Indian Contract Act MCQ question and answer | Law MCQ question Page-2 section-8

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

11.
Under Section 74 of the Indian Contract Act, 1872 the Court cannot award damages

A. More than the amount stated in the contract

B. Less than the amount stated in the contract

C. Equal to the amount stated in the contract

D. None of the above

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12.
A contract implied by law is known as:-

A. Contingent contract

B. Quasi-contract

C. Expressed contract

D. Implied contract

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13.
A sum fixed before hand as amount of compensation payable in the event of breach of contract is called

A. Liquidated damage

B. Penalty

C. Either A or B

D. Neither A nor B

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14.
Consider the following statements:
1. An agreement made without adequate consideration is void.
2. A written and registered agreement made on account of a natural love and affection between the close relatives is not valid without adequate consideration.
Choose the correct option from below:

A. Only 1 is correct

B. Only 2 is correct

C. Both 1 and 2 are correct

D. Both 1 and 2 are incorrect

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15.
Who can become an agent

A. A major of sound mind

B. A major of unsound mind

C. A minor of sound mind

D. A minor of unsound mind

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16.
In which of the recent cases has Supreme Court held that 'there can only be an assignment of rights arising under a contract, but not the burden of a contract'?

A. Sasan Power Ltd. v. North American Coal Corp India Private Limited (2016)

B. United India Insurance Co. Ltd. v. Orient Treasures (P) Ltd. (2016)

C. DDA v. Kenneth Builders & Developers (2016)

D. Gangotri Enterprises v. Union of India (2016)

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17.
Hadley v. Baxendale is a leading case on

A. Anticipatory breach

B. Remoteness of damages

C. Breach of implied terms

D. All of these

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18.
A fraud has been discovered by a party in a contract and lodged a criminal case, afterwards that the parties agreed to withdraw the case as only compensate the disadvantageous party such contract is

A. Void as against public policy

B. Illegal

C. Voidable

D. Valid

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19.
A guarantee which the creditor has obtained by means of keeping silence as to a material circumstance is-

A. Valid

B. Invalid

C. Voidable

D. None of these

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20.
Which one of the following is the correct sequence in a claim for damages for breach of contract?

A. Contract, breach, damages

B. Offer, no acceptance, damages

C. Acceptance, no consideration, damages

D. Contract, offer, damages

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Indian Contract Act MCQ question and answer | Law MCQ question

11. Under Section 74 of the Indian Contract Act, 1872 the Court cannot award damages

Answer & Solution

12. A contract implied by law is known as:-

Answer & Solution

13. A sum fixed before hand as amount of compensation payable in the event of breach of contract is called

Answer & Solution

14. Consider the following statements: 1. An agreement made without adequate consideration is void. 2. A written and registered agreement made on account of a natural love and affection between the close relatives is not valid without adequate consideration. Choose the correct option from below:

Answer & Solution

15. Who can become an agent

Answer & Solution

16. In which of the recent cases has Supreme Court held that 'there can only be an assignment of rights arising under a contract, but not the burden of a contract'?

Answer & Solution

17. Hadley v. Baxendale is a leading case on

Answer & Solution

18. A fraud has been discovered by a party in a contract and lodged a criminal case, afterwards that the parties agreed to withdraw the case as only compensate the disadvantageous party such contract is

Answer & Solution

19. A guarantee which the creditor has obtained by means of keeping silence as to a material circumstance is-

Answer & Solution

20. Which one of the following is the correct sequence in a claim for damages for breach of contract?

Answer & Solution

Read More Section(Indian Contract Act)

11.
Under Section 74 of the Indian Contract Act, 1872 the Court cannot award damages

12.
A contract implied by law is known as:-

13.
A sum fixed before hand as amount of compensation payable in the event of breach of contract is called

14.
Consider the following statements:
1. An agreement made without adequate consideration is void.
2. A written and registered agreement made on account of a natural love and affection between the close relatives is not valid without adequate consideration.
Choose the correct option from below:

15.
Who can become an agent

16.
In which of the recent cases has Supreme Court held that 'there can only be an assignment of rights arising under a contract, but not the burden of a contract'?

17.
Hadley v. Baxendale is a leading case on

18.
A fraud has been discovered by a party in a contract and lodged a criminal case, afterwards that the parties agreed to withdraw the case as only compensate the disadvantageous party such contract is

19.
A guarantee which the creditor has obtained by means of keeping silence as to a material circumstance is-

20.
Which one of the following is the correct sequence in a claim for damages for breach of contract?