Indian Contract Act MCQ question and answer | Law MCQ question

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91.
In which of the following types of contract, consideration is not necessary?

A. Partnership

B. Agency

C. Pledge

D. Bailment

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92.
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

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93.
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

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94.
A guarantee

A. Has to be in written

B. Can be oral

C. Can be oral or in writing

D. Neither A nor B

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95.
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

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96.
"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

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97.
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

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98.
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

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99.
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

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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

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Indian Contract Act MCQ question and answer | Law MCQ question

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

Answer & Solution

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

Answer & Solution

93. What is reasonable time for performance of a contract

Answer & Solution

94. A guarantee

Answer & Solution

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

Answer & Solution

96. "Continuing Guarantee" has been defined

Answer & Solution

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

Answer & Solution

98. Whether release of one co-surety discharge the others

Answer & Solution

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

Answer & Solution

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

Answer & Solution

Read More Section(Indian Contract Act)

91.
In which of the following types of contract, consideration is not necessary?

92.
Promises which form the consideration or part of the consideration for each other are called

93.
What is reasonable time for performance of a contract

94.
A guarantee

95.
In which of the following sections, the Indian Contract Act embodies the rule of Clayton's case relating to appropriation of payments?

96.
"Continuing Guarantee" has been defined

97.
A contract between an insurance company and vehicle owner to save the later from consequences of a vehicular accident is a contract of

98.
Whether release of one co-surety discharge the others

99.
Which one of the following agreements is held to be opposed to public policy?

100.
Extent of surety's liability has been provided under contract Act in:-