Indian Contract Act MCQ question and answer

11

Rescission of the Contract means

A) The renewal of original contract B) Cancellation of contract C) Alteration of contract D) Substitution of new contract in place of earlier one

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Answer & Solution

Answer: Option B

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12

Contract cannot be said to be void on ground of

A) Over consideration B) Inadequacy of consideration C) Over consideration or inadequacy of consideration D) Neither A nor B

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Answer & Solution

Answer: Option D

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13

In case the promisee prescribes the manner and time of performance of promise

A) The performance must be in the manner and at the time prescribed B) The performance can be in a different manner but at the time prescribed C) The performance can be in the manner prescribed but at a time beyond the time prescribed D) The performance need not be in the manner and time prescribed

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Answer & Solution

Answer: Option A

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14

An agreement in restraint of trade is:

A) Valid B) Void C) Void to the extent of such restrain D) Voidable

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Answer & Solution

Answer: Option C

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15

Match the following:

a. Mc Gregor v. Mc Gregor	1. General Proposal
b. Weeks v. Tybald	2. Intention to contract
c. Henderson v. Stevenson	3. Consideration
d. Currie v. Misa	4. Reasonable notice

A) a-2, b-3, c-1, d-4 B) a-2, b-1, c-4, d-3 C) a-4, b-3, c-2, d-1 D) a-4, b-2, c-3, d-1

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Answer & Solution

Answer: Option B

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16

Which one of the following is necessary for a contract?

A) Offer B) Immovable Property C) Movable Property D) None of the above

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Answer & Solution

Answer: Option A

Solution:

A contract is formed when there is a legally enforceable agreement between two or more parties.

One of the essential elements of a valid contract is an offer, which must be made by one party and accepted by the other.

Without an offer, there can be no acceptance, and therefore, no valid contract.

Movable or immovable property is not a mandatory requirement for a contract, as contracts can be formed for various purposes, including services and agreements.

Hence, the correct answer is Offer (Option A).

17

Where the debtor has omitted to intimate, and there are no other circumstances indicating to which debt the payment is to be applied:

A) The creditor may apply it at his discretion to any lawful debt actually due and payable to him from the debtor, provided its recovery is not barred by the law B) It is to be applied in discharge of the debts in order of time C) It is to be applied in discharge of the debts in order of time provided they are not barred by the law of limitation D) The creditor may apply it at his discretion to any lawful debt actually due and payable to him from the debtor, whether its recovery is or is not barred by the law in force for the time being as to the limitation of suits

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Answer & Solution

Answer: Option D

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18

Which one of the following statements with regard to contract is not correct?

A) Performance of the conditions of a proposal, or the acceptance of any consideration for a reciprocal promise which may be offered with a proposal, is an acceptance of the proposal B) An agreement made without consideration can be enforced by law as contract if it is in writing between parties standing in near relationship and is made on account of natural love and affection C) Every agreement in restraint of the marriage of any person, other than a minor, is void D) An acceptance may be revoked at any time before the communication of the acceptance is complete as against the acceptor, but not afterwards

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Answer & Solution

Answer: Option A

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19

A calls up B and asks "Will you sell me your house? SMS me the lowest cash price." B's reply by SMS was "Lowest cash price for my house is rupees 1 crore." A, immediately sent another SMS to B stating "I agree to buy your house for rupees 1 crore, as asked by you." B did not respond and subsequently sold the house to C. B's SMS to A was"

A) An offer B) An acceptance C) An invitation to receive offer D) None of the above

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Answer & Solution

Answer: Option C

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20

'A' promises to make a sculpture for 'B'

A) 'A' must perform this promise personally B) A's son can perform the promise C) A's servant can perform the promise D) A's employer can perform the promise

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Answer & Solution

Answer: Option A

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Indian Contract Act MCQ question and answer | Law MCQ question