Indian Contract Act MCQ question and answer

51

A counter offer is:

A) An invitation to treat B) An acceptance of the offer C) A rejection of original offer D) A bargain

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Answer & Solution

Answer: Option C

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52

Contract Act - Liability of the surelty is

A) Conditional on default B) Independent of default C) Can be conditional or independent D) None of the above

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Answer & Solution

Answer: Option A

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53

A agrees to sell his scooter worth Rs. 10,000 to B for Rs. 5000 only and as consent was obtained by coercion. Here the agreement is

A) Void B) Valid C) Voidable D) Unlawful

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Answer & Solution

Answer: Option C

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54

Which one of the following contracts has time as the essence of the contract-

A) A' contracts with 'B' for the sale of his property B) A' contracts to marry 'B' at the earliest C) A' contracts to send money to 'B' for B's sustenance in England D) A' contracts to buy 'B's house for immediate occupation

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Answer & Solution

Answer: Option D

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55

Communication of acceptance is complete as against the proposer

A) When it comes to the knowledge of the proposer B) When it is put in course of transmission to him so as to be out of power of the acceptor C) When the acceptance is communicated to the proposer D) All of the above

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Answer & Solution

Answer: Option B

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56

A' promises to obtain for 'B' an employment in public service and 'B' promises to pay Rs. 1,000 to 'A', the agreement between 'A' and 'B':

A) Is Legal and proper B) Can be enforced at the instance of 'B' C) Is Void agreement D) None of the above

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Answer & Solution

Answer: Option C

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57

Goods displayed in showcase of a shop with price tag is

A) Offer B) Invitation to offer C) Counter offer D) None of the above

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Answer & Solution

Answer: Option B

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58

Special damages will be awarded in case of a breach of contract:

A) Only when the contracting parties express the same specifically as the terms of the contract B) Always in the special circumstances leading to the formation of the contract C) Only when the court of law thinks fit in the special circumstances of the case D) Only when the special circumstances causing loss of profit resulting from the breach of contract were brought to the notice of the party committing breach at the time of formation of the contract

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Answer & Solution

Answer: Option D

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59

With reference to 'fraud' and 'misrepresentation', which of the statement/s is/are correct?
(1) Both render the contract voidable.
(2) Fraud renders a cause of action in tort for damages.
(3) Simple misrepresentation is also a tort.
Select the correct answer using the given below:

A) (1) and (2) B) (2) and (3) C) (1) and (3) D) (1), (2) and (3)

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Answer & Solution

Answer: Option A

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60

Which country does not recognize a past consideration?

A) India B) Germany C) United Kingdom D) United States of America

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Answer & Solution

Answer: Option C

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Indian Contract Act MCQ question and answer | Law MCQ question