Indian Contract Act MCQ question and answer

1

Breach of contract may be

A) Actual only B) Anticipatory only C) Actual or anticipatory D) None of above

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Answer & Solution

Answer: Option C

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2

A contract to sing for B at a concert for 1,000 rupees, which are paid in advance. A is too ill to sing.

A) A is not bound to make compensation to B for the loss of the profits which B would have made if A had been able to sing B) A is not bound to make compensation or refund to B C) A must refund to B the 1,000 rupees paid in advance D) Both (A) and (C)

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Answer & Solution

Answer: Option D

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3

A person is deemed to be in a position to dominate the will of another

A) Where he holds an apparent authority over the other B) Where he holds a real authority over the other C) Where he makes a contract with a person whose mental capacity is temporarily or permanently affected by reason of age, illness or mental or bodily distress D) All of the above

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Answer & Solution

Answer: Option D

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4

A pawnee, in the event of default in payment of debt by the pawner, has a right

A) To retain the goods pledged as collateral security B) To sue the pawner C) To sell the goods pledged D) All the above

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Answer & Solution

Answer: Option D

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5

A' promises to provide maintenance allowance to her maternal uncle in consideration of certain properties gifted to her by her mother. 'A' refuses to pay maintenance amount and maternal uncle institutes suit against 'A' to enforce the promise. Which one of the following is the correct statement? Maternal uncle:

A) Will not succeed as he being a stranger to consideration can not sue upon the contract B) Will succeed because according to the Indian Contract Act consideration may be given by the promisee or any other person C) Will succeed because he is near relative and in such cases consideration is not necessary D) Will succeed because consideration given by a near relation may be treated as consideration given by the promisee

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Answer & Solution

Answer: Option B

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6

A contract between a financier and a purchaser of vehicle involving advance of money by the financier for purchase of a vehicle is governed by which principle under the Indian Contract Act, 1872

A) Bailment B) Hire-Purchase C) Agency D) Indemnity

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Answer & Solution

Answer: Option A

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7

Which one of the following statements is correct?
When a contract is caused by fraud, the contract is

A) Void ab initio B) Voidable from inception C) Voidable by subsequent events D) Valid

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Answer & Solution

Answer: Option B

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8

Which of the following statement is correct?

A) A person who wrongfully rescinds a contract is entitled to compensation for any damage which he has sustained through the non-fulfilment of the contract B) A person who rightfully rescinds a contract is not entitled to compensation for any damage which he has sustained through the non-fulfilment of the contract C) A person who rightfully rescinds a contract is entitled to compensation for any damage which he has sustained through the non-fulfilment of the contract D) A person who rightfully rescinds a contract is entitled to compensation for any damage which he has not sustained through the non fulfilment of the contract

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Answer & Solution

Answer: Option C

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9

In India, the express provisions of the Contract Act applies to

A) Hindus B) Mohammedan C) Business man D) All of the above

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Answer & Solution

Answer: Option D

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10

Assertion (A): Collateral transactions to wagering are void.
Reason (R): Only wagering agreements are declared void under section 30 of the Indian Contract Act.

A) (A) is true, but (R) is false B) (A) is false, but (R) is true C) Both (A) and (R) are true, but (R) is not correct explanation of (A) D) Both (A) and (R) are true, and (R) is correct explanation of (A)

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Answer & Solution

Answer: Option D

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Indian Contract Act MCQ question and answer | Law MCQ question