Indian Contract Act MCQ question and answer

71

An agreement to 'sale of goodwill' for a specified area, to which the purchaser agreed is . . . . . . . .

A) Void B) Voidable C) Valid D) None of the above

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Answer & Solution

Answer: Option C

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72

Consider the following statements:
1. A shopkeeper's catalogue of price is not an offer.
2. An auctioneer's announcement that specified goods will be sold by auction on a certain day is not an offer to hold the auction.
Which of the statements given above is/are correct?

A) 1 only B) 2 only C) Both 1 and 2 D) Neither 1 nor 2

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Answer & Solution

Answer: Option C

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73

Two persons have the capacity to contract under section 11

A) If both are major B) If both are not of unsound mind C) If none is declared unqualified to contract D) All are correct

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Answer & Solution

Answer: Option D

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74

An offer which is allowed to remain open for acceptance over a period of time is known as:

A) Invitation to offer B) Cross offer C) Standing offer D) Specific offer

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Answer & Solution

Answer: Option C

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75

Under Indian Contract Act, when does an agreement becomes a contract?

A) It is enforceable by law B) It is between parties competent to contract C) It is by the free consent of parties D) All of the above

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Answer & Solution

Answer: Option D

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76

The intimation under Section 59 of the Indian Contract Act, 1872

A) Must be implied B) Must be expressed C) May be either expressed or implied D) None of the above

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Answer & Solution

Answer: Option C

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77

Nudum Pactum means

A) Without consideration B) Invalid contract C) Void contract D) Voidable contract

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Answer & Solution

Answer: Option A

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78

On which of the following grounds a party to a contract cannot be discharged from performing it?

A) Destruction of the subject matter B) Change of circumstances C) Commercial hardship D) Non-occurrence of a contemplated event

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Answer & Solution

Answer: Option C

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79

When a party to a contract fails to perform a contract within the fixed time:

A) Such contract remains valid provided the promise is fulfilled whether at the time of performance or later B) Such a contract becomes void C) Such contract becomes voidable at the option of the promise, if the intention of the parties was that time should be of essence of the contract D) Such a contract becomes voidable at the option of the promisor or promise and the intention of the parties does not matter

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Answer & Solution

Answer: Option C

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80

"Consideration is the recompense given by the party contracting to the other": Above definition is attributed to . . . . . . . .

A) Pollock B) Justice Patterson C) Cheshire and Fifoot D) Blacstone

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Answer & Solution

Answer: Option D

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Indian Contract Act MCQ question and answer | Law MCQ question