Indian Contract Act MCQ question and answer

71

C, advances to B, his tenant Rs. 2,000 on the guarantee of A. C has also a further security for Rs. 2,000 by a mortgage of B's furniture. C cancels the mortgage. B becomes insolvent and C sues A on his guarantees.

A) A is discharged from liability B) A is not discharged from liability C) B is not discharged from liability D) None of the above

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Answer & Solution

Answer: Option B

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72

Quantum meruit means:

A) Voidable agreement B) Proportional earning C) Valid contract D) Wagering contract

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Answer & Solution

Answer: Option B

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73

Under Indian Contract Act Publication of notice inviting tender is-

A) A Proposal B) Notice inviting proposal C) A promise D) Agreement

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Answer & Solution

Answer: Option B

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74

For the acts of the substituted agent

A) The agent is responsible to the principal B) The agent is not responsible to the principal C) The substituted agent is not responsible to the principal D) None of the above

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Answer & Solution

Answer: Option A

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75

Consideration should be something in return of promise which

A) Both the law and parties regard, as having some value B) Only law regards a having some value C) Only the parties regard some value D) Only adequate value necessary

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Answer & Solution

Answer: Option A

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76

A makes a contract with B to buy B's horse if A survives C.

A) This contract cannot be enforced by law unless and until A dies in C's lifetime B) This contract cannot be enforced by law unless and until C dies in A's lifetime C) This contract can be enforced by law during C and A's lifetime D) None of these

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Answer & Solution

Answer: Option B

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77

Unlawful detaining or threatening to detain any property with the intention of causing any person to enter into an agreement would amount to which one of the following?

A) Unlawful detention B) Duress C) Undue influence D) Coercion

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Answer & Solution

Answer: Option D

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78

A contracts with B to repair B's house. B neglects or refuses to point out to A the places in which his house requires repair.

A) A is excused for the non-performance of the contract if it is caused by such neglect or refusal B) A cannot be excused for the non-performance of the contract even if it is caused by such neglect or refusal C) B is excused for his negligence or refusal to point out to A the places in which his house requires repair D) None of these

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Answer & Solution

Answer: Option A

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79

Match List-I with List-II and select the correct answer using the given below:

List-I (Types of Vitiating elements of a contract)	List-II (Relevant case-law)
a. Undue influence	1. Nursey Spg. and Wvg. Co. Ltd., Re
b. Misrepresentation	2. Jaggan Nath v. Secy of State for India
c. Fraud	3. Lancashire Loans v. Black
d. Mistake	4. Derry v. Peek

A) a-2, b-4, c-3, d-1 B) a-1, b-3, c-4, d-2 C) a-3, b-1, c-4, d-2 D) a-3, b-1, c-2, d-4

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Answer & Solution

Answer: Option C

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80

A lends rupees one lakh to B and B promises to repay it with interest @ 12% per annum after one year. The agreement also provides that if the amount is repaid within six months, the rate of interest will be 10%. The stipulation is

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

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Answer & Solution

Answer: Option A

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Indian Contract Act MCQ question and answer | Law MCQ question