Law Of Equity MCQ question and answer

21

Statutory recognition of the principles of principles of equity is not found in

A) Specific Relief Act, 1877 B) Indian Contract Act, 1872 C) The Sale of Goods Act, 1930 D) Indian Succession Act, 1925

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Answer & Solution

Answer: Option C

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22

Election must be made within

A) 2 months B) 3 months C) Within reasonable time D) The time stipulated in the instrument

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Answer & Solution

Answer: Option D

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23

Equality means

A) Literal equality B) Proportional equality C) Both (A) and (B) D) Neither (A) nor (B)

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Answer & Solution

Answer: Option B

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24

Choose the correct statements
(1) Equitable interests can be settled, mortgaged and disposed of in the same way as legal interest
(2) In case of conflict between equity and law, equity prevails
(3) When equities are equal, that which is first in time will prevail

A) (1), (2) B) (2), (3) C) (1), (3) D) (1), (2), (3)

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Answer & Solution

Answer: Option C

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25

The primary source of equity is

A) Custom B) Written law C) Judicial decisions D) Conscience

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Answer & Solution

Answer: Option D

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26

English rules of equity have

A) Been substantially incorporated by the Indian legislature B) Been partly incorporated by the Indian legislature C) Been wholly incorporated by the Indian legislature D) Not all been followed by the Indian Legislature

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Answer & Solution

Answer: Option A

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27

Equity delights in equality does not apply to

A) Section 48 of Code of Civil Procedure B) Section 49 of Code of Civil Procedure C) Section 42 of Indian Contract Act D) Section 43 of the Indian Contract Act

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Answer & Solution

Answer: Option B

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28

Choose the correct statement

A) A litigant cannot seek equitable remedies as a matter of right as such remedies are at the discretion of the Court B) A litigant can seek equitable remedies as a matter of right as such remedies are the duty of the Court C) There is distinction between legal interest and equitable interest in India D) Statutory provisions shall apply only to legal interests and not equitable interests in India

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Answer & Solution

Answer: Option A

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Law Of Equity MCQ question and answer | Law MCQ question