Indian Contract Act MCQ question and answer

91

Lending money to a borrower at high rate of interest, when money market is tight, renders the agreement of loan

A) Valid B) Void C) Voidable D) Illegal

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Answer & Solution

Answer: Option A

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92

Section 73 of the Act is based on which of the judicial pronouncement?

A) Carlill v. Carbolic Smoke Ball Co. B) Hadley v. Baxendale C) Taylor v. Portington D) Simpson v. London and North Western Railway

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Answer & Solution

Answer: Option B

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93

Which of the following is correct? A contract

A) May be oral B) Must be in writing C) Must be made in the presence of witnesses D) Must be written on a stamp paper

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Answer & Solution

Answer: Option A

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94

A notice in the newspapers inviting tenders is:

A) A proposal B) A promise C) An invitation to proposal D) An invitation for negotiation

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Answer & Solution

Answer: Option C

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95

In Seksaria Cotton Mills Ltd. v. State of Bombay, the Supreme Court described the role of

A) Auctioneer B) Del Credere Agent C) Factors D) Broker

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Answer & Solution

Answer: Option B

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96

A and B contract to marry each other. Before the time for the marriage, A goes and mad. The contract becomes

A) Void B) Illegal C) Valid D) Voidable

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Answer & Solution

Answer: Option A

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97

A promises to deliver his watch to B and, in return, B promises to pay a sum of Rs 2,000. This is a/an

A) Agreement B) Proposal C) Acceptance D) Offer

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Answer & Solution

Answer: Option A

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98

Which statement is not true?

A) A proposal is revoked by the communication of notice of revocation by the proposer to the other party B) A proposal is revoked by the lapse of time prescribed in such proposal for its acceptance C) A proposal is revoked by the lapse of reasonable time, if no time is prescribed D) A proposal is revoked by not meeting at the time prescribed

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Answer & Solution

Answer: Option D

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99

In which of the following circumstances a surety stands discharged?

A) By release or discharge of the principal debtor B) By variance in the terms of contract C) A and B both D) None of these

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Answer & Solution

Answer: Option C

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100

A, a signer, contracts with B, the manager of a theatre for two nights in every week during the next two months, and B engages to pay her a hundred rupees for each night's performance. On the sixth night, A willfully absents herself from the theatre, and B, in consequence rescinds the contract.

A) B must pay A for the three nights on which she had sung B) B must pay A for the four nights on which she had sung C) B must pay A for the five nights on which she had sung D) None of these

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Answer & Solution

Answer: Option C

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Indian Contract Act MCQ question and answer | Law MCQ question