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71
Agreement without consideration is valid
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Answer: Option D
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72
The law relating to the payment of damages is based on the leading English case of
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Answer: Option A
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73
Which of the following statements is/are not correct?
1. Stranger to the contract cannot sue in both English and Indian Laws.
2. Stranger to the contract can sue in both English and Indian Laws.
3. Consideration can move from promisee alone in English and Indian Laws.
4. Consideration can move from promisee or any other person in Indian Law.
Select the correct answer using the given below:
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Answer: Option C
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74
If the amount due to the agent for commission or remuneration is not paid or accounted for, the agent
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Answer: Option C
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75
In Indian Contract Act, certain relations resembling with contracts are provided under
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Answer: Option B
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76
A undertakes to deliver a thousand maunds of jute to B on a fixed day Applying Section 47, Indian Contract Act:
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Answer: Option C
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77
Consider the following statements:
In Bhagvandas Goverdhandas Kedia v. Girdharilal Parshottamdas and Co. it was laid down that
1. section 4 does not imply that the contract is made qua the proposer at one place and qua the acceptor at another place.
2. the communication of acceptance should be from a person who has the authority to accept. Information received from an unauthorized person is ineffective.
Which of the statements given above is/are correct?
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Answer: Option A
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78
Contingent contracts to do or not to do anything, if an impossible event happens, are void, only if at the time of making of the agreement
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Answer: Option C
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79
Consider the following statements:
1. There may be situations where only one party is bound to the terms of the contract.
2. In order to convert a proposal into a promise, the acceptance must be absolute and may be unqualified.
3. Death or insanity of the proposer is considered as good ground for revocation of proposal in all circumstances.
Choose the correct option from below:
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Answer: Option A
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80
Under Section 182 of the Contract Act 1872, National Textile Corporation Ltd. is
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Answer: Option C
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