1
Contract Forbidden by Law are
A)
Valid
B)
Void
C)
Illegal
D)
Both B and C
Answer & Solution
Answer: Option
D
2
To convert a proposal into a promise the acceptance must be:
A)
Qualified
B)
Unqualified
C)
General
D)
Absolute and unqualified
Answer & Solution
Answer: Option
D
3
Which of the following statements is not correct?
A)
Contingent contracts to do or not to do anything if an uncertain future event happens or not, cannot be enforced by law unless and until the event happens
B)
If the event become impossible, such a contract becomes void
C)
If the agreement is contingent on an impossible event, it is void
D)
Such contracts are not enforceable if the contingency contemplated takes place or becomes impossible of talking place
Answer & Solution
Answer: Option
D
4
When is the inadequacy of consideration taken into account by a court of law?
A)
When the promisor performs his promise
B)
Always at the discretion of the court
C)
When the promisor expresses his desire to get maximum return for his promise
D)
When fraud, coercion or undue influence in the formation of the contract is pleaded
Answer & Solution
Answer: Option
D
5
Quasi contract emerged from:
A)
Assumpsit
B)
Indebitatus assumpsit
C)
Non-feasance
D)
Misfeasance
Answer & Solution
Answer: Option
B
6
The Indian Contract Act, 1872 became operative from the date of
A)
25th April, 1872
B)
25th May, 1872
C)
1st September, 1872
D)
18th September, 1872
Answer & Solution
Answer: Option
C
7
Contingent agreements to do or not to do anything, if an impossible event happens . . . . . . .
A)
Are void if the impossibility of the event is known to the parties at the time when it is made
B)
Are void if the impossibility of the event is not known to the parties to agreement at the time when it is made
C)
Are void, whether the impossibility of the event is known or not to the parties to the agreement at the time when it is made
D)
Are voidable at the option of the parties
Answer & Solution
Answer: Option
C
8
A' makes a contract with 'B' to buy his house for Rs. 50,000 if he is able to secure a bank loan for that amount contract is:
A)
Void for vagueness
B)
Wagering contract
C)
Contingent contract
D)
Voidable contract
Answer & Solution
Answer: Option
C
9
A proposes, by letter sent by post, to sell his house to B. The proposal of A is accepted by B by letter sent by post. When can A revoke his proposal?
A)
A may revoke proposal after B sent letter of acceptance by post
B)
A can revoke proposal at any time before B sent letter of acceptance
C)
Both A and B are correct
D)
None of the above
Answer & Solution
Answer: Option
B
10
An agreement without consideration is
A)
Void ab initio
B)
Voidable contract at the option of the promisor
C)
Void barring certain circumstances
D)
Illegal
Answer & Solution
Answer: Option
C
