Indian Contract Act MCQ question and answer | Law MCQ question Page-4 section-13

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31.
Which of the following statements are true?
(1) Minor's contract can be ratified on attaining majority.
(2) Minor's contract cannot be ratified on attaining majority.
(3) Minor's contract can be ratified jointly by both the parties to the contract.
(4) Minor is not liable under minor's contract.
(5) Minor's contract is an enforceable contract.

A. 1 and 3

B. 5 and 2

C. 2 and 4

D. 2 and 3

E. 3 and 4

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32.
In which of the following cases it was held that the "Liability of guarantor is coextensive with that of principal debtors"?

A. Infrastructure Leasing & Financial Services Ltd. v. Vijay V. Prabhu, AIR 2010 Bom 72

B. Manita Khurana v. Indra Khurana, AIR 2010 Del 69

C. Bar Council of Delhi v. Surender, AIR 2010 Del 75

D. Purabi Dasgupta v. Arun Kumar, AIR 2010 Gau 66

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33.
A can tracts to sell and deliver 50 maunds of saltpetre to B, at a certain price to be paid on delivery. A breaks his promise.

A. B is not entitled to receive from A, by way of compensation, the sum, if any, by which the contract price falls short of the price for which B might have obtained 50 maunds of saltpetre of like quality at the time when the saltpetre ought to have been delivered

B. B is entitled to receive from A, by way of compensation, the sum, if any, by which the contract price does not fall short of the price for which B might have obtained 50 maunds of saltpetre of like quality at the time when the saltpetre ought to have been delivered

C. B is entitled to receive from A, by way of compensation, the sum, if any, by which the contract price falls short of the price for which B might have obtained 50 maunds of saltpetre of like quality at the time when the saltpetre ought to have been delivered

D. None of these

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34.
Finder of lost goods under Indian Contract Act, 1872 is a:

A. Bailor

B. Surety

C. Bailee

D. None of the above

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35.
An executed consideration

A. Is an act or actual forbearance against a future promise

B. Liability is outstanding on one side only

C. Can be positive or negative

D. All the above

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36.
An agreement is valid

A. Which creates legal and social obligations of the parties

B. Which creates rights of a party

C. Which is written on a piece of paper and signed by the parties

D. Which creates legally binding right and obligations of the parties to it

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37.
'X', a Delhi merchant & native of Delhi entered into contract with 'Y', a Jabalpur merchant for the purchase of 50 quintals of Sitaphal. In Delhi Sitaphal is a vegetable, while in Jabalpur it is a fruit

A. The terms of contract are to be interpreted as per meaning of the proposer

B. The terms of the contract have to be interpreted as per the meaning understood by the acceptor

C. The contract is void on account of mutual mistake as to the meaning of sitaphal

D. No concluded contract has come into being as there was no meeting of minds

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38.
Which of the following sections of the Indian Contract Act, 1872 imposes on a person, who sues for damages, a duty to mitigate the loss consequent upon the breach of contract?

A. Section 72

B. Section 73

C. Section 74

D. Section 75

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39.
A contracts to pay B a sum of money when B marries C. C dies without being married to B.

A. The contract still can be forced

B. The contract becomes void

C. Either (A) or (B)

D. None of these

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40.
Which of the statements given below is/are correct?
1. An agreement, without consideration, in writing and registered, made on account of natural love and affection between parties standing in a near relation, is a valid contract.
2. If any part of a single consideration for one or more objects, is unlawful, the agreement is a voidable contract.

A. 1 only

B. 2 only

C. Both 1 and 2

D. Neither 1 nor 2

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Indian Contract Act MCQ question and answer | Law MCQ question

Answer & Solution

32. In which of the following cases it was held that the "Liability of guarantor is coextensive with that of principal debtors"?

Answer & Solution

33. A can tracts to sell and deliver 50 maunds of saltpetre to B, at a certain price to be paid on delivery. A breaks his promise.

Answer & Solution

34. Finder of lost goods under Indian Contract Act, 1872 is a:

Answer & Solution

35. An executed consideration

Answer & Solution

36. An agreement is valid

Answer & Solution

37. 'X', a Delhi merchant & native of Delhi entered into contract with 'Y', a Jabalpur merchant for the purchase of 50 quintals of Sitaphal. In Delhi Sitaphal is a vegetable, while in Jabalpur it is a fruit

Answer & Solution

38. Which of the following sections of the Indian Contract Act, 1872 imposes on a person, who sues for damages, a duty to mitigate the loss consequent upon the breach of contract?

Answer & Solution

39. A contracts to pay B a sum of money when B marries C. C dies without being married to B.

Answer & Solution

Answer & Solution

Read More Section(Indian Contract Act)

32.
In which of the following cases it was held that the "Liability of guarantor is coextensive with that of principal debtors"?

33.
A can tracts to sell and deliver 50 maunds of saltpetre to B, at a certain price to be paid on delivery. A breaks his promise.

34.
Finder of lost goods under Indian Contract Act, 1872 is a:

35.
An executed consideration

36.
An agreement is valid

37.
'X', a Delhi merchant & native of Delhi entered into contract with 'Y', a Jabalpur merchant for the purchase of 50 quintals of Sitaphal. In Delhi Sitaphal is a vegetable, while in Jabalpur it is a fruit

38.
Which of the following sections of the Indian Contract Act, 1872 imposes on a person, who sues for damages, a duty to mitigate the loss consequent upon the breach of contract?

39.
A contracts to pay B a sum of money when B marries C. C dies without being married to B.