Indian Contract Act MCQ question and answer | Law MCQ question Page-3 section-10

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21.
What is the term used to describe a guarantee which is intended to cover a number of transaction over a period of time?

A. Ordinary guarantee

B. Specific guarantee

C. Continuing guarantee

D. Subsequent guarantee

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22.
A enters into contract with B. In this, B is guilty of fraud. A can now

A. Rescind the contract but cannot get compensation

B. Get compensation only

C. Rescind the contract and get compensation

D. None of the above

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23.
A 'contract of pledge' is a contract of

A. Indemnity

B. Guarantee

C. Bailment

D. Agency

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24.
Where there are two courts which would normally have the jurisdiction, an agreement to file suit in one of those courts alone, is

A. Void

B. Valid

C. Voidable

D. Unenforceable

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25.
Under the Indian Contract Act

A. A stranger to the contract can sue

B. A stranger to the contract cannot sue

C. A stranger but beneficiary under the contract can sue

D. None of the above

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26.
Which of the following deals with enforcement of contracts contingent on an event happening in the Indian Contract Act, 1872?

A. Section 22

B. Section 28

C. Section 19

D. Section 32

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27.
When consideration or object of an agreement is partly unlawful, under Indian Contract Act, 1872 the agreement is:

A. Void

B. Voidable

C. Partially void and partially voidable

D. Enforceable

E. None of the above

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28.
"In pari delicto" means:

A. Where parents are at fault

B. In case of equal fault or guilt

C. A person with guilty mind

D. A delinquent criminal

E. None of these

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29.
Where one of the joint promisors makes a default in contribution of performance

A. The other joint promisors have no right against the defaulter

B. Have to bear the loss in equal share

C. Not supposed to bear the loss

D. The contract becomes void to that extent

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30.
A proposal is revoked:

A. Only by the death or insanity of the proposer itself

B. By the death or insanity if the fact of the death or insanity comes to the knowledge of the acceptor

C. By the death or insanity of the proposer if the fact of his death or insanity comes to the knowledge of the acceptor before acceptance

D. None of the above is correct

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Indian Contract Act MCQ question and answer | Law MCQ question

21. What is the term used to describe a guarantee which is intended to cover a number of transaction over a period of time?

Answer & Solution

22. A enters into contract with B. In this, B is guilty of fraud. A can now

Answer & Solution

23. A 'contract of pledge' is a contract of

Answer & Solution

24. Where there are two courts which would normally have the jurisdiction, an agreement to file suit in one of those courts alone, is

Answer & Solution

25. Under the Indian Contract Act

Answer & Solution

26. Which of the following deals with enforcement of contracts contingent on an event happening in the Indian Contract Act, 1872?

Answer & Solution

27. When consideration or object of an agreement is partly unlawful, under Indian Contract Act, 1872 the agreement is:

Answer & Solution

28. "In pari delicto" means:

Answer & Solution

29. Where one of the joint promisors makes a default in contribution of performance

Answer & Solution

30. A proposal is revoked:

Answer & Solution

Read More Section(Indian Contract Act)

21.
What is the term used to describe a guarantee which is intended to cover a number of transaction over a period of time?

22.
A enters into contract with B. In this, B is guilty of fraud. A can now

23.
A 'contract of pledge' is a contract of

24.
Where there are two courts which would normally have the jurisdiction, an agreement to file suit in one of those courts alone, is

25.
Under the Indian Contract Act

26.
Which of the following deals with enforcement of contracts contingent on an event happening in the Indian Contract Act, 1872?

27.
When consideration or object of an agreement is partly unlawful, under Indian Contract Act, 1872 the agreement is:

28.
"In pari delicto" means:

29.
Where one of the joint promisors makes a default in contribution of performance

30.
A proposal is revoked: