11
In a contract of guarantee
A)
There are two parties and one contract
B)
There are two parties and two contracts
C)
There are three parties & three contracts
D)
There are three parties & one contract
Answer & Solution
Answer: Option
D
12
What is true of misrepresentation
A)
It is the same thing as fraud
B)
It renders the contract voidable
C)
It may be due to innocence
D)
Both B and C
Answer & Solution
Answer: Option
D
13
The case of Mohori Bibi v. Dhanno Das Ghose
A)
1 and 3
B)
3 alone
C)
1 and 2
D)
2 alone
Answer & Solution
Answer: Option
D
14
Which one of the following does not amount to fraud?
A)
Active concealment of a fact
B)
A promise made without any intention of performing it
C)
Suggestion as to a fact, which is not true, by one who does not believe it to be true
D)
A representation made without knowing it to be false, honestly believing it to be true
Answer & Solution
Answer: Option
D
15
As per the objective test of offer:
A)
Once the parties have by all outward appearances agreed in the same terms on the same subject-matter, then neither can, generally, rely on some unexpressed qualification or reservation to show that he had not in fact agreed to the terms to which he had appeared to agree.
B)
Once the parties have mentally decided to agree in the same terms on the same subject-matter, then neither can generally rely on any unexpressed reservation to show that she had not in fact agreed on the same terms in the same sense.
C)
Once the parties have been forced to agree, then not with standing the fact that outwardly they may not have appeared to agree, they can in fact be bound by the terms and subject-matter of the agreement
D)
None of the above
Answer & Solution
Answer: Option
A
16
Principal can revoke the authority given to the agent
A)
At any time before the authority has been exercised
B)
At any time after the authority has been partly exercised without liability towards the acts done
C)
At any time after the authority has been fully exercised
D)
All the above
Answer & Solution
Answer: Option
A
17
Section 170 of Indian Contract Act deals with:
A)
General lien
B)
Particular lien
C)
Wharfinger lien
D)
Broker's lien
Answer & Solution
Answer: Option
B
18
Which of the following statement is true?
A)
Both (In case of initial impossibility agreement is termed as void) and (In case of subsequent impossibility contract becomes void) are true
B)
Both (In case of initial impossibility agreement is termed as void) and (In case of subsequent impossibility contract void) are false
C)
In case of initial impossibility agreement is termed as void
D)
In case of subsequent impossibility contract becomes void
Answer & Solution
Answer: Option
A
19
Relief for rescission is granted in cases:
A)
Where the contract is void
B)
Where is contract is voidable
C)
Both A and B
D)
Neither A nor B
Answer & Solution
Answer: Option
B
20
Which of the following is not correct under the Indian Contract Act, 1872?
A)
The suggestion, as a fact, of that which is not true, by a party to contract, who does not believe it to be true is fraud
B)
Active concealment of a fact by a party to contract, having knowledge or belief of the fact is misrepresentation (fraud)
C)
The positive assertion, in a manner not warranted by the information of the person making it, of that which is not true, though he believes it to be true is misrepresentation
D)
A fraud which did not cause the consent to a contract of the party on whom such fraud was practiced, does not render a contract voidable
Answer & Solution
Answer: Option
B
