ExamVeda
Login
Home

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-3 section-1

Each section contains 100 MCQs on Indian Contract Act .
21
A revokes his proposal made to B by telegram. Under Section 4 of the Indian Contract Act, 1872, the revocation is complete as against A when the telegram is . . . . . . . .
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
22
Where the rate of interest prescribed in case of breach is too high, the Court can interfere
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
23
The obligation to restore advantage in a void agreement is provided by
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
24
Which of the following is correct
Discuss
Answer & Solution
Answer: Option D
Solution:
The correct answer is Option D: All the above.

In the context of the Indian Contract Act, these options pertain to specific scenarios where pledges are considered valid:

- Option A: A pledge made by a mercantile agent is valid. A mercantile agent is a person who, in the ordinary course of business, has authority to pledge goods as security. Such pledges are recognized as valid under certain conditions.

- Option B: A pledge made by a person in possession under a voidable contract is valid. A voidable contract is one that is initially valid but can be voided by one of the parties due to factors like fraud or misrepresentation. Until the contract is voided, any pledge made by a person in possession is considered valid.

- Option C: A pledge by a person having a limited interest is valid to the extent of that interest. This means that if someone pledges property in which they have a limited or partial ownership interest, the pledge is valid only to the extent of that ownership interest.

So, Option D: All the above is correct because all three scenarios mentioned in Options A, B, and C can result in valid pledges under specific circumstances as defined by the Indian Contract Act.
25
Match List I containing with List II containing the important principles used in deciding these cases and choose the correct options from the given below:
List-I List-II
a. Durga Prasad v. Baldeo 1. The other party has done nothing in response to unilateral promise and hence no consideration.
b. Abudl Aziz v. Masum Ali 2. No stranger to the consideration can take advantage of a contract, although made for his benefit.
c. Dutton v. Poole 3. Act was not done at the desire of the promisor and hence no consideration.
d. Tweddle v. Atkinson 4. The agreement may be enforced by the third person for whose benefit the agreement was made.
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
26
When a sub-contractor had under-taken some part of the work in connection with the project which was entrusted to contractor, he cannot be treated as
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
27
In a contract consideration could be supplied by . . . . . . . . :
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
28
In Indian Contract Act, Contingent contract is defined under
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
29
Contract is defined as agreement enforceable by law, vide Section . . . . . . . . of the Indian Contract Act.
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
30
Who said that "An offer need not be made to an ascertained person, but no contract can arise until it has been accepted by an ascertained person"?
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board