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

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
by

1 Answer

Answer :

(a) Voidable
by

Related questions

A contract which is impossible to perform is (a) Voidable (b) Void (c) Illegal (d) Enforceable

Description : A contract which is impossible to perform is (a) Voidable (b) Void (c) Illegal (d) Enforceable

Last Answer : (b) Void

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.

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

A contingent contract is (a) Void (b) Voidable (c) Valid (d) Illegal

Description : A contingent contract is (a) Void (b) Voidable (c) Valid (d) Illegal

Last Answer : (c) Valid

…………….. 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

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

where in an auction sale, the seller appoints more than one bidder, the sale is a) illegal b)void c)conditional d)voidable

Description : where in an auction sale, the seller appoints more than one bidder, the sale is a) illegal b)void c)conditional d)voidable

Last Answer : d)voidable

Agreement the meaning of which is uncertain is (a) Void (b) Valid (c) Voidable (d) Illegal

Description : Agreement the meaning of which is uncertain is (a) Void (b) Valid (c) Voidable (d) Illegal

Last Answer : (a) Void

A contract for the sale of “future goods is “ a) agreement to sell b)sale c) void d)voidable

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

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)

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)

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.

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.

………………. is forbidden by law. (a) Valid contract (b) Illegal agreement (c) Voidable contract (d) Unenforceable contract

Description : ………………. is forbidden by law. (a) Valid contract (b) Illegal agreement (c) Voidable contract (d) Unenforceable contract

Last Answer : (b) Illegal agreement

A contract is said to be discharged or terminated (a) When the rights and obligation are completed (b) When the contract becomes voidable (c) Both (a) & (b) (d) None of the above

Description : A contract is said to be discharged or terminated (a) When the rights and obligation are completed (b) When the contract becomes voidable (c) Both (a) & (b) (d) None of the above

Last Answer : (a) When the rights and obligation are completed

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 a promise [Section 2] (d) Every promise and every set of promise forming the consideration for each other is an agreement [Section 2(e)]

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]

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 contracts involving a minor as a beneficiary may be enforced at the option of the third party (d) A minor cannot ratify a contract on attaining majority

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

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 : 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)

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.

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.

Every agreement and promise enforceable by law is ……………. (a) Offer (b) Contract (c) Acceptance (d) Consideration

Description : Every agreement and promise enforceable by law is ……………. (a) Offer (b) Contract (c) Acceptance (d) Consideration

Last Answer : (b) Contract

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 : 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)

When the contract is perfectly valid in its substance but cannot be enforced because of certain technical defects. This is called a/ an- (a) Unilateral Contract (b) Bilateral Contract (c) Unenforceable Contract (d) Void Contract

Description : When the contract is perfectly valid in its substance but cannot be enforced because of certain technical defects. This is called a/ an- (a) Unilateral Contract (b) Bilateral Contract (c) Unenforceable Contract (d) Void Contract

Last Answer : (c) Unenforceable Contract

Parol contracts are also known as (a) Simple Contract (b) Format Contract (c) Void Contract (d) Conditional contract

Description : Parol contracts are also known as (a) Simple Contract (b) Format Contract (c) Void Contract (d) Conditional contract

Last Answer : (a) Simple Contract

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 damages from X? (a) Yes, as y has suffered (b) No, as the intention was not to create legal relation. (c) Either (a) or (b) (d) None of these.

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.

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

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

A party entitled to rescind the contract, loses the remedy where (a) He has ratified the contract (b) Third party has acquired right in good faith (c) Contract is not separable (d) All of the above

Description : A party entitled to rescind the contract, loses the remedy where (a) He has ratified the contract (b) Third party has acquired right in good faith (c) Contract is not separable (d) All of the above

Last Answer : (d) All of the above

A contract is made where: (a) A buys a book from a shop (b) X bids at a public auction. (c) X agrees with Y to discover a treasure by magic (d) Z agrees to attend the birthday party of his friend

Description : A contract is made where: (a) A buys a book from a shop (b) X bids at a public auction. (c) X agrees with Y to discover a treasure by magic (d) Z agrees to attend the birthday party of his friend

Last Answer : (a) A buys a book from a shop

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.

