Indian Contract Act MCQ question and answer

71

In which of the following circumstances original contract need to be performed?

A) Novation B) Rescission C) Alteration D) Stipulation

Discuss

Answer & Solution

Answer: Option D

Solution:

In the context of the Indian Contract Act, the original contract needs to be performed in the circumstance of Option D: Stipulation.

"Stipulation" refers to a specific condition or term that is agreed upon by both parties when forming a contract.
When a contract contains stipulations, it is the responsibility of both parties to perform their respective obligations as outlined in the contract.
Failure to perform the stipulated terms of the original contract can lead to a breach of contract, and the non-breaching party may seek remedies or legal action to enforce the contract.
So, the correct answer is Option D: Stipulation. In cases of stipulation, the original contract must be performed according to the agreed-upon terms.

72

A having contracted with B to supply B with 1000 tons of iron at 100 Rs. a ton, to be delivered at a stated time, contracts with C for the purchase of 1000 tons of iron at 80 Rs. a ton, telling C that he requires so for the purpose of performing his contract in B. C fails to perform, A will be entitled to

A) Loss with he suffered @ Rs. 20 per ton B) No compensation C) Compensation for loss of profit alongwith any damages which he might have to pay to B on account of breach D) None of the above

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

73

If a minor's guardian makes a contract with an insurance company insuring minor's property against fire, in the event of fire

A) The minor is entitled to enforce his claim for compensation for loss of property against the insurance company B) The minor is not entitled to enforce his claim for compensation for loss of property against the insurance company C) The guardian of the minor is entitled to enforce his claim for compensation for loss of property against the insurance company D) No one is not entitled to enforce his claim for compensation for loss of property against the insurance company as the contract is void

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

74

A' promises 'B' a job in government service and 'B' promises to pay? 10,000 for it. The agreement is-

A) Void B) Voidable C) Enforceable on the direction of Government D) Enforceable on the direction of the High Court

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

75

Right of lien, of an agent

A) Is extinguished by his parting with the possession of the goods B) Is extinguished by destruction of goods accidentally C) Both A and B are correct D) Neither A nor B is correct

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

76

Which of the following does not vitiate free consent under the provisions of Contract Act?

A) Mistake of law in force in India B) Misrepresentation by mistake C) Mistake of fact by parties to the contract D) Undue influence

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

77

Duty to mitigate damages on the part of injured party arises

A) In cases of anticipatory breach B) In cases of breach at the time fixed for performance of the contract C) Both A and B D) Either A or B

Discuss

Answer & Solution

Answer: Option D

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78

Two or more persons are said to consent when

A) They agree B) They agree upon the same thing C) They agree upon the same thing in the same sense D) They agree upon the same thing in the same sense at the given location

Discuss

Answer & Solution

Answer: Option C

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79

In standard form contracts

A) The individual has no choice but to accept B) The individual has many choices to accept or refuse C) The agreement is without consideration D) None of the above

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

80

A contracts with B to deliver to him, at a specified price, certain merchandise on board a ship which cannot arrive for a month, and B engages to pay for the merchandise within a week from the date of the contract. B does not pay within a week.

A) A's promise to deliver and need not be performed B) A's promise to deliver and needs to be performed C) B must make compensation D) Both A and C

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Indian Contract Act MCQ question and answer | Law MCQ question