A contracts with B to pay him a large sum of money when he marries C. B married D instead. He now asks for the money. Is the contract now void?
A. The contract is void as B has married someone else
B. The contract is void as it restrains B's choice in marriage
C. The contract is still valid as B may still marry C at some point in future, and would then become eligible for money
D. The contract is valid and enforceable now as it depends on B marrying and not who he marries
Select an option to see the answer and solution.
What is committing or threatening to commit any act forbidden by the IPC, or the unlawful detaining or threatening to detain any property to the prejudice of any person with the intention of causing any person to enter into an agreement called?
A. Undue influence
B. Fraud
C. Coercion
D. Intimidation
Select an option to see the answer and solution.
A contract can be specifically enforced:
A. Where compensation is adequate relief for the non-performance of the contract
B. Where the contract by its nature is determinable
C. Where it involves the performance of continuous duty which the court cannot supervise
D. None of the above
Select an option to see the answer and solution.
Ratification takes effect
A. Prospectively
B. Retrospectively
C. Prospectively or retrospectively depending on the facts & circumstances of case
D. Prospectively or retrospectively depending on the agreement between the parties
Select an option to see the answer and solution.
Indian Contract Act:- An agreement to remain unmarried is-
A. Valid
B. Void
C. Voidable
D. Unenforceable
Select an option to see the answer and solution.
An agreement of wager is-
A. Voidable
B. Unlawful
C. Void
D. Void and unlawful
Select an option to see the answer and solution.
In order to convert a proposal into a promise
A. The acceptance of proposal must be absolute and unqualified
B. The acceptance of proposal may be varied
C. The acceptance of proposal may be conditional
D. The acceptance of proposal may be absolute, varied or conditional
Select an option to see the answer and solution.
A supports B's infant son. B promise to pay A's expenses in so doing.
A. This is not a contract
B. This is a contract
C. Either A or B
D. None of these
Select an option to see the answer and solution.
In case of a gratuituous bailment, the bailee is
A. Entitled to necessary expenses incurred by him for the purposes of bailment
B. Not entitled to any expenses
C. Entitled to necessary expenses and additional changes
D. Either B or C
Select an option to see the answer and solution.
Consider the following statements:
1. An agreement in writing based on natural love and affection between near relatives is enforceable without consideration.
2. An agreement to which consent of the promisor is freely given is not void merely because the consideration is inadequate.
Which of the statements given above is/are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
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, is a
A. Valid contract
B. Unenforceable contract
C. Voidable contract
D. Quasi contract
Select an option to see the answer and solution.
When the consent of a party to a contract is caused by coercion, the contract is:
A. Voidable at the option of the party whose consent is so caused
B. Voidable at the option of either party
C. Void
D. Illegal
Select an option to see the answer and solution.
Drawing cash form ATM, sale by fall of hammer at an auction sale, etc., are example of
A. Express Contract
B. Implied Contract
C. Tacit Contract
D. Unlawful Contract
Select an option to see the answer and solution.
Under Indian Contract Act, where both parties are under mistake as to matter of fact, the agreement is
A. Void
B. Valid
C. Voidable
D. Illegal
Select an option to see the answer and solution.
When a minor is supplied with necessaries of life, the supplier:
A. Cannot recover the price
B. Can recover the price
C. Can recover the price from the property of minor
D. Can file a criminal case
Select an option to see the answer and solution.
A', a businessman, leaves goods at 'B's house by mistake. 'B' treats the goods as his. Is 'B' liable to pay?
A. No, 'B' is not liable to pay
B. Yes, 'B' is liable to pay
C. B' has an option to pay
D. B' may partly pay
Select an option to see the answer and solution.
Under the Indian Contract Act, 1872, in which of the following cases, the presumption of agents personal liability does not arise?
A. Where an agent contracts for "a merchant resident abroad"
B. Where the agent does not disclose the name of his principal
C. Where the principal, though disclosed, cannot be sued
D. Where the agent contracts with a party who knows that the principal is a minor
Select an option to see the answer and solution.
What is contract of indemnity:
A. A contract by which one party promises to save any third party from loss caused to that party by the contract of the promisor himself, or by the conduct of any other person
B. A contract by which one party promises to provide insurance to the other in order to cover up any losses that may arise in the contract
C. A contract by which one party promises to save the other from loss caused to him by the contract of the promisor himself, or by the conduct of any other person
D. A contract in which one party appoints a guarantor to cover up any losses that may arise in the contract
Select an option to see the answer and solution.
Consider the following statements with regard to "uberrimae feidei" and find out which of them is correct.
1. It falls within a class of cases which require utmost good faith
2. Every contract is a contract uberrimae feidei
3. A contract of insurance is an example of uberrimae feidei
A. 1, 2 and 3
B. 1 and 3 only
C. 2 and 3 only
D. 1 and 2 only
Select an option to see the answer and solution.
A without authority of B lends money of B to C. Afterwards, B accepts interest on money from C. What does B's conduct lead to?
A. Agency by necessity
B. Agency by holding out
C. Agency by estoppel
D. Agency by ratification
Select an option to see the answer and solution.