A contract of life insurance falls under the category of-
A. Contract of indemnity
B. Contract of guarantee
C. Contingent contract
D. None of the above
Select an option to see the answer and solution.
A minor having lost his parents, is maintained by his neighbour. Whether the neighbour can seek recovery of expenses?
A. Yes, in certain condition
B. No
C. Yes, if minor's guardianship is granted by court
D. None of the above
Select an option to see the answer and solution.
The concept that says unfair or unconscionable contracts or clauses should not be enforced is known as
A. Pacta Sunt Sarvanda
B. Prima Facie
C. Culpa in Contra hendo
D. Abus de droit
Select an option to see the answer and solution.
Under the Contract Act consideration may proceed:-
A. From the promisee
B. From a person other than the promisee
C. Both A and B
D. Neither A nor B
Select an option to see the answer and solution.
When prior to the due date of performance, the promisor absolutely refuses to perform the contract, it is known as-
A. Abandonment of contract
B. Actual breach of contract
C. Remission of contract
D. Anticipatory breach of contract
Select an option to see the answer and solution.
An agreement not to raise the plea of limitation is-
A. Valid and binding
B. Voidable
C. Void
D. Illegal
Select an option to see the answer and solution.
A orders a pizza from Dominos. The Dominos delivery person accidentally delivers it to C. C eats it. Is C obliged to pay Dominos for pizza?
A. No. The mistake was made by the pizza delivery man
B. No. C didn't make any mistake
C. Yes. C ate the pizza knowing that he hadn't ordered it. Having derived the benefit of the contract, he must now pay for it
D. Yes. C stole the pizza
Select an option to see the answer and solution.
Reciprocal promises provide for doing certain things which are legal and certain others which are illegal, under Section 57:
A. The first set is valid but the second set is void
B. The first set is voidable but the second set is void
C. The entire set of promises is void
D. The entire set of promises is valid
Select an option to see the answer and solution.
A agrees to sell his house to B for 10,000 rupees. Here, B's promise to pay the sum of 10,000 rupees is the consideration for A's promise to sell the house, and A's promise to sell the house is the consideration for B's promise to pay the 10,000 rupees.
A. These are unlawful considerations
B. These are lawful considerations
C. Either (A) or (B)
D. None of these
Select an option to see the answer and solution.
Following is/are essentialt(s) of valid contract as per Indian Contract Act, 1872.
(1) Parties to contract should have capacity to contract.
(2) Parties to contract should have legal mind.
(3) Parties to contract should be intelligent.
(4) Invitation to offer should be accepted.
Find correct answer:
A. Only (1) and (4) are correct
B. Only (1) is correct
C. All of above are correct
D. Only (2) is correct
E. None of these
Select an option to see the answer and solution.
C, advances to B, his tenant Rs. 2,000 on the guarantee of A. C has also a further security for Rs. 2,000 by a mortgage of B's furniture. C cancels the mortgage. B becomes insolvent and C sues A on his guarantees.
A. A is discharged from liability
B. A is not discharged from liability
C. B is not discharged from liability
D. None of the above
Select an option to see the answer and solution.
Quantum meruit means:
A. Voidable agreement
B. Proportional earning
C. Valid contract
D. Wagering contract
Select an option to see the answer and solution.
Under Indian Contract Act Publication of notice inviting tender is-
A. A Proposal
B. Notice inviting proposal
C. A promise
D. Agreement
Select an option to see the answer and solution.
For the acts of the substituted agent
A. The agent is responsible to the principal
B. The agent is not responsible to the principal
C. The substituted agent is not responsible to the principal
D. None of the above
Select an option to see the answer and solution.
Consideration should be something in return of promise which
A. Both the law and parties regard, as having some value
B. Only law regards a having some value
C. Only the parties regard some value
D. Only adequate value necessary
Select an option to see the answer and solution.
A makes a contract with B to buy B's horse if A survives C.
A. This contract cannot be enforced by law unless and until A dies in C's lifetime
B. This contract cannot be enforced by law unless and until C dies in A's lifetime
C. This contract can be enforced by law during C and A's lifetime
D. None of these
Select an option to see the answer and solution.
Unlawful detaining or threatening to detain any property with the intention of causing any person to enter into an agreement would amount to which one of the following?
A. Unlawful detention
B. Duress
C. Undue influence
D. Coercion
Select an option to see the answer and solution.
A contracts with B to repair B's house. B neglects or refuses to point out to A the places in which his house requires repair.
A. A is excused for the non-performance of the contract if it is caused by such neglect or refusal
B. A cannot be excused for the non-performance of the contract even if it is caused by such neglect or refusal
C. B is excused for his negligence or refusal to point out to A the places in which his house requires repair
D. None of these
Select an option to see the answer and solution.
Match
List-I with
List-II and select the correct answer using the given below:
List-I (Types of Vitiating elements of a contract)
List-II (Relevant case-law)
a. Undue influence
1. Nursey Spg. and Wvg. Co. Ltd., Re
b. Misrepresentation
2. Jaggan Nath v. Secy of State for India
c. Fraud
3. Lancashire Loans v. Black
d. Mistake
4. Derry v. Peek
A. a-2, b-4, c-3, d-1
B. a-1, b-3, c-4, d-2
C. a-3, b-1, c-4, d-2
D. a-3, b-1, c-2, d-4
Select an option to see the answer and solution.
A lends rupees one lakh to B and B promises to repay it with interest @ 12% per annum after one year. The agreement also provides that if the amount is repaid within six months, the rate of interest will be 10%. The stipulation is
A. Valid
B. Void
C. Voidable
D. Illegal
Select an option to see the answer and solution.