01 May Question1. TheIndianContract Act,1872
Question
1. TheIndianContract Act,1872
(a) Containsthebasicprinciplesofcontract
(b) Isnotacomplete codeoncontract
(c) Doesnotcoveralltypesofcontracts
(d) All theabove
2. Anagreement&contract areoneand samething.
(a) True
(b) False
(c) Dependsonthesituation
(d) Noneoftheabove
3. Thesourceofthelaw ofcontract is
(a) IndianContract Act,1872
(b) Judicialdecisions
(c) Customsorusageoftrade
(d) All theabove
4. Lawofcontract
(a) Isthewholelawofobligations
(b) Isthewholelawofagreements
(c) Dealswithonlysuchlegalobligationwhich arisefromagreement
(d) Dealswithsocialagreements
5. Socialagreementsare
(a) Enforceableinthecourts
(b) Notenforceableinthecourts
(c) Subjecttolegalobligations
(d) Madebysocialworkers
6. Allcontracts
(a) Areagreements
(b) Arenotagreements
(c) Donothavelegalobligations
(d) Shouldbeinwriting
7. MercantileLaw
(a) Isapplicabletobusinessmenonly
(b) Isapplicabletoeverybody
(c) Isapplicabletonon-businessmanonly
(d) IsapplicabletoIndiansonly
8. Acontractconsistof
(a) Mutualpromisesoragreementenforceablebylaw
(b) Agreementnotenforceablebylaw
(c) Involuntaryobligations
(d) Noneoftheabove
9. Anagreementtocreatelegal liability
(a) Isnotenforceablebylaw
(b) Isavoidagreement
(c) Isenforceablebylaw
(d) Noneoftheabove
10. Obligationbetween partiesthatformcontract
(a) Areallkindsofobligations
(b) Arelegalobligationwhichspringfromagreements
(c) Arenotvoluntaryinnature
(d) Noneoftheabove
11. Acontractmeansanagreement
(a) Whichisenforceablebylaw
(b) Whichisnotenforceablebylaw
(c) Whichcreatessocialobligation
(d) Whichisinwriting
12. Acontractoranobligationtoperformapromise couldariseinthefollowingways
(a) Byagreementandcontract
(b) Bystandardformofcontracts
(c) Bypromissoryestoppel
(d) Noneoftheabove
13. TheIndianContractlawisbased on
(a) Englishlaw
(b) Australianlaw
(c) Americanlaw
(d) Frenchlaw
14. Section2(b)defines,”Whenthepersontowhomtheproposalismade,signifies hisassentthereto,theproposalissaid tobeaccepted. Aproposalwhenaccepted becomesa/an
(a) Contract
(b) Agreement
(c) Promise
(d) Offer
15. Whentheconsentofa party toacontract hasbeenobtained byundueinfluence,fraudormisrepresentation,thecontractis
(a) Legal
(b) Voidable
(c) Enforceable
(d) Noneofthese
16. Allcontracts
(a) shouldbeinwriting
(b) shouldbeoral
(c) shouldberegistered
(d) noneoftheabove
17. Aforeigner
(a) iscompetenttoenterintocontractifhefulfils theconditionsofsection 11.
(b) isnotcompetenttoenterintocontract
(c) canenterintocontract withpermissionofCentral Govt.
(d) canenterintocontract withthepermissionofcourt
18. Voidablecontract
(a) areenforceablebylawif theyarenotavoided
(b) arenotenforceablebylaw
(c) canbeenforcedifthecourtdirects
(d) canbeenforcedwithpriorpermissionofCourt/Government
19. Thetermsofagreement
(a) mustbecertain
(b) mustbecapableof made certain
(c) un-ambiguousandclear
(d) alltheabove
20. Acontractisacontract
(a) fromthetimeitismade
(b) fromthetimeitsperformanceisdue
(c) atthetimefromitsperformance
(d) noneoftheabove
21. Inanexecuted contract
(a) boththepartieshaveyettofulfill theirpromises
(b) anyonepartyhasfulfilledthepromise
(c) boththepartieshavefulfilledtheir promises
(d) bothb&c
22. Allillegalagreements
(a) arenotvoid
(b) arenotvoidab-initio
(c) arevoid
(d) noneoftheabove
23. Avoid agreement
(a) isillegal
(b) isnotvoidab-initio
(c) mayormaynotbeillegal
(d) noneoftheabove
24. Allkindsofobligationsbetweentheparties formpartofthecontract.Thisstatementis
(a) True
(b) False
(c) Partiallytrue
(d) Noneoftheabove
25. Acontractismadewhere:
(a) Abuysabookfromashop
(b) Xbidsatapublicauction.
