The interpretation clause of the Indian Contract Act 1872 has been provided in
A. Section 1
B. Section 2
C. Section 3
D. None of the above
Select an option to see the answer and solution.
Section 128 of the Indian Contract Act, 1872 is related with
A. Surety's liability
B. Continuing guarantee
C. Revocation of continuing guarantee
D. Consideration for guarantee
Select an option to see the answer and solution.
Consider the following statements:
The liability of the infant for necessaries supplied to him is:
(1) contractual and can be enforced against him.
(2) quasi-contractual and the rule is embodied in Section 68 of the Indian Contract Act.
(3) limited only to the property of the infant, if any.
Which of the statements given above are correct?
A. (1) and (2)
B. (2) and (3)
C. (1) and (3)
D. Only (2)
Select an option to see the answer and solution.
A, a cultivator of green tea, agrees with B that he would not grow tea for a period of five years in consideration of which B agrees to pay him Rs. 25,000
A. The agreement is valid
B. The agreement is valid as the consideration is adequate
C. The agreement is void as it is in restraint of trade
D. The agreement is voidable at the option of A
Select an option to see the answer and solution.
Contract can be entered between
A. Juristic persons
B. Natural Person
C. Both A and B
D. Neither A and B
Select an option to see the answer and solution.
The pawnee has no right to retain the goods
A. For payment of necessary expenses in respect of goods pledged
B. For payment of extraordinary expenses incurred in the preservation of goods
C. For payment of debt or interest in respect of goods pledged
D. None of the above
Select an option to see the answer and solution.
A supplied to B, a minor, provisions such as wheat flour, rice and other food stuffs.
A. Since a minor's contract is void, A cannot recover the price of the provisions from B
B. A can recover the price from B as there is an agreement between A and B
C. A is not entitled to recover the money as he voluntarily supplied the provisions knowing that B was a minor
D. Since the provisions supplied constituted necessaries, A can recover the money
Select an option to see the answer and solution.
Match
List I with
List II and select the correct answer by using the given below the lists:
List-I
List-II
a. Undue influence
1. Contracts uberrima fides
b. Fraud
2. Fiduciary relation
c. Misrepresentation
3. Unlawfully detaining of property
d. Coercion
4. Positive assertion not warranted by the information of the person making it
A. a-2, b-1, c-4, d-3
B. a-1, b-2, c-3, d-4
C. a-3, b-1, c-1, d-4
D. a-2, b-3, c-4, d-1
Select an option to see the answer and solution.
A knows that his horse had a damaged hoof which he filled up in such a way as to defy defect and sold it to B. This defect was subsequently discovered by B. The act of A will amount to-
A. A false suggestion
B. Active concealment of fact
C. Misrepresentation
D. Mistake
Select an option to see the answer and solution.
Consideration means:-
A. Must have some value in the eyes of law
B. Must be real
C. Must not be illusory
D. All are correct
Select an option to see the answer and solution.
A contingent contract based on the specified uncertain events not happening within a fixed time under section 35
A. Remains valid even if the event does not happen within that fixed time
B. Becomes void at the expiration of the time fixed
C. Becomes void if the happening of that event becomes impossible before the expiry of time fixed
D. Both B and C
Select an option to see the answer and solution.
Which one of the following is prescribed by the maxim ex nudo pacto non oritur actio?
A. Doctrine of privity of contract
B. Doctrine of consideration
C. Doctrine of implied term
D. None of the above
Select an option to see the answer and solution.
The manner of revocation of a proposal has been provided under the Indian Contract Act, 1872 in
A. Section 4
B. Section 5
C. Section 6
D. Section 7
Select an option to see the answer and solution.
Bailment is defined in
A. Section 138 of the Indian Contract Act, 1872
B. Section 140 of the Indian Contract Act, 1872
C. Section 148 of the Indian Contract Act, 1872
D. Section 150 of the Indian Contract Act, 1872
Select an option to see the answer and solution.
A person rightfully rescinding a contract is:
A. Entitled to claim damages
B. Not entitled to claim damages
C. Entitled to sue for wrongful repudiation of the contract
D. Both A and C
Select an option to see the answer and solution.
A' and 'B' go into a shop. 'B' says to the shopkeeper "let 'A' have the goods. I will see that you are paid." This is a contract of
A. Guarantee
B. Bailment
C. Indemnity
D. Pledge
Select an option to see the answer and solution.
Substituted agent is liable to the principal
A. Only in case of fraud & wilful default
B. Irrespective of fraud & wilful default, in all cases
C. Alongwith the agent
D. Both A and C
Select an option to see the answer and solution.
What comes first in a valid contract is
A. Enforceability
B. Money
C. Force
D. None of the above
Select an option to see the answer and solution.
Competency to contract relates to
A. Age of the parties
B. Soundness of mind of the parties
C. Both age & soundness of mind
D. Intelligence of the parties
Select an option to see the answer and solution.
On payment or performance of the liability the surety
A. Is invested with all the rights the creditor had against the principal debtor
B. Is entitled to the every security which the creditor has against the principal debtor
C. Is entitled to be indemnified by the principal debtor
D. All the above
Select an option to see the answer and solution.