When goods are displayed in a shop window with price tags attached to them, the offer comes from the:-
A. Offerer
B. Shop owner
C. General public
D. Customer
Select an option to see the answer and solution.
Which Section of the Indian Contract Act, 1872, deals with agreements in restraint of legal proceedings?
A. Section 27
B. Section 28
C. Section 23
D. Section 29
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A', the shopkeeper, has displayed his goods in glass showcase with the price tag prominently visible. 'B' identifies an item form the showcase for purchase and tells 'A' that he is ready to give the price displayed. 'A' realizes that the item did not have the correct price tag and refuses to sell it at the displayed price. Give the most appropriate answer.
A. A' is bound to sell the item as all the conditions of a valid contract are complete
B. A' is not bound to sell as 'B' has only made an offer to purchase and 'A' has still to accept the offer
C. A' is bound to sell as his display of goods in the showcase amounted to offer to sell
D. A' is not bound to sell though acceptance was complete
Select an option to see the answer and solution.
An agreement shall be void on account of
A. Mistake of fact by one party
B. Mistake of fact by both the parties
C. Mistake of foreign law
D. Both A and B
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A, B and C jointly promise to pay 'D' a sum of Rs. 3,000. A & B are untraceable. Is 'C' is liable to pay?:
A. 'C' liable to pay 'D' in full
B. 'C' liable to pay 'D' in part
C. Liability of 'C' does not arise
D. None of these
Select an option to see the answer and solution.
A' enters into a contract with 'B' to sing at his theatre two nights in every week during the next two months and 'B' engages to pay her at rate of Rs. 1,000 for each night. 'A' willfully absents herself on the sixth night but with the assent of 'A' sings on the seventh night 'B':
A. Can put an end to the Contract
B. Cannot put an end to the Contract
C. Is not liable to pay for five nights on which A had sung
D. Is not entitled to compensation for damage sustained by him on the sixth night
Select an option to see the answer and solution.
Which one of the following statements is not correct?
A. Acceptance must be in writing
B. Acceptance must be communicated
C. Acceptance must be in prescribed manner
D. Oral acceptance is a valid acceptance
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Which one of the following is the essential of misrepresentation?
A. The statement made by the defendant should relate to the material fact
B. The person making statement should not be negligent
C. The person making statement should not believe it to be true
D. The statement should directly be made to the plaintiff himself and no other
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Which one of the following relationship does not come within the category of undue influence affecting a transfer of property namely the relationship of?
A. Doctor and patient
B. Customer and shopkeeper
C. Advocate and client
D. Master and servant
Select an option to see the answer and solution.
Which of the following statements is correct?
A. The liability of master and servant is something joint and sometimes several depending on circumstances
B. The liability of master and servant is joint and several
C. The liability of master and servant is joint
D. The liability of master and servant is several
Select an option to see the answer and solution.
Liability of a guarantor is:
A. Joint and several with the principal debtor
B. Guarantor is not liable, till the principal debtor is alive
C. Guarantor is liable only if the principal debtor has absconded and left India
D. Guarantor is liable only if the principal debtor is unable to pay
Select an option to see the answer and solution.
Which among the following elements is not required in case of undue influence
A. The parties stand in near relation to each other
B. One party shall have the position of dominance over the other
C. The party standing in a dominating position actually dominates the will of the other
D. Parties are not necessarily related at all, they can be strangers meeting for the first time
Select an option to see the answer and solution.
Which of the following deals with alternative promise, one branch being illegal in the Indian Contract Act, 1872?
A. Section 56
B. Section 50
C. Section 55
D. Section 58
Select an option to see the answer and solution.
Privity of Contract is that the
A. Parties to the contract can sue each other
B. Beneficiary to the contract can sue the parties
C. Parties to the contract can sue the third party
D. Both B and C
Select an option to see the answer and solution.
The Indian Contract Act, 1872, the term 'voidable contract' has been defined under:
A. Section 2(e)
B. Section 2(h)
C. Section 2(i)
D. Section 2(g)
Select an option to see the answer and solution.
A letter of acceptance sent by post is lost in transit
A. There is a concluded contract as the letter of acceptance is put in the course of transmission
B. There is no concluded contract as the acceptance has not come to the knowledge of the proposer
C. There is no concluded contract as the acceptance has not been communicated to the proposer
D. All the above
Select an option to see the answer and solution.
An acceptance on telephone should be
A. Audible to the offeror
B. Heard by the offeror
C. Understood by the offeror
D. All the above
Select an option to see the answer and solution.
Consider the following statements with regard to law of contract:
1. Presence of consideration is essential but the same should be adequate.
2. Inadequacy of consideration may be considered as evidence for the presence of undue influence.
Which of the statements given above is/are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
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State of West Bengal v. B. K. Mondal & Sons, AIR 1962 SC 779 is an interpretation of which section of Indian Contract Act:
Select an option to see the answer and solution.
The doctrine of privity of contract means that:
A. A contract is a private affair between the parties
B. Consideration can be supplied only by the parties to contract
C. The contract can be enforced only by a civil and private action
D. Only parties to contract can sue and be sued upon the contract
Select an option to see the answer and solution.