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.

On the payment of price by the buyer ,if the seller fails to deliver the goods ,then the buyer can file a suit for a) refund of price b)interest c) none of this d)both (a )and (b)

Description : On the payment of price by the buyer ,if the seller fails to deliver the goods ,then the buyer can file a suit for a) refund of price b)interest c) none of this d)both (a )and (b)

Last Answer : a) refund of price

In Case of unconditional contract of sale, the property passes to the buyer at the time of making the contract. for this to apply, the goods must be a) specific b)in a deliverable state c) physically transferred to buyer d)both(a) and (b)

Description : In Case of unconditional contract of sale, the property passes to the buyer at the time of making the contract. for this to apply, the goods must be a) specific b)in a deliverable state c) physically transferred to buyer d)both(a) and (b)

Last Answer : a) specific

In case of Contract of guarantee, if the creditor loses or parts with any security which the debtor provides him at time of contract, the surety is discharged to the extent of (a) The value of the security (b) The surety can be fully discharged (c) The surety can claim damages (d) All of the above

Description : In case of Contract of guarantee, if the creditor loses or parts with any security which the debtor provides him at time of contract, the surety is discharged to the extent of (a) The value of the security (b) The surety can be fully discharged (c) The surety can claim damages (d) All of the above

Last Answer : (a) The value of the security

Damages which the contracting parties fix at the time of contract in case of breach (a) Unliquidated Damages (b) Liquidated Damages (c) Nominal Damages (d) None of the above

Description : Damages which the contracting parties fix at the time of contract in case of breach (a) Unliquidated Damages (b) Liquidated Damages (c) Nominal Damages (d) None of the above

Last Answer : (b) Liquidated Damages

Which is not the mode of discharge of contract (a) Performance of contract (b) Lapse of time (c) Breach of contract (d) Injunction

Description : Which is not the mode of discharge of contract (a) Performance of contract (b) Lapse of time (c) Breach of contract (d) Injunction

Last Answer : (d) Injunction

The Indian Contract Act, applies to the: (a) Whole of India excluding Jammu & Kashmir (b) Whole of India including Jammu & Kashmir (c) States notified by the Central Government from time to time (d) None of the above.

Description : The Indian Contract Act, applies to the: (a) Whole of India excluding Jammu & Kashmir (b) Whole of India including Jammu & Kashmir (c) States notified by the Central Government from time to time (d) None of the above.

Last Answer : (b) Whole of India including Jammu & Kashmir

The special damages i.e. the damages which arises due to some special or unusual circumstances (a) Are not recoverable altogether (b) Are illegal being positive in nature (c) Cannot be claimed as a matter of right (d) Can be claimed as a matter of right

Description : The special damages i.e. the damages which arises due to some special or unusual circumstances (a) Are not recoverable altogether (b) Are illegal being positive in nature (c) Cannot be claimed as a matter of right (d) Can be claimed as a matter of right

Last Answer : (c) Cannot be claimed as a matter of right

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

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

where by exercising the right of stoppage in transit the unpaid seller regains the possession of goods, then a) unpaid seller lien revives b)contract of sale in terminated c) unpaid seller lien does not revive d)sellers possession in unlawful

Description : where by exercising the right of stoppage in transit the unpaid seller regains the possession of goods, then a) unpaid seller lien revives b)contract of sale in terminated c) unpaid seller lien does not revive d)sellers possession in unlawful

Last Answer : c) unpaid seller lien does not revive

A stipulation which is essential to the main purpose of the contract and if prove false give the buyer a right terminate the contract is legally known as a) guarantee b)condition c) warranty d)none of these

Description : A stipulation which is essential to the main purpose of the contract and if prove false give the buyer a right terminate the contract is legally known as a) guarantee b)condition c) warranty d)none of these

Last Answer : c) warranty

which of the following modes of delivery of goods is considered effective for a valid contract of sale? a) constructive delivery b)symbolic delivery c) actual delivery d)all of this

