Indian Contract Act MCQ question and answer

61

Point out the correct item shown below:
There may be a contract without consideration if

A) The agreement is in writing and registered B) The parties to the agreement are near relatives C) The agreement is made due to natural love and affection D) All the above

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Answer & Solution

Answer: Option D

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62

Ratification of an act:

A) Has to be express only B) Has to be implied C) Has to be both - express and implied D) Can either be express or implied

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Answer: Option D

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63

Who said "Acceptance to an offer is what a lighted matchstick is to a train of gunpowder"?

A) Sir Fredrick Pollock B) Sir William Anson C) G. C. Cheshire D) D. F. Mulla

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Answer & Solution

Answer: Option B

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64

A agrees to pay B rupees one thousand without any consideration. This agreement is

A) Voidable B) Void C) Not enforceable D) Not enforceable as unwritten

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Answer: Option B

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65

Which is correct?

A) Proposal + acceptance = promise B) Promise + consideration = agreement C) Agreement + enforceability = contract D) All of the above

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Answer: Option D

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66

Which of the following Section of the Indian Contract Act provides that the responsibility of finder of goods is similar to that of a bailee:

A) 69 B) 70 C) 71 D) 72

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Answer & Solution

Answer: Option C

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67

Which one of the following statements are under statements is correct in regard as to matter of fact, the agreement is

A) Time is always the essence of to contract B) Time is never the essence of the contract C) Time would not be regarded as the essence of the contract unless it is shown that the parties intended so D) Since it is a sale of immovable property, ever parties cannot intend to make time the essence of the contract

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Answer & Solution

Answer: Option C

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68

Which one of the following statements is incorrect?

A) The liability of the surety is coextensive with that of the principal debtor unless otherwise provided in the contract B) A contract is not voidable because it was caused by a mistake as to any law in force in India C) A contract is not voidable because it was caused by a mistake as to any law not in force in India D) A mistake as to fact, which is essential to the agreement, is void

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Answer: Option C

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69

If the time of performance of the contract is the essence of the contract and the promisor fails to perform the contract by the specified time-

A) The contract becomes void and is unenforceable B) The contract remains valid and is enforceable C) The contract becomes voidable at the instance of the promisee D) The contract though valid becomes unenforceable

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Answer: Option C

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70

The theory on which quasi-contractual obligations are based is to prevent unjust enrichment. Who is considered to be the real founder of this theory?

A) Lord Mansfield B) Lord Wright C) Anson D) Lord Radcliffe

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Answer & Solution

Answer: Option A

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Indian Contract Act MCQ question and answer | Law MCQ question