Description : Which of the following legal statement is incorrect? (a) An agreement enforceable by law is a contract [Section 2] (b) All agreements are contracts [Section 10] (c) A proposal when accepted becomes ... and every set of promise forming the consideration for each other is an agreement [Section 2(e)]
Last Answer : (b) All agreements are contracts [Section 10]
Description : As per section 2(e) of the Indian Contract Act, “Every Promise and every set of promise forming the consideration for each other is a/an (a) Contract (b) Agreement (c) Offer (d) Acceptance
Last Answer : (b) Agreement
Description : Every promise and every set of promise forming the consideration for each other is a/an (a) contract. (b) agreement. (c) offer. (d) acceptance.
Last Answer : (b) agreement.
Description : A/an …………… is every Promise and every set of promises , forming consideration for each other (a) Offer (b) Agreement (c) Acceptance (d) Transaction
Description : A Contract is ................ (a) A promise to do something or abstain from doing something. (b) A communication of intention to do something or abstain from doing something (c) A set of promises. (d) An agreement enforceable by law.
Last Answer : (d) An agreement enforceable by law.
Description : An Agreement is ................... (a) Offer (b) Offer+ Acceptance (c) Offer + Acceptance + Consideration (d) Contract
Last Answer : (b) Offer+ Acceptance
Description : An agreement not enforceable by Law is said to be void under section ................ of the Indian Contract Act. (a) Section 2(a) (b) Section 2(b) (c) Section 2(f) (d) Section 2(g)
Last Answer : (d) Section 2(g)
Description : An agreement is a Voidable Contract when it is (a) Enforceable (b) Enforceable by Law at the option of the aggrieved party (c) Enforceable by both the parties (d) Not enforceable at all.
Last Answer : (b) Enforceable by Law at the option of the aggrieved party
Description : Contract is defined as an agreement enforceable by Law, vide section ............ of the Indian Contract Act. (a) Section 2(e) (b) Section 2(f) (c) Section 2(h) (d) Section 2(i)
Last Answer : (c) Section 2(h)
Description : Contract is defined as an agreement enforceable by law, vide Section … of the Indian Contract Act. (a) Section 2(e) (b) Section 2(f) (c) Section 2(h) (d) Section 2(i)
Description : A promises to deliver his watch to B and, in return, B Promise to pay a sum of ` 2,000. There is said to be a/ an (a) Agreement (b) Proposal (c) Acceptance (d) Offer
Last Answer : (a) Agreement
Description : Which one of the following has the correct sequence? (a) Offer, acceptance, consideration, offer. (b) Offer, acceptance , consideration, contract (c) Contract, acceptance, consideration, offer. (d) Offer, consideration, acceptance, contract.
Last Answer : (b) Offer, acceptance , consideration, contract
Description : All Contract is a/an …………….. (a) Offer (b) Agreement (c) Acceptance (d) Transaction
Description : Consensus-ad-idem is an essential of (a) Agreement (b) Promise (c) Both (a) & (b) (d) Consideration
Description : …………….. is a one-sided contract in which only one party has to perform his promise or obligation. (a) Void contract (b) Illegal agreement (c) Unilateral contract (d) Bilateral contract
Last Answer : (c) Unilateral contract
Description : A contract which is impossible to perform is (a) Voidable (b) Void (c) Illegal (d) Enforceable
Last Answer : (b) Void
Description : If in a contract, the time lapses and if the party fails to perform the contract within specified time the contract becomes (a) Voidable (b) Void (c) Illegal (d) Enforceable in the court
Last Answer : (a) Voidable
Description : Which one of the following will constitute a valid acceptance? (a) An enquiry as to fitness of the subject matter of contract. (b) A provisional acceptance (c) Addition of a superfluous term, while accepting an offer. (d) A conditional acceptance.
Last Answer : (a) An enquiry as to fitness of the subject matter of contract.
Description : Consider the following statement: (1) There is no difference between the English Law and Indian Law with regard to acceptance through post. (2) Both Under the English Law and the Indian Law a contract is concluded when the ... statement is/are correct? (a)1 and 2 (b) 2 alone (c) 3 alone (d) None
Last Answer : (c) 3 alone
Description : ………………. is forbidden by law. (a) Valid contract (b) Illegal agreement (c) Voidable contract (d) Unenforceable contract
Last Answer : (b) Illegal agreement
Description : A ______ is a contract to person the promise or to discharge a liability of a third person in case of his default. a) Contract of indemnity b) contract of guarantee c) Implied contract d) express contract
Last Answer : b) contract of guarantee
Description : A contract by which one party promises to save the other from loses caused to him by the conduct of the promise himself or by the conduct of any other person is called a ________ a) Contract of indemnity b) Contract of guarantee c) Quasi contract d) none of these
Last Answer : a) Contract of indemnity
Description : Under the Indian Contract Act, the contract of indemnity is restricted to such cases (a) Where the loss promise to be reimbursed is caused by the conduct of the promisor or any other person (b) The loss caused ... accident which does not depend upon conduct of any person (c) Both (a) & (b) (d) None
Last Answer : (b) The loss caused by the any events or accident which does not depend upon conduct of any person
Description : Exemplary damages are not awarded in such case (a) Breach of promise to marry (b) Wrongful dishonour & customers cheque by banker (c) Breach of any business contract (d) None of the above
Last Answer : (c) Breach of any business contract
Description : The term” Promise” has been defined in .............. of the Indian Contract Act. (a) Section 2(a) (b) Section 2(b) (c) Section 2(c) (d) Section 2(d)
Last Answer : (b) Section 2(b)
Description : Which of following is a contract? (a) A engages B for a certain work and promises to pay such remuneration as shall be fixed. B does the work. (b) A and B promise to marry each Other. (c) A takes a Seat in a public vehicle (d) A invites B to a card party. B accepts the invitation.
