Indian Contract Act MCQ question and answer | Law MCQ question
Indian Contract Act MCQ question and answer with easy explanations in Law MCQ. Indian Contract Act MCQ section is suitable for aspirants preparing for competitive exams like NET, UPSC, JRF, SET,UGC NET other law exams etc. Page-2 section-4
Each section contains 100 MCQs on
Indian Contract Act .
Which of the following statement/s is/are correct?
Consideration is:
1. A price for any promise.
2. Only a moral obligation.
3. A motive for any promise.
4. Something of value in the eye of law.
A, a married woman, agreed to live in adultery with B and also agreed to serve him as his house keeper. In return, B agreed to pay A Rs. 500 per month for living in adultery and Rs. 500 per month for house keeping. The agreement is
A' contracts to sell and deliver 500 bales of cotton to 'B' on a fixed day. 'A' knows nothing of B's mode of conducting his business. 'A' breaks his promise and 'B', having no cotton is obliged to close his mill. Is 'A' responsible for the loss caused to 'B' by the closing of Mill?
