The Indian Contract Act, 1872 – Legality of Object and Consideration 0 The Indian Contract Act, 1872 - Legality of Object and Consideration 1 / 29 Q.30 Which of the following are covered under the heads Agreement Opposed to Public Policy ? 1.Trading with alien enemy , 2. Restraint of parental rights 3. Marriage brokerage contracts ,4. Contracts to do impossible acts 1,2 &3 2,3 & 4 1,2 & 4 1,2,3,& 4 2 / 29 Q.29 A person enter into an agreement whereby he is bound to do something which is against his public or professional duty is ---------- Void on the ground of public policy Void if the consideration is illegal Valid if consideration received is illegal None of these 3 / 29 Q.28 When after the formation of a valid contract, an event happens which makes the performance of contract impossible ,then the contract becomes Valid Void Voidable illegal 4 / 29 Q.27 A contingent contract dependent on the non-happening of the specified uncertain event within the fixed time can be enforced if the event Does not happen within fixed time Become impossible before the expiry of fixed time Happens within the fixed time Both (a) & (b) 5 / 29 Q.26 A contingent contract dependent on the non- happening of the future uncertain event becomes void when such an event Happens Does not happen either (a) and (b) Both (a) & (b) 6 / 29 Q.25 Where an agreement consists of 2 parts once legal & the other illegal , & the legal part is seperatable from the illegal one , such legal part is Valid Void Voidable Illegal 7 / 29 Q.24 An agreement to do an illegal act e.g. to share the earnings of a smuggling business , is Valid Void Voidable Contingent 8 / 29 Q.23 An agreement to pay money or money's worth on the happening or non-happening of a specified uncertain event is defind as Wagering agreement contingent contract voidable contract none of the above 9 / 29 Q.22 An agreement is restraint of legal proceedings is void. it does not cover an agreement which Restricts absolutely the parties from enforcing their legal rights Cuts short the period Discharge a party from liability or extinguishes the right of a party Provides for a reference to arbitration instead of court of law 10 / 29 Q.21 An agreement which prevents a person from carrying a lawful business is Valid Void Voidable Contingent 11 / 29 Q.20 An agreement in restraint of marriage of any person other than a minor is Valid Voidable Void Contingent 12 / 29 Q.19 In which of the following agreement, Restraint of Trade is void ? Agreement with buyer of goodwill Trade Combination, to the extent they do not create monopoly or opposed to public policy. Agreement under the partnership Act.1932 All of the above 13 / 29 Q.18 Contract contingent upon happening of an Uncertain future Event cannot be enforce by law. At law Unless and until such as event has happened Unless and until such as event has not happened At the option of the promisor 14 / 29 Q.17 A contingent contract depends on the happening of the future uncertain event can be enforced when the event Happens Becomes impossible Does not happen Either of these 15 / 29 Q.16 A contingent contract is Void Voidable Valid Illegal 16 / 29 Q.15 A contract dependent on the happening or non-happening of the future uncertain event is a/an Uncertain contract Contingent contract Void Contract Voidable Contract 17 / 29 Q.14 an agreement the object or consideration of which is unlawful is called------------ Valid Voidable Voidable at the optionof aggrieved party illegal 18 / 29 Q.13 Every illegal agreement is unlawful, and every unlawful agreement ------- is also illegal is not illegal May be illegal Might be illegal 19 / 29 Q.12 In a contingent contract neither party should have interest in the happening of the event other than his honour or prestige the sum or stake he stands to win or lose Either (a) or (b) Both (a) & (b) 20 / 29 Q.11 A agreement for the creation of monopolies ----------- is allowed in the interest of the economy is opposed to public policy and hence void is not detrimental to any nation is impossible because of the perfect competition in today's scenario. 21 / 29 Q.10 An agreement made with an alien enemy is Unlawful on the ground of the public policy unlawful because it becomes difficult to be performed Valid Voidable 22 / 29 Q.9 K owes a residential flat in chennai.He is entitled to quite possession & enjoyment of his property .this is called rights in persona rights in rem constitutional right there is no right at all 23 / 29 Q.8 A Contingent contract to do or not to do anything on the happening of an uncertain future event Is never enforceable. Is enforceable since the time of the making the contract. Becomes enforceable in the immediate possibility of happening of the event. Becomes enforceable only on the happening of that event. 24 / 29 Q.7 Contracts contingent upon the non-happening of an uncertain future event within a fixed time ,can be enforced by law when time fixed has expired & such event has not happened before expiry of the time fixed ,it becomes certain that such event will not happen Either (a) or (b) neither (a) nor (b) 25 / 29 Q.6 In case of an illegal agreement ,collateral transaction also become trained with illegality & will be treated as illegal even though they would have been lawful by themselves TRUE Partly True FALSE None of these 26 / 29 Q.4 X, an optical surgeon, employs Y as the assistant for a team of one year s and Y agree not do practice as a surgeon during this period. This contract is Valid Void Voidable None of these 27 / 29 Q.3 X contracts to sell a stock of hay to Y ,to weigh & deliver it at Rs.100 per tonne ,A part of it was weighed & taken away the reminder .on whom will the loss as regards the remainder fall ? X Y both both in ratio 4:1 28 / 29 Q.2 collateral transactions to a lottery are also trained with illegality are valid are not affected are enforceable for amount below Rs.500 29 / 29 Q.1 To claim reimbursement of money paid on behalf of another persons the payment should be made bonafide i.e.for protection of own interest of the payer TRUE Partly True FALSE None of these Your score is LinkedIn Facebook Twitter VKontakte