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Indian Contract Act MCQ question and answer | Law MCQ question

Indian Contract Act MCQ question and answer with easy explanations in Law MCQ. Indian Contract Act MCQ section is suitable for aspirants preparing for competitive exams like NET, UPSC, JRF, SET,UGC NET other law exams etc. Page-7 section-5

Each section contains 100 MCQs on Indian Contract Act .
61
A contract of insurance is what kind of contract?
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Answer & Solution
Answer: Option B
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62
Anuj says to Ramesh, "if he would be interested in purchasing his bike for Rs. 10,000?" Ramesh immediately takes Rs. 10,000 to Anuj and says he wants to buy the bike. The result is:
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Answer & Solution
Answer: Option A
Solution:
In this scenario, Anuj made an offer to sell his bike to Ramesh for Rs. 10,000, and Ramesh immediately accepted the offer by providing the requested amount. This constitutes a valid acceptance, and both parties have expressed their mutual consent to enter into the contract. As a result, a binding contract is formed between Anuj and Ramesh.
63
V' places an order with 'S' for the supply of 20 sewing machines. 'S' could not supply these in time. 'V' loses a profitable contract due to this (a fact that was not communicated to 'S') and claims his loss of profit from 'S'. But 'V' does not succeed as the nature of the damage is:
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Answer & Solution
Answer: Option D
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64
Indian Contract Act:- 'A' and 'B' make a contract grounded on the erroneous belief that a particular debt is barred by the Indian Law of Limitation?
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Answer & Solution
Answer: Option B
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65
A sub-agent is responsible to the principal on which of the following grounds
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Answer & Solution
Answer: Option C
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66
X, a publisher of a newspaper, agrees to publish at Y's request a defamatory article in respect of Z as Y agrees to indemnify X against the consequences of the publication. In a Suit by Z, X has to pay damages and incur expenses. Which one of the following is the correct statement regarding the liability of Y?
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Answer & Solution
Answer: Option B
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67
A' contracts to pay 'B' a sum of money when 'B' marries 'C'. This is a type of:
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Answer & Solution
Answer: Option A
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68
In a contract of guarantee under Indian Contract Act, 1872, the person for whom the guarantee is given is called
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Answer & Solution
Answer: Option B
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69
Consent will be said to be free, when it is not caused by coercion, undue influence, fraud, misrepresentation and mistake. The term 'free consent' has been defined in which Section of the Contract Act?
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Answer & Solution
Answer: Option A
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70
A is surety for B for a loan of Rs. One lac which B defaulted. A is liable for
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Answer & Solution
Answer: Option A
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