ram Charan Ram Gopal
A. a-2, b-1, c-4, d-3
B. a-3, b-4, c-2, d-1
C. a-1, b-3, c-4, d-2
D. a-3, b-1, c-2, d-4
Select an option to see the answer and solution.
Read Assertion (A) and Reason (R) and answer using the given below:
Assertion (A): A contract is a property in the nature of a promise supported by some consideration upon which either the remedy of specific performance or that of damages is available.
Reason (R): Above principle is laid down in Sunrise Associates v. Govt. of NCT of Delhi?
A. Both (A) and (R) are correct
B. Both (A) and (R) are incorrect
C. (A) is correct, but (R) is incorrect
D. (R) is correct, but (A) is incorrect
Select an option to see the answer and solution.
Under Indian Contract Act, which of the following contracts is not a valid contract?
A. By a written registered document A promises to give Rs. 5000 to B for natural love and affection
B. By an oral agreement B agrees to pay time barred debt of A
C. A went on a pilgrimage, B paid his electricity bills A agrees to pay back the amount paid by B to him
D. A supports B's infant son, B promises to pay A's expenses in so doing
Select an option to see the answer and solution.
The liability of bailee, as regards the goods is equivalent to that of
A. Of a common carrier
B. An innkeeper
C. Both of common carrier and innkeeper
D. Neither of common carrier nor innkeeper
Select an option to see the answer and solution.
Section 74 applies to
A. Cases where the aggrieved party is seeking to recover a fixed amount on breach of contract
B. Cases where an amount received under the contract is sought to be forfeited
C. Both A and B
D. Cases where in consequence of breach no legal injury at all has resulted
Select an option to see the answer and solution.
Which of the following deals with agreements by way of wager, void in the Indian Contract Act, 1872?
A. Section 22
B. Section 30
C. Section 19
D. Section 20
Select an option to see the answer and solution.
A sells his property worth Rs. one crore to B for Rupees one lac. Is the contract enforceable?
A. Not enforceable
B. Not enforceable because the consideration is illusory
C. Contract is not enforceable because A might be unduly influenced
D. Contract is enforceable
Select an option to see the answer and solution.
Inadequacy of consideration does not make the contract
A. Void
B. Voidable
C. Unenforceable
D. Neither void nor voidable
Select an option to see the answer and solution.
Which of the following statements is correct?
A. Contract with minor is valid
B. Rule of estoppel apply to minor
C. Contract with minor can be ratified on attaining majority
D. A minor can be agent
Select an option to see the answer and solution.
What kind of damages can be granted under the Indian Contract Act, 1872:
A. Exemplary damages
B. Compensatory damages
C. Statutory damages
D. Nominal damages
Select an option to see the answer and solution.
A promisor can perform
A. The promise himself
B. The promise through his representative competent to perform
C. The promise through his representative irrespective of the competency of that representative
D. Both A and B
Select an option to see the answer and solution.
Bank Guarantee is an independent contract between:
A. Creditor and Debtor
B. Buyer and Seller
C. Bank and Beneficiary
D. None of the above
Select an option to see the answer and solution.
A', intending to deceive 'B' falsely represents that five hundred tonnes of indigo are made annually at A's factory, and thereby induces 'B' to buy the factory. The contract is:-
A. Void
B. Voidable at B's option
C. Voidable at A's option
D. Unlawful
Select an option to see the answer and solution.
A person who finds good belonging to another, and takes them into his custody, is subject to the same responsibility as a/an:
A. Mortgage
B. Bailee
C. Bailor
D. Owner
Select an option to see the answer and solution.
Almost all insurances other than insurances are contracts of indemnity
A. Life & personal accident
B. Marine & general
C. Fire & life
D. None of the above
Select an option to see the answer and solution.
Who can demand performance of the promise:
A. Promisee
B. Promisor
C. Stranger
D. All of these
Select an option to see the answer and solution.
Which of the following agreement(s) is/are void?
1. Agreement without consideration.
2. Agreement in restraint of legal proceedings.
3. Agreement affected by fraud.
Select the correct answer using the given below:
A. 3 only
B. 2 only
C. 1, 2 and 3
D. 1 and 2
Select an option to see the answer and solution.
X enters into a contract with Y, for which Y is guilty of fraud. X can:
A. Set aside the contract but cannot recover damages
B. Only recover damages
C. Set aside the contract and can recover damages also
D. None of the above
Select an option to see the answer and solution.