Description : which of the following modes of delivery of goods is considered effective for a valid contract of sale? a) constructive delivery b)symbolic delivery c) actual delivery d)all of this

Last Answer : c) actual delivery

which of the following is not an implied conditions in a contract of sale? a) condition as to description b)condition as to title c) condition as to free from encumbrance d)condition as to sample

Description : which of the following is not an implied conditions in a contract of sale? a) condition as to description b)condition as to title c) condition as to free from encumbrance d)condition as to sample

Last Answer : c) condition as to free from encumbrance

The merchantable in sec 14(2)defined in a) Indian contract act b) sale of goods act c) English sale of goods act d) none if this

Description : The merchantable in sec 14(2)defined in a) Indian contract act b) sale of goods act c) English sale of goods act d) none if this

Last Answer : c) English sale of goods act

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

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

Warranty is a contract means a) collateral to main purpose b)condition to main purpose c) representation to main purpose d)none of the above

Description : Warranty is a contract means a) collateral to main purpose b)condition to main purpose c) representation to main purpose d)none of the above

Last Answer : a) collateral to main purpose

Representation of contract for the main purpose are called a) warranties b)conditions c) agreements d)members

Description : Representation of contract for the main purpose are called a) warranties b)conditions c) agreements d)members

Last Answer : b)conditions

Contract of sale may be a) agency relationship b)sale or agreement c)indemnity d)guarantee.

Description : Contract of sale may be a) agency relationship b)sale or agreement c)indemnity d)guarantee.

Last Answer : b)sale or agreement

The sale of goods act 1930 deals with the a) movable goods only b)period of contract c) immovable goods d)none of the above

Description : The sale of goods act 1930 deals with the a) movable goods only b)period of contract c) immovable goods d)none of the above

Last Answer : a) movable goods only

Where both the name and existence of the principal are not disclosed in the contract. Such principal is called a. Undisclosed principal b. Unnamed principal c. Named principal d. Prohibited principal

Description : Where both the name and existence of the principal are not disclosed in the contract. Such principal is called a. Undisclosed principal b. Unnamed principal c. Named principal d. Prohibited principal

Last Answer : a. Undisclosed principal

The contract which creates the relationship of an agent and principal a. Agency b. Bailment c. Pledge d. 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

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

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

Bailment is a special kind of contract that is widely used in business and in: a) Personal affairs b) Cultural activities c) Academic research d) Charitable institution

Description : Bailment is a special kind of contract that is widely used in business and in: a) Personal affairs b) Cultural activities c) Academic research d) Charitable institution

Last Answer : a) Personal affairs

A mercantile agent employed to sell goods which have been placed in his possession or contract to buy goods for his principal (a) Factors (b) Brokers (c) Del Credere Agent (d) Auctioneers

Description : A mercantile agent employed to sell goods which have been placed in his possession or contract to buy goods for his principal (a) Factors (b) Brokers (c) Del Credere Agent (d) Auctioneers

Last Answer : (a) Factors

In case of contract of guarantee, what is the liability of the surety against the principal debtor (a) Primary (b) Secondary (c) No liability (d) Fully liable

Description : In case of contract of guarantee, what is the liability of the surety against the principal debtor (a) Primary (b) Secondary (c) No liability (d) Fully liable

Last Answer : (b) Secondary

In contract of indemnity, what is the liability of indemnifier against the indemnified (a) Primary (b) Secondary (c) No liability (d) Both (a) & (b)

Description : In contract of indemnity, what is the liability of indemnifier against the indemnified (a) Primary (b) Secondary (c) No liability (d) Both (a) & (b)

Last Answer : (a) Primary

What is the ratio of parties in contract of indemnity and contract of guarantee (a) 2 : 3 (b) 3 : 2 (c) 1 : 3 (d) 2 : 1

Description : What is the ratio of parties in contract of indemnity and contract of guarantee (a) 2 : 3 (b) 3 : 2 (c) 1 : 3 (d) 2 : 1

Last Answer : (a) 2 : 3