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

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7 Section 8 Section 9 Section 10 Section 11 Section 12 Section 13 Section 14 Section 15

51.
X purchases a deep-freezer. As an 'offer', a free iron box was given as a gift along with the purchase. The iron box did not work properly and burnt X is expensive coat. Can X claim damages and ask for replacement of the iron box?

A. Yes, he can ask for replacement of the box but cannot ask for damages

B. No, he can not ask anything as the iron box was given to him free. Hence, there is no consideration

C. Yes, he can ask for both damages and replacement

D. None of the above

Answer & Solution Discuss in Board Save for Later

52.
A minor enters into agreement representing himself to be major
Consider the following statements:
1. Minor commits fraud if the other party does not have personal knowledge of his age
2. Such agreement is enforceable
3. The doctrine of estoppel does not apply in minor's case
4. Other party is entitled to get back the benefit passed to minor, if innocent about his age
Which of the statements given above are correct?

A. 1, 3 and 4

B. 2 and 3

C. 1, 2 and 4

D. 2 and 4

Answer & Solution Discuss in Board Save for Later

53.
The damages under section 73 of Indian Contract Act are

A. Liquidated

B. Compensatory

C. Penal

D. None of the above

Answer & Solution Discuss in Board Save for Later

54.
A and B orally settle a dispute with the help of C. This oral settlement is:

A. An award under the Arbitration and Conciliation Act, 1996

B. An agreement under the Contract Act

C. Not an agreement under the Contract Act, as it is not in writing

D. A conciliation agreement within the meaning of Arbitration and Conciliation Act, 1996

Answer & Solution Discuss in Board Save for Later

55.
Consider the following statements:
1. The minor is estopped from setting the defence of minority when by misrepresenting his age minor himself has induced the other party to enter into agreement with him.
2. Section 11 of the Indian Contract Act, 1872 declares that only minors and persons of unsound are incompetent to make contract.

A. Only 1 is correct

B. Only 2 is correct

C. Both 1 and 2 are correct

D. Both 1 and 2 are incorrect

Answer & Solution Discuss in Board Save for Later

56.
Principal is a

A. Person employed to do any act for another or to represent in dealings with third person

B. Person for whom the act is done or who is so represented in dealings with third persons

C. Person from whom, the person employed to do any act, has to get the work done

D. All the above

Answer & Solution Discuss in Board Save for Later

57.
A contract performance of which becomes impossible or unlawful becomes

A. Void when the performance becomes unlawful or impossible

B. Void

C. Voidable when the performance becomes impossible

D. Neither void nor voidable

Answer & Solution Discuss in Board Save for Later

58.
In estimating the damage

A. The means available with the party claiming damages, to minimise the damages shall be considered

B. Such means shall not be considered

C. The party is not under any obligation to take steps within its reach to minimise the loss

D. Both B and C

Answer & Solution Discuss in Board Save for Later

59.
Surety stands discharged

A. By an agreement between the creditor and the principal debtor

B. By an agreement between the creditor & a third party for not to sue the principal debtor

C. Both A and B above

D. Neither A nor B

Answer & Solution Discuss in Board Save for Later

60.
Section 74 of the Indian Contract Act, 1872 applies-

A. To the cases where an amount received under the contract is sought to be forfeited

B. To cases where the aggrieved party is seeking to recover a fixed amount on breach of contract

C. To cases where in consequence of breach no legal injury at all has resulted

D. Both in A and B

Answer & Solution Discuss in Board Save for Later

1 2 3 4 5 6 7 8 9 10

Indian Contract Act MCQ question and answer | Law MCQ question

51. X purchases a deep-freezer. As an 'offer', a free iron box was given as a gift along with the purchase. The iron box did not work properly and burnt X is expensive coat. Can X claim damages and ask for replacement of the iron box?

Answer & Solution

Answer & Solution

53. The damages under section 73 of Indian Contract Act are

Answer & Solution

54. A and B orally settle a dispute with the help of C. This oral settlement is:

Answer & Solution

Answer & Solution

56. Principal is a

Answer & Solution

57. A contract performance of which becomes impossible or unlawful becomes

Answer & Solution

58. In estimating the damage

Answer & Solution

59. Surety stands discharged

Answer & Solution

60. Section 74 of the Indian Contract Act, 1872 applies-

Answer & Solution

Read More Section(Indian Contract Act)

51.
X purchases a deep-freezer. As an 'offer', a free iron box was given as a gift along with the purchase. The iron box did not work properly and burnt X is expensive coat. Can X claim damages and ask for replacement of the iron box?

53.
The damages under section 73 of Indian Contract Act are

54.
A and B orally settle a dispute with the help of C. This oral settlement is:

56.
Principal is a

57.
A contract performance of which becomes impossible or unlawful becomes

58.
In estimating the damage

59.
Surety stands discharged

60.
Section 74 of the Indian Contract Act, 1872 applies-