Indian Contract Act MCQ question and answer | Law MCQ question

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31.
Which of the following statements is correct?

A. Contract with minor is valid

B. Rule of estoppel apply to minor

C. Contract with minor can be ratified on attaining majority

D. A minor can be agent

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32.
What kind of damages can be granted under the Indian Contract Act, 1872:

A. Exemplary damages

B. Compensatory damages

C. Statutory damages

D. Nominal damages

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33.
A promisor can perform

A. The promise himself

B. The promise through his representative competent to perform

C. The promise through his representative irrespective of the competency of that representative

D. Both A and B

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34.
Bank Guarantee is an independent contract between:

A. Creditor and Debtor

B. Buyer and Seller

C. Bank and Beneficiary

D. None of the above

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35.
A', intending to deceive 'B' falsely represents that five hundred tonnes of indigo are made annually at A's factory, and thereby induces 'B' to buy the factory. The contract is:-

A. Void

B. Voidable at B's option

C. Voidable at A's option

D. Unlawful

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36.
A person who finds good belonging to another, and takes them into his custody, is subject to the same responsibility as a/an:

A. Mortgage

B. Bailee

C. Bailor

D. Owner

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37.
Almost all insurances other than insurances are contracts of indemnity

A. Life & personal accident

B. Marine & general

C. Fire & life

D. None of the above

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38.
Who can demand performance of the promise:

A. Promisee

B. Promisor

C. Stranger

D. All of these

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39.
Which of the following agreement(s) is/are void? 1. Agreement without consideration.
2. Agreement in restraint of legal proceedings.
3. Agreement affected by fraud.
Select the correct answer using the given below:

A. 3 only

B. 2 only

C. 1, 2 and 3

D. 1 and 2

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40.
X enters into a contract with Y, for which Y is guilty of fraud. X can:

A. Set aside the contract but cannot recover damages

B. Only recover damages

C. Set aside the contract and can recover damages also

D. None of the above

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Indian Contract Act MCQ question and answer | Law MCQ question

31. Which of the following statements is correct?

Answer & Solution

32. What kind of damages can be granted under the Indian Contract Act, 1872:

Answer & Solution

33. A promisor can perform

Answer & Solution

34. Bank Guarantee is an independent contract between:

Answer & Solution

35. A', intending to deceive 'B' falsely represents that five hundred tonnes of indigo are made annually at A's factory, and thereby induces 'B' to buy the factory. The contract is:-

Answer & Solution

36. A person who finds good belonging to another, and takes them into his custody, is subject to the same responsibility as a/an:

Answer & Solution

37. Almost all insurances other than insurances are contracts of indemnity

Answer & Solution

38. Who can demand performance of the promise:

Answer & Solution

39. Which of the following agreement(s) is/are void? 1. Agreement without consideration. 2. Agreement in restraint of legal proceedings. 3. Agreement affected by fraud. Select the correct answer using the given below:

Answer & Solution

40. X enters into a contract with Y, for which Y is guilty of fraud. X can:

Answer & Solution

Read More Section(Indian Contract Act)

31.
Which of the following statements is correct?

32.
What kind of damages can be granted under the Indian Contract Act, 1872:

33.
A promisor can perform

34.
Bank Guarantee is an independent contract between:

35.
A', intending to deceive 'B' falsely represents that five hundred tonnes of indigo are made annually at A's factory, and thereby induces 'B' to buy the factory. The contract is:-

36.
A person who finds good belonging to another, and takes them into his custody, is subject to the same responsibility as a/an:

37.
Almost all insurances other than insurances are contracts of indemnity

38.
Who can demand performance of the promise:

39.
Which of the following agreement(s) is/are void? 1. Agreement without consideration.
2. Agreement in restraint of legal proceedings.
3. Agreement affected by fraud.
Select the correct answer using the given below:

40.
X enters into a contract with Y, for which Y is guilty of fraud. X can: