51
Any act is done, without the authority or knowledge of a person on behalf of that person, that person
A)
Can disown the act
B)
Can ratify the act
C)
Either ratify or disown the act
D)
Can disown the act but cannot ratify the same
Answer & Solution
Answer: Option
C
52
The Contract Act of 1872 was enacted on
A)
25th April, 1872
B)
25th May, 1872
C)
25th June, 1872
D)
None of above
Answer & Solution
Answer: Option
A
53
Contractual liability arises where:
A)
There is offer and acceptance only
B)
There is intention to create legal obligation
C)
There is loss to one party
D)
The loss of one party is the gain of the other party
Answer & Solution
Answer: Option
B
54
Which one of the following make an agreement void?
A)
Mistake of one of the parties
B)
Mistake of law
C)
Mistake of a foreign law
D)
Mistake of fact by both the parties
Answer & Solution
Answer: Option
D
55
If the sum fixed represents a genuine pre-estimate of the probable damages that are likely to result, from a breach of contract, it is considered as:
A)
Liquidated damages
B)
Penal damages
C)
Special damages
D)
General damages
Answer & Solution
Answer: Option
A
56
A change of nature of obligation of a contract is known as
A)
Alteration
B)
Repudiation
C)
Rescission
D)
Novation
Answer & Solution
Answer: Option
A
57
Which one of the following statements is correct?
A)
An agreement is void unless it is duly supported by adequate consideration
B)
In a valid contract, there can be an oral promise to compensate a person who has already voluntarily done something for the promisor
C)
Under Indian Law, consideration need not move at the desire of the promisor
D)
Indian Law does not recognize past consideration
Answer & Solution
Answer: Option
B
58
A, B and C jointly promise to pay D 3,000 rupees. D may compel:
A)
Either A or B or C to pay him 3,000 rupees
B)
Either A or B to pay him 3,000 rupees
C)
Either B or C to pay him 3,000 rupees
D)
All to pay him 3,000 rupees simultaneously
Answer & Solution
Answer: Option
A
59
An action for breach of contract, at the option of the plaintiff, can be brought at the place:
A)
Where the defendant voluntarily resides or carries on business
B)
Where the defendant personally works for gain
C)
Where the cause of action wholly or in part arises
D)
Either of them
Answer & Solution
Answer: Option
D
60
Minor entering into a contract misrepresenting his age
A)
Is estopped from pleading his minority
B)
Cannot be estopped from pleading his minority
C)
The contract is void
D)
Both B and C
Answer & Solution
Answer: Option
D
