Indian Contract Act MCQ question and answer | Law MCQ question Page-10 section-6

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91.
If the parties to a contract agree to substitute a new contract for it, or to rescind or alter it, the original contract

A. Need not be performed

B. Has to be performed

C. Has to be discharged

D. None of the above

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92.
The bailment of goods as security for payment of a debt or performance of a promise is called

A. Bailment

B. Mortgage

C. Pledge

D. Charge

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93.
A person employed to do any act for another or to represent another in dealings with the third person is:

A. A principal

B. A pawnor

C. An agent

D. A bailor

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94.
Which one of the following essentials of contract does not find place in the Indian Contract Act, 1872?

A. Competency of Parties

B. Real consideration

C. Intention of contract

D. Lawful object

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95.
A power of attorney executed by 'A' in favour of 'B' remains valid and effective notwithstanding death of 'A':

A. As the power of attorney was executed by 'A' during his lifetime

B. As long as 'B' is not aware of the death of 'A'

C. As long as legal representatives of 'A' do not cancel the said attorney

D. If the same has been executed for consideration

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96.
Which of the following is a valid guarantee

A. Guarantee of a minor's debt

B. Guarantee of a debt of a company acting ultra vires in obtaining the loan

C. Both A and B

D. Neither A nor B

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97.
The case of Hadley v. Baxendale is related to:-

A. Nature of minor's agreement

B. Contingent contracts

C. Damages for breach of contract

D. Impossibility of performance

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98.
An agency under the Contract Act is terminated by

A. Principal revoking his authority

B. The death of either principal or agent

C. Principal being adjudicated an insolvent

D. All of the above

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99.
The provision about performance of reciprocal promises has been provided under the Indian Contract Act, 1872 from

A. Sections 10 to 12

B. Sections 13 to 22

C. Sections 51 to 54

D. Sections 59 to 64

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100.
Which of the following maxims is not related to the law of Contract?

A. Consensus ad idem

B. Assentio mentum

C. Ex nudo pacto non oritur action

D. Actus Non Facit Reum Nisi Mens Sit Rea

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Indian Contract Act MCQ question and answer | Law MCQ question

91. If the parties to a contract agree to substitute a new contract for it, or to rescind or alter it, the original contract

Answer & Solution

92. The bailment of goods as security for payment of a debt or performance of a promise is called

Answer & Solution

93. A person employed to do any act for another or to represent another in dealings with the third person is:

Answer & Solution

94. Which one of the following essentials of contract does not find place in the Indian Contract Act, 1872?

Answer & Solution

95. A power of attorney executed by 'A' in favour of 'B' remains valid and effective notwithstanding death of 'A':

Answer & Solution

96. Which of the following is a valid guarantee

Answer & Solution

97. The case of Hadley v. Baxendale is related to:-

Answer & Solution

98. An agency under the Contract Act is terminated by

Answer & Solution

99. The provision about performance of reciprocal promises has been provided under the Indian Contract Act, 1872 from

Answer & Solution

100. Which of the following maxims is not related to the law of Contract?

Answer & Solution

Read More Section(Indian Contract Act)

91.
If the parties to a contract agree to substitute a new contract for it, or to rescind or alter it, the original contract

92.
The bailment of goods as security for payment of a debt or performance of a promise is called

93.
A person employed to do any act for another or to represent another in dealings with the third person is:

94.
Which one of the following essentials of contract does not find place in the Indian Contract Act, 1872?

95.
A power of attorney executed by 'A' in favour of 'B' remains valid and effective notwithstanding death of 'A':

96.
Which of the following is a valid guarantee

97.
The case of Hadley v. Baxendale is related to:-

98.
An agency under the Contract Act is terminated by

99.
The provision about performance of reciprocal promises has been provided under the Indian Contract Act, 1872 from

100.
Which of the following maxims is not related to the law of Contract?