Indian Contract Act MCQ question and answer | Law MCQ question Page-7 section-10

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61.
An agreement not to pursue legal remedies but to refer the dispute to the arbitrator under Section 28 of the Indian Contract Act is

A. Voidable

B. Void

C. Valid

D. Unenforceable

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62.
A and B contract that A shall deliver goods to B to be paid for by B on delivery.

A. A need not deliver the goods, unless B is ready and willing to pay for the goods on delivery

B. B need not pay for the goods unless A is ready and willing to deliver them on payment

C. Both (A) and (B)

D. Either (A) or (B)

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63.
Which one of the following is an essential component of a valid contract?

A. Social and economic pressures, the parties are exposed to

B. Dominance of one party over the other

C. Legal influence of the parties

D. Competence and the contractual capacities of the parties

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64.
An agent, at the time of making the contract does not disclose the name and address of his principal but it comes known to the second party afterwards. In case of any default the second party may file a suit against

A. Principal

B. Agent

C. Either agent or principal or both

D. None of the above

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65.
Consider the following statements:
A person is said to be of sound mind for the purpose of making a contract if at the time of making it he is:
1. of the age of majority.
2. capable of understanding the contract though unable to form a rational judgment as to its effect upon his interest.
3. capable of understanding it and of forming a rational judgement as to its effect upon his interest.
Which of the statements given above is/are correct?

A. 1 only

B. 1, 2 and 3

C. 2 and 3, only

D. 3 only

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66.
X contracted with a tent house for erecting a shamiana for performing the marriage of his daughter. On the day of marriage, a curfew was clamped in the area preventing the celebration of the marriage. The shamiana owner claims the charges agreed to be paid by X. In the light of the above, which one of the following is correct?

A. X has to pay the contracted charges

B. X need not pay the agreed charges but only reasonable charges

C. X can require the State to bear the claim for damages

D. X need not pay anything as the celebration of the marriage was impossible on account of the curfew

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67.
A compromise which is voidable under Indian Contract Act, 1872 shall not be deemed to be . . . . . . . . within the meaning of Order XXIII Rule 3 of Code of Civil Procedure, 1908

A. Void

B. Voidable

C. Illegal

D. Lawful

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68.
Under Contract Act, when consent to an agreement is caused by undue influence, the agreement is a . . . . . . . . contract.

A. Voidable

B. Void

C. Valid

D. Illegal

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69.
If minor is supplied with necessaries:

A. Minor is personally liable

B. Neither minor, nor his estate or property is liable

C. Minor's estate or property is liable

D. Minor is liable on becoming major

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70.
A continuing guarantee applies to

A. A specific transaction

B. A specific number of transactions

C. Any number of transactions

D. Reasonable number of transactions

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Indian Contract Act MCQ question and answer | Law MCQ question

61. An agreement not to pursue legal remedies but to refer the dispute to the arbitrator under Section 28 of the Indian Contract Act is

Answer & Solution

62. A and B contract that A shall deliver goods to B to be paid for by B on delivery.

Answer & Solution

63. Which one of the following is an essential component of a valid contract?

Answer & Solution

64. An agent, at the time of making the contract does not disclose the name and address of his principal but it comes known to the second party afterwards. In case of any default the second party may file a suit against

Answer & Solution

Answer & Solution

Answer & Solution

67. A compromise which is voidable under Indian Contract Act, 1872 shall not be deemed to be . . . . . . . . within the meaning of Order XXIII Rule 3 of Code of Civil Procedure, 1908

Answer & Solution

68. Under Contract Act, when consent to an agreement is caused by undue influence, the agreement is a . . . . . . . . contract.

Answer & Solution

69. If minor is supplied with necessaries:

Answer & Solution

70. A continuing guarantee applies to

Answer & Solution

Read More Section(Indian Contract Act)

61.
An agreement not to pursue legal remedies but to refer the dispute to the arbitrator under Section 28 of the Indian Contract Act is

62.
A and B contract that A shall deliver goods to B to be paid for by B on delivery.

63.
Which one of the following is an essential component of a valid contract?

64.
An agent, at the time of making the contract does not disclose the name and address of his principal but it comes known to the second party afterwards. In case of any default the second party may file a suit against

67.
A compromise which is voidable under Indian Contract Act, 1872 shall not be deemed to be . . . . . . . . within the meaning of Order XXIII Rule 3 of Code of Civil Procedure, 1908

68.
Under Contract Act, when consent to an agreement is caused by undue influence, the agreement is a . . . . . . . . contract.

69.
If minor is supplied with necessaries:

70.
A continuing guarantee applies to