Arrange the sequence of the following concepts in which they appear in a contract, using the given below:
A. 3, 2, 1, 4
B. 3, 4, 2, 1
C. 3, 1, 2, 4
D. 1, 2, 3, 4
Select an option to see the answer and solution.
Revocation of offer by letter or telegram can be complete:
A. When it is dispatched
B. When it is received by the offeree
C. When it reaches the offeree
D. Both A and C
Select an option to see the answer and solution.
What is the minimum consideration required to create an agency?
A. Minimum of Rupees One Lakh
B. Minimum of Rupees One Thousand
C. No consideration at all is required
D. Minimum of Rupees Ten Thousand
Select an option to see the answer and solution.
Match the
List I with
List II and select the correct answer with the help of given below:
List-I List-II
a. Contingent Contract
1. Section 30, Contract Act
b. Wagering Contract
2. Section 25, Contract Act
c. Restraint from trade or business
3. Section 31, Contract Act
d. Agreement without consideration
4. Section 27, Contract Act
A. a-1, b-4, c-3, d-2
B. a-3, b-1, c-4, d-2
C. a-1, b-3, c-4, d-2
D. a-4, b-1, c-3, d-2
Select an option to see the answer and solution.
A finds B's purse and gives it to him. B promises to give A Rs. 50.
A. This is a valid contract
B. This is void contract
C. This is no contract at all
D. This is a voidable contract
Select an option to see the answer and solution.
The judicial basis of quasi-contractual obligation can be explained through the principle of:
A. Voluntary benefits
B. Just and reasonable solution
C. Unjust enrichment
D. "Indebitus - assumpsit"
Select an option to see the answer and solution.
The branches Section 30 of the Indian Contract Act, 1872 declares:
A. Agreement of wager void
B. Prevents the winner from bringing an action to recover amount won (even under a substituted contract)
C. Prevents the winner from suing the stakeholder
D. All of them
Select an option to see the answer and solution.
Under the Indian Contract Act, an agreement by a heavily drunk person has the same consequence as that of:
A. A minor's agreement
B. A gangster's agreement
C. A monk's agreement
D. A mistaken agreement
Select an option to see the answer and solution.
Under the contract of guarantee, the liability of the surety
A. Can be limited
B. Cannot be limited & has to extend to the whole of the amount due from the principal debtor
C. Can be extended to penalties also
D. Both B and C
Select an option to see the answer and solution.
A' applied for allotment of 100 shares in 'B' company. A letter of allotment addressed to 'A' was posted in due time, but it never reached 'A'. The posting of letter of allotment:
A. Completes the contract
B. Does not completes the contract
C. Makes the contract voidable
D. Makes the contract void
Select an option to see the answer and solution.
Assertion (A): Minor's contract is void.Reason (R): Mortgage executed in favour of a minor is enforceable by him.
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 true but (R) is false
D. (A) is false but (R) is true
Select an option to see the answer and solution.
According to Salmond and Winfield, "A promise without consideration is a gift; one made for a consideration is a bargain." However, in the following circumstances a contract without consideration will be perfectly valid
A. 1, 2, 3, 4
B. 1, 2, 4
C. 1 and 2
D. 1, 2, 3
Select an option to see the answer and solution.
The case related to minors agreement is void ab initio is
A. Carlill v. Carbolic Smoke Ball Co.
B. Mohoribibi v. Dharmadas Ghose
C. Nash v. Inman
D. None of these
Select an option to see the answer and solution.
A clause in the tender authorising the party inviting tenders to terminate the contract at any time for future supplies
A. Destroys the very basis of the contract & the clause is void
B. Does not destroy the basis of the contract & the clause is valid
C. Makes the entire contract void
D. Makes the contract voidable
Select an option to see the answer and solution.
The provision which provides for Compensation for loss or damage caused by breach of contract is provided in . . . . . . . .
A. Section 51 of Contract Act
B. Section 63 of Contract Act
C. Section 73 of contract Act
D. Section 125 of Contract Act
Select an option to see the answer and solution.
Under Section 73 of the Indian Contract Act
A. Special damages cannot be claimed
B. Special damages can be claimed if the party breaking the contract is made known of the special circumstances at any time
C. Special damages can be claimed if the party breaking the contract is made known of the special circumstances at the time of contract
D. None of the above
Select an option to see the answer and solution.
Which of the following agreements is not void?
A. A' agrees to sell two hundred tons of oil to 'B'
B. An agreement in restraint of legal proceedings
C. An agreement if restraint of marriage of any person
D. A finds B's purse and gives it to him. B promises to give 'A' Rs. 100
Select an option to see the answer and solution.
Which of the following acts cannot be ratified
A. Lawful or unlawful acts capable of being done by the agent
B. Where knowledge of facts to the ratifying person is defective
C. Act which ane unauthorised at the time of its being done
D. All the above
Select an option to see the answer and solution.
A promisor agrees to sell his loved cow only because of financial difficulty. Whether it is a free consent under The Contract Act?
A. No
B. Yes
C. Court has discretion to decide
D. None of the above
Select an option to see the answer and solution.
An employer asks his employee/servant to sell his servant's goods at a price for less than the market price/fair price. Servant can avoid the contract on the ground
A. Undue influence
B. Coercion
C. Mistake
D. Fraud
Select an option to see the answer and solution.
