Test: Other Essential Elements Of A Valid Contract- 2


30 Questions MCQ Test Business Laws for CA Foundation | Test: Other Essential Elements Of A Valid Contract- 2


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This mock test of Test: Other Essential Elements Of A Valid Contract- 2 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- 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Other Essential Elements Of A Valid Contract- 2 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- 2 exercise for a better result in the exam. You can find other Test: Other Essential Elements Of A Valid Contract- 2 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

When one party is in a position to dominate the will of other and uses that position to obtain an unfair advantage of the other. The consent is said to be obtained by: 

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QUESTION: 2

Mistake relating to the identity of subject matter by both the parties is called ________.

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QUESTION: 3

A person who enters into a contract with a minor is _____.

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QUESTION: 4

Y sold some goods to X which Y believes to be of superior quality where as they are of inferior quality. It is a case of:

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QUESTION: 5

X threatens Y ‘I shall kill your son if you do not contract to sell your land.” Y enters into the contract. It is a case of:

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QUESTION: 6

For the supply of necessaries to a minor, ________ may be responsible for price

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QUESTION: 7

An intentional misrepresentation amounts to _____.

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QUESTION: 8

A student agrees under pressure to gift the entire property to his education guru. Such contract can be set aside on grounds of:

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QUESTION: 9

A person who had the means of discovering the truth with ordinary diligence can avoid the contract on the ground of misrepresentation this statement is ________

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QUESTION: 10

__________ involves physical threat

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QUESTION: 11

Silence amounts to fraud when:

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QUESTION: 12

Every person having attained the age of majority i.e. __________ years is competent to contract. 

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QUESTION: 13

An agreement restraining a person from exercising a trade is

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QUESTION: 14

Which of the following can be a party to enter into a contract?

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QUESTION: 15

 In relation to a Contract the term "Consensus-ad-idem” under the Indian Contract act 1872 means.

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QUESTION: 16

Which of the following statements is not correct?

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QUESTION: 17

Atul contracted to make and deliver 350 pairs of shoes to Bansi by 1st January. A strike of Atul’s employees prevented him from fulfilling his contract. In a suit by Bansi for breach of contract, Atul claimed that the contract was terminated by impossibility of performance. Was his defence good?

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QUESTION: 18

As a general rule minor’s agreements are: 

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QUESTION: 19

S, a minor by fraudulently representing himself to be a major, induced L to lend him Rs. 4 Lakhs. He refused to repay it and L sued him for the money. The contract is: 

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QUESTION: 20

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

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QUESTION: 21

X agrees to pay Y Rs. 5,000 if Y delivers a judgement in his favour in a suit. Y does so but X refuses to pay any money. In this context which one of these gives the correct legal position of the agreement?

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QUESTION: 22

Which of the following will stand under fiduciary relationship as per Indian Contract Act, 1872?

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QUESTION: 23

Ram, a minor got injured his left leg in a football match. He engaged a doctor for the treatment of the leg. The doctor wants to claim for his services from the minor’s property. The claim of the doctor is _______ under the Indian Contract Act, 1872. 

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QUESTION: 24

The concept of Duress under English Contract Law is similar to: 

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QUESTION: 25

A man, by the name of Sohan, called at a Jeweller shop and chose a costly ring. He tendered in payment a cheque, which he signed in the name of Garish, a person of credit. He took the ring and pledged it to Bola Nath, who had no notice of fraud. Can the Jeweller recover the ring from Bola Nath?

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QUESTION: 26

Which one of the following shows an intention to be bound?

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A legal document denotes that the parties see the agreement as being legally binding. In the other scenarios presented, there is an informal agreement being established.

QUESTION: 27

Where an agreement consists of two parts one legal and other illegal, and the legal part is separable from the illegal one, such legal part is:

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QUESTION: 28

Consensus-ad-idem means: 

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QUESTION: 29

Where one party is in a position to dominate the will of another and uses his position to obtain the consent of the other party, the consent is said to have been obtained by 

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QUESTION: 30

An illiterate old woman made a gift deed for practically her entire property to her nephew who managed her affairs. The gift can be set aside on the grounds of : 

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