CONTRACT ACT
e Law of Contract is nothing but
1. a child of commercial dealing.
2. a child of religion.
3. a child of day-to-day politics.
4. a child of economics.
2. The Contract Act came into force
1. from 1 September 1972.
2. before 1 September 1882.
3. from 1 September 1872.
4. after 1 September 1872.
3. An agreement consists of reciprocal promises between at least
1. four parties.
2. six parties.
3. three parties.
4. two parties.
4. Contractual rights and duties are created by
1. state.
2. statute.
3. parties.
4. custom or usage.
5. In India, the express provisions of the Contract Act applies to
1. Hindus.
2. female.
3. businessman.
4. all of the above.
1 (i) 2 (iii) 3 (iv) 4 (iii) 5 (iv)
6. Every promise and every set of promise forming the consideration for each other is a/an
1. contract.
2. agreement.
3. offer.
4. acceptance.
7. A promises to deliver his watch to B and, in return, B promises to pay a sum of 2000. This is a/an
1. agreement.
2. proposal.
3. acceptance.
4. offer.
8. Contract is defined as an agreement enforceable by law, vide Section … of the Indian Contract Act.
1. 2(e)
2. 2(f)
3. 2(h)
4. 2(i)
9. A sells his car to B. A has a right to recover the price of the car from B. This right is a
1. right is rem.
2. right is personam.
3. right in rem as well as right in personam.
4. moral right.
10. A owns a residential flat. He is entitled to a quiet possession and enjoyment of his property. This is called
1. rights in personam.
2. rights in rem.
3. moral right.
4. there is no right at all.
6 (ii) 7 (i) 8 (iii) 9 (ii) 10 (ii)
11. A owes 1 lakh to B. B is entitled to recover this amount from A. This is called
1. rights in personam.
2. rights in rem.
3. constitutional righ
4. there is no right at all.
12. A contract creates
1. rights in personam.
2. rights in rem.
3. no obligations.
4. only obligations and no rights.
13. Valid contracts
1. are made by free consent.
2. are made by competent parties.
3. have lawful consideration and lawful object.
4. all of the above.
14. A lends 10 lakh to B for a year. Aft er one year A's right to recover the money from B is a
1. right in rem.
2. right in personam.
3. moral right.
4. civil right.
15. A has bought a house for 50,000. Which of the following right is available to A aft er the purchase?
1. He has a right against the seller to have a quiet possession of the house and enjoy in it.
2. He has a right against the whole world to have a quiet possession of the house and enjoy in it.
3. He has a moral right over the house.
4. He has a right to live in the house but cannot sell.
11 (i) 12 (i) 13 (iv) 14 (ii) 15 (ii)
16. Agreement to murder a person
1. cannot be enforceable by law.
2. is valid in law.
3. is invalid for want of consideration.
4. has no consensus ad idem.
17. A invites B for his son's wedding. B accepts the invitation. In this case, there is an agreement but no contract
since
1. there is no consideration.
2. there is no intention to create legal relationship.
3. there is no written document.
4. there is no formal acceptance of the offer.
18. A invites B for coffee in Coffe day Restaurant and B accepts the invitation. On the appointed date, B goes there
but A is does not come. In this case
1. B has no remedy against A.
2. B has to wait for another invitation from A.
3. B can sue A for not honouring his words.
4. A has to invite B again, to keep the promise.
19. A promise to give 5000 per month pocket money to his son B. If A does not give the pocket money
1. B can sue his father.
2. B has no remedy against A.
3. B can accept a lower pocket money also.
4. B has to give 5000 to his father.
20. A contract creates
1. rights and obligations of the parties to it.
2. obligations of the parties to it.
3. mutual understanding between the parties to it.
4. mutual lawful rights and obligations of the parties to it.
16 (i) 17 (ii) 18 (i) 19 (ii) 20 (iv)
21. In agreements of a purely domestic nature, the intention of the parties to create legal relationship is
1. to be proved to the satisfaction of the court.
2. presumed to exist.
3. required to the extent of consideration.
4. not relevant at all
An agreement is valid
1. which creates legal and social obligations of the parties.
2. which creates rights of a party.
3. which is written on a piece of paper and signed by the parties.
4. which creates legally binding right and obligations of the parties to it.
23. Voidable contract is one
1. which is lawful.
2. which is invalid.
3. which is valid as long as it is not avoided by the party entitled to do so.
4. which is unlawful.
24. When the contract is perfectly valid but cannot be enforced because of certain technical defects. This is called
1. unilateral contract.
2. bilateral contract.
3. unenforceable contract.
4. void contract.
25. …………… is without any legal effect and cannot be enforced in a Court of Law.
1. Valid contract
2. Void contract
3. Voidable contract
4. Unenforceable contract
21 (i) 22 (iv) 23 (iii) 24 (iii) 25 (ii)
26. According to provisions of the Indian Contract Act, 1872, void agreement and void contract is the same.
1. True
2. False
3. Partly true
4. Partly false
27. A void agreement is void ab initio but a void contract is not void ab initio.
1. True
2. False
3. Partly true
4. Partly false
28. A contract needs to be written, registered and signed by the parties and witnessed
1. if any party wishes so.
2. if the Contract Act directs so.
3. if any other act provides so.
4. if the consideration large amount.
29. A and B enter into a contract to marry each other. Before the time fixed for the marriage, A goes mad. The
contract becomes
1. void.
2. illegal.
3. valid.
4. voidable.
30. ………………. is forbidden by law.
1. Valid contract
2. Illegal agreement
3. Voidable contract
4. Unenforceable contract
26 (ii) 27 (i) 28 (iii) 29 (i) 30 (ii)
31. A makes a contract with B to beat his business competitor. This is an example of
1. valid contract.
2. illegal agreement.
3. voidable contract.
4. unenforceable contract.
32. ……………… is made by words spoken.
1. Express contract
2. Implied contract
3. Tacit contract
4. Unlawful contract
33. ……………… is made by words written.
1. Express contract
2. Implied contract
Comments
Post a Comment