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

71.
A party who does not suffer any loss in case of contract is entitled to:-

A. Statutory damages

B. Liquidated damages

C. Exemplary damages

D. Nominal damages

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72.
The rule about exclusion of oral evidence contained under Section 92 will apply in those cases where contract/grants or other disposition is

A. In writing whether or not required by law to be in writing

B. Only those written documents which law requires to be in writing

C. Against all forms of contract/grant or disposition whether in writing or not

D. None of the above

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73.
Read Assertion (A) and Reason (R) and answer by using given below:
Assertion (A): An agreement would be void if both the parties to the agreement were under a mistake as to a matter of fact not essential to the agreement.
Reason (R): Because Section 20 of the Indian Contract Act so provides.

A. (R) is correct, but (A) is incorrect

B. (A) is correct, but (R) is incorrect

C. Both (A) and (R) are correct

D. Both (A) and (R) are incorrect

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74.
Which one of the following statements is correct?
An agreement to which the consent of the promisee is freely given, is not void merely because the

A. Consideration is not there

B. Consideration is not adequate

C. Consideration is past

D. Consideration is not spelt out clearly

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75.
According to Section 11 of the Contract Act, a person is incompetent to contract who is a:-

A. Minor

B. Person of unsound mind

C. Person disqualified from contracting by any law

D. All of the above

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76.
Inadequacy of consideration is relevant in determining the question of:

A. Fraud

B. Misrepresentation

C. Undue influence

D. Free consent

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77.
In which of the following instances has the discharge of agreement not been effected?

A. A promises to paint a picture for B. B afterwards forbid him to do so

B. A owes B Rs. 5,000. C pays to B Rs. 1,000, which B accepts in satisfaction of his claim against A

C. A awaits arrival of B to finish the painting for B

D. A owes B Rs. 2,000 and is also indebted to other creditors. A makes an arrangement with his creditors, including B, to pay them, half of the loan amount. A pays to B Rs. 1,000

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78.
Match List I containing cases with List II containing respective areas of contract and select the correct answers using the given below:

List I List II

a. Balfour v. Balfour 1. Frustration of contract

b. Felthouse v. Bindley 2. Invitation to receive offer

c. Krell v. Henry 3. Intention to contract

d. Harvey v. Facey 4. Communication of acceptance to offeror

A. a-3, b-1, c-4, d-2

B. a-3, b-4, c-1, d-2

C. a-3, b-2, c-1, d-4

D. a-4, b-2, c-3, d-1

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79.
Any guarantee which the creditor has obtained by means of keeping silence as to material circumstances is:

A. Valid

B. Considered to be his approval

C. Invalid

D. Considered to be his denial

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80.
X transfers possession or custody of the farmland to his son, S. S shall pay rent or a lease fee in return. S only receives custody and control of the property, but X still owns it. X is thus responsible for paying the property taxes and is liable for what happens on the land. This kind of contract or arrangement is called:

A. Guarantee

B. Bailment

C. Pledge

D. Set off

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1 2 3 4 5 6 7 8 9 10

List I	List II
a. Balfour v. Balfour	1. Frustration of contract
b. Felthouse v. Bindley	2. Invitation to receive offer
c. Krell v. Henry	3. Intention to contract
d. Harvey v. Facey	4. Communication of acceptance to offeror

Indian Contract Act MCQ question and answer | Law MCQ question

71. A party who does not suffer any loss in case of contract is entitled to:-

Answer & Solution

72. The rule about exclusion of oral evidence contained under Section 92 will apply in those cases where contract/grants or other disposition is

Answer & Solution

73. Read Assertion (A) and Reason (R) and answer by using given below: Assertion (A): An agreement would be void if both the parties to the agreement were under a mistake as to a matter of fact not essential to the agreement. Reason (R): Because Section 20 of the Indian Contract Act so provides.

Answer & Solution

74. Which one of the following statements is correct? An agreement to which the consent of the promisee is freely given, is not void merely because the

Answer & Solution

75. According to Section 11 of the Contract Act, a person is incompetent to contract who is a:-

Answer & Solution

76. Inadequacy of consideration is relevant in determining the question of:

Answer & Solution

77. In which of the following instances has the discharge of agreement not been effected?

Answer & Solution

Answer & Solution

79. Any guarantee which the creditor has obtained by means of keeping silence as to material circumstances is:

Answer & Solution

Answer & Solution

Read More Section(Indian Contract Act)

71.
A party who does not suffer any loss in case of contract is entitled to:-

72.
The rule about exclusion of oral evidence contained under Section 92 will apply in those cases where contract/grants or other disposition is

73.
Read Assertion (A) and Reason (R) and answer by using given below:
Assertion (A): An agreement would be void if both the parties to the agreement were under a mistake as to a matter of fact not essential to the agreement.
Reason (R): Because Section 20 of the Indian Contract Act so provides.

74.
Which one of the following statements is correct?
An agreement to which the consent of the promisee is freely given, is not void merely because the

75.
According to Section 11 of the Contract Act, a person is incompetent to contract who is a:-

76.
Inadequacy of consideration is relevant in determining the question of:

77.
In which of the following instances has the discharge of agreement not been effected?

79.
Any guarantee which the creditor has obtained by means of keeping silence as to material circumstances is: