Indian Contract Act MCQ question and answer

61

A contract of life insurance falls under the category of-

A) Contract of indemnity B) Contract of guarantee C) Contingent contract D) None of the above

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Answer & Solution

Answer: Option C

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62

A minor having lost his parents, is maintained by his neighbour. Whether the neighbour can seek recovery of expenses?

A) Yes, in certain condition B) No C) Yes, if minor's guardianship is granted by court D) None of the above

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Answer & Solution

Answer: Option A

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63

The concept that says unfair or unconscionable contracts or clauses should not be enforced is known as

A) Pacta Sunt Sarvanda B) Prima Facie C) Culpa in Contra hendo D) Abus de droit

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Answer & Solution

Answer: Option C

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64

Under the Contract Act consideration may proceed:-

A) From the promisee B) From a person other than the promisee C) Both A and B D) Neither A nor B

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Answer & Solution

Answer: Option C

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65

When prior to the due date of performance, the promisor absolutely refuses to perform the contract, it is known as-

A) Abandonment of contract B) Actual breach of contract C) Remission of contract D) Anticipatory breach of contract

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Answer & Solution

Answer: Option D

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66

An agreement not to raise the plea of limitation is-

A) Valid and binding B) Voidable C) Void D) Illegal

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Answer & Solution

Answer: Option C

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67

A orders a pizza from Dominos. The Dominos delivery person accidentally delivers it to C. C eats it. Is C obliged to pay Dominos for pizza?

A) No. The mistake was made by the pizza delivery man B) No. C didn't make any mistake C) Yes. C ate the pizza knowing that he hadn't ordered it. Having derived the benefit of the contract, he must now pay for it D) Yes. C stole the pizza

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Answer & Solution

Answer: Option C

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68

Reciprocal promises provide for doing certain things which are legal and certain others which are illegal, under Section 57:

A) The first set is valid but the second set is void B) The first set is voidable but the second set is void C) The entire set of promises is void D) The entire set of promises is valid

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Answer & Solution

Answer: Option A

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69

A agrees to sell his house to B for 10,000 rupees. Here, B's promise to pay the sum of 10,000 rupees is the consideration for A's promise to sell the house, and A's promise to sell the house is the consideration for B's promise to pay the 10,000 rupees.

A) These are unlawful considerations B) These are lawful considerations C) Either (A) or (B) D) None of these

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Answer & Solution

Answer: Option B

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70

Following is/are essentialt(s) of valid contract as per Indian Contract Act, 1872.
(1) Parties to contract should have capacity to contract.
(2) Parties to contract should have legal mind.
(3) Parties to contract should be intelligent.
(4) Invitation to offer should be accepted.
Find correct answer:

A) Only (1) and (4) are correct B) Only (1) is correct C) All of above are correct D) Only (2) is correct E) None of these

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Answer & Solution

Answer: Option B

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Indian Contract Act MCQ question and answer | Law MCQ question