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

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91.
An agreement made to sell a cargo of corn which was not in existence at the time of contract is:-

A. Voidable at the option of either party

B. A valid agreement

C. A void agreement

D. An unenforceable agreement

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92.
"An acceptance is complete as soon as the letter of acceptance is posted whether it reaches the offerer or not" which one of the following with regard to the above statement is correct-

A. According to Indian Law, the rule is valid

B. According to English law, the rule is valid

C. Both Indian Law and English Law follow the same rule

D. None of the above is correct

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93.
X' a magician agrees with Z to discover treasure by magic. The agreement is:-

A. Voidable at the option of Z

B. Illegal

C. Impossible in itself and void

D. Enforceable

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94.
Which one of the following is not essential for a consideration?

A. It must be given at the desire of the promisor

B. Valuable

C. Lawful

D. Adequate

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95.
In which case it was held that when charge or pledge is enforced by way of sale of the pledged or hypothecated goods the sale is for consideration and falls within the ambit of section 2(xxi) of Limitation Act

A. Federal Bank Ltd. v. State of Kerala(2007)

B. Hardev Singh v. Gurmail Singh (2006)

C. Jatinder Nath v. Chopra Land Developers (2005)

D. None of the above

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96.
A debtor owes several distinct debts to the same creditor and he makes a payment which is insufficient to satisfy all the debts. In such a case, a question arises as to which particular debt the payment is to be appropriated. Which sections of the Contract Act provides an answer to this question?

A. Section 10 to 12

B. Section 22 of 31

C. Section 55 to 60

D. Section 59 to 61

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97.
Under Section 28 of the Indian Contract Act, 1872 an agreement not to pursue any legal remedy to enforce the right is:

A. Valid

B. Voidable

C. Void

D. Unenforceable

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98.
What is the meaning of novation:

A. Rescinding of a contract

B. Alteration of a contract

C. Change in provisions of a contract

D. Substituting an old contract for a new one

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99.
A patient in a lunatic asylum, who is, at intervals, of sound mind, may contract during those intervals. Choose the correct option.

A. A person in a lunatic asylum cannot enter into any contract

B. As per Section 12, during the intervals when he is of sound mind, he can enter into contract

C. Though, as per Section 12, he may enter into an agreement during the intervals when he is of sound mind, such agreements shall not be enforceable in any court of law

D. None of the above

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100.
X promises Y to drop a prosecution which he has instituted against Y for robbery and Y promises to restore the value of the things taken. Which one of the following is the correct answer?

A. The agreement is a contract

B. The agreement is immoral

C. The agreement is void as it is in restraint of legal proceedings

D. The agreement is void as its object is unlawful

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Indian Contract Act MCQ question and answer | Law MCQ question

91. An agreement made to sell a cargo of corn which was not in existence at the time of contract is:-

Answer & Solution

92. "An acceptance is complete as soon as the letter of acceptance is posted whether it reaches the offerer or not" which one of the following with regard to the above statement is correct-

Answer & Solution

93. X' a magician agrees with Z to discover treasure by magic. The agreement is:-

Answer & Solution

94. Which one of the following is not essential for a consideration?

Answer & Solution

95. In which case it was held that when charge or pledge is enforced by way of sale of the pledged or hypothecated goods the sale is for consideration and falls within the ambit of section 2(xxi) of Limitation Act

Answer & Solution

Answer & Solution

97. Under Section 28 of the Indian Contract Act, 1872 an agreement not to pursue any legal remedy to enforce the right is:

Answer & Solution

98. What is the meaning of novation:

Answer & Solution

99. A patient in a lunatic asylum, who is, at intervals, of sound mind, may contract during those intervals. Choose the correct option.

Answer & Solution

100. X promises Y to drop a prosecution which he has instituted against Y for robbery and Y promises to restore the value of the things taken. Which one of the following is the correct answer?

Answer & Solution

Read More Section(Indian Contract Act)

91.
An agreement made to sell a cargo of corn which was not in existence at the time of contract is:-

92.
"An acceptance is complete as soon as the letter of acceptance is posted whether it reaches the offerer or not" which one of the following with regard to the above statement is correct-

93.
X' a magician agrees with Z to discover treasure by magic. The agreement is:-

94.
Which one of the following is not essential for a consideration?

95.
In which case it was held that when charge or pledge is enforced by way of sale of the pledged or hypothecated goods the sale is for consideration and falls within the ambit of section 2(xxi) of Limitation Act

97.
Under Section 28 of the Indian Contract Act, 1872 an agreement not to pursue any legal remedy to enforce the right is:

98.
What is the meaning of novation:

99.
A patient in a lunatic asylum, who is, at intervals, of sound mind, may contract during those intervals. Choose the correct option.

100.
X promises Y to drop a prosecution which he has instituted against Y for robbery and Y promises to restore the value of the things taken. Which one of the following is the correct answer?