Test: The Indian Contract Act, 1872- 3


40 Questions MCQ Test Mercantile Law for CA CPT | Test: The Indian Contract Act, 1872- 3


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QUESTION: 1

When the person to whom the proposal is made signifies his assent thereto the proposal is said to be accepted than its called

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QUESTION: 2

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

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QUESTION: 3

A agrees to pay Rs. 1,000 to B if a certain ship returns within a year. However, the ship sinks within the year. In this case, the contract becomes

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QUESTION: 4

A contingent contract dependent on the non-happening of specified uncertain event within fixed time can be enforced if the event

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QUESTION: 5

The basis of ‘quasi contractual relations’ is the

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QUESTION: 6

Sometimes, a person finds certain goods belonging to some other persons. In such a case, the finder

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QUESTION: 7

A, B and C jointly promised to pay Rs. 60,000 to D. A was compelled by D to pay the entire amount of Rs. 60,000. Here

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QUESTION: 8

In commercial transactions, time is considered to be of the essence of the contract, and if the party fails to perform the contract within specified time, the contract becomes:

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QUESTION: 9

Where the performance of a promise by one party depends on the prior performance of promise by the other party, such reciprocal promises fall under the category of

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QUESTION: 10

When after the formation of a valid contract, an event happens which makes the performance of contract impossible, then the contract becomes:

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QUESTION: 11

A party entitled to rescind the contract, loses the remedy where

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QUESTION: 12

The special damages, i.e., the damages which arise due to so e special or unusual circumstances -

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QUESTION: 13

Which of the following statements is correct?

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QUESTION: 14

When offer is made to a definite person, it is known as

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QUESTION: 15

Standing Offer means

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QUESTION: 16

When the offeree offers to qualified acceptance of the offer subject to modifications and variations he is said to have made a

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QUESTION: 17

What is legal terminology for the doing or not doing of something which the promisor desires to be done or not done?

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QUESTION: 18

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

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QUESTION: 19

A and B both believe that a particular kind of rice is being sold in the market at Rs. 3,000 per quintal and A sells rice of that kind to B at Rs.3,000 per quintal. But, in fact, the market price was Rs. 4,000. The contract is

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QUESTION: 20

A sells the goodwill of his business to B and agrees with him to refrain from carrying on a similar business within specified local limits. This contract is

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QUESTION: 21

R, an optical surgeon, employs S as the assistant for a term of three years and S agrees not to practice as a surgeon during this period. This contract is

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QUESTION: 22

Agreement-the meaning of which is uncertain is

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QUESTION: 23

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

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QUESTION: 24

Suppose the time fixed for performance of the contract has expired but the time is not essential. What is the remedy of the promisee in the circumstances?

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QUESTION: 25

A ___________ agreement is one, which is enforceable at the option of one party.

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QUESTION: 26

Agreement-the meaning of which is uncertain is ________.

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QUESTION: 27

In case of illegal agreements, the collateral agreements are ________.

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QUESTION: 28

________ consideration is no consideration in England.

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QUESTION: 29

Consideration must move at the desire of the___________.

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QUESTION: 30

There can be a stranger to a _____________.

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QUESTION: 31

A minor is liable for the ________________ supplied to him.

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QUESTION: 32

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

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QUESTION: 33

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

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QUESTION: 34

R, an optical surgeon, employs S as the assistant for a term of three years and S agrees not to practice as a surgeon during this period. This contract is ____________.

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QUESTION: 35

Implied contract, even if not in writing or express words, is perfectly ________if other conditions are satisfied.

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QUESTION: 36

Threat to commit suicide amounts to

1 . Coercion

2 . Offence under the Indian Penal Code

3 . Undue Influence

4 . Fraud

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QUESTION: 37

Which of the following are covered under the heads Agreements Opposed to Public Policy?

(1) Trading with enemy

(2) Trafficking in Public Offices

(3) Marriage Brokerage Contracts

(4) Contracts to do impossible acts

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QUESTION: 38

The consideration of an agreement is considered unlawful, if it is

(1) forbidden by law

(2) fraudulent

(3) immoral

(4) Very expensive.

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QUESTION: 39

Contract caused by which of the following is voidable:

(1) Fraud

(2) Mis-representation

(3) Coercion

(4) Bilateral Mistake.

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QUESTION: 40

Who among the following is not disqualified by law to enter in to contract?

1 . A major person.

2 . A lunatic.

3 . Insolvent person.

4 . Diplomatic staff of foreign states.

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