A promise to pay wholly or in part a debt of which the creditor might have enforced payment, but for the law for the limitation of suits is a contract:
A. If it is made in writing only
B. If it is made in writing and registered under the law for the time being in force
C. If it is made in writing and signed by the person to be charged there with
D. Even if made orally
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A having advanced money to his son, B, during his minority, upon B's coming of age obtains, by misuse of parental influence, a bond from B for a greater influence, a bond from B for a greater amount than the sum due in respect of the advance. A employs
A. Coercion
B. Fraud
C. Undue influence
D. Misrepresentation
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An agreement without consideration is void unless:
A. It is expressed in writing
B. It is expressed in writing and registered under the law for the time being in force for registration of documents
C. It is expressed in writing and registered under the law for the time being in force for registration of documents and is made on account of natural love and affection between the parties standing in a near relation to each other
D. All of the above
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The doctrine of supervening impossibility will not apply in the following cases
1. Difficulty in performance
2. Outbreak of war
3. Commercial impossibility
4. Strikes, Lock-outs and civil disturbances
A. 1, 2, 3, 4
B. 2, 3, 4
C. 1, 3, 4
D. 1, 2, 3
Select an option to see the answer and solution.
Principle: If any person enters into wagering or betting agreements, such agreements would be illegal and cannot be given effect for enforcing obligations.
Fact: Akbar enters into an agreement with Birbal that if he pays Akbar a premium of Rs. 500 per annum and Birbal's house is devastated by fire within one year of entering into the agreement, Akbar shall make good the loss suffered by Birbal.
A. Agreement is a wager and even if Birbal's house is destroyed, he cannot claim price from Akbar
B. Valid contract and can be enforced if Birbal's house is destroyed
C. Akbar and Birbal are betting and thus it is not a contract
D. None of the above
Select an option to see the answer and solution.
Match
List-I with
List-II and select the correct answer under the given below the lists:
List I
List-II
a. Mohiri Bibi Case
1. Remoteness of damage
b. Satyabrata Chose Case
2. Frustration of Contract
c. Hadley v. Baxendale
3. Invitation to treat
d. Carlill v. Carbolic
4. Minor's contract
A. a-4, b-2, c-1, d-3
B. a-2, b-3, c-1, d-4
C. a-4, b-1, c-2, d-3
D. a-1, b-2, c-3, d-4
Select an option to see the answer and solution.
Under the Indian Contract Act, a proposal when accepted becomes:
A. A promise under Section 2(b)
B. An agreement under Section 2(e)
C. A contract under Section 2(h)
D. None of the above
Select an option to see the answer and solution.
A' agrees to sell to 'B' a hundred tons of oil. There is nothing whatever to show what kind of oil was intended. The agreement is:
A. Voidable
B. Void
C. Enforceable
D. Non-enforceable
Select an option to see the answer and solution.
No consideration is necessary to create
A. A contract of guarantee
B. A contingent contract
C. An agency
D. A contract of insurance
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An acceptance may be revoked at any time before the communication of its acceptance is complete:
A. As against the proposer
B. As against the acceptor
C. As against the person revoking
D. None of the above
Select an option to see the answer and solution.
Which provision of Indian Contract Act provides definition of free consent
A. Section 13
B. Section 14
C. Section 10
D. Section 11
Select an option to see the answer and solution.
Which one of the following is a contract?
A. An agreement to do a lawful act by an unlawful means
B. An undertaking in writing duly signed to pay the time barred debt
C. An agreement in restraint of a lawful trade
D. An agreement to pay Rs. 10,000 without consideration
Select an option to see the answer and solution.
If only a part of the consideration or object is unlawful, the contract under Section 24 of the Indian Contract Act, 1872 shall be:
A. Valid to the extent the same are lawful
B. Void to the extent the same are unlawful
C. Void as a whole
D. Valid as a whole
Select an option to see the answer and solution.
No contract can arise
A. If the offer is not made to an ascertained person
B. If the offer is made to an ascertained person
C. If the acceptance is made by an unascertained person
D. If the acceptance is made by an ascertained person
Select an option to see the answer and solution.
Considerations & objects are unlawful where it is
A. Forbidden by law or defeat the provision of any law
B. Which is fraudulent
C. Which is immoral & against the public policy
D. All the above
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A and B agree that A shall pay B Rs. 500 for which B shall afterwards deliver to A one quintal wheat or a smuggled pistol. Decide:
A. The whole agreement is void
B. The whole agreement is valid
C. The whole agreement is unlawful
D. The agreement to deliver wheat is valid but the agreement is void as to the pistol
Select an option to see the answer and solution.
As a general principle of Law of Contract, which one of the following is not an essential of a valid contract?
A. Writing
B. Competency to contract
C. Lawful consideration and lawful object
D. Free consent
Select an option to see the answer and solution.
What is the meaning of 'ab initio'?
A. Correct from the beginning
B. Absurdity
C. From the beginning
D. Initial stage of a proceeding
Select an option to see the answer and solution.
Which of the following statements is not correct?
A. When the acceptance is required by post, but the same is made by telephone or telegram i.e., by a quicker mode, will result in a valid contract
B. But if the deviation from the prescribed manner is to the disadvantage of the offeror, he is entitled to treat the acceptance as invalid
C. If the offeror wants the acceptance to be sent by wagon, but the same is sent by post, and the letter reaches after the arrival of the wagon, the offeror is entitled to treat the acceptance as invalid
D. The communication of the acceptance is complete as against the proposer, when it comes to the knowledge of the acceptor
Select an option to see the answer and solution.
Which one of the following statements about general offer is correct?
A. The general offer should be made to the specified persons
B. The general offer does not require any consideration
C. The general offer prescribes some condition to be fulfilled
D. The general offer does not work without support of public at large
Select an option to see the answer and solution.