Indian Contract Act MCQ question and answer

31

A 'Contingent contract' is a contract

A) To do something, if some event, collateral to such contract, does happen B) To do something, if some event, does happen C) To do or not to do something, if some event, collateral to such contract, does or does not happen D) Not to do something, if some event, collateral to such contract, does or does not happen

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Answer & Solution

Answer: Option C

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32

A becomes surety to C for B's conduct as a manager of C's bank. Afterwards B and C contract, without A's permission that B shall become liable for one-fourth of the losses on overdraft. B allows a customer to withdraw and the bank losses a sum of money. To make good this loss A is-

A) Wholly liable B) Not liable C) Liable to the extent of one-fourth D) Liable to the extent of three-fourth

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Answer & Solution

Answer: Option B

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33

The liability of the surety under the contract of guarantee is

A) Several with that of the principal debtor B) Alternate with that of the principal debtor C) Coextensive with that of the principal debtor D) All of the above

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Answer & Solution

Answer: Option C

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34

A agrees to sell his car to B at a price which B may be able to pay. This agreement is

A) Void B) Valid C) Voidable D) Contingent

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Answer & Solution

Answer: Option B

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35

A contingent contract

A) Is void B) Never becomes void C) Becomes void when the event becomes impossible D) Is voidable

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Answer & Solution

Answer: Option C

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36

A guarantee obtained by misrepresentation or concealment is

A) Invalid B) Valid C) Voidable D) Illegal

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Answer & Solution

Answer: Option A

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37

A pays Rs. 10,000 to B for manufacturing a machine. When it is partly manufactured, the contract is discharged by frustration. What is the remedy available to parties?

A) A can recover Rs. 10,000 from B B) A need not pay any further amount to B C) B can retain Rs. 10,000 D) B is entitled only to expenses incurred before the time of discharge

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Answer & Solution

Answer: Option D

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38

A' agrees to pay 'B' a sum of money if 'B' gets married to 'C'. 'C' marries 'D'. In such a situation, which one of the following statements, is correct?

A) The agreement will be effective when 'C' will divorce 'D' B) The performance of the agreement will be deemed impossible C) B' is bound to get married to 'C' under the agreement D) A' is bound to pay 'B' the agreed sum of money

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Answer & Solution

Answer: Option B

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39

A suit for money paid and received does not lie in the following set of circumstances:

A) Money paid by plaintiff to the defendant which he seeks to recover B) Money paid by the plaintiff to a third party for the benefit of the defendant which the plaintiff seeks to recover C) Money received by the defendant from third parties in circumstances in which it will not be looked upon as a plaintiffs money which he seeks to recover D) None of the above

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Answer & Solution

Answer: Option B

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40

Adomsen v.Tarois is a leading case on

A) Bailment B) Contract of Indemnity C) Contract of Guarantee D) Pledge

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Answer & Solution

Answer: Option A

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Indian Contract Act MCQ question and answer | Law MCQ question