Indian Contract Act MCQ question and answer | Law MCQ question

Consider the following statements:
1. An auctioneer's announcement to sell an artifact through auction on a certain day is not an offer but only an invitation to offer.
2. The highest bid in an auction is merely an offer which an auctioneer mayor may not accept.
Which of the statements given above is/are correct?

Agent is a

As a general rule, an agreement made without consideration is

Bailment involves

Indian Contract Act:- Two parties entered into contract. They later realized that there was a mistake in their understanding of law as applicable in India. This make their contract

Which of the following statements are correct?
(1) A minor fraudulently misrepresenting his age is not stopped from denying the truth of his statement.
(2) A minor fraudulently misrepresenting his age is stopped from denying the truth of his statement.
(3) Estoppel does not operate to render a statute ineffective and so minor's agreement is always void.
Choose the correct answer from the given below:

While determining damages for breach of contract, which of the following are taken into account?

An acceptance containing additions, limitations or other modifications shall amount to

A farmer whose crop is partially destroyed every year by crickets reads an advertisement addressed to farmers to save their crop from the menace of crickets, asking them to send rupees five thousand for a machine to effectively kill crickets. A sends rupees five thousand and receivesby mail one wooden block and a hammer with the instructions 'put a cricket on one block and hammer it and it will certainly die, repeat the performance till all the crickets are destroyed'. A rightly alleges that the contract is not binding on him as his consent to purchase the machine was obtained through

Provision for the prevention of unjust enrichment of a person is contained in: