91. Accord and satisfaction are terms related to
92. There can also be . . . . . . . . by estoppel
93. When a bookseller advertises that he has a stock of books to sell, he is making
94. Goods may be pledged
95. Under Indian Contract Act, goods displayed in a shop window with a prize label will amount to-
96. A valid Lease can be determined by
97. A appoints B as his agent, by way of a power of attorney. This is an example of
98. The communication of a proposal is complete when it comes to the
99. PRINCIPLE: A contract is an agreement enforceable by law. All agreements are contracts if they are made with free consent by parties competent to contract for a lawful consideration and with a lawful object.
FACT: A, a 40-year-old businessman of sound mind, agrees to sell his bungalow worth 40 lakhs for 1 lakh. The agreement is:
(1) Invalid due to inadequate consideration
(2) Valid as there is lawful consideration
(3) Valid as A entered into it with free consent
(4) Valid because A has capacity to contract.
FACT: A, a 40-year-old businessman of sound mind, agrees to sell his bungalow worth 40 lakhs for 1 lakh. The agreement is:
(1) Invalid due to inadequate consideration
(2) Valid as there is lawful consideration
(3) Valid as A entered into it with free consent
(4) Valid because A has capacity to contract.
100. A party rescinding a contract:
Read More Section(Indian Contract Act)
Each Section contains maximum 100 MCQs question on Indian Contract Act. To get more questions visit other sections.
- Indian Contract Act - Section 1
- Indian Contract Act - Section 2
- Indian Contract Act - Section 3
- Indian Contract Act - Section 4
- Indian Contract Act - Section 6
- Indian Contract Act - Section 7
- Indian Contract Act - Section 8
- Indian Contract Act - Section 9
- Indian Contract Act - Section 10
- Indian Contract Act - Section 11
- Indian Contract Act - Section 12
- Indian Contract Act - Section 13
- Indian Contract Act - Section 14
- Indian Contract Act - Section 15