Indian Contract Act MCQ question and answer | Law MCQ question Page-5 section-2

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41.
Arrange the sequence of the following concepts in which they appear in a contract, using the given below:
(1) Communication of acceptance
(2) Deceit
(3) Invitation to Offer
(4) Damages

A. (3), (2), (1), (4)

B. (3), (4), (2), (1)

C. (3), (1), (2), (4)

D. (3), (2), (1), (4)

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42.
Revocation of offer by letter or telegram can be complete:

A. When it is dispatched

B. When it is received by the offeree

C. When it reaches the offeree

D. Both A and C

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43.
What is the minimum consideration required to create an agency?

A. Minimum of Rupees One Lakh

B. Minimum of Rupees One Thousand

C. No consideration at all is required

D. Minimum of Rupees Ten Thousand

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44.
Match the List I with List II and select the correct answer with the help of given below:

List-I List-II

a. Contingent Contract 1. Section 30, Contract Act

b. Wagering Contract 2. Section 25, Contract Act

c. Restraint from trade or business 3. Section 31, Contract Act

d. Agreement without consideration 4. Section 27, Contract Act

A. a-1, b-4, c-3, d-2

B. a-3, b-1, c-4, d-2

C. a-1, b-3, c-4, d-2

D. a-4, b-1, c-3, d-2

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45.
A finds B's purse and gives it to him. B promises to give A Rs. 50.

A. This is a valid contract

B. This is void contract

C. This is no contract at all

D. This is a voidable contract

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46.
The judicial basis of quasi-contractual obligation can be explained through the principle of:

A. Voluntary benefits

B. Just and reasonable solution

C. Unjust enrichment

D. "Indebitus - assumpsit"

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47.
The branches Section 30 of the Indian Contract Act, 1872 declares:

A. Agreement of wager void

B. Prevents the winner from bringing an action to recover amount won (even under a substituted contract)

C. Prevents the winner from suing the stakeholder

D. All of them

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48.
Under the Indian Contract Act, an agreement by a heavily drunk person has the same consequence as that of:

A. A minor's agreement

B. A gangster's agreement

C. A monk's agreement

D. A mistaken agreement

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49.
Under the contract of guarantee, the liability of the surety

A. Can be limited

B. Cannot be limited & has to extend to the whole of the amount due from the principal debtor

C. Can be extended to penalties also

D. Both B and C

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50.
A' applied for allotment of 100 shares in 'B' company. A letter of allotment addressed to 'A' was posted in due time, but it never reached 'A'. The posting of letter of allotment:

A. Completes the contract

B. Does not completes the contract

C. Makes the contract voidable

D. Makes the contract void

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1 2 3 4 5 6 7 8 9 10

List-I	List-II
a. Contingent Contract	1. Section 30, Contract Act
b. Wagering Contract	2. Section 25, Contract Act
c. Restraint from trade or business	3. Section 31, Contract Act
d. Agreement without consideration	4. Section 27, Contract Act

Indian Contract Act MCQ question and answer | Law MCQ question

41. Arrange the sequence of the following concepts in which they appear in a contract, using the given below: (1) Communication of acceptance (2) Deceit (3) Invitation to Offer (4) Damages

Answer & Solution

42. Revocation of offer by letter or telegram can be complete:

Answer & Solution

43. What is the minimum consideration required to create an agency?

Answer & Solution

Answer & Solution

45. A finds B's purse and gives it to him. B promises to give A Rs. 50.

Answer & Solution

46. The judicial basis of quasi-contractual obligation can be explained through the principle of:

Answer & Solution

47. The branches Section 30 of the Indian Contract Act, 1872 declares:

Answer & Solution

48. Under the Indian Contract Act, an agreement by a heavily drunk person has the same consequence as that of:

Answer & Solution

49. Under the contract of guarantee, the liability of the surety

Answer & Solution

50. A' applied for allotment of 100 shares in 'B' company. A letter of allotment addressed to 'A' was posted in due time, but it never reached 'A'. The posting of letter of allotment:

Answer & Solution

Read More Section(Indian Contract Act)

41.
Arrange the sequence of the following concepts in which they appear in a contract, using the given below:
(1) Communication of acceptance
(2) Deceit
(3) Invitation to Offer
(4) Damages

42.
Revocation of offer by letter or telegram can be complete:

43.
What is the minimum consideration required to create an agency?

45.
A finds B's purse and gives it to him. B promises to give A Rs. 50.

46.
The judicial basis of quasi-contractual obligation can be explained through the principle of:

47.
The branches Section 30 of the Indian Contract Act, 1872 declares:

48.
Under the Indian Contract Act, an agreement by a heavily drunk person has the same consequence as that of:

49.
Under the contract of guarantee, the liability of the surety

50.
A' applied for allotment of 100 shares in 'B' company. A letter of allotment addressed to 'A' was posted in due time, but it never reached 'A'. The posting of letter of allotment: