11
Which one of the following is explicitly stated in Section 2(b) of the Indian Contract Act 1872?
A)
A proposal, when accepted becomes a promise
B)
A proposal, when accepted become a contract
C)
A proposal, when accepted becomes an agreement
D)
A proposal, when accepted becomes assurance
Answer & Solution
Answer: Option
A
12
In cases of refusal to perform by one party, the other party
A)
Can ignore the notice of refusal for the time being and wait till the time when the contract is to be executed
B)
Can treat the repudiation as wrongful putting an end to the contract
C)
Can waive his right to rescission by acquiescence
D)
All the above
Answer & Solution
Answer: Option
D
13
An agreement by which one is restrained from exercising a lawful profession, trade or business of any kind is:-
A)
To that extent void
B)
Voidable at the option of party who has been restrained
C)
Valid and enforceable at law
D)
Illegal
Answer & Solution
Answer: Option
A
14
When, at the desire of the promisor, the promisee or any other person has done or abstained from doing or, does or abstains from doing or promises to do or to abstain from doing something, such act or abstinence or promise under section 2(d) is called
A)
Reciprocal promise
B)
Consideration for the promise
C)
Counter offer
D)
Acceptance
Answer & Solution
Answer: Option
B
15
Which of the statements as to consideration is not correct:
A)
It may be past also
B)
It need not be adequate
C)
Stranger to it cannot sue
D)
It must be real
Answer & Solution
Answer: Option
C
16
An Agreement in restraint of marriage of any person other than a minor is a-
A)
Legal Contract
B)
Voidable Contract
C)
Fraudulent Contract
D)
Void Contract
Answer & Solution
Answer: Option
D
17
A owns a residential flat. He is entitled to quiet possession and enjoyment of his property. This is called
A)
Rights in Personam
B)
Rights is Rem
C)
Moral Right
D)
There is no right at all
Answer & Solution
Answer: Option
B
18
The codified law for the law of Contract in India is
A)
Indian Contract Act, 1872
B)
Indian Contract Act, 1973
C)
Indian Contract Act, 1992
D)
Indian Contract Act, 1901
Answer & Solution
Answer: Option
A
19
The delivery of goods by one person to another for some specific purpose is known as
A)
Bailment
B)
Pledge
C)
Hypothecation
D)
Mortgage
Answer & Solution
Answer: Option
A
20
An obligation under a contract stands discharged
A)
By proper performance
B)
By dispensation with the performance
C)
By death of the contracting party if the contract is personal in nature
D)
All the above
Answer & Solution
Answer: Option
D
