Indian Contract Act MCQ question and answer | Law MCQ question Page-2 section-15

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11.
Which one of the following is explicitly stated in Section 2(b) of the Indian Contract Act 1872?

A. A proposal, when accepted becomes a promise

B. A proposal, when accepted become a contract

C. A proposal, when accepted becomes an agreement

D. A proposal, when accepted becomes assurance

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12.
In cases of refusal to perform by one party, the other party

A. Can ignore the notice of refusal for the time being and wait till the time when the contract is to be executed

B. Can treat the repudiation as wrongful putting an end to the contract

C. Can waive his right to rescission by acquiescence

D. All the above

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13.
An agreement by which one is restrained from exercising a lawful profession, trade or business of any kind is:-

A. To that extent void

B. Voidable at the option of party who has been restrained

C. Valid and enforceable at law

D. Illegal

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14.
When, at the desire of the promisor, the promisee or any other person has done or abstained from doing or, does or abstains from doing or promises to do or to abstain from doing something, such act or abstinence or promise under section 2(d) is called

A. Reciprocal promise

B. Consideration for the promise

C. Counter offer

D. Acceptance

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15.
Which of the statements as to consideration is not correct:

A. It may be past also

B. It need not be adequate

C. Stranger to it cannot sue

D. It must be real

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16.
An Agreement in restraint of marriage of any person other than a minor is a-

A. Legal Contract

B. Voidable Contract

C. Fraudulent Contract

D. Void Contract

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17.
A owns a residential flat. He is entitled to quiet possession and enjoyment of his property. This is called

A. Rights in Personam

B. Rights is Rem

C. Moral Right

D. There is no right at all

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18.
The codified law for the law of Contract in India is

A. Indian Contract Act, 1872

B. Indian Contract Act, 1973

C. Indian Contract Act, 1992

D. Indian Contract Act, 1901

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19.
The delivery of goods by one person to another for some specific purpose is known as

A. Bailment

B. Pledge

C. Hypothecation

D. Mortgage

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20.
An obligation under a contract stands discharged

A. By proper performance

B. By dispensation with the performance

C. By death of the contracting party if the contract is personal in nature

D. All the above

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Indian Contract Act MCQ question and answer | Law MCQ question

11. Which one of the following is explicitly stated in Section 2(b) of the Indian Contract Act 1872?

Answer & Solution

12. In cases of refusal to perform by one party, the other party

Answer & Solution

13. An agreement by which one is restrained from exercising a lawful profession, trade or business of any kind is:-

Answer & Solution

14. When, at the desire of the promisor, the promisee or any other person has done or abstained from doing or, does or abstains from doing or promises to do or to abstain from doing something, such act or abstinence or promise under section 2(d) is called

Answer & Solution

15. Which of the statements as to consideration is not correct:

Answer & Solution

16. An Agreement in restraint of marriage of any person other than a minor is a-

Answer & Solution

17. A owns a residential flat. He is entitled to quiet possession and enjoyment of his property. This is called

Answer & Solution

18. The codified law for the law of Contract in India is

Answer & Solution

19. The delivery of goods by one person to another for some specific purpose is known as

Answer & Solution

20. An obligation under a contract stands discharged

Answer & Solution

Read More Section(Indian Contract Act)

11.
Which one of the following is explicitly stated in Section 2(b) of the Indian Contract Act 1872?

12.
In cases of refusal to perform by one party, the other party

13.
An agreement by which one is restrained from exercising a lawful profession, trade or business of any kind is:-

14.
When, at the desire of the promisor, the promisee or any other person has done or abstained from doing or, does or abstains from doing or promises to do or to abstain from doing something, such act or abstinence or promise under section 2(d) is called

15.
Which of the statements as to consideration is not correct:

16.
An Agreement in restraint of marriage of any person other than a minor is a-

17.
A owns a residential flat. He is entitled to quiet possession and enjoyment of his property. This is called

18.
The codified law for the law of Contract in India is

19.
The delivery of goods by one person to another for some specific purpose is known as

20.
An obligation under a contract stands discharged