The Indian Contract Act, 1872 – Nature and type of contracts 1 The Indian Contract Act, 1872 - Nature and type of contracts 1 / 30 Q.30 As per section 2(e) of the Indian contract act 'every promise & every set of promise forming the consideration for each other is a/an Contract Agreement Offer Acceptance 2 / 30 Q.29 All illegal agreement are void; but all void agreement are not illegal TRUE Partly True FALSE None of these 3 / 30 Q.28 A contract which is valid initially however ,ceases to be enforceable subsequently becomes void when it ceases to be enforceable remains called becomes voidable when it ceases to enforceable becomes void since inception 4 / 30 Q.27 Contractual rights & duties are created by state statue Parties custom or usage 5 / 30 Q.26 Which of these are opposed to public policy restraint of marriage restraint of personal liberty interference with course of justice All of these 6 / 30 Q.25 Where in alternative promise ,one part is illegal, only the legal part can be enforced TRUE Partly True FALSE None of these 7 / 30 Q.24 Illegal agreement are Not enforceable by law Forbidden by law Either (a) or (b) Both (a) & (b) 8 / 30 Q.23 G books a ticket with airlines from Delhi to Chennai on 16th June, date of travel being 16th July Indian Airlines has to perform its part of contract on 16th July. this is an example of Valid contract void contract Unilateral Contract bilateral contract 9 / 30 Q.22 A contract to marry a person shall be performed by promiser himself representative of the promiser competent to perform a third party Any of these 10 / 30 Q.21 A contract is a promise to do something or obtain from doing something a communication of intention to do something or obtain from doing something a set of promise an agreement enforceable by law 11 / 30 Q.20 Section 27 of the Indian contract act declares an agreement in restraint of trade as Valid void voidable unenforceable 12 / 30 Q.19 A agrees to pay Rs.50 lakh to B if he brings on the earth a star from the sky. This agreement is Valid Void Voidable Illegal 13 / 30 Q.18 An agreement by a newspaper proprietor not to comment on the conduct of a particular person is enforceable Valid void Voidable 14 / 30 Q.17 When two or more persons have made a joint promise ,then, unless a country intention appears from the contract all such persons must fulfill the promise jointly severally Either (a) or (b) Both (a) & (b) 15 / 30 Q.16 In case of pardanashin women ,the burden of proof lies with the person who enter into a contract with her paradanshin women herself the beneficiary of the contract the judge 16 / 30 Q.15 Sec.68 to 72 of the Indian Contract Act deal with Performance Discharge Certain relations resembling those created by contract Breach of contract 17 / 30 Q.14 Where there is a difficulty in interpretation ,it cannot be considered as vagueness for making an agreement void u/s 29 TRUE Partly True FALSE None of these 18 / 30 Q.13 A & B contract to marry each other ,before the time fixed for the marriage, A goes mad. The contract becomes Valid void Voidable illegal 19 / 30 Q.12 A promise to indemnify a firm of printers & publishers of a paper against consequences of publishing a libel cannot be enforced .the firm has to pay damages for liable can be enforced the firm has to pay damages for liable can be set aside can be considered voidable at the option of the indemnifier 20 / 30 Q.11 A stranger to contract can sue cannot sue is a beneficiary of the contract None of these 21 / 30 Q.10 A ,B & C jointly promised to pay Rs.30,000 to D .For recovery of this amount ,D filed a suit against A only .Is he justified ? Yes NO partly Yes None of these 22 / 30 Q.9 Where a contract has to be inferred from the conduct of parties ,it is called Express contract Implied contract Tacit contract Unlawful contract 23 / 30 Q.8 L says to J,'I shall sell my house, will you buy?" J says "Yes, I shall buy" The agreement is void due to Uncertainty of meaning Uncertainty of price Uncertainty of existence of subject matter Uncertainty of quality of subject matter 24 / 30 Q.7 In case of special condition or terms in a contract ,the offeree is not bound or deemed to have accepted if such conditions are communicated to him are not communicated to him are legal & enforceable are restrictive in the nature 25 / 30 Q.6 All agreement in restraint of trade are void & there are no exceptions to this rule TRUE Partly True FALSE None of these 26 / 30 Q.5 A agrees with B to discover treasure by magic .The agreement is Valid Void Voidable Illegal 27 / 30 Q.4 A & B, being traders enter upon a contract's has private information of a change in prices which would affect B's willingness to proceed with the contract .Is A bound to inform,B ? Yes NO Partly Yes None of these 28 / 30 Q.3 Express agreement Seller excluding his liability Stipulation essential to main purpose of the contract Parties not held liable for breach of contract Stipulation subsidiary to main purpose of contract 29 / 30 Q.2 The Law of contract is nothing but - A child of commercial dealing A child religion A child of day to day politics A child of economics. 30 / 30 Q.1 Statement of lowest price at which the vendor would sell his good constitutes: A valid contract A implied contract An express contract No contract Your score is LinkedIn Facebook Twitter VKontakte
