Indian Contract Act MCQ question and answer | Law MCQ question Page-7 section-8

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61.
Contract Act- A contract of life insurance is a

A. Contingent contract

B. Wagering contract

C. Contract of indemnity

D. Contract of guarantee

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62.
Every promise and every set of promises forming the consideration for each other is

A. An agreement

B. An acceptance

C. An offer

D. A contract

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63.
Consider the following statements:
1. A contract formed by coercion and undue influence is vitiated and voidable at the option of the party whose consent is so obtained.
2. A contract formed, where both the parties are under mistaken notion about the existence of the subject matter, is void.
Which of the statements given above is/are correct?

A. 1 only

B. 2 only

C. Both 1 and 2

D. Neither 1 nor 2

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64.
Satyabrat Ghose v. Mangneeram Bangur (1954 SC) is a case on

A. Minor's contract

B. Consideration

C. Frustration

D. Contingent contract

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65.
Read Assertion (A) and Reason (R) and give the correct answer with the help of given below:
Assertion (A): Acceptance is to offer what a lighted match is to a train of gunpowder.
Reason (R): Acceptance cannot be separated from offer.

A. (A) is true but (R) is false

B. (A) is false but (R) is true

C. Both (A) and (R) are true, and (R) is the correct explanation of (A)

D. Both (A) and (R) are true but (R) is not the correct explanation of (A)

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66.
Novation of a contract under Indian Contract Act, means:

A. Cancellation of contract

B. Alteration of the contract

C. The renewal of original contract

D. Substitution of a new contract in place of original contract

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67.
S, a singer, enters into a contract with W, the owner of a theatre to sing at his theatre on Mondays and Tuesdays every weak. Before S could begin her performance the theatre was completely destroyed in an earthquake. The contract

A. Must be performed

B. Must be performed at any other place of W

C. Is discharged by impossibility of performance

D. Must be performed in future when the hall is renovated

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68.
The surety stands discharged

A. By revocation

B. By death

C. By variance in terms of the contract without his consent

D. In A, B & C above

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69.
The mode of communicating or revoking recession of voidable contract will be according to which Section of the Indian Contract Act, 1872?

A. Section 64

B. Section 65

C. Section 66

D. Section 67

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70.
A' in consideration that 'B' will employ 'C' in collecting the rent of B's Zamindari, promises 'B' to be responsible to the amount of Rs. 5,000 for the due collection and payment by 'C' of those rents. This is:

A. No guarantee

B. Simple guarantee

C. Continuing guarantee

D. None of these

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Indian Contract Act MCQ question and answer | Law MCQ question

61. Contract Act- A contract of life insurance is a

Answer & Solution

62. Every promise and every set of promises forming the consideration for each other is

Answer & Solution

Answer & Solution

64. Satyabrat Ghose v. Mangneeram Bangur (1954 SC) is a case on

Answer & Solution

65. Read Assertion (A) and Reason (R) and give the correct answer with the help of given below: Assertion (A): Acceptance is to offer what a lighted match is to a train of gunpowder. Reason (R): Acceptance cannot be separated from offer.

Answer & Solution

66. Novation of a contract under Indian Contract Act, means:

Answer & Solution

67. S, a singer, enters into a contract with W, the owner of a theatre to sing at his theatre on Mondays and Tuesdays every weak. Before S could begin her performance the theatre was completely destroyed in an earthquake. The contract

Answer & Solution

68. The surety stands discharged

Answer & Solution

69. The mode of communicating or revoking recession of voidable contract will be according to which Section of the Indian Contract Act, 1872?

Answer & Solution

70. A' in consideration that 'B' will employ 'C' in collecting the rent of B's Zamindari, promises 'B' to be responsible to the amount of Rs. 5,000 for the due collection and payment by 'C' of those rents. This is:

Answer & Solution

Read More Section(Indian Contract Act)

61.
Contract Act- A contract of life insurance is a

62.
Every promise and every set of promises forming the consideration for each other is

64.
Satyabrat Ghose v. Mangneeram Bangur (1954 SC) is a case on

65.
Read Assertion (A) and Reason (R) and give the correct answer with the help of given below:
Assertion (A): Acceptance is to offer what a lighted match is to a train of gunpowder.
Reason (R): Acceptance cannot be separated from offer.

66.
Novation of a contract under Indian Contract Act, means:

67.
S, a singer, enters into a contract with W, the owner of a theatre to sing at his theatre on Mondays and Tuesdays every weak. Before S could begin her performance the theatre was completely destroyed in an earthquake. The contract

68.
The surety stands discharged

69.
The mode of communicating or revoking recession of voidable contract will be according to which Section of the Indian Contract Act, 1872?

70.
A' in consideration that 'B' will employ 'C' in collecting the rent of B's Zamindari, promises 'B' to be responsible to the amount of Rs. 5,000 for the due collection and payment by 'C' of those rents. This is: