Contract Forbidden by Law are
A. Valid
B. Void
C. Illegal
D. Both B and C
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To convert a proposal into a promise the acceptance must be:
A. Qualified
B. Unqualified
C. General
D. Absolute and unqualified
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Which of the following statements is not correct?
A. Contingent contracts to do or not to do anything if an uncertain future event happens or not, cannot be enforced by law unless and until the event happens
B. If the event become impossible, such a contract becomes void
C. If the agreement is contingent on an impossible event, it is void
D. Such contracts are not enforceable if the contingency contemplated takes place or becomes impossible of talking place
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When is the inadequacy of consideration taken into account by a court of law?
A. When the promisor performs his promise
B. Always at the discretion of the court
C. When the promisor expresses his desire to get maximum return for his promise
D. When fraud, coercion or undue influence in the formation of the contract is pleaded
Select an option to see the answer and solution.
Quasi contract emerged from:
A. Assumpsit
B. Indebitatus assumpsit
C. Non-feasance
D. Misfeasance
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The Indian Contract Act, 1872 became operative from the date of
A. 25th April, 1872
B. 25th May, 1872
C. 1st September, 1872
D. 18th September, 1872
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Contingent agreements to do or not to do anything, if an impossible event happens . . . . . . .
A. Are void if the impossibility of the event is known to the parties at the time when it is made
B. Are void if the impossibility of the event is not known to the parties to agreement at the time when it is made
C. Are void, whether the impossibility of the event is known or not to the parties to the agreement at the time when it is made
D. Are voidable at the option of the parties
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A' makes a contract with 'B' to buy his house for Rs. 50,000 if he is able to secure a bank loan for that amount contract is:
A. Void for vagueness
B. Wagering contract
C. Contingent contract
D. Voidable contract
Select an option to see the answer and solution.
A proposes, by letter sent by post, to sell his house to B. The proposal of A is accepted by B by letter sent by post. When can A revoke his proposal?
A. A may revoke proposal after B sent letter of acceptance by post
B. A can revoke proposal at any time before B sent letter of acceptance
C. Both A and B are correct
D. None of the above
Select an option to see the answer and solution.
An agreement without consideration is
A. Void ab initio
B. Voidable contract at the option of the promisor
C. Void barring certain circumstances
D. Illegal
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Consider the following statements:
1. An auctioneer's announcement to sell an artifact through auction on a certain day is not an offer but only an invitation to offer.
2. The highest bid in an auction is merely an offer which an auctioneer mayor may not accept.
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
Select an option to see the answer and solution.
Agent is a
A. Person employed to do any act for another or to represent in dealings with third person
B. Person for whom the act is done or who is represented in dealings with third person
C. Person from whom the person employed to do any act, has to get the work done
D. All the above
Select an option to see the answer and solution.
As a general rule, an agreement made without consideration is
A. Void
B. Voidable
C. Valid
D. Unlawful
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Bailment involves
A. Change of custody
B. Change of possession
C. Change of custody and possession both
D. Neither change of custody nor possession
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Indian Contract Act:- Two parties entered into contract. They later realized that there was a mistake in their understanding of law as applicable in India. This make their contract
A. Non est
B. Void
C. Voidable
D. Not Voidable
Select an option to see the answer and solution.
Which of the following statements are correct?
(1) A minor fraudulently misrepresenting his age is not stopped from denying the truth of his statement.
(2) A minor fraudulently misrepresenting his age is stopped from denying the truth of his statement.
(3) Estoppel does not operate to render a statute ineffective and so minor's agreement is always void.
Choose the correct answer from the given below:
A. (2) and (3)
B. (1) and (3)
C. (1) and (2)
D. (1), (2) and (3)
Select an option to see the answer and solution.
While determining damages for breach of contract, which of the following are taken into account?
A. Motive
B. Indirect loss
C. Means or remedying the inconvenience caused by non-performance
D. All of these
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An acceptance containing additions, limitations or other modifications shall amount to
A. Rejection of the offer
B. A valid acceptance
C. A counter offer
D. Both A and C
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A farmer whose crop is partially destroyed every year by crickets reads an advertisement addressed to farmers to save their crop from the menace of crickets, asking them to send rupees five thousand for a machine to effectively kill crickets. A sends rupees five thousand and receivesby mail one wooden block and a hammer with the instructions 'put a cricket on one block and hammer it and it will certainly die, repeat the performance till all the crickets are destroyed'. A rightly alleges that the contract is not binding on him as his consent to purchase the machine was obtained through
A. Fraud
B. Misrepresentation
C. Mistakeof fact
D. Undue influence
Select an option to see the answer and solution.
Provision for the prevention of unjust enrichment of a person is contained in:
A. Section 69 of the Indian Contract Act, 1872
B. Section 70 of the Indian Contract Act, 1872
C. Section 71 of the Indian Contract Act, 1872
D. Section 72 of the Indian Contract Act, 1872
Select an option to see the answer and solution.