Test: Contingent And Quasi- 1


30 Questions MCQ Test Business Laws for CA Foundation | Test: Contingent And Quasi- 1


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

 A supplies necessaries of life to B who is a son of a mental retarded person. A is entitled to be reimbursed out of B’s property. This is : 

Solution:
QUESTION: 2

Ashok Kumar is a famous hockey coach. He agrees to impart training in hockey to Sachine, who is a minor at a remuneration of Rs. 10,000 per month. This is a 

Solution:
QUESTION: 3

U leaves his goods at V’s place who consumes them. V is bound to pay the price. V’s act of consumption of goods constitutes an implied promise to pay, under the principal of : 

Solution:
QUESTION: 4

Claim for necessaries of life supplied to a lunatic u/s 68 of the Indian Contract Act, can be enforced against : 

Solution:
QUESTION: 5

A person enjoying the benefits of a lawful non – gratuitous act of another: 

Solution:
QUESTION: 6

 _________ arises obligations where no contract is actually entered by parties.

Solution:
QUESTION: 7

A person finds goods belonging to another person in a public place. In such a case, the finder:

Solution:
QUESTION: 8

The contract which are based on principle of equity, justice and good conscience are _______.

Solution:
QUESTION: 9

The Contract of General Insurance is : 

Solution:
QUESTION: 10

A contingent contract dependent on the non happening of a future uncertain event becomes void when such event?

Solution:
QUESTION: 11

Contract the performance of which depends upon happening of an event is called ____.

Solution:
QUESTION: 12

A agrees to pay Rs. 1,000 to B if it rains. B promises to pay a like amount if it does not rain. The agreement is: 

Solution:
QUESTION: 13

___________ are the contracts implied by law: 

Solution:
QUESTION: 14

A agrees to pay B a sum of money if a certain ship does not return. The ship is sunk. A refuses to pay. Advise B: 

Solution:
QUESTION: 15

 The basis of ‘quasi contractual’ relations is the : 

Solution:
QUESTION: 16

The Indian Contract Act deals with the following Quasi –
Contractual Obligations:
(i)  Claim for necessaries supplied to a person incompetent to contract
(ii)  Responsibility of finder of goods
(iii) Re – imbursement of money paid, due by another
(iv) Obligation of person enjoying benefit of non – gratuitous act 

Solution:
QUESTION: 17

A person who finds goods belonging to another and takes them into his custody, is subject to the same responsibility as a : 

Solution:
QUESTION: 18

Wagering agreement is: 

Solution:
QUESTION: 19

 To claim reimbursement of money paid on behalf of another person, which of the following is not required?

Solution:
QUESTION: 20

A agrees to pay Rs. 500 to B if it rains and B promises to pay like amount if it does not rain, this contract/agreement is:

Solution:
QUESTION: 21

A says to B that he will give Rs. 500 to him if it rains and if doesn’t rain B will give him Rs. 500. Which type of contract is this?

Solution:
QUESTION: 22

A contingent contract is a/an: 

Solution:
QUESTION: 23

A principle which does not allows a person to retain unjust benefit at expense of another is known as ______

Solution:
QUESTION: 24

A promised to give Rs. 50,000 to B, if B is selected as the President of Co – operative society. It is ________

Solution:
QUESTION: 25

The contracts in which law creates certain rights & obligations similar to those of a contract are : 

Solution:
QUESTION: 26

_________Contracts are enforceable by future events.

Solution:
QUESTION: 27

________ arises when obligations are created without a contract. 

Solution:
QUESTION: 28

Under the Indian Contract act 1872 _________ is the essential characteristic of a Contingent Contract

Solution:
QUESTION: 29

Events in case of contingent contracts are:

Solution:
QUESTION: 30

 The basis of ‘Quasi Contractual relations' is the:

Solution:

Related tests