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Test: Contingent And Quasi- 1 - CA Foundation MCQ


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

Test: Contingent And Quasi- 1 for CA Foundation 2024 is part of Business Laws for CA Foundation preparation. The Test: Contingent And Quasi- 1 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Contingent And Quasi- 1 MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Contingent And Quasi- 1 below.
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Test: Contingent And Quasi- 1 - 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 : 

Test: Contingent And Quasi- 1 - 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 

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Test: Contingent And Quasi- 1 - 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 : 

Test: Contingent And Quasi- 1 - Question 4

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

Test: Contingent And Quasi- 1 - Question 5

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

Test: Contingent And Quasi- 1 - Question 6

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

Test: Contingent And Quasi- 1 - Question 7

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

Test: Contingent And Quasi- 1 - Question 8

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

Test: Contingent And Quasi- 1 - Question 9

The Contract of General Insurance is : 

Test: Contingent And Quasi- 1 - Question 10

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

Detailed Solution for Test: Contingent And Quasi- 1 - Question 10

A contingent contract dependent on the non-happening of a future uncertain event becomes void when such event happens. This is because the contract is contingent or dependent on that event not happening. If the event does happen, the condition on which the contract is based is not met, and therefore the contract becomes void.

Test: Contingent And Quasi- 1 - Question 11

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

Test: Contingent And Quasi- 1 - 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: 

Test: Contingent And Quasi- 1 - Question 13

___________ are the contracts implied by law: 

Test: Contingent And Quasi- 1 - 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: 

Test: Contingent And Quasi- 1 - Question 15

 The basis of ‘quasi contractual’ relations is the : 

Test: Contingent And Quasi- 1 - 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 

Test: Contingent And Quasi- 1 - Question 17

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

Test: Contingent And Quasi- 1 - Question 18

Wagering agreement is: 

Test: Contingent And Quasi- 1 - Question 19

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

Test: Contingent And Quasi- 1 - 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:

Test: Contingent And Quasi- 1 - 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?

Test: Contingent And Quasi- 1 - Question 22

A contingent contract is a/an: 

Test: Contingent And Quasi- 1 - Question 23

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

Test: Contingent And Quasi- 1 - Question 24

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

Test: Contingent And Quasi- 1 - Question 25

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

Test: Contingent And Quasi- 1 - Question 26

_________Contracts are enforceable by future events.

Test: Contingent And Quasi- 1 - Question 27

________ arises when obligations are created without a contract. 

Test: Contingent And Quasi- 1 - Question 28

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

Test: Contingent And Quasi- 1 - Question 29

Events in case of contingent contracts are:

Test: Contingent And Quasi- 1 - Question 30

 The basis of ‘Quasi Contractual relations' is the:

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