(c) XagreeswithYtodiscover atreasurebymagic
(d) Zagreestoattend thebirthdaypartyofhisfriend
26. Rightinremimplies:
(a) arightavailableagainstthewholeworld
(b) arightavailable againstaparticularindividual
(c) arightavailable againsttheGovernment
(d) noneoftheabove
27. Avoid contract
(a) isvoidfromtheverybeginning
(b) isvalidinthebeginningbutbecomesvoidlateron
(c) isenforceableattheoptionofoneofthecontractingpartiesonly
(d) noneoftheabove
28. Avoid agreementisone
(a) whichisforbiddenbylaw
(b) enforceableattheoptionofoneoftheparties
(c) whichisnotenforceablebylaw
(d) enforceablebylaw
29. Anagreementcreated bywordsspokenor writteniscalled
(a) expressagreement
(b) executeagreement
(c) impliedagreement
(d) voidableagreement
30. Anagreementconsistsofreciprocalpromisesbetweenthe
(a) Fourparties
(b) Sixparties
(c) Threeparties
(d) Twoparties
31. Whichofthefollowingstatementsisfalse
(a) Lawofcontractisthewholelawofobligations
(b) Certaincontractsmustbeinwriting
(c) Allcontractsareagreements
(d) Allillegalagreementsarevoid
32. Parolcontracts arealsoknowas
(a) SimpleContract
(b) FormatContract
(c) VoidContract
(d) Conditionalcontract
33. Whichofthefollowingcontractsarenotrecognizedby IndianContractAct,1872?
(a) Recognizance
(b) CourtJudgment
(c) Contractunderseal
(d) All theabove
34. Whichofthefollowingstatementsisfalseinrespect offormalcontract?
(a) Itshouldbeina particularform
(b) Itshouldbeinwritingandwitnessed
(c) Itshouldhaveconsideration
(d) Considerationisnotnecessary
35. UndertheEnglishlawwhich ofthefollowingarerecognizedasformalcontract
(a) Recognizance
(b) Contractunderseal
(c) Parolcontracts
(d) Both (a)and (b)
36. Anoffermadebywords spokenorwritteniscalled:
(a) Impliedoffer
(b) Expressoffer
(c) Formalagreement
(d) Informalagreement
37. Partialacceptanceofofferresultin
(a) counteroffer
(b) unqualifiedacceptance
(c) bindingcontract
(d) noneoftheabove
38. Atenderis
(a) anoffer
(b) invitationtoanoffer
(c) acceptanceofoffer
(d) noneoftheabove
39. Acceptanceistoofferwhata lightedmatchistoa trainofgun powder.This statementindicates
(a) Onceanofferisaccepteditresultsinbinding contract
(b) Communicationofacceptanceisnecessary
(c) Acceptancemustbeabsolute&unqualified
(d) All theabove
40. An offer comes toan end by
(a) acceptance
(b) communication
(c) revocation
(d) noneoftheabove
41. Deathorinsanity of theproposerwillrevoketheproposal
(a) Automatically
(b) Ifthefactofthedeathorinsanity isknowntotheofferee
(c) Theknowledgeofdeathorinsanityisirrelevant
(d) Onlyifthefamilymembers oftheproposerinformstheofferee
42. Anofferstandsrevoked
(a) Ifthefactofthedeathorinsanity isknowntoofferee
(b) Bycounteroffer
(c) Byrejectionofoffer
(d) All theabove
43. Crossofferdonotconstitute a contractbecause
(a) thereisnoacceptance
(b) thereisimpliedacceptance
(c) crossingimpliescancellation
(d) itamountstocounteroffer
44. Aproposal canbe revoked
(a) Beforepostingofletterofacceptancebytheacceptor
(b) Beforereceivingtheletterofacceptancebytheofferor
(c) Afterpostingtheletterofacceptancebytheofferee
(d) Cannotberevoked
45. Communicationofacceptanceisnotnecessary
(a) Byperformanceofconditionsoftheofferbyofferee
(b) Byacceptance ofconsiderationbytheofferee
(c) Byacceptanceofbenefit/servicebytheofferee
(d) All theabove
46. Whencounterofferisgiven, theoriginaloffer
(a) Lapses
(b) Remainsvalid
(c) Isacceptedandbecomes acontract
(d) Theoriginaloffercanalsobeaccepted
47. Acounterofferproposing differenttermsandconditions
(a) Amountstoacceptanceoftheoffer
(b) Amounttorejection oftheoffer
(c) Resultsinmakingoftheprovisionalcontract
(d) Both (b)&(c)
48. Whichofthefollowingstatementsisfalse?
(a) Aresponsetoinvitationtotreatleadtoanagreement
(b) Avalidoffermustbecommunicated
(c) Supplyinginformationisnotanoffer
(d) Arequestfortendersisaninvitationtotreat
49. Whenthepromiseedoesnotaccepttheofferofperformance,thepromisorisnotresponsiblefornon-performance
(a) True
(b) False
(c) Both(a)&(b)
(d) Noneoftheabove
50. Foran acceptancetobevalid,it mustbe
(a) Partial&qualified
(b) Absolute&unqualified
(c) Partial&unqualified
(d) Absolute&qualified
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