Indian Contract Act MCQ question and answer | Law MCQ question Page-3 section-15

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21.
In which of the following cases, a contingent becomes void:

A. If the contract contemplates the happening of the event within a certain time, and event does not happen or its happening becomes impossible

B. If the performance is made to depend upon an event which is already impossible

C. If the event contemplated does not happen

D. Both A and B above

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22.
The contracts where one of the parties has almost nil opportunities to bargain over the special terms of the agreement while the other party, usually the big corporate, is in a position to dictate its terms. The terms are prepared by the big corporate while the other party has no choice but either to accept the terms orleave the deal altogether. Such contracts are known as:

A. Adhesion Contracts

B. Standard form of Contracts

C. Voidable Contracts because the giant company may exploit the weakness of the individual

D. Both A and B

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23.
Which of the following rights is/are available to the agent

A. Right to remuneration & compensation

B. Right to retain

C. Right to indemnity

D. All the above

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24.
Section 25 of Indian Contract Act relates to:

A. Present consideration

B. Past consideration

C. Future consideration

D. Absence of consideration

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25.
X contracts to marry Y, being already married to Z, and being forbidden by the law to which he is subject to practise polygamy.
(1) X must pay compensation to Y for the loss caused to her by the nonperformance of his promise.
(2) X is under no obligation to compensate Yunder any law
(3) An agreement to do an act impossible in itself is void
In view of the above:

A. Both (1) and (2) are correct

B. Both (1) and (3) are correct

C. Only (2) is correct

D. Only (3) is correct

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26.
A agrees to sell a horse worth Rs. 1,000 for Rs. 10. A's consent to the agreement was freely given.

A. The agreement is a contract due to the adequacy of the consideration

B. The agreement is a not contract notwithstanding the inadequacy of the consideration

C. The agreement is a contract notwithstanding the inadequacy of the consideration

D. None of these

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27.
A contract entered into by a minor is:-

A. Valid and binding

B. Void ab initio

C. Voidable at the option of the minor

D. Voidable at the option of either party

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28.
Term 'Bailor' is defined in:

A. Contract Act

B. Specific Relief Act

C. Transfer of Property Act

D. Civil Procedure Code

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29.
As per the Mirror Image rule:

A. The offer and the counter-offer must match each other

B. The acceptance should be unconditional and thus should correspond to the offer

C. The acceptance of the offer should be conditional

D. None of the above

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30.
A and B go into the shop. B says to the shopkeeper "let him have the goods. I will ensure that you are paid". This is a contract of

A. Guarantee

B. Bailment

C. Indemnity

D. Pledge

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Indian Contract Act MCQ question and answer | Law MCQ question

21. In which of the following cases, a contingent becomes void:

Answer & Solution

Answer & Solution

23. Which of the following rights is/are available to the agent

Answer & Solution

24. Section 25 of Indian Contract Act relates to:

Answer & Solution

Answer & Solution

26. A agrees to sell a horse worth Rs. 1,000 for Rs. 10. A's consent to the agreement was freely given.

Answer & Solution

27. A contract entered into by a minor is:-

Answer & Solution

28. Term 'Bailor' is defined in:

Answer & Solution

29. As per the Mirror Image rule:

Answer & Solution

30. A and B go into the shop. B says to the shopkeeper "let him have the goods. I will ensure that you are paid". This is a contract of

Answer & Solution

Read More Section(Indian Contract Act)

21.
In which of the following cases, a contingent becomes void:

23.
Which of the following rights is/are available to the agent

24.
Section 25 of Indian Contract Act relates to:

26.
A agrees to sell a horse worth Rs. 1,000 for Rs. 10. A's consent to the agreement was freely given.

27.
A contract entered into by a minor is:-

28.
Term 'Bailor' is defined in:

29.
As per the Mirror Image rule:

30.
A and B go into the shop. B says to the shopkeeper "let him have the goods. I will ensure that you are paid". This is a contract of