Indian Contract Act MCQ question and answer | Law MCQ question Page-8 section-4

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71.
Which of the following statements with regard to contract is not correct?

A. The acceptance should be made in the manner prescribed in the proposal. But a departure from that manner does not itself invalidate the acceptance. A duty is cast on the offerer to reject such acceptance within reasonable time and if he fails to do so, the contract is clinched on him and he becomes bound by the acceptance

B. An acceptance containing additions, limitations or other modifications shall amount to rejection of the offer and shall constitute a counter offer

C. It is not open to an offeror to stipulate against an unwilling offeree that latter's silence will be regarded as equivalent to acceptance. He cannot force him to take a positive course of action under penalty of being contractually bound if he does not

D. An offerer would not be bound by a contract, if the letter of acceptance posted by the offeree is lost in transit and thus is not received by the offerer

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72.
A agrees to sell to B the goods which are on their way to Chennai from Oman by a ship. But before the agreement between the parties, the ship had sunk and the goods to be sold to B, were lost. Neither party is aware of this happening. The agreement is:

A. Void

B. Voidable

C. Valid

D. Enforcement

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73.
Which of the following is/are involved in wagering agreement? 1. An uncertain event.
2. Parties have no control over the event.
3. Except the stake parties have no other interest in the event.
Select the correct answer using the given below:

A. 1 only

B. 1 and 2

C. 2 and 3

D. 1, 2 and 3

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74.
Which of the following is incorrect? A valid offer must be

A. Capable of being accepted

B. Definite

C. Discretionary

D. Certain

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75.
Section 124 of Indian Contract Act, includes under Contract of Indemnity the

A. Losses caused by human conduct

B. Losses caused by accident

C. Losses caused by natural calamity

D. None of the above

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76.
An agreement not enforceable by law is stated to be void under

A. Section 2(d)

B. Section 2(e)

C. Section 2(f)

D. Section 2(g)

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77.
Promises which form the consideration or part thereof, for each other under section 2(f) are called

A. Acceptances for different proposals

B. Agreements

C. Reciprocal promises

D. Consideration

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78.
In cases of general offer to public at large

A. Notifying the acceptance to the proposer is necessary

B. The performance of his part of the contract amounts to acceptance

C. The performance of condition as acceptance is not necessary

D. None of the above

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79.
The term 'Contra proferentem' means that

A. An ambiguous term will be construed against the party responsible for its inclusion in the contract

B. Any ambiguity in the definition clause excluding the liability must be interpreted in favour of the party which is in a weak position

C. Any ambiguity in the terms and conditions including the liability must not be interpreted in favour of the party which is not in a strong position

D. Any ambiguity in the terms of contract excluding the liability must be interpreted in favour of the party which is financially weak

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80.
Difference between a contract and social agreement is that of

A. Consideration

B. Intention to create legal relationship

C. Consensus ad idem

D. Certainty of performance

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Indian Contract Act MCQ question and answer | Law MCQ question

71. Which of the following statements with regard to contract is not correct?

Answer & Solution

72. A agrees to sell to B the goods which are on their way to Chennai from Oman by a ship. But before the agreement between the parties, the ship had sunk and the goods to be sold to B, were lost. Neither party is aware of this happening. The agreement is:

Answer & Solution

73. Which of the following is/are involved in wagering agreement? 1. An uncertain event. 2. Parties have no control over the event. 3. Except the stake parties have no other interest in the event. Select the correct answer using the given below:

Answer & Solution

74. Which of the following is incorrect? A valid offer must be

Answer & Solution

75. Section 124 of Indian Contract Act, includes under Contract of Indemnity the

Answer & Solution

76. An agreement not enforceable by law is stated to be void under

Answer & Solution

77. Promises which form the consideration or part thereof, for each other under section 2(f) are called

Answer & Solution

78. In cases of general offer to public at large

Answer & Solution

79. The term 'Contra proferentem' means that

Answer & Solution

80. Difference between a contract and social agreement is that of

Answer & Solution

Read More Section(Indian Contract Act)

71.
Which of the following statements with regard to contract is not correct?

72.
A agrees to sell to B the goods which are on their way to Chennai from Oman by a ship. But before the agreement between the parties, the ship had sunk and the goods to be sold to B, were lost. Neither party is aware of this happening. The agreement is:

73.
Which of the following is/are involved in wagering agreement? 1. An uncertain event.
2. Parties have no control over the event.
3. Except the stake parties have no other interest in the event.
Select the correct answer using the given below:

74.
Which of the following is incorrect? A valid offer must be

75.
Section 124 of Indian Contract Act, includes under Contract of Indemnity the

76.
An agreement not enforceable by law is stated to be void under

77.
Promises which form the consideration or part thereof, for each other under section 2(f) are called

78.
In cases of general offer to public at large

79.
The term 'Contra proferentem' means that

80.
Difference between a contract and social agreement is that of