The Indian Contract Act, 1872 – Capacity to Contract 0 The Indian Contract Act, 1872 - Capacity to Contract 1 / 31 Q.30 Every person is competent to contract if he who is of the age of majority according to the law to which he is subject who is of sound mind who is not disqualified from contracting by any law to which he is subject All of these 2 / 31 Q.29 An agreement is not a contract if it is entered into by a minor a person of unsound mind a foreign enemy All of these 3 / 31 Q.28 A person can be appointed as guardian of minor's property under. Indian contract act 1872 guardians and words act 1890 people representation act Indian law of evidence 4 / 31 Q.27 a patient in a lunatic asylum who is at sound mind cannot contract may contract during those intervals contract None of these 5 / 31 Q.26 A person who is usually of sound mind, but occasionally of unsound mind.Then, he may enter into a contract when he is of sound mind he may not make a contract even when is of sound mind. he cannot enter ito contract at all can enter into a contract at all times but can plead innocence 6 / 31 Q.25 A contract with an idiot is voidable enforceable invalid void-ab-initio 7 / 31 Q.24 A person is said to be of sound mind, if at the time of contracting . he is able to understand the terms of the contract. he is capaable of forming a rational judgement of the effect of such a contract. Either (a) or (b) Both (a) & (b) 8 / 31 Q.23 Competenence of a party to enter the contract Consent Void Capacity Consideration 9 / 31 Q.22 A ,aged 17 years ,falsely representing himself to be of 22 years , enters into an agreement to sell his property to P & receives from P a sum Rs.10,00,000 in advance .Out of this sum A buys an important car worth Rs.5,50,000 & spends the rest on a pleasure trip to France. After A attained majority ,P sues him for the conveyance of the property or in the alternative for the refund of Rs.10,00,000 & damages .The agreement between A & P is Void ab initio as it is a contract with a minor Voidable at the option of P Would be valid if A ratifies the agreement on attainting the age of majority Valid as A has sold his property for personal use 10 / 31 Q.21 Who can never ever enter into a contract Minor Idiots Lunatics Drunker persons 11 / 31 Q.20 Which of the following is true with respect to minor entering a contract ? 1. An agreement with or by a minor is void-ab-initio , 2.A minor can be a beneficiary of a contract , 3. The contract involving a minor as a beneficiary may be enforced at the option of the third party , 4. A minor can ratify a contract on attaining majority. 1 & 2 2 & 3 3 & 4 1 & 4 12 / 31 Q.19 Who among the following is not disqualified by the law to enter into contract. 1.A major person , 2. A lunatic. 3.An Insolvent person , 4.Diplomatic staff of Foreign states. 1 & 2 1 & 3 1 & 2 & 4 4 13 / 31 Q.18 A minor's estate liable for the_____supplied to him Luxuries Necessities Necessaries All of things 14 / 31 Q.17 Can a person who is usually of unsound mind ,but occasionally of sound mind ,make a contract ? Yes ,he can always make a contract Yes ,but only when he is of sound mind No ,he can make a contract Can't be determined 15 / 31 Q.16 Which of the following persons do not fall under the category of the persons of unsound mind ? Idiot Lunatics Drunken person Alien enemy 16 / 31 Q.15 A contract with the minor ,which is beneficial for him ,is Void ab initio Voidable Valid Illegal 17 / 31 Q.14 For the purpose of entering into a contract ,a minor is a person who has not completed the age of 16 years 18 years 20 years 21 years 18 / 31 Q.13 Which of the following is true ? A contract with a minor is voidable at the option of the minor An agreement with a minor can be ratified after he attains majority A person who is usually of an unsound mind cannot enter into contract even when he is of a sound mind A person who is usually of an sound mind cannot enter into contract even when he is of a unsound mind 19 / 31 Q.12 Which of the following is not true about minor's position in a firm ? He cannot become a partner in an existing firm He can become a partner in an existing firm He can be admitted only to the benefit of any existing firm He can become a partner on becoming a major 20 / 31 Q.11 A minor's liability for 'necessaries' supplied to him Arises after he attains majority age Is against only minor's property Does not rise at all Arises if minor gives a promise for it 21 / 31 Q.10 Ordinary ,a minor 's agreement is Valid Void ab initio Voidable Unlawful 22 / 31 Q.9 A contract with the minor is valid total void voidable illegal 23 / 31 Q.8 A person is deemed to be in a position to dominate the will of another if he holds a real or apparent authority over the other he stands in a fiduciary relation to other he makes a contract with a person whose mental capacity is temporary or permanently affected by reasons of age ,illness or mental or bodily distress All of these 24 / 31 Q.7 A supplies B ,a lunatic with necessaries suitable to his condition in life A is not entitled to be reimbursed from B's property entitled to be reimbursed from B's property personally liable jointly & severally liable 25 / 31 Q.6 Claim for necessaries supplied to a person incompetent to contract ,from the property of such person is enshrined in_________of the Indian Contract Act, 1872 section 68 section 69 section 70 section 71 26 / 31 Q.5 In case of necessaries supplied to a person incompetent to contract which of the following is true ? Only the property of the incapable person shall be liable The incapable person cannot be held liable personally Where the incapable person does not own any property ,nothing shall be payable All of these 27 / 31 Q.4 Minor entering into contracts of apprenticeship ,or for training or instruction in a special art ,education ,etc are permissible since all contracts by a minor are valid such contract generates benefits to the minor such contracts are outside the purview of the Indian Contract Act All of these 28 / 31 Q.3 An agreement with a minor can be ratified after he attains majority TRUE Partly True FALSE None of these 29 / 31 Q.2 Generally the stranger to a contract cannot sue TRUE Partly True FALSE None of these 30 / 31 Q.1 which of the following persons are not competent to contract ? Minors Persons of unsound mind Persons disqualified by law All of these 31 / 31 Q.1 which of the following persons are not competent to contract ? Minors Persons of unsound mind Persons disqualified by law All of these Your score is LinkedIn Facebook Twitter VKontakte
