Indian Contract Act MCQ question and answer

31

The leading case of Harvey v. Facey relates to which one of the following

A) Conditional acceptance B) Cross proposal C) Continuing offer D) Invitation to offer

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Answer & Solution

Answer: Option D

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32

Quasi contractual obligations are based on the theory propounded by whom?

A) Lord Wright B) Lord Sumner C) Anson D) Lord Mansfield

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Answer & Solution

Answer: Option D

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33

An apparently valid agreement may be vitiated if the consent is obtained erroneously regarding:-

A) Opinion as to subject-matter B) Valuation as to the nature of the transaction C) Representation as to the nature of the transaction D) None of the above

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Answer & Solution

Answer: Option C

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34

A contract is not frustrated:

A) By commercial impossibility B) By imposition of government restriction or order C) By destruction of subject-matter of contract D) By death or incapability of party when contract is of personal services

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Answer & Solution

Answer: Option A

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35

Insurance is a:

A) Contingent contract B) Wagering contract C) Contract of indemnity D) Contract of guarantee

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Answer & Solution

Answer: Option A

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36

Pledge under section 172 of Indian Contract Act has been defined as

A) A licence to take possession of goods B) An agreement to give possession of goods C) Bailment of goods as a security for payment of a debt or for performance of a promise D) Both A and B

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Answer & Solution

Answer: Option C

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37

If the time is not the essence of the contract the failure to perform the contract by the specified time makes the contract

A) Void B) Voidable at the instance of the promisee C) Remains valid but the promisee can claim compensation for the loss suffered by him by such failure D) Remains valid & can be performed at any subsequent time without being liable for the loss suffered by the promisee

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Answer & Solution

Answer: Option C

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38

A contract or an obligation to perform a promise could arise by

A) Agreement and Contract B) Promissory Estoppel C) Standard form of contracts by promise D) All of the above

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Answer & Solution

Answer: Option D

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39

Enforceable agreements are the one

A) Made by free consent B) Parties to the contract are competent to enter into an agreement C) Having lawful consideration & lawful object D) All the above

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Answer & Solution

Answer: Option D

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40

Who is called a "promisee" according to the Contract Act?

A) A person to whom a proposal is made B) A person accepting the proposal C) A person furnishing the consideration for the promise D) A person to whom a promise is made

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Answer & Solution

Answer: Option B

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Indian Contract Act MCQ question and answer | Law MCQ question