Test: Other Essential Elements Of A Valid Contract- 1


30 Questions MCQ Test Business Laws for CA Foundation | Test: Other Essential Elements Of A Valid Contract- 1


Description
This mock test of Test: Other Essential Elements Of A Valid Contract- 1 for CA Foundation helps you for every CA Foundation entrance exam. This contains 30 Multiple Choice Questions for CA Foundation Test: Other Essential Elements Of A Valid Contract- 1 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Other Essential Elements Of A Valid Contract- 1 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Other Essential Elements Of A Valid Contract- 1 exercise for a better result in the exam. You can find other Test: Other Essential Elements Of A Valid Contract- 1 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

A fraudulently informs B that his house is free from encumbrances. B thereupon, buys the house. The house is subject to a mortgage. What are the rights of B? 

Solution:
QUESTION: 2

S, a seller of imitation jewellery, sells his business to B and promises, not to carry on business in imitation jewellery and real jewellery. The agreement is: 

Solution:
QUESTION: 3

Match list I with list II and select the correct answer from the code given below the lists:  

Solution:
QUESTION: 4

An agreement entered into with free consent & lawful but inadequate consideration is:

Solution:
QUESTION: 5

An agreement is void if it is opposed to public policy. Which of the following does not cover this head?

Solution:
QUESTION: 6

Which of the following statement is false ?

Solution:
QUESTION: 7

Parents or guardians shall _________ for breach of contract by minor:

Solution:
QUESTION: 8

In case, through the husband was a divorcee, he did not disclose the fact of his previous marriage to his wife and in-laws. It was held that the consent was obtained by:

Solution:
QUESTION: 9

A mortgage was executed in favour of a minor. Can the minor get a Decree for the enforcement of the mortgage?

Solution:
QUESTION: 10

A sum of money was agreed to be paid to the father in consideration of his giving her daughter in marriage. The agreement is void on ground’s of being: 

Solution:
QUESTION: 11

The contract of “Uberrimae Fidei” means a contract:

Solution:
QUESTION: 12

X offers to sell a painting to Z which X knows is the copy of a well-known master piece. Z thinking that the painting is original decides to buy it at a very high price. Is this a valid contract?

Solution:

This contract is valid.
An erroneous opinion as to the value of the thing which forms the subject matter of the agreement is not treated as mistake relating to a matter of fact. Here, X will have to blame himself for ignorance of the true value of the painting. 

QUESTION: 13

Mistake as to foreign law is treated in the same manner as: 

Solution:
QUESTION: 14

Which of the following agreements are expressly declared void by the Indian Contract Act?

Solution:
QUESTION: 15

A minor can do which of the following things?

Solution:
QUESTION: 16

A minor’s estate is liable for the _______ supplied to him: 

Solution:
QUESTION: 17

Undue influence involves ___________pressure. 

Solution:
QUESTION: 18

S instructs T to enter on his behalf into a wagering transaction. T loses in the transaction and pays from his pocket. He thereafter sues S for reimbursement. Can S raise plea of wager?

Solution:
QUESTION: 19

An agreement caused by mistake of Indian Law is : 

Solution:
QUESTION: 20

If the illegal part of a contract is inseparable from legal part of the contract, the contract becomes :

Solution:
QUESTION: 21

Can a person who is usually of unsound mind, but occasionally of sound mind, make a contract?

Solution:
QUESTION: 22

When the consent is obtained by coercion, the contract is 

Solution:
QUESTION: 23

Marriage brokerage contracts are: 

Solution:
QUESTION: 24

When one party is in a position to dominate the will of another and uses his superior position to obtain the consent of weaker party, the contract is said to be obtained by

Solution:
QUESTION: 25

A contract caused by coercion is 

Solution:
QUESTION: 26

The person providing necessary to minor is entitled to be reimbursed from miner’s property. This is because of which type of contract. 

Solution:
QUESTION: 27

X is a patient in a lunatic asylum. At intervals of time he is of sound mind. He can enter into contract : 

Solution:
QUESTION: 28

What is meaning of the term ‘Consensus-ad-idem?

Solution:
QUESTION: 29

Which of the following is not expressly declared void?

Solution:
QUESTION: 30

All agreement in restraint of trade are void does not apply to : 

Solution: