Indian Contract Act MCQ question and answer

1

When a contract has been broken, the party who suffers by such breach, is entitled to receive from the party, who has broken the contract:

A) Liquidated damages B) Compensatory damages C) Penal damages D) None of these

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Answer & Solution

Answer: Option B

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2

A agrees to pay B, a teacher, Rs. 15,000 if B passed his son in the examination. B does so but A refuses to pay the money. In this case, which one of the following gives the correct legal position of the agreement?

A) The agreement is valid and enforceable B) The agreement is void being opposed to public policy C) The agreement is void because the object is unlawful and forbidden by law D) The agreement is voidable at the option of B

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Answer & Solution

Answer: Option C

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3

Which one of the following pairs is correctly matched?

A) Section 55: Frustration of contract B) Section 56: Agreement in restraint of marriage C) Section 16: Consent by coercion D) Section 29: Agreements void for uncertainty

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Answer & Solution

Answer: Option D

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4

A contracts with B to grow a crop of indigo on A's land and to deliver it to B at a fixed rate, and C guarantees A's performance of this contract. B diverts a stream of water which is necessary for irrigation of A's land, and thereby prevents him from raising the indigo.

A) A is liable on his guarantee B) A is partly liable on his guarantee C) A is no longer liable on his guarantee D) None of these

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Answer & Solution

Answer: Option C

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5

An agreement to share the benefits of a public office is:-

A) Valid B) Voidable C) Void D) None of these

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Answer & Solution

Answer: Option C

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6

Indian Contract Act: Where both parties to an agreement are under a mistake as to a matter of fact essential to the agreement, then the agreement is

A) Voidable B) Void C) Illegal D) Not enforceable in a Court

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Answer & Solution

Answer: Option B

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7

What is the responsibility of the finder of goods:

A) Same responsibility as a bailee B) Same responsibility as a trustee C) Same responsibility as a pledgee D) Same responsibility as the owner

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Answer & Solution

Answer: Option A

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8

An agreement would be . . . . . . . . if both the contracting parties believe in the existence of the subject matter which did not exist-

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

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Answer & Solution

Answer: Option A

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9

When a contract provides for a specified sum in case of breach

A) It prescribes the minimum liability B) It prescribes the maximum limit of liability C) It prescribes neither the minimum nor the maximum extent of liability D) None of the above

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Answer & Solution

Answer: Option B

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10

Bailment means

A) The goods is delivered by one person to another for some purpose to be specifically returned or otherwise disposed of as per the order of bailor B) The goods delivered to be returned by way of an equivalent in money C) The goods delivered to be returned by way of an equivalent in other commodities D) All the above

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Answer & Solution

Answer: Option A

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Indian Contract Act MCQ question and answer | Law MCQ question