Sub-agent is responsible for his acts to the agent but not to the principal. Find the correct option with reference to the Contract Act, 1872.
A. The statement is true and the provision in this regard is there in the Section 192
B. The statement is false and nothing has been provided under the Act
C. The statement is partially true and Section 192 does not deal with this
D. None of the above
Select an option to see the answer and solution.
Which section of the Indian Contract Act, 1872 defines the term "reciprocal promises"?
A. Section 2(e)
B. Section 2(g)
C. Section 2(d)
D. Section 2(f)
Select an option to see the answer and solution.
In a pledge, the general property or ownership in 'goods'
A. Continues in pledgor
B. Transferred to the pledgee
C. Cannot be transferred to the pledgee
D. Either A or B
Select an option to see the answer and solution.
Presumption of undue influence can be raised in cases of:
A. Contracts with pardanashin lady
B. Contract with minor
C. Relationship of parties being such that one party is in a position to dominate the will of the other
D. Unconscionable bargains
Select an option to see the answer and solution.
Out of the following agreements which one is not void?
A. Agreement with handicapped person
B. Agreement to restrain a marriage
C. Wagering agreement
D. Agreement without consideration
Select an option to see the answer and solution.
In case of a sub-agent lawfully appointed, which of the following is correct?
A. As regards third parties, the subagent can neither bind the principal nor the original agent
B. As regards third parties, the sub-agent can bind only the original agent
C. As regards third parties, the sub-agent binds the principal as an original agent can bind
D. As regards third parties, the sub-agent cannot bind the principal as an original agent
Select an option to see the answer and solution.
When a contract is breached, the party who suffers such breach shall:
A. Be indemnified for the loss or damage caused to him
B. Receive compensation for any loss or damage caused to him
C. Be remunerated for the loss or damage caused to him
D. Not have any right under this Act
Select an option to see the answer and solution.
What is a continuing guarantee:
A. A guarantee which continues even after the contract comes to an end
B. A guarantee which shall be applicable to any other person who becomes a party to the contract
C. A guarantee which extends to a series of transaction
D. A guarantee which continues till the contract does not come to an end
Select an option to see the answer and solution.
A trader supplied to a minor wheat and rice required for food. On the failure of the minor to pay, for it, the trader files a suit.
The trader
A. Will get no relief since minor's agreements are void
B. Will get no relief since the supplies were not made at the desire of the
minor
C. Can recover the price of the goods supplied, as there was an implied promise
D. Is entitled to be reimbursed out of the property of the minor, since the articles supplied constitute necessaries
Select an option to see the answer and solution.
Read Assertion (A) and Reason (R) and give correct answer with the help of given below:
Assertion (A): The relations of partners inter se is that of principal and agent.
Reason (R): The rules of the law of agency does not apply in case of their liability.
A. Both (A) and (R) are true and (R) is the correct explanation of (A)
B. Both (A) and (R) are true but (R) is not the correct explanation of (A)
C. (A) is right but (R) is wrong
D. (A) is wrong but (R) is right
Select an option to see the answer and solution.
Which one of the following is explicitly stated in Section 2(b) of the Indian Contract Act 1872?
A. A proposal, when accepted becomes a promise
B. A proposal, when accepted become a contract
C. A proposal, when accepted becomes an agreement
D. A proposal, when accepted becomes assurance
Select an option to see the answer and solution.
In cases of refusal to perform by one party, the other party
A. Can ignore the notice of refusal for the time being and wait till the time when the contract is to be executed
B. Can treat the repudiation as wrongful putting an end to the contract
C. Can waive his right to rescission by acquiescence
D. All the above
Select an option to see the answer and solution.
An agreement by which one is restrained from exercising a lawful profession, trade or business of any kind is:-
A. To that extent void
B. Voidable at the option of party who has been restrained
C. Valid and enforceable at law
D. Illegal
Select an option to see the answer and solution.
When, at the desire of the promisor, the promisee or any other person has done or abstained from doing or, does or abstains from doing or promises to do or to abstain from doing something, such act or abstinence or promise under section 2(d) is called
A. Reciprocal promise
B. Consideration for the promise
C. Counter offer
D. Acceptance
Select an option to see the answer and solution.
Which of the statements as to consideration is not correct:
A. It may be past also
B. It need not be adequate
C. Stranger to it cannot sue
D. It must be real
Select an option to see the answer and solution.
An Agreement in restraint of marriage of any person other than a minor is a-
A. Legal Contract
B. Voidable Contract
C. Fraudulent Contract
D. Void Contract
Select an option to see the answer and solution.
A owns a residential flat. He is entitled to quiet possession and enjoyment of his property. This is called
A. Rights in Personam
B. Rights is Rem
C. Moral Right
D. There is no right at all
Select an option to see the answer and solution.
The codified law for the law of Contract in India is
A. Indian Contract Act, 1872
B. Indian Contract Act, 1973
C. Indian Contract Act, 1992
D. Indian Contract Act, 1901
Select an option to see the answer and solution.
The delivery of goods by one person to another for some specific purpose is known as
A. Bailment
B. Pledge
C. Hypothecation
D. Mortgage
Select an option to see the answer and solution.
An obligation under a contract stands discharged
A. By proper performance
B. By dispensation with the performance
C. By death of the contracting party if the contract is personal in nature
D. All the above
Select an option to see the answer and solution.