Last Answer : (a) A engages B for a certain work and promises to pay such remuneration as shall be fixed. B does the work.
Description : What can a catalogue of books, listing price of each book and specifying the place where the listed books are available be termed as? (a) An offer (b) An obligation (c) An invitation to offer (d) A promise to make available the books at the listed place.
Last Answer : (c) An invitation to offer
Description : A contract for the sale of “future goods is “ a) agreement to sell b)sale c) void d)voidable
Last Answer : a) agreement to sell
Description : A contract for the sale of goods which provides that the property would pass to the buyer on full payment of price and execution of sale deed is known as a)sale of approval b)hire purchase agreement c) sale d)agreement to sell
Last Answer : d)agreement to sell
Description : Contract of sale may be a) agency relationship b)sale or agreement c)indemnity d)guarantee.
Last Answer : b)sale or agreement
Description : Agreement is defined by the section ............... of the Indian Contract Act, 1872. (a) Section 2(c) (b) Section 2(e) (c) Section 2(g) (d) Section 2(i)
Last Answer : (b) Section 2(e)
Description : “A Contract is an agreement creating and defining obligations between the parties” the definition was put forwarded by (a) Dr. Ambedkar (b) Pollock (c) Salmonds (d) N.D.Kapoor
Last Answer : (c) Salmonds
Description : Which of the following is false with respect to minor entering a contract? (a) An agreement with or by a minor is void ab initio (b) A minor can be a beneficiary of a contract (c) The ... may be enforced at the option of the third party (d) A minor cannot ratify a contract on attaining majority
Last Answer : (c) The contracts involving a minor as a beneficiary may be enforced at the option of the third party
Description : A makes a contract with B to beat his business competitor. This is an example of (a) valid contract. (b) illegal agreement. (c) voidable contract. (d) unenforceable contract.
Last Answer : (b) illegal agreement.
Description : Which one of the following statement is true? (a) Offer and acceptance are revocable (b) Offer and acceptance are irrevocable (c) An offer can be revoked but acceptance cannot (d) An offer cannot be revoked but acceptance can be revoked.
Last Answer : (a) Offer and acceptance are revocable
Description : A tender is (a) an offer (b) invitation to an offer (c) acceptance of offer (d) none of the above
Last Answer : (a) an offer
Description : A Counter offer is ............... (a) A rejection of the original offer (b) An acceptance of the offer (c) A bargain (d) An invitation to treat
Last Answer : (a) A rejection of the original offer
Description : Which one of the following statement about a valid acceptance of an offer is incorrect? (a) Acceptance should be absolute and unqualified. (b) Acceptance should be in the prescribed manner (c) Acceptance should be communicated (d) Acceptance should be made while the offer is subsisting
Last Answer : (d) Acceptance should be made while the offer is subsisting
Description : Goods displayed in a Shop window with a price label will amount to: (a) Offer (b) Acceptance of offer (c) Invitation to offer (d) Counter offer
Last Answer : (c) Invitation to offer
Description : Which of the following is false? An offer to be Valid must (a) Contain a term the non- compliance of which would amount to acceptance. (b) Intend to create legal relations. (c) Have certain and unambiguous terms. (d) Be communicated to the person to whom it is made.
Last Answer : (a) Contain a term the non- compliance of which would amount to acceptance.
Description : An offer made by words spoken or written is called: (a) Implied offer (b) Express offer (c) Formal agreement (d) Informal agreement
Last Answer : (b) Express offer
Description : The contract which creates the relationship of an agent and principal a. Agency b. Bailment c. Pledge d. Offer
Last Answer : a. Agency
Description : The term” Proposal or offer” has been defined in - of the Indian contract Act. (a) Section 2(a) (b) Section 2(b) (c) Section 2(c) (d) Section 2(d)
Last Answer : (a) Section 2(a)
Description : For binding contract both the parties to the contract must: (a) Agree with each other. (b) Put the offer and counter offers. (c) Stipulate their individual offer (d) Agree upon the same thing in the same sense.
Last Answer : (d) Agree upon the same thing in the same sense.
Description : The bailment of goods as security for payment of a debt or performance of a promise a) Pledge b) Lien c) Agency d) Bailment
Last Answer : a) Pledge
Description : A person making a proposal is called .............. (a) Promisor (b) Vendor (c) Contractor (d) Promise
Last Answer : (a) Promisor
Description : Over a cup of coffee in a restaurant, X Invites Y to dinner at his house on a Sunday. Y hires a taxi and reaches X's house at the appointed time , but x fails to perform his promise. Can Y recover any ... as the intention was not to create legal relation. (c) Either (a) or (b) (d) None of these.
Last Answer : (b) No, as the intention was not to create legal relation.
Description : Law relating to agency is contained in ……. Chapter of the Indian Contract Act. a. Chapter IX b. Chapter X c. Chapter XI d. Chapter XII
Last Answer : b. Chapter X
Description : Which one of the following is the best statement about the Indian Contract Act? (a) It is an exhaustive code containing the entire law of contract. (b) It is an Act to amend certain parts of ... the entire law of contracts being an Act to define and amend certain parts of law relating to contract.
Last Answer : (c) It is an Act to define certain parts of the law relating to contracts and contains only the general principles of contract.
Description : The Law of Contract is nothing but ............... (a) A Child of Commercial dealing (b) A Child of Religion (c) A Child of day to day Politics (d) A Child of Economics.
Last Answer : (a) A Child of Commercial dealing