Indian Contract Act MCQ question and answer | Law MCQ question Page-7 section-5

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61.
A contract of insurance is what kind of contract?

A. Contract of guarantee

B. Contract of indemnity

C. Contract of surety

D. Contract of bailment

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62.
Anuj says to Ramesh, "if he would be interested in purchasing his bike for Rs. 10,000?" Ramesh immediately takes Rs. 10,000 to Anuj and says he wants to buy the bike. The result is:

A. A binding contract is formed

B. Only an agreement is formed

C. No contract is formed

D. A voidable contract is formed

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63.
V' places an order with 'S' for the supply of 20 sewing machines. 'S' could not supply these in time. 'V' loses a profitable contract due to this (a fact that was not communicated to 'S') and claims his loss of profit from 'S'. But 'V' does not succeed as the nature of the damage is:

A. Foreseeable

B. Remote

C. Ordinary

D. Special

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64.
Indian Contract Act:- 'A' and 'B' make a contract grounded on the erroneous belief that a particular debt is barred by the Indian Law of Limitation?

A. The contract is voidable

B. The contract is not voidable

C. The contract is void

D. The contract is void because both parties are under mistake

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65.
A sub-agent is responsible to the principal on which of the following grounds

A. Fraud or Negligence

B. Negligence or Deceit

C. Wilful wrong or Fraud

D. Wilful wrong or Negligence

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66.
X, a publisher of a newspaper, agrees to publish at Y's request a defamatory article in respect of Z as Y agrees to indemnify X against the consequences of the publication. In a Suit by Z, X has to pay damages and incur expenses. Which one of the following is the correct statement regarding the liability of Y?

A. Y is liable to indemnify X on the contract of indemnity

B. Y is not liable as the act was criminal

C. Y is liable as a joint tort feaser and thus must pay half of the damages and costs

D. Y is liable as a principal

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67.
A' contracts to pay 'B' a sum of money when 'B' marries 'C'. This is a type of:

A. Contingent Contract

B. Vested Contract

C. Illegal Contract

D. Voidable Contract

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68.
In a contract of guarantee under Indian Contract Act, 1872, the person for whom the guarantee is given is called

A. Surety

B. Principal Debtor

C. Creditor

D. None of the above

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69.
Consent will be said to be free, when it is not caused by coercion, undue influence, fraud, misrepresentation and mistake. The term 'free consent' has been defined in which Section of the Contract Act?

A. Section 14

B. Section 15

C. Section 16

D. Section 17

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70.
A is surety for B for a loan of Rs. One lac which B defaulted. A is liable for

A. Rs. One lac

B. Not liable

C. Liable to recover it from B and to pay to crealce

D. None of the above

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Indian Contract Act MCQ question and answer | Law MCQ question

61. A contract of insurance is what kind of contract?

Answer & Solution

62. Anuj says to Ramesh, "if he would be interested in purchasing his bike for Rs. 10,000?" Ramesh immediately takes Rs. 10,000 to Anuj and says he wants to buy the bike. The result is:

Answer & Solution

63. V' places an order with 'S' for the supply of 20 sewing machines. 'S' could not supply these in time. 'V' loses a profitable contract due to this (a fact that was not communicated to 'S') and claims his loss of profit from 'S'. But 'V' does not succeed as the nature of the damage is:

Answer & Solution

64. Indian Contract Act:- 'A' and 'B' make a contract grounded on the erroneous belief that a particular debt is barred by the Indian Law of Limitation?

Answer & Solution

65. A sub-agent is responsible to the principal on which of the following grounds

Answer & Solution

Answer & Solution

67. A' contracts to pay 'B' a sum of money when 'B' marries 'C'. This is a type of:

Answer & Solution

68. In a contract of guarantee under Indian Contract Act, 1872, the person for whom the guarantee is given is called

Answer & Solution

69. Consent will be said to be free, when it is not caused by coercion, undue influence, fraud, misrepresentation and mistake. The term 'free consent' has been defined in which Section of the Contract Act?

Answer & Solution

70. A is surety for B for a loan of Rs. One lac which B defaulted. A is liable for

Answer & Solution

Read More Section(Indian Contract Act)

61.
A contract of insurance is what kind of contract?

62.
Anuj says to Ramesh, "if he would be interested in purchasing his bike for Rs. 10,000?" Ramesh immediately takes Rs. 10,000 to Anuj and says he wants to buy the bike. The result is:

63.
V' places an order with 'S' for the supply of 20 sewing machines. 'S' could not supply these in time. 'V' loses a profitable contract due to this (a fact that was not communicated to 'S') and claims his loss of profit from 'S'. But 'V' does not succeed as the nature of the damage is:

64.
Indian Contract Act:- 'A' and 'B' make a contract grounded on the erroneous belief that a particular debt is barred by the Indian Law of Limitation?

65.
A sub-agent is responsible to the principal on which of the following grounds

67.
A' contracts to pay 'B' a sum of money when 'B' marries 'C'. This is a type of:

68.
In a contract of guarantee under Indian Contract Act, 1872, the person for whom the guarantee is given is called

69.
Consent will be said to be free, when it is not caused by coercion, undue influence, fraud, misrepresentation and mistake. The term 'free consent' has been defined in which Section of the Contract Act?

70.
A is surety for B for a loan of Rs. One lac which B defaulted. A is liable for