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Test: Contract Of Law - 5 - CLAT MCQ


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30 Questions MCQ Test - Test: Contract Of Law - 5

Test: Contract Of Law - 5 for CLAT 2024 is part of CLAT preparation. The Test: Contract Of Law - 5 questions and answers have been prepared according to the CLAT exam syllabus.The Test: Contract Of Law - 5 MCQs are made for CLAT 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Contract Of Law - 5 below.
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Test: Contract Of Law - 5 - Question 1

A contract with or by a minor is a—

Test: Contract Of Law - 5 - Question 2

A contingent contract—

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Test: Contract Of Law - 5 - Question 3

X promises to make a sculpture for Y—

Detailed Solution for Test: Contract Of Law - 5 - Question 3

The correct option is B.

As the promise is made between X and Y. No third party is involved

Test: Contract Of Law - 5 - Question 4

Reasonable time for performance of a contract is a question—

Detailed Solution for Test: Contract Of Law - 5 - Question 4

A is the correct option.Section 46 in The Indian Contract Act, 1872- Where, by the contract, a promisor is to perform his promise without application by the promisee, and no time for performance is specified, the engagement must be performed within a reasonable time." Explanation.—The question “what is a reasonable time” is, in each particular case, a question of fact.

Test: Contract Of Law - 5 - Question 5

Which of the following persons can perform the contract

Test: Contract Of Law - 5 - Question 6

A voidable contract is one which

Test: Contract Of Law - 5 - Question 7

A enquires from B, “will you purchase my cow for $100?” B replies, “I shall purchase your cow for $100 provided you purchase my parrot for $120” In this case……………………

Detailed Solution for Test: Contract Of Law - 5 - Question 7

In this case:

2.   B has made a counter offer to A

B's response conditions the acceptance of A's offer on A's acceptance of a new term (buying B's parrot for $120). This constitutes a counteroffer rather than an acceptance of the original offer.

Test: Contract Of Law - 5 - Question 8

The following persons can enter into contracts as per the provisions of the Indian contracts act, 1872

Detailed Solution for Test: Contract Of Law - 5 - Question 8

The correct option is D.
Under indian contract act 1872, following persons can enter into contract.
1. Sound mind
2. a major
3. competent to contract
4. not disqualified by law

Test: Contract Of Law - 5 - Question 9

A entered into a contract with B for the supply of certain things manufactured by C. C did not manufacture those goods. What is your advice?

Detailed Solution for Test: Contract Of Law - 5 - Question 9

B is the correct option. The contract is complete from both A and B but A has failed to keep his promise so he is liable for any damage to B.

Test: Contract Of Law - 5 - Question 10

Which of the following is FALSE ? An acceptance

Test: Contract Of Law - 5 - Question 11

Where two parties make identical offers to each other offer, the offers are known as

Test: Contract Of Law - 5 - Question 12

An agreement made with a free consent to which the consideration is lawful but inadequate is

Test: Contract Of Law - 5 - Question 13

An agreement without consideration is

Test: Contract Of Law - 5 - Question 14

If the proposer prescribes the mode & manner of acceptance, the acceptance

Test: Contract Of Law - 5 - Question 15

In case of default by joint Promisors, the promise

Detailed Solution for Test: Contract Of Law - 5 - Question 15

B is the correct option. Section 43 allows a promisee to sue one or more of several joint promisors to be sued only along with his co-promisors. It is no defense to such a suit that all the promisors must have been made parties.

Test: Contract Of Law - 5 - Question 16

Where one of the joint promisors makes a default in contribution of performance

Detailed Solution for Test: Contract Of Law - 5 - Question 16

B is the correct option. The promisors, may compel every joint promisor to contribute equally to the performance of the promise (unless a contrary intention appears from the contract). If any one of the joint promisors makes default in such contribution the remaining joint promisors must bear the loss arising from such default in equal shares.

Test: Contract Of Law - 5 - Question 17

A contingent contract

Test: Contract Of Law - 5 - Question 18

Enforceable agreements are the one

Test: Contract Of Law - 5 - Question 19

An agreement in restraint of trade is valid under Section 27, it relates to

Detailed Solution for Test: Contract Of Law - 5 - Question 19

C is the correct option.Section 27 of Indian contract Act, 1972 states that, "Agreement in restraint of trade, void – Every agreement by which any one is restrained from exercising a lawful profession, trade or business of any kind, is to that extent void. 

Test: Contract Of Law - 5 - Question 20

Communication of a proposal is complete

Test: Contract Of Law - 5 - Question 21

Acceptance to be valid must

Test: Contract Of Law - 5 - Question 22

A contract based on the happening or non happening of a future event is called

Detailed Solution for Test: Contract Of Law - 5 - Question 22

Contingent contracts might be based on the non-happening of an uncertain future event within a fixed time. In such cases, the promisor is liable to do or not do something if the event does not happen within the said time.

Test: Contract Of Law - 5 - Question 23

Competence of a contract relates to

Test: Contract Of Law - 5 - Question 24

…………….cannot enter into a contract

Test: Contract Of Law - 5 - Question 25

In reciprocal promises, first to do things which are legal are…………..and second to do things which are illegal are……………

Test: Contract Of Law - 5 - Question 26

Which one of the following statements is correct? When a contract is caused by fraud, the contract is

Test: Contract Of Law - 5 - Question 27

Consider the following statements:
The communication of an acceptance is complete
1. as against the acceptor when it comes to the knowledge of the proposer.
2. as against the proposer, when it is put in a course of transmission to him, so as to be out of the power of the acceptor.

Q. Which of the statements given above is/are correct?

Test: Contract Of Law - 5 - Question 28

What is the primary object of law of damages for a breach of contract?

Test: Contract Of Law - 5 - Question 29

Consider the following statements:
1. When consent to an agreement is caused by undue influence, the agreement is a contract voidable at the opinion of the party whose consent was so caused.
2. Where both the parties to an agreement are under a mistake as to a matter of fact essential to the agreement, the agreement is void.

Q. Which of the statements given above is/are correct?

Test: Contract Of Law - 5 - Question 30

Consider the following statements regarding fraud and misrepresentation:
1. Both render the contract voidable.
2. Misrepresentation can only be pursued as a tort if it results in a breach of contract.

Q. Which of the statements given above is/are correct?

Detailed Solution for Test: Contract Of Law - 5 - Question 30

 

  1. Both render the contract voidable.

    • This statement is correct. Both fraud and misrepresentation can render a contract voidable at the option of the party who was misled.
  2. Misrepresentation can only be pursued as a tort if it results in a breach of contract.

    • This statement is incorrect. Misrepresentation can give rise to a cause of action in tort (e.g., for negligent or fraudulent misrepresentation) even if there is no breach of contract.

Therefore, the correct answer is:

a) 1 only

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