Indian Contract Act MCQ question and answer | Law MCQ question

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.

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

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.

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

An executed consideration

An agreement is valid

'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

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

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.