81
Restoration of benefits received under a void contract is possible under Indian Contract Act in:-
A)
Section 62
B)
Section 63
C)
Section 64
D)
Section 65
Answer & Solution
Answer: Option
D
A)
In respect of whose default the guarantee is given
B)
Who gives the guarantee
C)
To whom the guarantee is given
D)
None of the above
Answer & Solution
Answer: Option
B
83
Which one of the following pairs is correctly matched?
A)
In India, Consideration must follow - from Promisee only
B)
In India, Consideration must follow - from only Promisor or only Promisee
C)
In India Consideration must follow - from Promisor or any other person
D)
In India Consideration must follow - Promisee or any other person
Answer & Solution
Answer: Option
D
84
Which one of the following statements is correct? The communication of acceptance is complete as against the proposer as soon as:
A)
Acceptor writes letter of acceptance
B)
Acceptor posts the letter of acceptance
C)
The proposer receives the letter of acceptance
D)
The proposer reads the letter of acceptance
Answer & Solution
Answer: Option
B
85
By a contract there are two sets of promises, with one set of promises being legal, and other set of promises being illegal. In view of the statement, which one of the following is correct?
A)
There can be such a contract vide Section 23 of the Indian Contract Act
B)
There can be such a contract, but the contract will only be for the legal set and not for the illegal set of promises vide Sections 57 and 58 of the Indian Contract Act
C)
The contract as a whole will be enforceable at the option of the buyer and not the seller
D)
There can be a contract of two set of promises, with one set of promises being legal and the other set of promises being illegal, provided both the set of promises are a commercial contract and the monetary value of the illegal set of promises is reduced from the value of the legal set of promises, and enforcement is only for the net value
Answer & Solution
Answer: Option
B
86
Agreement restraining legal proceeding is void only if restraint is . . . . .
A)
Partial
B)
Absolute
C)
Written
D)
None of these
Answer & Solution
Answer: Option
B
87
A promise to pay a debt barred by the law of limitation, has been made enforceable under which section of the Indian Contract Act?
A)
Section 32
B)
Section 47
C)
Section 25
D)
Section 8
Answer & Solution
Answer: Option
C
88
A and B being traders, entered upon a contract. A has private information of a change in prices which would affect B's willingness to proceed with the contract
A)
A is bound to inform B
B)
A is not bound to inform B
C)
B is bound to be informed
D)
None of above
Answer & Solution
Answer: Option
B
89
Which of the following is a valid acceptance of a proposal?
A)
When an acceptance is made in ignorance of the proposal
B)
When an acceptance is made in usual and reasonable manner but not in a manner prescribed by the proposer
C)
When an acceptance is made in a manner prescribed by the proposer
D)
None of the above
Answer & Solution
Answer: Option
C
90
Responsibility of finder of goods is covered under:
A)
Indemnity
B)
Quasi contract
C)
Contingent contract
D)
Agency
Answer & Solution
Answer: Option
B
