Contract Law (1)

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All India Bar Examination


AIBE 19
Business law

Part-1
Indian Contract Act, 1872
(Contract Murder)
Subject Wise Weightage- 8 Marks
1. What is the purpose of Contract Law?
What is the objective of contract law?

A. Enforcing judicial decisions

LawFact Classes
B. Negotiating contracts and resolving disputes C.
Merely monitoring contracts D.
Controlling commercial transactions

Answer: B. contract determining and resolving disputes

2. When did the Indian Contract Act 1872 come into force? did you come?
When was the Indian Contract Act, 1872 enacted?

A. 1857
B. 1862
C. 1872
D.1900

Answer: C) 1872
had come
It was implemented on 1 September 1872

3 How many sections were there in the Indian Contract Act 1872?
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A 266
B 170
C 75
D 180

Answer: A 266

4 Year 1930 india contract Which act became the result of Act 1872

A Partnership Act
B Assets Transfer Act
C Material Act
D Specific Grievances Act

Answer C Material Act

5 Year 1932 india contract Which act became the result of Act 1872

LawFact Classes
A Indian Partnership Act
B Assets Transfer Act
C Material Act
D Specific Grievances Act

Answer A Indian Partnership Act

Hwith?
6. What is the history of contract killing connected

Which system is the history of contract law associated with?

A. Roman law (Roman Law)


B. English law (English Law)
C. Indian Law (Indian Law)
D. Chinese law (Chinese Law)

Answer: B. English law (English Law)


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7. What was the source of contract killing?


What was source of contract law?

A. Kanani Legal Code


B. Judicial Decisions
C. Commercial Practices
D. Dhamsha (Religious Texts)

Answer: C. Commercial Practices

8. What type of contracts does the Indian Contract Act 1872


govern?
What type of contracts does the Indian Contract Act, 1872
govern?

A. Only Oral Contracts

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B. Only Written Contracts
C. All Types of Contracts
D. Only Personal Contracts

Answer: C. All Types of Contracts

9. What is the main purpose of contract killing?


What is the key principle of contract law?

A. Freedom of Will and Agreement

B. Authority of Courts

C. Compliance with Terms

D. Transfer of Property
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Answer: A. Freedom of Will and Agreement

,
10. What is the definition of 'contract' under the What is the definition of a?
Indian Contract Act 1872
Act, 1872?

A. A written document B. A
legal agreement between two or more parties C. A legal condition

D. A legal document

Agreement Answer: B. A legal agreement between two or more parties

11. What are the necessary terms and conditions for a contract?
What are the essential elements for a valid contract?

LawFact Classes
A. Motion and Acceptance
B. Killing ability C.
Desired D. All
of the above

Answer: D. All of the above

12. What are the 'Essential Elements' in Contract Killing?


What are the 'essential elements' in contract law?

A. Objectives, Conditions,
and Documents B. Offer, Acceptance, and Consideration

C. Documents and Agreed Terms


D. Intoxicant and Considerations

Answer: B. Offer, Acceptance, and Consideration


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13. The difference between "Agreement" and in which section

"Contract" is explained?
In which section is the difference between "Agreement" and
"Contract" explained?

(A) Section 2(a) and 2(b)

(B) Section 2(e) and 2(h)

(C) Section 10 and 11


(D) Section 13 and 14

Answer:(B) Section 2(e) & 2(h)

14. Who is held responsible for 'dispute resolution' in contract?

LawFact Classes
Who is held responsible for dispute resolution under contract law?

A.
Government
B. Court C. Trade
organization D. Society

Answer: B. courts

15. Section 2(h) of the Indian Contract Act, 1872 provides the definition
of what?
Section 2(h) of the Indian Contract Act, 1872 defines what?

(A) Proposal

(B) Contract (Contract)


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(C) Consideration

(D) Consent

Answer: (B) Contract (Contract)

16. What are the conditions necessary for a legal contract under Section 10?

What are the essential conditions for a valid contract under


Section 10?

(A) Free consent

(B) Kanani Lawful object

(C) Competent parties

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(D) All of the above

Answer: (D) All of the above

17. As per section 11 Who has no right to enter into a contract?


According to Section 11, who is not competent to contract?

(A) Minor

(B) Person of unsound mind

(C) Kannan Person disqualified by law

(D) All of the above

Answer: (D) All of the above


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18. In which section of the Indian Contract Act, Consideration


has been defined?
Which section of the Indian Contract Act defines
considerations?

(A) Section 2(d)

(B) Section 11

(C) Section 10

(D) Section 14

Answer: (A) Section 2(d)

a contract valid.
19. A contract is a document that is used to make
Is it necessary?

LawFact Classes
Which of the following is essential to make a contract valid?

(A) Legal capacity

(B) Consent

(C) Lawful object

(D) All of the above

Answer: (D) All of the above

statement is correct 20. Which of the following


regarding the validity of an offer?

