Indian Contract Act MCQ question and answer

71

Which of the following statements with regard to contract is not correct?

A) The acceptance should be made in the manner prescribed in the proposal. But a departure from that manner does not itself invalidate the acceptance. A duty is cast on the offerer to reject such acceptance within reasonable time and if he fails to do so, the contract is clinched on him and he becomes bound by the acceptance B) An acceptance containing additions, limitations or other modifications shall amount to rejection of the offer and shall constitute a counter offer C) It is not open to an offeror to stipulate against an unwilling offeree that latter's silence will be regarded as equivalent to acceptance. He cannot force him to take a positive course of action under penalty of being contractually bound if he does not D) An offerer would not be bound by a contract, if the letter of acceptance posted by the offeree is lost in transit and thus is not received by the offerer

Discuss

Answer & Solution

Answer: Option D

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

72

A agrees to sell to B the goods which are on their way to Chennai from Oman by a ship. But before the agreement between the parties, the ship had sunk and the goods to be sold to B, were lost. Neither party is aware of this happening. The agreement is:

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

Discuss

Answer & Solution

Answer: Option A

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

73

Which of the following is/are involved in wagering agreement? 1. An uncertain event.
2. Parties have no control over the event.
3. Except the stake parties have no other interest in the event.
Select the correct answer using the given below:

A) 1 only B) 1 and 2 C) 2 and 3 D) 1, 2 and 3

Discuss

Answer & Solution

Answer: Option D

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

74

Which of the following is incorrect? A valid offer must be

A) Capable of being accepted B) Definite C) Discretionary D) Certain

Discuss

Answer & Solution

Answer: Option C

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

75

Section 124 of Indian Contract Act, includes under Contract of Indemnity the

A) Losses caused by human conduct B) Losses caused by accident C) Losses caused by natural calamity D) None of the above

Discuss

Answer & Solution

Answer: Option A

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

76

An agreement not enforceable by law is stated to be void under

A) Section 2(d) B) Section 2(e) C) Section 2(f) D) Section 2(g)

Discuss

Answer & Solution

Answer: Option D

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

77

Promises which form the consideration or part thereof, for each other under section 2(f) are called

A) Acceptances for different proposals B) Agreements C) Reciprocal promises D) Consideration

Discuss

Answer & Solution

Answer: Option C

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

78

In cases of general offer to public at large

A) Notifying the acceptance to the proposer is necessary B) The performance of his part of the contract amounts to acceptance C) The performance of condition as acceptance is not necessary D) None of the above

Discuss

Answer & Solution

Answer: Option B

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

79

The term 'Contra proferentem' means that

A) An ambiguous term will be construed against the party responsible for its inclusion in the contract B) Any ambiguity in the definition clause excluding the liability must be interpreted in favour of the party which is in a weak position C) Any ambiguity in the terms and conditions including the liability must not be interpreted in favour of the party which is not in a strong position D) Any ambiguity in the terms of contract excluding the liability must be interpreted in favour of the party which is financially weak

Discuss

Answer & Solution

Answer: Option A

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

80

Difference between a contract and social agreement is that of

A) Consideration B) Intention to create legal relationship C) Consensus ad idem D) Certainty of performance

Discuss

Answer & Solution

Answer: Option B

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

Indian Contract Act MCQ question and answer | Law MCQ question