Professional Documents
Culture Documents
a) trust
b) chattel
c) mortgage
d) private property
a) Parliament
b) Legislature
c) Executive
d) Society
a) a good excuse
b) cannot be excused
c) no excuse
d) always an excuse
b) Company
c) Office
d) legal entity
a) express offer
b) implied offer
c) specific offer
d) general offer
a) a valid contract
b) a void contract
c) a voidable contract
d) not a contract
Question 8:- The parties to a contract must be competent to contract. The flaw in capacity
to contract may be due to-
a) minority
b) lunacy
c) idiocity
d) All of these
Question 9:- At the time of entering into a contract, parties must be thinking of the same
thing in the same sense. This is also known as:
a) intention to create a legal relationship
b) lawful consideration
c) consensus-ad-idem
Question 11:- In the context of consideration for a contract, the Rule is that:
Question 12:- A saves B's life. B promises to pay A Rs. One lac out of gratitude.
b) It is a void contract as Rs. One lac is too little for saving life.
consideration
d) it is a valid contract because the consideration for B's promise is past
consideration
Question 13:- A dealer enters into an agreement to sell a smuggled item to X. import of
such type of goods is illegal. A refuses to deliver the item as promised. What are the rights
of X?
b) wait till such imports become legal and then sue the dealer.
c) it is a voidable contract.
d) it is a void contract
Question 14:- A' signed a promissory note which he was told was a letter of guarantee. Will
he be bound to honour the Promissory Note?
him
d) He could have made a verbal agreement
Question 15:- With respect to causing any person to enter into an agreement, "Coercion"
is-
a) parties are free to agree upon any terms they like, the clause in the Agreement is
operative.
b) the clause in the Agreement is valid, as there is no ambiguity in the language, and
Limitation Act
d) none of the given option is correct
a) the agreement is void for uncertainity,as it does not show what kind of oil was
intended
b) this agreement is valid
event
d) it is a valid 'contingent' contract
Question 20:- Quasi contract' is a situation in which law imposes upon one person an
obligation similar to that which arises from a true contract. It is based on natural justice. In
view of these provisions which of the option is a Quasi contract?
d) all the three cases mentioned under various options are quasi
contracts
a) as much as earned
Question 22:- Section 10 of the Contract Act enumerates some essentials of a valid
contract. Which if the options is thus enumerated in Section 10?
Question 23:- A promisor offers performance of his obligation under the contract, at the
proper time and place, but the promise refuses to accept the performance. This is called:
a) Tender
b) Attempted performance
Question 24:- A contract is deemed to have become impossible of performance under the
circumstances that the subject matter of a contract is destroyed for no fault of the promisor.
Such circumstances are called:
a) inherent impossibility
b) supervening impossibility
c) Expected impossibility
a) Operation of law
b) by breach
c) supervening impossibility
Question 26:- A contract to perform the promise or discharge the liability of a third person
in case of his default is called:
a) a contract of insurance
b) a contract of guarantee
c) a contact of bailment
Question 27:- In a contract of guarantee the person for whom the guarantee is given is
called:
a) surety
b) principal debtor
c) creditor
b) the creditor must inform the surety about all his previous dealings with the
debtor
c) both options A and B are correct
Question 30:- which of the options is correct with regard to rights of a creditor in a contract
of guarantee?
a) all remedies against the principal debtor should be exhausted by the creditor before