Indian Contract Act MCQ question and answer

51

Choose the correct statement:-

A) An agreement not enforceable by law is said to be void B) An agreement enforceable at the option of one party and not at the option of the other is said to be void C) An agreement which is legal may be void D) An agreement enforceable at the option of one party is void

Discuss

Answer & Solution

Answer: Option A

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52

An agent appointed by more than one principal is liable

A) Severally B) Jointly C) Jointly & severally D) Either A or B or C

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Answer & Solution

Answer: Option D

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53

A invites B for his son's wedding. B accepts the invitation. In this case, there is an agreement but no contract, since

A) There is no consideration B) There is no intention to create legal relationship C) There is no written document D) There is no formal acceptance of the offer

Discuss

Answer & Solution

Answer: Option B

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54

If the bailee mixes the goods of the bailor with his own goods, without the consent of the bailor

A) The bailee is liable to bear the expenses of separation of goods & damages arising therefrom, if the goods can be separated or divided B) The bailee is liable to compensate the bailor for the loss of goods, if the goods are irresponsible C) Both A and B D) Neither A nor B

Discuss

Answer & Solution

Answer: Option C

Solution:

According to the Indian Contract Act, if a bailee mixes the goods of the bailor with his own goods without the bailor's consent, the consequences depend on whether the goods can be separated or not.

If the goods can be separated or divided, the bailee is responsible for the expense of separation and for any damages arising from the mixture.

If the goods cannot be separated, the bailee must compensate the bailor for the loss of the goods.

Therefore, both Option A and Option B are correct, making Option C the correct answer.

Correct Answer: Option C: Both A and B

55

A, writes a letter to B offering to sell his car at Rs. 2 lac and states that if he does not receive a reply within 15 days of the receipt of the letter by B, the offer shall be deemed to have been accepted. B does not send a reply even after 15 days of the receipt of the letter by B. Has the offer been validly accepted?

A) No B) Yes C) It is uncertain D) Depends on the circumstances

Discuss

Answer & Solution

Answer: Option A

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56

Match List I with List II and select the correct answer by using the given below the lists:

List I (Case)	List II (Principle)
a. Lalman Shukla v. Appana Dutt	1. Privity of Contract
b. McPherson v. Appanna	2. General offer
c. Banwarilal v. Sukhdarshan Dayal	3. Invitation to treat
d. M. C. Chackoo v. State Bank of Travancore	4. Intention to create legal relationship

A) a-1, b-4, c-3, d-2 B) a-2, b-3, c-4, d-1 C) a-1, b-3, c-4, d-2 D) a-2, b-4, c-3, d-1

Discuss

Answer & Solution

Answer: Option B

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57

Which of the following is not relevant in determining the quantum of damage under Section 73 of the Indian Contract Act?

A) Motive B) Manner C) Loss suffered D) Both A and B

Discuss

Answer & Solution

Answer: Option B

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58

Consider the following statements:
The communication of an acceptance is complete
1. As against the acceptor when it comes to the knowledge of the proposer.
2. As against the proposer, when it is put in a course of transmission to him, so as to be out of the power of the acceptor.
Which of the statements given above is/are correct?

A) 1 only B) 2 only C) Both 1 and 2 D) Neither 1 nor 2

Discuss

Answer & Solution

Answer: Option C

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59

If the compensation to be paid on breach of contract is the genuine pre-estimate of the prospective damages, it is known as

A) Special damages B) Penalty C) Unliquidated damages D) Liquidated damages

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Answer & Solution

Answer: Option D

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60

The word 'signifies' in the definition of S. 2 of the Indian Contract Act, 1872 indicates:

A) That the offer must be communicated to the person to whom it is made B) That the offer need not be communicated to the person to whom it is made C) Either (A) or (B) D) None of these

Discuss

Answer & Solution

Answer: Option A

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Indian Contract Act MCQ question and answer | Law MCQ question