Indian Contract Act MCQ question and answer | Law MCQ question Page-1 section-15

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1.
Sub-agent is responsible for his acts to the agent but not to the principal. Find the correct option with reference to the Contract Act, 1872.

A. The statement is true and the provision in this regard is there in the Section 192

B. The statement is false and nothing has been provided under the Act

C. The statement is partially true and Section 192 does not deal with this

D. None of the above

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2.
Which section of the Indian Contract Act, 1872 defines the term "reciprocal promises"?

A. Section 2(e)

B. Section 2(g)

C. Section 2(d)

D. Section 2(f)

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3.
In a pledge, the general property or ownership in 'goods'

A. Continues in pledgor

B. Transferred to the pledgee

C. Cannot be transferred to the pledgee

D. Either A or B

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4.
Presumption of undue influence can be raised in cases of:

A. Contracts with pardanashin lady

B. Contract with minor

C. Relationship of parties being such that one party is in a position to dominate the will of the other

D. Unconscionable bargains

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5.
Out of the following agreements which one is not void?

A. Agreement with handicapped person

B. Agreement to restrain a marriage

C. Wagering agreement

D. Agreement without consideration

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6.
In case of a sub-agent lawfully appointed, which of the following is correct?

A. As regards third parties, the subagent can neither bind the principal nor the original agent

B. As regards third parties, the sub-agent can bind only the original agent

C. As regards third parties, the sub-agent binds the principal as an original agent can bind

D. As regards third parties, the sub-agent cannot bind the principal as an original agent

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7.
When a contract is breached, the party who suffers such breach shall:

A. Be indemnified for the loss or damage caused to him

B. Receive compensation for any loss or damage caused to him

C. Be remunerated for the loss or damage caused to him

D. Not have any right under this Act

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8.
What is a continuing guarantee:

A. A guarantee which continues even after the contract comes to an end

B. A guarantee which shall be applicable to any other person who becomes a party to the contract

C. A guarantee which extends to a series of transaction

D. A guarantee which continues till the contract does not come to an end

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9.
A trader supplied to a minor wheat and rice required for food. On the failure of the minor to pay, for it, the trader files a suit.
The trader

A. Will get no relief since minor's agreements are void

B. Will get no relief since the supplies were not made at the desire of the minor

C. Can recover the price of the goods supplied, as there was an implied promise

D. Is entitled to be reimbursed out of the property of the minor, since the articles supplied constitute necessaries

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10.
Read Assertion (A) and Reason (R) and give correct answer with the help of given below:
Assertion (A): The relations of partners inter se is that of principal and agent.
Reason (R): The rules of the law of agency does not apply in case of their liability.

A. Both (A) and (R) are true and (R) is the correct explanation of (A)

B. Both (A) and (R) are true but (R) is not the correct explanation of (A)

C. (A) is right but (R) is wrong

D. (A) is wrong but (R) is right

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Indian Contract Act MCQ question and answer | Law MCQ question

1. Sub-agent is responsible for his acts to the agent but not to the principal. Find the correct option with reference to the Contract Act, 1872.

Answer & Solution

2. Which section of the Indian Contract Act, 1872 defines the term "reciprocal promises"?

Answer & Solution

3. In a pledge, the general property or ownership in 'goods'

Answer & Solution

4. Presumption of undue influence can be raised in cases of:

Answer & Solution

5. Out of the following agreements which one is not void?

Answer & Solution

6. In case of a sub-agent lawfully appointed, which of the following is correct?

Answer & Solution

7. When a contract is breached, the party who suffers such breach shall:

Answer & Solution

8. What is a continuing guarantee:

Answer & Solution

9. A trader supplied to a minor wheat and rice required for food. On the failure of the minor to pay, for it, the trader files a suit. The trader

Answer & Solution

10. Read Assertion (A) and Reason (R) and give correct answer with the help of given below: Assertion (A): The relations of partners inter se is that of principal and agent. Reason (R): The rules of the law of agency does not apply in case of their liability.

Answer & Solution

Read More Section(Indian Contract Act)

1.
Sub-agent is responsible for his acts to the agent but not to the principal. Find the correct option with reference to the Contract Act, 1872.

2.
Which section of the Indian Contract Act, 1872 defines the term "reciprocal promises"?

3.
In a pledge, the general property or ownership in 'goods'

4.
Presumption of undue influence can be raised in cases of:

5.
Out of the following agreements which one is not void?

6.
In case of a sub-agent lawfully appointed, which of the following is correct?

7.
When a contract is breached, the party who suffers such breach shall:

8.
What is a continuing guarantee:

9.
A trader supplied to a minor wheat and rice required for food. On the failure of the minor to pay, for it, the trader files a suit.
The trader

10.
Read Assertion (A) and Reason (R) and give correct answer with the help of given below:
Assertion (A): The relations of partners inter se is that of principal and agent.
Reason (R): The rules of the law of agency does not apply in case of their liability.