Indian Contract Act MCQ question and answer

41

The defence of "non est factum" is available to the contracting party who has committed mistake as to the-

A) Nature of contract B) Identity of the other contracting party C) Quality of the promise made by the other contracting party D) Quality of the subject matter of the contract

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Answer & Solution

Answer: Option A

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42

A contract made by a minor is void ab initio. It was laid down in

A) Kanhiyalal v. Girdhari Lal B) Mohammad Saeed v. Vishambhar Dayal C) Mohori Bibi v. Dharmo Dass Ghosh D) Lalman Shukla v. Gauri Dutt

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Answer & Solution

Answer: Option C

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43

Which one of the following agreements is valid?

A) A agrees to sell B "a hundred tons of oil" B) A agrees to sell his white horse for Rs. One lakh or Rs. One and half lakh C) A agrees to sell B 100 tons of oil D) A agrees to sell to B "all the grain in my godown at Delhi"

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Answer & Solution

Answer: Option D

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44

When an instrument in writing does not express the real intention then either party may institute a suit for

A) Cancellation of instrument B) Rectification of instrument C) Rescission of instrument D) Impounding of instrument

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Answer & Solution

Answer: Option B

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45

Every promise and every set of promises, forming the consideration for each other, is an agreement. This has been provided under the following section of the Contract Act, 1872:

A) Section 2(b) B) Section 2(d) C) Section 2(e) D) Section 2(h)

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Answer & Solution

Answer: Option C

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46

In case of breach of contract which of the following remedy is available to the aggrieved party?

A) Suit for recession B) Suit for damages C) Suit for specific performance D) All of these

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Answer & Solution

Answer: Option D

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47

A' contract to sing for 'B' at a concert for Rs. 50,000/- which are paid in advance. 'A' is too ill to sing on the day of the concert. The consequence is

A) A' is bound to make compensation to 'B' for the loss of the profits which 'B' would have made if 'A' had been able to sing B) A' is bound to refund to 'B' Rs. 50,000/- paid in advance C) A' can be forced to sing at the concert D) A' is bound to refund only that money out of Rs. 50,000/- that he has not spent

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Answer & Solution

Answer: Option B

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48

The essense of liquidated damage is

A) Genuine pre-estimate of damage B) Less than probable damage C) More than probable damage D) Payment of money in terrorem

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Answer & Solution

Answer: Option A

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49

The acceptance of a proposal should be

A) Expressly given B) Impliedly given C) Given by consent D) All of the above

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Answer & Solution

Answer: Option D

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50

According to Section 10 of the Contract Act which of the following is not essential to convert an agreement into a contract?

A) Free consent B) Competence to contract C) Lawful consideration with lawful object D) Certainty of terms of the agreement

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Answer & Solution

Answer: Option D

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Indian Contract Act MCQ question and answer | Law MCQ question