Indian Contract Act MCQ question and answer

11

Section 74 applies

A) Where the actual damage or loss has been proved to be caused by breach B) Where the actual damage or loss has not been proved to be caused by the breach C) In both A and B D) Neither A nor B nor C

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Answer & Solution

Answer: Option C

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12

A agrees to let her daughter to hire to B for concubinage. The agreement is:

A) Valid B) Moral C) Void because it is immoral D) If daughter is major then agreement is valid

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Answer & Solution

Answer: Option C

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13

A contract induced by mistake of law is:

A) Void agreement B) Voidable agreement C) Valid contract D) Unenforceable contract

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Answer & Solution

Answer: Option C

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14

In cases of general offer, for a valid contract

A) The acceptor need not have the knowledge of the offer B) The acceptor must have the knowledge of the offer before acceptance by performance C) The acceptor may acquire the knowledge of the offer after the performance of the condition for acceptance D) Knowledge does not matter so long as the condition is performed with or without knowledge

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Answer & Solution

Answer: Option B

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15

A contingent contract based on the specified uncertain event happening within a fixed time under section 35

A) Remains valid even if the event does not happen within that fixed time B) Becomes void at the expiration of the time fixed C) Becomes void if the happening of that event becomes impossible before the expiry of time fixed D) Both B and C

Discuss

Answer & Solution

Answer: Option D

Solution:

A contingent contract is a contract that depends on the happening or non-happening of a specified uncertain event. According to Section 35 of the Indian Contract Act, a contingent contract based on the specified uncertain event happening within a fixed time has certain implications:

Option A: This option is incorrect. A contingent contract does not remain valid if the specified uncertain event does not happen within the fixed time. It becomes void.

Option B: This option is correct. A contingent contract becomes void at the expiration of the time fixed if the specified uncertain event does not occur within that time frame.

Option C: This option is also correct. If the happening of the event becomes impossible before the expiry of the time fixed, the contingent contract also becomes void.

Option D: This option is correct as it includes both option B and option C, which are the correct outcomes of a contingent contract under Section 35 of the Indian Contract

16

In case of co-sureties, release of one surety by the creditor

A) Amounts to discharge of other sureties B) Does not amount to discharge of other sureties C) Amounts to discharge of the surety so released vis-a-vis co-sureties as well D) None of the above

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Answer & Solution

Answer: Option B

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17

Ramesh employs Suresh to beat Mahesh. Ramesh promises to indemnify Suresh against all the consequences of the act. Suresh beats Mahesh and has to pay damages to Mahesh for the beatings committed upon him.

A) Ramesh is liable to indemnity Suresh for those damages B) Ramesh is not liable to indemnify Suresh for those damages C) Ramesh is liable to indemnify Mahesh for the loss occurred due to the beatings D) Ramesh is liable to indemnify both Suresh and Mahesh

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Answer & Solution

Answer: Option B

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18

Quid pro quo means . . . . . . . . :

A) Something in return B) Adequacy of consideration C) Sufficiency of consideration D) Value of promise

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Answer & Solution

Answer: Option A

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19

A applies to a banker for a loan at a time when there is stringency in the money market. The banker declines to make the loan except at an unusually high rate of interest. A accepts the loan on these terms.

A) The contract is valid and not induced by the undue influence B) The contract is voidable because it is induced by undue influence C) The contract is void because it is induced by undue influence D) None of the above

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Answer & Solution

Answer: Option A

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20

Where a contract consists of reciprocal promises and such reciprocal promises are to be simultaneously performed:

A) Promisor need not perform his part of promise at all B) Promisor need not perform his part of promise unless promisee is ready and willing to perform his reciprocal promise C) Promisor has to compel promisee to perform his promise first D) There is no valid contract at all

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Answer & Solution

Answer: Option B

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Indian Contract Act MCQ question and answer | Law MCQ question