Indian Contract Act MCQ question and answer | Law MCQ question

Ghanshyam and Afzal are good friends. They are traders and together keep on doing business transaction very often. In April 2016, they enter in a contract. Afzal has certain confidential information from his private sources about some change in prices that would affect Ghanshyam's willingness to proceed with the contract. As per Indian Contract Act, 1872, identify which of the following is applicable.

A's son forged B's name to a promissory note. B under threat of prosecuting A's son obtains a bond from A for the amount of the forged note. If B sues on this bond the court

In a valid contract, what comes first

For the purpose of pledge, delivery of possession of goods

The acceptance must be

When consent to an agreement is caused by misrepresentation under Indian Contract Act, 1872 the agreement is:

An agreement not enforceable by law is said to be:

Mistake as to law in force in India makes the contract:

"Commercial impossibility is no impossibility at all." This rule of law was laid down by the Supreme Court in the case of

Mohit lends Rs. One Lakh to Som where Narain was the surety. The contract in this transaction provided that the liability of Narain is limited to Rs. 50,000. The contract is: