Indian Contract Act MCQ question and answer | Law MCQ question Page-1 section-3

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1.
Consider the following objectives of the law relating to damages:
1. Enrich the party who has sustained loss by breach of contract.
2. Punish the party who has committed the breach of contract.
3. Put the party, who sustained the loss, in the same position as if the contract has been performed.
Which of the statements given below is/are correct?

A. 1, 2 and 3

B. 2 and 3

C. 3 only

D. 1 and 2

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2.
When there is a breach of contract, special damages are awarded:

A. In all cases

B. Only when there are special circumstances

C. Only when there is a special loss

D. Only when there is a notice of the likely special loss

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3.
The act of submission of a tender is:

A. An act of making an offer pursuant to the notice inviting tender

B. An act of acceptance of the offer contained in the notice inviting tender

C. An act of entering into the contract

D. An act of making a counter proposal in pursuance to the notice inviting tender

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4.
"For an acceptance mere mental resolve to accept would not be sufficient; there must be some external manifestation of the intent by speech, writing or other act."
It was held by Supreme Court in

A. Fazal Ilahi v. East Indian Railway Co.

B. M. Nanjappa v. M.P. Muthuswamy

C. Dugdale v. Lovering

D. Bhagwan Das v. Girdhari Lal & Co.

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5.
Under which provision of Indian Contract Act the bank guarantee is governed

A. Section 126

B. Section 129

C. Section 135

D. Section 141

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6.
The following rules as to consideration is true:

A. It must be adequate

B. Must move at the desire of the promisor

C. It must be present or future

D. It must move at the desire of the promisee

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7.
Inadequacy of consideration could be taken into account by the court

A. When the proposer expresses his desire to get maximum return for the promise

B. When fraud is pleaded in the formation of the contract

C. When the promisor refuses to perform his promise

D. At the discretion of the court

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8.
Consent for a contractis free when it is caused by

A. Fraud

B. Coercion

C. Duress

D. Undue influence

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9.
In Indian Contract Act, the responsibility of finder of goods is provided under

A. Section 68

B. Section 69

C. Section 70

D. Section 71

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10.
Which one of the following statements is not correct?

A. All illegal agreements are void but all void agreements are not necessarily illegal

B. A wagering agreement is void but not illegal

C. An agreement with a minor is void but not illegal

D. A void agreement affects the performance of collateral transactions

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Indian Contract Act MCQ question and answer | Law MCQ question

Answer & Solution

2. When there is a breach of contract, special damages are awarded:

Answer & Solution

3. The act of submission of a tender is:

Answer & Solution

4. "For an acceptance mere mental resolve to accept would not be sufficient; there must be some external manifestation of the intent by speech, writing or other act." It was held by Supreme Court in

Answer & Solution

5. Under which provision of Indian Contract Act the bank guarantee is governed

Answer & Solution

6. The following rules as to consideration is true:

Answer & Solution

7. Inadequacy of consideration could be taken into account by the court

Answer & Solution

8. Consent for a contractis free when it is caused by

Answer & Solution

9. In Indian Contract Act, the responsibility of finder of goods is provided under

Answer & Solution

10. Which one of the following statements is not correct?

Answer & Solution

Read More Section(Indian Contract Act)

2.
When there is a breach of contract, special damages are awarded:

3.
The act of submission of a tender is:

4.
"For an acceptance mere mental resolve to accept would not be sufficient; there must be some external manifestation of the intent by speech, writing or other act."
It was held by Supreme Court in

5.
Under which provision of Indian Contract Act the bank guarantee is governed

6.
The following rules as to consideration is true:

7.
Inadequacy of consideration could be taken into account by the court

8.
Consent for a contractis free when it is caused by

9.
In Indian Contract Act, the responsibility of finder of goods is provided under

10.
Which one of the following statements is not correct?