Indian Contract Act MCQ question and answer

1

"A contract is a contract between the parties to the contract. A third party is a stranger to the contract even if it is avowedly made for his benefit." This is known as

A) Principle of estoppels B) Nullity of contract C) Constructive contract D) Privity of contract

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Answer & Solution

Answer: Option D

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2

What is the obligation of a person who has received advantage under void agreement:

A) He can retain the advantage received with the prior approval of the person from whom he received it B) He can retain the advantage received without any prior permission from anyone C) He is bound to restore it or make compensation for it to the person from whom he received it D) He is bound to restore it or make compensation for it only when a Court order is passed in this behalf

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Answer & Solution

Answer: Option C

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3

Duty to mitigate damages on the part of injured party arises:

A) In cases of breach at the time fixed for performance of the contract B) In cases of anticipatory breach C) Both A and B D) Either A or B

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Answer & Solution

Answer: Option D

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4

M agrees to pay N 10,000 rupees if two parallel lines should enclose a space. The agreement is:

A) Voidable at the instance of Promisee B) Void because of uncertainty and ambiguity C) Void because of future event D) Void because of impossible event E) None of the above

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Answer & Solution

Answer: Option D

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5

An agreement with minor is void, hence:

A) Minor is never allowed to enforce such agreement B) Minor is allowed to enforce such agreement, if it was made for his benefit C) Minor is always allowed to enforce such agreement D) Minor is allowed to enforce such contract when other party makes no objection E) None of these

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Answer & Solution

Answer: Option B

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6

A contract by post is concluded at the place

A) From where the offer had been made B) From where the acceptance had been posted C) Where the acceptance had been received D) Where the goods are to be delivered

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Answer & Solution

Answer: Option B

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7

Under Indian Contract Act, 1872, an agency shall stand terminated in the below mentioned case:

A) Death or insolvency of principal B) Death or insolvency of agent C) Death or insolvency of both the agent and the principal D) Death or insolvency of either the agent or the principal

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Answer & Solution

Answer: Option A

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8

An Offer must be

A) General B) Specific C) Incapable of Communication D) Possible

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Answer & Solution

Answer: Option B

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9

X entrust Y with negotiable instruments endorsed in blank. Y sells them to Z is violation of private orders from X. The sale is-

A) Void B) Valid C) Voidable at the option of Y D) Voidable at the option of Z

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Answer & Solution

Answer: Option B

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10

A wife has an implied authority of the husband to buy articles of household necessity

A) If the wife is living with her husband B) If the wife is living separately C) If the wife is living with her husband not in a domestic establishment D) If the wife gets a reasonable allowance from the husband for her needs

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Answer & Solution

Answer: Option A

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Indian Contract Act MCQ question and answer | Law MCQ question