Indian Contract Act MCQ question and answer

21

In which of the following cases, the Supreme Court held that, in a case of breach of contract, the proof of loss not necessary when genuine pre-estimated loss is stipulated in contract

A) Roop Kumar v. Mohan Thedani, Supreme Court, 2003 B) ONGC Ltd. v. Saw Pipes Ltd., Supreme Court, 2003 C) Pawan Hans Ltd. v. Union of India, Supreme Court, 2003 D) SBI v. United Commercial Bank, Delhi High Court, 2003

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Answer & Solution

Answer: Option B

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22

Consider the following statements:
1. A contract with a minor is void, however, a minor can after attaining majority ratify an agreement made by him during his minority.
2. Minor is not liable for the wrongful act when the cause of action in substance is ex contractu.
Choose the correct option from below:

A) Both 1 and 2 are correct B) Both 1 and 2 are incorrect C) Only 1 is correct D) Only 2 is correct

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Answer & Solution

Answer: Option D

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23

A tells B, "I offer to sell you my horse for an amount between Rs. 10,000 and Rs. 12,000". Which of the following is correct about the offer? It is

A) A valid offer because in an offer a price range may be given B) Not a valid offer because it is uncertain C) Not a proper offer because it is a cross offer D) A valid offer because it is properly made and communicated

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Answer & Solution

Answer: Option B

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24

In which case it was held that a contract through telephone is concluded at the place where acceptance is heard?

A) Lalman Shukla v. Gauri Dutt, (1913) XL ALJR 489 (All) B) Carlill v. Carbolic Smoke Ball Co., (1981-4) All ER Rep 127 C) Bhagwandas Goverdhandas Kedia v. M/s Girdhari Lal Parshottamdas & Co., AIR 1966 SC 543 D) Satyabrata Ghose v. Mugneeram Bangur & Co., AIR 1954 SC 44

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Answer & Solution

Answer: Option C

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25

Frustration of contract is provided by which section of the Indian Contract Act?

A) 70 B) 2(d) C) 56 D) 73

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Answer & Solution

Answer: Option C

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26

If an acceptance on phone is drowned by noise & is not heard by the proposer

A) No contract is concluded B) A valid contract is concluded C) There is a voidable contract D) The contract is void

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Answer & Solution

Answer: Option A

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27

A proposal stands revoked

A) By communication of notice of revocation by the proposer B) By failure of acceptor to fulfil a condition precedent C) By death or insanity of proposer to the knowledge of acceptor D) All the above

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Answer & Solution

Answer: Option D

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28

A contract of guarantee may be made:

A) By a company, by writing under its common seal B) On behalf of a company, by any person acting under its authority, express or implied. Directors may bind themselves personally by a guarantee which they sign or adopt C) Either (A) or (B) D) None of these

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Answer & Solution

Answer: Option C

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29

The first case on the 'doctrine of frustration' as decided by the Supreme Court of India is-

A) Basanti Bastralaya v. River Steam Navigation Co. Ltd. B) Raja Dhruv Dev Chand v. Raja Harmohinder Singh C) Sushila Devi v. Hari Singh D) Satyabrata Ghose v. Mungneeram

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Answer & Solution

Answer: Option D

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30

Section . . . . . . . . to . . . . . . . . of the Contract Act, deals with principal's duty to agent

A) Section 222, 225 B) Section 222, 230 C) Section 222, 235 D) All of above

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Answer & Solution

Answer: Option A

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Indian Contract Act MCQ question and answer | Law MCQ question