Test: The Indian Contract Act, 1872- 1


40 Questions MCQ Test Mercantile Law for CA CPT | Test: The Indian Contract Act, 1872- 1


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QUESTION: 1

The law of contract in India is contained in

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QUESTION: 2

An agreement enforceable by law is a

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QUESTION: 3

A void agreement is one which is

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QUESTION: 4

An agreement which is enforceable by law at the option of one or more of the parties thereon but not at the option of the other or others is a

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QUESTION: 5

Which of the following is false? An offer to be valid must:

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QUESTION: 6

When the consent of a party is not free, the contract is

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QUESTION: 7

Which of the following is false? An acceptance:

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QUESTION: 8

In case of illegal agreements, the collateral agreements are:

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QUESTION: 9

An offer may lapse by:

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QUESTION: 10

A proposal when accepted becomes a

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QUESTION: 11

Which of the following statement is true?

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QUESTION: 12

Which of the following statement is false? Consideration:

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QUESTION: 13

Which of the following statement is false?

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QUESTION: 14

Consideration must move at the desire of

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QUESTION: 15

Which of the following statement is true?

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QUESTION: 16

Consideration may be

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QUESTION: 17

Consideration in simple term means:

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QUESTION: 18

What is essential component of an contract?

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QUESTION: 19

Ordinarily, a minor’s agreement is

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QUESTION: 20

A minor’s liability for ‘necessaries’ supplied to him;

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QUESTION: 21

Which of the following statements is not true about minor’s position in a firm?

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QUESTION: 22

Which of the following statement is true?

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QUESTION: 23

Consent is not said to be free when it is caused by

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QUESTION: 24

When the consent of a party is obtained by fraud, the contract is;

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QUESTION: 25

The threat to commit suicide amounts to

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QUESTION: 26

Moral pressure is involved in the case of

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QUESTION: 27

A wrong representation when made without any intention to deceive the other party amounts to

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QUESTION: 28

Which of the following statement is true?

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QUESTION: 29

In case of illegal agreements, the collateral agreements are:

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QUESTION: 30

An agreement the object or consideration of which is unlawful, is

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QUESTION: 31

An agreement is void if it is opposed to public policy. Which of the following is not covered by heads of public policy?

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QUESTION: 32

On the valid performance of the contractual obligations by the parties, the contract

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QUESTION: 33

Which of the following persons can perform the contract?

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QUESTION: 34

A, B and C jointly promised to pay Rs. 60,000 to D. Before performance of the contract, C dies. Here, the contract

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QUESTION: 35

A contract is discharged by novation which means the

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QUESTION: 36

A contract is discharged by rescisson which means the

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QUESTION: 37

When prior to the due date of performance, the promisor absolutely refuses to perform the contract, it is known as

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QUESTION: 38

In case of anticipatory breach, the aggrieved party may treat the contract

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QUESTION: 39

In case of breach of contract, which of the following remedy is available to the aggrieved party?

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QUESTION: 40

Sometimes, a party is entitled to claim compensation in proportion to the work done by him. It is possible by a suit for

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