Following are some of the exceptions under which third parties, which are strangers to the contract, can bring law suit to enforce their rights arising out of a contract
A. 1, 2, 3, 4
B. 2, 3, 4
C. 1, 2, 3
D. 1, 3, 4
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Which one of the following statements is correct?
A. When both the parties are frustrated
B. When either of the parties is frustrated
C. When the object has failed
D. When there is commercial hardship
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The law relating to tender of performance is contained in:
A. Section 37 of the Indian Contract Act, 1872
B. Section 38 of the Indian Contract Act, 1872
C. Section 36 of the Indian Contract Act, 1872
D. Section 35 of the Indian Contract Act, 1872
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An agreement to keep the offer open for a certain period of time cannot be cancelled before the expiry of that time period if
A. It is made with lawful objective
B. It has sufficient consideration
C. It is provisionally accepted
D. It has been accepted with a condition subsequent
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A variance to the contract without surety's consent discharges him as to subsequent transactions between principal debtor and the creditor.
A. False
B. True
C. Court has discretion to decide
D. None of the above
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A' fraudulently informs 'B' that 'A's house is free from encumbrance. 'B' thereupon buys the house. The house is subject to mortgage. The contract is:
A. Voidable at the option of 'B'
B. Void
C. Voidable at the option of either 'A' or 'B'
D. Impossible to perform
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A contract without consideration is void. There are exceptions of it. Which one of the following exceptions is correct?
A. Nearness of relationship
B. Natural love and affection
C. Promise to pay time-barred debt
D. To create an agency
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Which one of the following is not essential for a contract?
A. Consideration
B. Valuable consideration
C. Lawful consideration
D. Adequate consideration
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A' contracts to pay 'B' a sum of Rs. 10,000 when 'B' marries 'C'. This is a type of . . . . . . . . under Indian Contract Act, 1872.
A. Contingent contract
B. Vested contract
C. Illegal contract
D. Voidable contract
E. None of these
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In case of breach of contract, the party who suffers by such breach is not entitled to receive, from the party causing such breach, which of the following compensations for any loss or damage caused to him thereby:
A. That arose naturally in the usual course of the things from such breach
B. That the parties knew when they made the contract, to be likely to result from the breach of it
C. That were too remote and indirect
D. All of the above
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An alternative promise, one branch of which is legal and the other is illegal
A. Whole alternative promise can be enforced
B. Whole alternative promise can not be enforced
C. Only legal branch of alternative promise can be enforced
D. None of these
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Contract is said to have 3 essentials, which one among the following is not an essential element in the formation of contract:
A. Offer
B. Acceptance
C. Consideration
D. Promise
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Where no application is made and no time is specified for performance of promise, there the agreement be performed within-
A. Three years
B. Two years
C. One year
D. Reasonable time
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Offer' or 'Proposal' is defined in Indian Contract Act in
A. Section 2(a)
B. Section 2(b)
C. Section 2(d)
D. Section 2(e)
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Point out the mismatched pair with reference to Indian Contract Act 1872:
A. Agreements void for uncertainty ⇔ Section 29
B. Agreement in restraint of legal proceedings ⇔ Section 28
C. Agreement in restraint of marriage ⇔ Section 27
D. Agreement by way of wager ⇔ Section 30
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. . . . . . . . is made by words spoken.
A. Express Contract
B. Implied Contract
C. Tacit Contract
D. Unlawful Contract
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Match
List I with
List II and select the correct answers using the from the list given below:
List-I List-II
a. Breach of Contract
1. Impossible to Perform
b. Revocation of Offer
2. Same thing in the same sense
c. Consent
3. Compensation
d. Frustration
4. Lapse of stipulated time
A. a-1, b-3, c-4, d-2
B. a-2, b-4, c-1, d-3
C. a-3, b-1, c-2, d-4
D. a-3, b-4, c-2, d-1
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Ramaiah and Laxmaiah jointly owe Rs. 10,000 to Sattaiah, Ramaiah pays the amount to Sattaiah. Laxmaiah not knowing this fact again pays Rs. 10,000 to Sattaiah. In law he is bound to repay the amount to Laxmaiah. Which provision of India Contract Act 1872, contains the principle?
A. Section 73
B. Section 83
C. Section 93
D. Section 72
Select an option to see the answer and solution.
Which one of the following agreements is not void?
A. A agrees with B to discover treasure by magic
B. A agrees to sell B 'hundred tons of oil' without specifying in any manner what kind of oil was intended
C. The plaintiff and the defendant were rival shopkeepers in a locality in Kolkata. The defendant agrees to pay a sum of money to the plaintiff if he would close his business in that locality. The plaintiff accordingly did so, but defendant refused to pay
D. A at his own volition agrees to sell his horse worth Rs. 10000 to B for Rs. 10 only
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Unconscionable contract is an:
A. Agreement that is so outrageously unfair to one party that a Court refuses to enforce it in a Court of law
B. Agreement that is so outrageously unfair to one party which can still be enforced it in a Court of law
C. Either (A) or (B)
D. None of these
Select an option to see the answer and solution.
