51
In case of breach of contract, compensation can be claimed under section 73
A)
For the proximate and natural consequences of breach
B)
For remote consequence of the breach
C)
For indirect consequences of the breach
D)
All the above
Answer & Solution
Answer: Option
A
52
Past consideration means
A)
Money received in the past without making even a proposal
B)
The price which is more than the promisor's past expectations
C)
The price paid or service rendered at the desire of the promisor followed by a subsequent promise
D)
Consideration that was valuable in the past but has ceased to be of any value at the time of performance of contract
Answer & Solution
Answer: Option
C
53
According to provisions of Indian Contract Act, 1872 void agreement and void contract is the same.
A)
True
B)
False
C)
Parlty True
D)
Parlty False
Answer & Solution
Answer: Option
B
54
In which of the following cases it was held that the "Contract cannot be declared to have been frustrated because its performance had become more onerous on account of unforeseen circumstances"?
A)
Premier Explosices Ltd. v. Chairman and Managing Director, Singareni Collieries Co. Ltd., AIR 2010 AP 107
B)
M. V. Ramma v. T. N. Reddy, AIR 2010 AP 114
C)
T. Mohan Reddy v. Potu, AIR 2010 AP 117
D)
P. T. Reddy v. Jyoti Reddy, AIR 2010 AP 119
Answer & Solution
Answer: Option
A
55
Under section 146, the co-sureties are liable to contribute
A)
Equally
B)
Unequally
C)
According to their capacity
D)
Either A or B or C
Answer & Solution
Answer: Option
A
56
A agrees to pay B 1,000 rupees if B will marry A's daughter C. C was dead at the time of the agreement.
A)
The agreement is void
B)
The agreement is not void
C)
Either (A) or (B)
D)
None of these
Answer & Solution
Answer: Option
A
57
A continuing guarantee may be revoked for further transaction
A)
After a year
B)
After six months
C)
After three months
D)
At any time
Answer & Solution
Answer: Option
D
58
A guarantee to be valid
A)
Can only be of a present debt
B)
Can be of past debt if some further debt is incurred after the guarantee
C)
Can be of future debt if some debt is incurred after the guarantee
D)
All the above
Answer & Solution
Answer: Option
D
59
Which one of the following does not amount to revocation under Section 6 of the Indian Contract Act, 1872?
A)
By communication of notice of revocation
B)
By failure of the acceptor to fulfil a condition precedent to acceptance
C)
By lapse of time prescribed in such proposal for acceptance without communication of acceptance
D)
By the death of the acceptor
Answer & Solution
Answer: Option
D
60
While determining damages which of the following are taken into account
A)
Motive of breach
B)
Manner of breach
C)
Inconvenience caused by non-performance
D)
All the above
Answer & Solution
Answer: Option
C
