Under the Contract Act, the consideration or object of an agreement is lawful, unless:
A. It is forbidden by law
B. It is impracticable
C. It is impossible
D. All of these
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In which case it was held that if arbitrator acts in disregard of the contract and without jurisdiction then he commits legal misconduct
A. Beed District Central Co-operative Bank Ltd. v. State of Maharashtra (2006)
B. Food Corporation of India v. Chandu Construction (2007)
C. Gurpreet Singh v. Union of India (2005)
D. Saurabh Prasad v. DLF Universal Ltd. (2004)
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Which of the following cases is related to cross offer?
A. Adams v. Lindsell
B. Tinn v. Hoffmann & Co.
C. Household Fire & Accident Insurance Co. v. Grant
D. Dunlop v. Higgins
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Law of contract primarily
A. Specifies the circumstances in which promises are binding on the parties to the contract
B. Lays down certain norms by which the parties are bound
C. Lays down the circumstances under which a promise may be made
D. All the above
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Claim for necessaries of life supplied to a lunatic under Section 68 of Indian Contract Act, can be enforced against:
A. The lunatic personally when he ceases to be lunatic
B. The relative of lunatic
C. The guardian of lunatic
D. The lunatic's property or estate
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Assertion (A): The liability of the surety is coextensive with that of the principal debtor unless it is otherwise provided by the contract.
Reason (R): Any variance, made without the surety's consent, in the terms of the contract between the principal debtor and the creditor, discharges the surety as to transactions subsequent to variance.
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
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Match
List-I with
List-II:
List-I
Lis-II
a. A right which although, recognised by law, is not enforceable
1. Proprietary Right
b. A person's right in relation to his property
2. Personal Right
c. A person's right relating to status and that arising out of contract
3. Imperfect Right
d. A right which does not create an immediate interest
4. Contingent Right
A. a-1, b-2, c-3, d-4
B. a-3, b-1, c-2, d-4
C. a-2, b-3, c-4, d-1
D. a-4, b-2, c-1, d-3
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The provisions of Indian Contract Act override
A. The provisions of Hindu law
B. The provisions of Mohammedan law
C. Usage or customs of trade
D. All of the above
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A consigns goods to B for sale and gives him instructions not to sell under a fixed price. C, being ignorant of instructions, given to B, enters into a contract with B to buy the goods at a price lower than the reserved price-
A. A is not bound by that contract
B. A is bound by that contract
C. A has the right to honour the contract
D. The contract is void for A
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A proposal cannot be revoked:
A. By failure of the acceptor to fulfil a condition precedent to acceptance
B. By lapse of the time prescribed in the proposal for its acceptance
C. By insanity of the proposer, if the fact of insanity comes to the knowledge of the acceptor before acceptance
D. After the communication of its acceptance is complete
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Agreement, the meaning of which is not certain or not capable of certainty, is
A. Voidable
B. Illegal
C. Enforceable
D. Void
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An agreement in restraint of the marriage of any person other than a minor is:
A. Void
B. Voidable
C. A contingent agreement
D. None of the above
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A tells B that he will pay him Rs. 1,000 when he turns 30. Is this a contingent contract?
A. Yes. The payment is contingent upon the occurrence of an event.
B. Yes. When B turns 30, A will pay him Rs. 1,000.
C. No. There is no consideration.
D. No. B definitely will tum 30. There is no possibility of the event not happening. This is not a contingent contract.
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Where persons reciprocally promise, firstly to do certain things which are legal and secondly, under specified circumstances, to do certain oth hings which are illegal the
A. First set of promise is a contract, but the second is a void agreement
B. First set of promise is voidable but the second set is a void agreement
C. Entire set of promises is void
D. Entire set of promises is valid
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A continuing guarantee under Section 130 is
A. Irrrevocable absolutely
B. Revocable as regards future transaction
C. Revocable absolutely
D. Either A or B
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Which contract is void ab initio?
A. A contracts to let her daughter on hire to B for concubinage
B. While entering into contract to see a cow, a disclosed B that the cow gives five liters milk in a day whereas it gives four liters in a day
C. At the time of contract of selling a car, A told B that mileage of the car is 20 km per litre whereas its mileage is 18 km per litre
D. At the time of contract, A told B that the area of his house is 1400 sq. feet but on measurement the area of the house is found 1398 sq. feet
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A person appointed by an agent under the authority of Principal is known as:
A. Sub Agent
B. Substituted Agent
C. Mercantile Agent
D. Special Agent
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When the consent is caused by misrepresentation, the contract under section 19 is
A. Valid
B. Void
C. Voidable
D. Illegal
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Consider the following statements and give correct answer with the help of given below:
The case of Mohori Bibee v. Dharmodas Ghose:
(1) has laid down that a minor's contract becomes valid when he attains majority.
(2) is the decision of the Supreme Court of India regarding minor's contract.
(3) is the decision of Privy Council regarding voidness of minor's contract.
(4) has laid down that contract without consideration is void.
A. (3) and (4) are correct, but (1) and (2) are incorrect
B. (1) and (2) are correct, but (3) and (4) are incorrect
C. (3) is correct, but (1), (2) and (4) are incorrect
D. (2) and (4) are correct, but (1) and (4) are incorrect
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In case of fraud & wilful wrong by the subagent
A. The sub-agent is directly liable to the agent
B. The sub-agent & the agent both are liable to the principal
C. The agent alone is liable to the principal
D. Both A and B
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