The Indian Contract Act, 1872 – Quasi Contracts 0 The Indian Contract Act, 1872 - Quasi Contracts 1 / 30 Q.30 The transaction collateral to the main transaction under wagering agreement is : Valid void Illegal Depends upon case to case 2 / 30 Q.29 The transaction for sale and purchase of stocks and shares or for sale delivery of shares are : Non wagers Wagers as there is equal chance of win or loss Wagers as the profit is dependent on future uncertain event. Both (b) and (c) 3 / 30 Q.28 Wagering agreements are: Illegal throughout India Void throughout Indian Illegal in the states of Maharashtra and Gujarat and void in the rest of India Void in the state Maharashtra and Gujarat an illegal in the rest of India 4 / 30 Q.27 A wagering agreement is an agreement between two person under which money or money's worth is payable by one person to another depending on the : Happening of future certain event Non happening of a future certain event Happening or non happening of future uncertain events None of these 5 / 30 Q.26 A quasi contract is imposed upon the parties on the grounds of the principle of ------- dignity quality equity honesty 6 / 30 Q.25 A quasi contract is not a ----------- contract. real valid real and valid voidable 7 / 30 Q.24 A, who supplies to B, a lunatic, with necessaries suitable to their condition in life, is entitled to be reimbursed from : B' s property B personally B's wife and children the court 8 / 30 Q.23 The finder of the goods can sell the goods if the lawful changes of the finder, in respect of thing found, exceed ------------ of their value. one-third two-third one-fourth two-fourth 9 / 30 Q.22 Quasi contract under English law is also called as : Unilateral law Bilateral law Law of restitution Constructive contract 10 / 30 Q.21 The right under quasi contract is available against: Specific person (s) only The whole world Specific person and the whole world None of these 11 / 30 Q.20 The obligation under quasi contract is: Imposed by law Created by the consent of the parties to the agreement same as that of expressed contract Both (b) and (c) 12 / 30 Q.19 No one should be allowed to enrich himself at the cost of the other" is the fundamental rule of------- contingent contract lawful contract quasi contract implied contract 13 / 30 Q.18 In case of payment of amount under mistake, the period of imitation starts from : Date of payment under mistake Date the mistake is committed or it could have been discovered (a) or (b) whichever is earlier (a) or (b) whichever is later 14 / 30 Q.17 If sales tax had been deposited with respect to an item on which was there no levy the depositor / assessee is : Not entitled to refund from the Govt. Entitled to refund from the Govt Entitled to change the same from customers Entitled to refund from the court. 15 / 30 Q.16 Under section ------- of the Indian contract act, some person have the duty similar to that of a bailee. Section 69 Section 70 Section 71 Section 72 16 / 30 Q.15 To claim reimbursement of money paid on behalf of another person, which of the following is not required? There should be some legal or other coercive process compelling the payment Original liability should be of other person. Payment must be made to a third party to whom the another party was liable The payment must be voluntary 17 / 30 Q.14 A person,who is interested is the payment of money, which another is bound by law to pay, is entitled to be reimbursed by the other. this principle is enshrined in ------- of the Indian contract act, 1872. Section 68 Section 69 Section 70 Section 71 18 / 30 Q.13 Claim for necessaries of life supplied to a lunatic u/s 68 of Indian contract Act, can enforced against: The lunatic personality when he cases to be lunatic The relative of the lunatic The guardian of the lunatic The lunatics property or estate. 19 / 30 Q.12 Quasi contracts are called contracts in facts and not the contract in law True Partly true False None of above 20 / 30 Q.11 A finder of goods has the responsibility as that of a: Baliee Real owner Next best owner Bailor 21 / 30 Q.10 Quasi contract can be created by : Words in writing only Words spoken only Both (A) and (B) Law 22 / 30 Q.9 Quasi contracts arise" where obligation are created without a contract where obligation are created under a contract Out of nature causes Out of man-made causes 23 / 30 Q.8 A wagering agreement Is a game of chance is valid agreement is an illegal agreement Both (a) and (c) 24 / 30 Q.7 Quasi contract Obligation created by law Both parties due to perform their obligation Terms are stated in writing Enforceable by law at the will of one party 25 / 30 Q.6 X agrees to pay Rs.5000 to Y if it rains ,& Y promises to pay a like amount to A if it does not rain ,this agreement is called a: Quasi contract Contingent contract Wagering agreemen Vaidable contract 26 / 30 Q.5 The special damages ,i.e. the damages which arise due to so special or unusual circumstances Are not recoverable altogether Are illegal being punitive in nature Cannot be claimed as a matter of right Can be claimed as a matter of right 27 / 30 Q.4 Sometimes ,a person finds certain goods belonging to some other persons .In such a case ,the finder: Becomes the owner of the goods & can use them Is under a duty to trace the true owner & return the goods Can sell the perishable goods if true owner cannot be found Both (b) & (c) 28 / 30 Q.3 The basis of quasi contractual relations is the: Existence of a valid contract between the parties Prevention of unjust enrichment at the expense of others Provision contained in Section 10 of the Contract Act Existence of a voidable contract between the parties 29 / 30 Q.2 A left certain goods at B house by mistake & B used the goods as his own .Here A can recover the price of goods from B TRUE ,on the basis of quasi-contract NO ,there is no valid contract between them FALSE The court may set aside the arrangement 30 / 30 Q.1 Quasi contractual obligations are also termed as Real contract law of restitution Either (a) or (b) Neither (a) nor (b) Your score is LinkedIn Facebook Twitter VKontakte
