Under the contract of guarantee, a creditor:
A. Has to avail his remedies first against the principal debtor
B. Can avail his remedies against the principal debtor as well as the surety
C. Can avail his remedy against the surety alone
D. Both B and C
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A saves B's property from fire. The circumstances indicated that he had done so gratuitously. Is A entitled to compensation from B?
A. Yes
B. No
C. Not from B but from government
D. Not from B but from his heirs
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X duly posts a letter of acceptance to Y. But the letter is lost in transit by the negligence of the post office.
A. There is no contract concluded, because the acceptance has not reached the proposer
B. There is no contract concluded, because the proposer had not received the letter
C. The contract is concluded, because the acceptance is complete, from the date of dispatch, not with standing any delay or miscarriage in its arrival from causes not within the acceptor's control
D. None of the above
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A' and 'B' contract that 'A' shall build a house for 'B' at a fixed price. The order in which reciprocal promises are to be performed was not fixed. What shall be the order of performance?
A. A's promise to build the house must be performed before B's promise to pay for the house
B. B's promise to pay for the house must be performed before A's promise to build the house
C. A & B should perform their promise Simultaneously
D. None of the above
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If Mr. A sells a watch to Mr. X which Mr. A has obtained by inflicting undue influence on Mr. B, the title of Mr. X on the watch is
A. Absolut
B. Subject to the fact whether Mr. B has rescinded the contract
C. Void
D. Partial
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Number of ingredients of 'Promise' is-
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A proposal upon acceptance becomes a
A. Contract
B. A promise
C. An agreement
D. Both B and C
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A clause of one Special Voluntary Retirement Package (SVRP) stated inter alia that once option is made, the employee making the offer cannot withdraw it. Section 5 of the Contract Act states that an acceptance may be revoked at any time before the communication of the acceptance is complete as against the acceptor, but not afterwards. Decide which of the following is true?
A. The provisions of the Section 5 shall have effect always
B. The provisions of SVRP shall be enforceable since it is statutory in nature
C. Both may be made applicable at the same time
D. Since SVRP is a matter of invitation to offer, Section 5 is not applicable
Select an option to see the answer and solution.
An agreement not to pursue any legal remedy to enforce the rights under section 28 is
A. Valid
B. Voidable
C. Void
D. Unenforceable
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Under Indian Contract Act, 1872, if the time is essence of a contract and the promisor fails to perform the contract by the specified time, the contract:
A. Becomes void
B. Remains valid
C. Becomes voidable at the instance of the promisee
D. Becomes unenforceable
E. None of these
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A consent is said to be free when it is not caused by:
A. Coercion
B. Undue influence
C. Fraud
D. All of these
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When the pawnor has obtained possession of the goods pledged by him 1872, National Textile Corporation Ltd. under a contract voidable u/s 19 or 19A is of the Contract Act and if the contract is not rescinded at the time of pledge, the pawnee acquires . . . . . . . .
A. A good title
B. A defective title
C. The goods illegally
D. None of these
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The principle contained under Section 73 of Indian Contract Act is based on:
A. Hadley v. Baxendale
B. Jamal v. Moola Dawood Sons & Co.
C. Karsandas H. Thacker Co. Ltd. v. Saran Engineering
D. Maula Bux v. Union of India
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What happens to a continuing guarantee in case of surety's death:
A. Indemnification from the property of the surety with regard to future transactions
B. Revocation of the continuing guarantee with regard to future transactions
C. The continuing guarantee shall continue in the name of the surety's heirs
D. The continuing guarantee shall be continued by any other person
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"When contract is broken then can an aggrieved party sue only for losses or damages which naturally arose out of the breach as also for other losses or damages which are result of breach of contract". In view of this statement, which of the following is correct?
A. All types of losses or damages can be claimed
B. All types of losses or damages can be claimed only if the contract is registered under the Registration Act
C. Only those damages can be claimed which naturally arose from the breach, unless notice of losses or damages not directly arising out of the breach was known to the person guilty of breach of contract
D. Normal damages which arise directly from the breach, and special damages which are not in contemplation of the party when the contract was made, both can be claimed, provided when there is a breach of contract, a public notice is given by the aggrieved party of the special loss suffered
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. . . . . . . . Is forbidden by law. The Court will not enforce such a contract.
A. Valid Contract
B. Illegal agreement
C. Voidable Contract
D. Unenforceable Contract
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The doctrine of undue influences was evolved by the
A. Privy Council
B. Court of Equity in England
C. Supreme Court of India
D. Supreme Court of U.S.A.
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The principle of 'force majeure' emanates from which provision of the Indian Contract Act, 1872?
A. Section 52
B. Section 54
C. Section 56
D. Section 58
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Which of the following cases is related to the issue of minority in the Contract law?
A. Khan Gul v. Lakha Singh
B. Ajodhia Prashad v. Chandan Lal
C. Mohori Bibi v. Dharmodas Ghosh
D. All of the above
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An offer was sent by post, the acceptor wrote 'accepted' on the letter, put it in his drawer and forgot about it. The transaction is a
A. Valid contract
B. A voidable contract
C. A void contract
D. No agreement as the acceptance was never communicated to the proposer
Select an option to see the answer and solution.