Indian Contract Act MCQ question and answer

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Each section contains 100 MCQs on Indian Contract Act .

In which of the following types of contract, consideration is not necessary?

A) Partnership B) Agency C) Pledge D) Bailment

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Promises which form the consideration or part of the consideration for each other are called

A) Reciprocal promises B) Cross offer C) Conditional offer D) Conditional promises

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

What is reasonable time for performance of a contract

A) Is a question of fact B) Is a question of law C) Is a mixed question of fact & law D) Is a question of prudence

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

A guarantee

A) Has to be in written B) Can be oral C) Can be oral or in writing D) Neither A nor B

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

In which of the following sections, the Indian Contract Act embodies the rule of Clayton's case relating to appropriation of payments?

A) Section 62 B) Section 59 C) Section 58 D) Section 61

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

"Continuing Guarantee" has been defined

A) Under Section 124 of the Indian Contract Act B) Under Section 129 of the Indian Contract Act C) Under Section 146 of the Indian Contract Act D) Under Section 147 of the Indian Contract Act

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

A contract between an insurance company and vehicle owner to save the later from consequences of a vehicular accident is a contract of

A) Guarantee B) Surety C) Bailment D) Indemnity

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Whether release of one co-surety discharge the others

A) Yes B) No C) To the extent of the share of discharged co-surety D) None of these

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Which one of the following agreements is held to be opposed to public policy?

A) The arbitration clause for the application of foreign law B) Payment in foreign currency C) Agreement for payment of less salary D) Arbitrators residing in the foreign country

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

100

Extent of surety's liability has been provided under contract Act in:-

A) Section 124 B) Section 126 C) Section 127 D) Section 128

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

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Indian Contract Act MCQ question and answer | Law MCQ question