91
An agreement which is enforceable by law at the option of one or more of the parties thereto, but not at the option of the other or others, is a
A)
Valid contract
B)
Unenforceable contract
C)
Voidable contract
D)
Quasi contract
Answer & Solution
Answer: Option
C
92
When the consent of a party to a contract is caused by coercion, the contract is:
A)
Voidable at the option of the party whose consent is so caused
B)
Voidable at the option of either party
C)
Void
D)
Illegal
Answer & Solution
Answer: Option
A
93
Drawing cash form ATM, sale by fall of hammer at an auction sale, etc., are example of
A)
Express Contract
B)
Implied Contract
C)
Tacit Contract
D)
Unlawful Contract
Answer & Solution
Answer: Option
C
94
Under Indian Contract Act, where both parties are under mistake as to matter of fact, the agreement is
A)
Void
B)
Valid
C)
Voidable
D)
Illegal
Answer & Solution
Answer: Option
A
95
When a minor is supplied with necessaries of life, the supplier:
A)
Cannot recover the price
B)
Can recover the price
C)
Can recover the price from the property of minor
D)
Can file a criminal case
Answer & Solution
Answer: Option
C
96
A', a businessman, leaves goods at 'B's house by mistake. 'B' treats the goods as his. Is 'B' liable to pay?
A)
No, 'B' is not liable to pay
B)
Yes, 'B' is liable to pay
C)
B' has an option to pay
D)
B' may partly pay
Answer & Solution
Answer: Option
B
97
Under the Indian Contract Act, 1872, in which of the following cases, the presumption of agents personal liability does not arise?
A)
Where an agent contracts for "a merchant resident abroad"
B)
Where the agent does not disclose the name of his principal
C)
Where the principal, though disclosed, cannot be sued
D)
Where the agent contracts with a party who knows that the principal is a minor
Answer & Solution
Answer: Option
D
98
What is contract of indemnity:
A)
A contract by which one party promises to save any third party from loss caused to that party by the contract of the promisor himself, or by the conduct of any other person
B)
A contract by which one party promises to provide insurance to the other in order to cover up any losses that may arise in the contract
C)
A contract by which one party promises to save the other from loss caused to him by the contract of the promisor himself, or by the conduct of any other person
D)
A contract in which one party appoints a guarantor to cover up any losses that may arise in the contract
Answer & Solution
Answer: Option
C
99
Consider the following statements with regard to "uberrimae feidei" and find out which of them is correct.
A)
1, 2 and 3
B)
1 and 3 only
C)
2 and 3 only
D)
1 and 2 only
Answer & Solution
Answer: Option
B
100
A without authority of B lends money of B to C. Afterwards, B accepts interest on money from C. What does B's conduct lead to?
A)
Agency by necessity
B)
Agency by holding out
C)
Agency by estoppel
D)
Agency by ratification
Answer & Solution
Answer: Option
D
