Indian Contract Act MCQ question and answer

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Each section contains 100 MCQs on Indian Contract Act .

If the parties to a contract agree to substitute a new contract for it, or to rescind or alter it, the original contract

A) Need not be performed B) Has to be performed C) Has to be discharged D) None of the above

Discuss

Answer & Solution

Answer: Option A

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

The bailment of goods as security for payment of a debt or performance of a promise is called

A) Bailment B) Mortgage C) Pledge D) Charge

Discuss

Answer & Solution

Answer: Option C

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

A person employed to do any act for another or to represent another in dealings with the third person is:

A) A principal B) A pawnor C) An agent D) A bailor

Discuss

Answer & Solution

Answer: Option C

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

Which one of the following essentials of contract does not find place in the Indian Contract Act, 1872?

A) Competency of Parties B) Real consideration C) Intention of contract D) Lawful object

Discuss

Answer & Solution

Answer: Option C

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

A power of attorney executed by 'A' in favour of 'B' remains valid and effective notwithstanding death of 'A':

A) As the power of attorney was executed by 'A' during his lifetime B) As long as 'B' is not aware of the death of 'A' C) As long as legal representatives of 'A' do not cancel the said attorney D) If the same has been executed for consideration

Discuss

Answer & Solution

Answer: Option D

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

Which of the following is a valid guarantee

A) Guarantee of a minor's debt B) Guarantee of a debt of a company acting ultra vires in obtaining the loan C) Both A and B D) Neither A nor B

Discuss

Answer & Solution

Answer: Option A

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

The case of Hadley v. Baxendale is related to:-

A) Nature of minor's agreement B) Contingent contracts C) Damages for breach of contract D) Impossibility of performance

Discuss

Answer & Solution

Answer: Option C

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

An agency under the Contract Act is terminated by

A) Principal revoking his authority B) The death of either principal or agent C) Principal being adjudicated an insolvent D) All of the above

Discuss

Answer & Solution

Answer: Option D

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

The provision about performance of reciprocal promises has been provided under the Indian Contract Act, 1872 from

A) Sections 10 to 12 B) Sections 13 to 22 C) Sections 51 to 54 D) Sections 59 to 64

Discuss

Answer & Solution

Answer: Option C

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

100

Which of the following maxims is not related to the law of Contract?

A) Consensus ad idem B) Assentio mentum C) Ex nudo pacto non oritur action D) Actus Non Facit Reum Nisi Mens Sit Rea

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