Indian Contract Act MCQ question and answer | Law MCQ question

Assertion (A): Minor's contract is void.
Reason (R): Mortgage executed in favour of a minor is enforceable by him.

According to Salmond and Winfield, "A promise without consideration is a gift; one made for a consideration is a bargain." However, in the following circumstances a contract without consideration will be perfectly valid
1. An agreement in writing made on account of natural love and affection
2. Contract of Agency
3. Promise to pay a time-barred debt
4. Oral promise made on account of natural love and affection

The case related to minors agreement is void ab initio is

A clause in the tender authorising the party inviting tenders to terminate the contract at any time for future supplies

The provision which provides for Compensation for loss or damage caused by breach of contract is provided in . . . . . . . .

Under Section 73 of the Indian Contract Act

Which of the following agreements is not void?

Which of the following acts cannot be ratified

A promisor agrees to sell his loved cow only because of financial difficulty. Whether it is a free consent under The Contract Act?

An employer asks his employee/servant to sell his servant's goods at a price for less than the market price/fair price. Servant can avoid the contract on the ground