If a future event on which a contract is contingent is the way in which a person will act at an unspecified time, the event shall be considered to become impossible:
A. When such person does anything renders it impossible that he shouldso act within any definite time
B. Otherwise than under further contingencies
C. Both A and B above
D. None of the above
Select an option to see the answer and solution.
Which of the following does not amount to breach of contract?
A. Non performance of obligations
B. Performance in a manner not in accordance with the contract
C. Performance at a time not in accordance with the contract
D. None of the above
Select an option to see the answer and solution.
Period of limitation for a suit against pawnee to recover the thing pledged is
A. 1 year from the date of pawn
B. 3 years from the date of pawn
C. 12 years from the date of pawn
D. 30 years from the date of pawn.
Select an option to see the answer and solution.
A particular lien under section 170 of the Act can be exercised
A. Has right to retain the goods until the receipt of remuneration for services incurred by him
B. For charges on account of labour or skill employed or expenses incurred
C. For general balance of accounts and the charges on account of labour & skill employed & expenses incurred
D. Either B or C
Select an option to see the answer and solution.
Hadley Vs. Baxindale is a case on
A. Frustration of contract
B. Damages for breach of contract
C. Discharge of contract
D. Contract is restraint of trade
Select an option to see the answer and solution.
In which one of the following cases, a contract becomes void on the ground of subsequent impossibility?
A. A agreed to supply certain quantity of Basmati rice to B in the month of December 2009. However, due to deficient monsoon rains in 2009, the prices of Basmati rice skyrocketed making it difficult for A to supply rice at the agreed price except at heavy losses
B. A agreed to supply B certain quantity of fabric at specified rate manufactured by AB Mills. However, due to indefinite workers' strike in the mill, A failed to supply the fabric to B
C. A contracts to act at a theatre for six months in consideration of a sum paid in advance by B. On several occasions A is too ill to act
D. A agreed to supply ten tons of sugar to B at a rate of Rs. 20 per kg. However, due to non-availability of adequate stock of sugar in the local market, A failed to supply sugar
Select an option to see the answer and solution.
Match
List I containing specific provisions of the Indian Contract Act, 1872 with
List II containing corresponding subject matter and select the correct answers using the given below:
List I
List II
a. Section 2(a)
1. Voidable Contract
b. Section 2(d)
2. Proposal
c. Section 2(i)
3. Agreement
d. Section 2(f)
4. Reciprocal Promises
e. Section 2(e)
5. Consideration
A. a-5, b-2, c-4, d-1, e-3
B. a-2, b-5, c-1, d-4, e-3
C. a-2, b-5, c-3, d-4, e-1
D. a-1, b-3, c-2, d-4, e-5
Select an option to see the answer and solution.
Indian Contract Act:- A contract of Insurance, the performance of which depends upon a future event falls under the category of?
A. Contingent contract
B. Contract of indemnity
C. Contract of guarantee
D. Quasi-contract
Select an option to see the answer and solution.
A contract signed between two countries without specifying as to which country's law shall govern in cases of dispute
A. It shall be governed by the law of the country where the proposal was made
B. It shall be governed by the law of the country where the contract was concluded
C. It shall be governed by the law of the country which the parties intended to apply, ie., where the contract is localised
D. It shall be governed by the law where the contract is performed
Select an option to see the answer and solution.
A contract of guarantee involves:
A. Creditor
B. Surety
C. Principal debtor
D. All of them
Select an option to see the answer and solution.
A contract is voidable if it is caused by concealment of a material fact by someone who is under duty to speak because it is
A. Misrepresentation
B. Fraud
C. Under influence
D. None of the above
Select an option to see the answer and solution.
Reasonable time for performance of a contract is a question:
A. Of fact
B. Of law
C. Mixed question of fact and law
D. Of prudence
Select an option to see the answer and solution.
A' and 'B' contract to marry each other, before the time fixed for the marriage, 'A' goes mad, the contract becomes:
A. Voidable Contract
B. Conditional Contract
C. Contingent Contract
D. Void Contract
Select an option to see the answer and solution.
A consideration is unlawful:
A. If it is opposed to public policy
B. If it is immoral
C. If it is unethical
D. Both if it is opposed to public policy and if it is immoral
Select an option to see the answer and solution.
Find out the correct response. Past consideration is not consideration, this statement is
A. Correct under Indian Law of Contract
B. Correct under English Law of Contract
C. Correct under both English as well as Indian Law of Contract
D. Not correct under both English as well as Indian Law of Contract
Select an option to see the answer and solution.
Ajay grants a lease of a premises to Vijay for one year at a monthly rent of Rs. 5,000 knowing that the premises will be used for prostitution. This lease is:-
A. Valid
B. Void
C. Voidable
D. None of these
Select an option to see the answer and solution.
A' proposes by letter to sell a house to 'B' at a certain price. The communication of proposal is complete when
A. A' posts the letter
B. A' has completed the writing of letter
C. B' gets information about the posting of the letter
D. 'B' receives the letter
Select an option to see the answer and solution.
Where there is no express provision in Contract Act, the following prevails and applied for deciding the cases
A. The provisions of any law of the land
B. The usage of the trade
C. The provisions of personal law
D. Any of the above if not inconsistent with the provisions of the Contract Act
Select an option to see the answer and solution.
A and B make a contract grounded on the erroneous belief that a particular debt is barred by the Indian Law of Limitations. This contract is
A. Void
B. Voidable
C. Illegal
D. Opposed to public policy
Select an option to see the answer and solution.
Madhukant Pathak v. The State of Jharkhand through Vigilance (ACB) was decided by Jharkhand High Court in July 2017 and it pertains to
A. Voidable contract
B. Tender
C. Void contract
D. Illegal contract
Select an option to see the answer and solution.