Which of the following act does not constitute fraud under the Indian Contract Act, 1872?
A. The suggestion, as a fact, of that which is not true, by one who does not believe it to be true
B. The active concealment of a fact by one having knowledge or belief of the fact
C. Where a person stands in a fiduciary relation with the other and induces the other person to act on his directions
D. A promise made without any intention of performing it
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When a surety to a bond dies before, the bond is forfeited. The liability in respect of bond:
A. Shall not be discharged
B. Shall be discharged
C. Court has discretion to remit any portion
D. There is no provision
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Section 73 of the Indian Contract Act incorporates rules from which of the following cases?
A. East Ham B. C. v. Bernard Sunley & Sons Ltd.
B. Shearson Lehman Button Inc v. Maclaine Watson & Co. Ltd.
C. Hadley v. Baxendale
D. Fish v. Kempton
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What is an agreement to discover a treasure by magic?
A. Valid contract as it is voluntarily concluded
B. Void contract as it is impossible of performance
C. Voidable contract as it amounts to misrepresentation
D. Unenforceable contract as it is against notions of public policy
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In cases of acceptance on phone, the contract is made
A. At the place from where the acceptance is made
B. At the place where the acceptance is communicated
C. At the place where the offer was made
D. All the above
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The consideration or object of an agreement is lawful, unless:
A. It is forbidden by law
B. It is of such a nature that, if permitted, would defeat the provisions of any law
C. Involves or implies injury to the person or property of another
D. All of the above
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Parties by their consent/agreement-
A. Can confer jurisdiction on a court where there is none in law
B. Can oust the jurisdiction of a court when there is one in law
C. Can oust the jurisdiction of one of the courts when there are two courts having simultaneous jurisdiction in law
D. All of the above
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When consent to an agreement is caused by coercion, fraud or misrepresentation:
A. The agreement is not a contract
B. The agreement is a contract voidable at the option of the party whose consent was so caused
C. The agreement is a contract voidable at the option of either party
D. The agreement is a binding contract between the parties
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The preamble of Indian Contract Act, 1872 states
A. Whereas it is expedient to define and amend certain parts of the law relating to contracts; . . . . . . . .
B. Whereas it is expedient to define certain parts of the law relating to contract; . . . . . . . .
C. Whereas it is expedient to define and amend the law relating to contract; . . . . . . . .
D. Whereas it is expedient to amend certain parts of the law relating to contract; . . . . . . . .
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A void agreement is void ab intio but a void contract is not void ab intio.
A. True
B. False
C. Parlty True
D. Parlty False
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A takes an insurance policy on his life making a false statement about his health and does not disclose the fact that he has been treated for a serious illness. In this case, which of the following statements is correct?
A. The contract is void
B. The contract is unenforceable
C. Contract is voidable
D. The contract is unlawful
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In which of the following cases, the Supreme Court held that the time was essence of contract?
A. A. K. Lakshmipathi v. R. S. Pannalal, AIR 2010 SC 577
B. Ceilena v. Ulhas, AIR 2010 SC 603
C. Khanapuram v. Adm. Officer, AIR 2010 SC 615
D. H.D.F.C. Bank Ltd. v. J. J. Mannan, AIR 2010 SC 618
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A Guru (Spiritual Advisor) induced the Chela (his devotee) to gift him the whole of his property to secure benefit to his soul in the next world. The gift shall be:
A. Void
B. Voidable
C. Valid
D. immoral
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A contract which ceases to be enforceable by law becomes void
A. When it ceases to be enforceable
B. Before it ceases to be enforceable
C. No such condition necessary
D. None of above
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An agreement by a bailee purportive to exempt him wholly from liability for negligence is
A. Valid
B. Invalid
C. Voidable
D. Void
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Displaying of goods in the Shopping Mall is
A. An offer
B. Invitation to offer
C. Acceptance
D. Neither an offer nor an invitation to offer
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Where a party to a contract has real or apparent authority over the other the consent given by that other to the contract may be vitiated because it is influenced by
A. Coercion
B. Mistake
C. Undue influence
D. Consent not vitiated
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Which one of the following is not provided in Sections 4 and 5 of the Contract Act?
A. Communication of offer
B. Communication of acceptance
C. Revocation of proposal and acceptance
D. Revocation of contract
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L' is sent to search for G's nephew in the meantime 'G' by advertisement offers a reward of Rs. 501 to anyone who finds has nephew. 'L' traces the boy and subsequently knowing about the reward claims it. To the reward L is:
A. Entitled
B. Not entitled as the offer is general
C. Not entitled as the consideration is inadequate
D. Is not entitled as the offer was not communicated to him
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Is it an absolute proposition of law that in a contractual relationship of a principal and an agent, a principal is always bound by the acts of the agent, and an agent takes no rights or incurs no personal liability under a contract entered into by him as an agent of the principal with the third person?
A. No. An agent is personally and jointly and severally liable in all contracts
B. No. An agent will be personally liable only when he does not disclose the name of his principal or when the name is disclosed but the principal cannot be sued for reasons provided in law
C. No. An Agent will be personally liable if the principal has expired in view of the Legal Representation Act
D. None of the above
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