When a contract has been broken, the party who suffers by such breach, is entitled to receive from the party, who has broken the contract:
A. Liquidated damages
B. Compensatory damages
C. Penal damages
D. None of these
Select an option to see the answer and solution.
A agrees to pay B, a teacher, Rs. 15,000 if B passed his son in the examination. B does so but A refuses to pay the money. In this case, which one of the following gives the correct legal position of the agreement?
A. The agreement is valid and enforceable
B. The agreement is void being opposed to public policy
C. The agreement is void because the object is unlawful and forbidden by law
D. The agreement is voidable at the option of B
Select an option to see the answer and solution.
Which one of the following pairs is correctly matched?
A. Section 55: Frustration of contract
B. Section 56: Agreement in restraint of marriage
C. Section 16: Consent by coercion
D. Section 29: Agreements void for uncertainty
Select an option to see the answer and solution.
A contracts with B to grow a crop of indigo on A's land and to deliver it to B at a fixed rate, and C guarantees A's performance of this contract. B diverts a stream of water which is necessary for irrigation of A's land, and thereby prevents him from raising the indigo.
A. A is liable on his guarantee
B. A is partly liable on his guarantee
C. A is no longer liable on his guarantee
D. None of these
Select an option to see the answer and solution.
An agreement to share the benefits of a public office is:-
A. Valid
B. Voidable
C. Void
D. None of these
Select an option to see the answer and solution.
Indian Contract Act: Where both parties to an agreement are under a mistake as to a matter of fact essential to the agreement, then the agreement is
A. Voidable
B. Void
C. Illegal
D. Not enforceable in a Court
Select an option to see the answer and solution.
What is the responsibility of the finder of goods:
A. Same responsibility as a bailee
B. Same responsibility as a trustee
C. Same responsibility as a pledgee
D. Same responsibility as the owner
Select an option to see the answer and solution.
An agreement would be . . . . . . . . if both the contracting parties believe in the existence of the subject matter which did not exist-
A. Void
B. Voidable
C. Illegal
D. Impracticable
Select an option to see the answer and solution.
When a contract provides for a specified sum in case of breach
A. It prescribes the minimum liability
B. It prescribes the maximum limit of liability
C. It prescribes neither the minimum nor the maximum extent of liability
D. None of the above
Select an option to see the answer and solution.
Bailment means
A. The goods is delivered by one person to another for some purpose to be specifically returned or otherwise disposed of as per the order of bailor
B. The goods delivered to be returned by way of an equivalent in money
C. The goods delivered to be returned by way of an equivalent in other commodities
D. All the above
Select an option to see the answer and solution.
A has bought a house for Rs 50,000. Which of the following right is available to A after the purchase?
A. He has a right against the seller to have quiet possession of the house and enjoy in it
B. He has a right against the whole A. True world to have quiet possession of the house and enjoy in it
C. He has moral right over the house
D. He has a right to live in the house but cannot sell
Select an option to see the answer and solution.
There are two important theories of doctrine of frustration, viz., theory of implied term and
A. Theory of commercial dealings
B. Theory of just and reasonable solution
C. Theory of supersession
D. Theory of relativity
Select an option to see the answer and solution.
A, without the request of anybody, extinguishes the fire of B's Godown. A suffers injury thereby. If B promises to compensate A for the whole amount he has spent for his treatment, then the contract is-
A. Unenforceable because it is immoral
B. Void for want of consideration
C. Voidable
D. Enforceable
Select an option to see the answer and solution.
As per Contract Act, 1872, Match
List-I with
List-II and select the correct answer by using the given below the lists.
List-I
List-II
a. Promises express or implied
1. Section 15
b. Coercion
2. Section 9
c. Undue Influence
3. Section 18
d. Misrepresentation
4. Section 16
A. a-2, b-3, c-1, d-4
B. a-1, b-3, c-4, d-2
C. a-4, b-3, c-2, d-1
D. a-2, b-1, c-4, d-3
Select an option to see the answer and solution.
"A" supplies "B" a lunatic, with necessaries suitable to his condition in his life. Whether "A" is entitled for reimbursement from the property of "B"-
A. No
B. Yes, if the value of property is more than one lakh
C. Yes
D. None of these
Select an option to see the answer and solution.
A being the owner of a plot of land, sells the same to B through a registered sale deed in the year 2005. B however does not make full payment to A. A again sells the same land to C in the year 2010 without informing him of the earlier transaction of 2005.
Who would be the person aggrieved in these circumstances:
A. B (the first purchaser)
B. A (the seller)
C. C (the subsequent purchaser)
D. None of the above
Select an option to see the answer and solution.
"Active concealment of fact" is associated with which one of the following?
A. Misrepresentation
B. Undue influence
C. Fraud
D. Mistake
Select an option to see the answer and solution.
Pre-contract expenditure may be recovered as damage:
A. Generally
B. Always
C. Only if it is within the contemplation of parties
D. None of the above
Select an option to see the answer and solution.
A delivers a piece of cloth to B a tailor to be stitched into a suit and to be returned to A. The contract between A and B is a contract of
A. Indemnity
B. Warranty
C. Bailment
D. Agency
Select an option to see the answer and solution.
When two or more persons have made a joint promise, then, unless a contrary intention appears from the contract, all such persons must fulfil the promise:
A. Jointly
B. Severally
C. Jointly or severally
D. Jointly and severally
Select an option to see the answer and solution.