A. A bet is valid only if it is written.


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B. A proposal is valid only when it is known to the person


concerned. C. A proposal is always
in oral form. D. A proposal is always for a specific purpose.

Answer: B. A proposal is valid only if it is known to the person


concerned.

21. Who is called 'Tavak'?


Who is called the 'Offer'?

A. The person who makes the


offer. B. The person who accepts the
offer. C. The person who has the right to
compromise. D. The person who rejects the offer.

Answer: A. The person who makes a move.

LawFact Classes
22. Acceptance as per Indian Contract Act, 1872
What is the definition?
What is the definition of 'Acceptance' under the Indian
Contract Act, 1872?

A. Giving a statement on behalf of the


accepting the proposal. proposal. And
B. On a proposal C. Rejecting a
proposal. D. Taking a unilateral decision.

Answer: B. On any proposal and approval.

23. 'Consideration' means :


What does 'consideration' mean?

(A) Promise by one party

(B) One May called payment


A price paid for a promise which is
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(C) A law A legal agreement

(D) No one

Answer:(B) A A price paid for a


promise)

24. What is the status of a 'minor' under the Indian Contract


contract entered into with Act, 1872?
What is the nature of a contract made with a minor under the
Indian Contract Act, 1872?

(A) Valid

(B) void ab initio

LawFact Classes
(C) Enforceable

(D) Advocate (Optional)

Answer (B) void ab initio

25. Under what circumstances does 'Free Consent of the Party'


exist?
In which of the following situations is 'free consent' not
present?

(A) Fraud

(B) Unwanted Undue influence

(C) Coercion

(D) All of the above


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Answer: (D) All of the above

26. What happens in case of 'Fraud'?


What happens in case of 'fraud'?

(A) Contract slaughter takes place

(B) Contract shay It happens

(C) The contract is terminable

(D) Contractis compulsory

Answer: (C) The contract is voidable


,
27. Which of the following
a 'Contingent
is referred to as It is said?

LawFact Classes
Contract'?

A. When a party has to perform the contract under certain conditions. B. When the contract is fixed. A. When a party has to

perform the contract under certain conditions. B. When the contract is fixed.

C. When the contract is accepted by only one person. It is


affected by the agreement.
D. When one paper is printed on the other

Answer: A. When a party has to perform a contract under certain conditions.

28. What happens after a contract expires?


What happens after the termination of a contract?

A. The terms of the contract are followed. B.


There is no liability when the contract is terminated.
C. Obligations are settled,
D. The contract is always prospective.
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Answer: C. Liabilities expire,

29. What is called Counter Offer?


What is called a 'Counter Offer'?

A. When an offer is accepted. B.


When an offer is made with new conditions.
C. When an offer is rejected. D. When
a person does not understand the offer.

Answer: B. When an offer is made with new conditions.

30. What is the meaning of 'defect' in a contract under the Indian Contract Act?
What is the meaning of 'Defect' in a contract under the Indian Contract Act?

A. Misunderstanding of the terms of the contract.

LawFact Classes
B. An agreement is void due to a legal defect. C. Mistake
of one party to the contract.
D. Any further suspicion.

Answer: B. An agreement becomes void due to some legal defect.

31. If a contract is from the beginning, what is it called?


valid
What is a contract called if it is void from the beginning?

(A) Valid

(B) Illegal

(C) Shay (Void)

(D) Useless

Answer: (C) Shay (Void)


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32. What remedies may apply for a breach of a contract?


Which of the following remedies can be applied in case of a breach of contract?

A. Damages
B. Rescission of contract
C. Specific performance
D. All of the above

Answer: D. All of the above

33. What is it called when a party changes a motion or makes a new


motion?
What is it called when a party alters or makes a new offer?

A. Objection

LawFact Classes
B. Counter offer
C. Acceptance
D. Rejection

Answer: B. Counter offer

34. For a contract to be valid, what mental state of a person must be?

What mental condition should a person have for the validity of a contract?

A. Mental condition
B. mental capacity

C. Being angry
D. Being scared

Answer: B. mental capacity


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35. What is rejection of offer?


What is the rejection of an offer?

A. Refusing to accept the offer


B. Accepting the offer C.
Accepting the offer without changing
it D. Resubmitting the offer

Answer: A. Refusal to accept the proposal

Or does it happen?
36. An 'Immediate' Contract
What is an 'immediate' contract?

A. A contract which is executed after a certain period of time.


B. Contract
A contract which is to be executed
immediately. C. A contract which is put in
writing. D. A contract which is executed only in court.

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Answer: B. A contract which is to be performed immediately.

,
It is said?
37. Which contract is called as ‘Terms and Conditions Contract’?

Which contract is referred to as 'Void Contract'?

A. A contract which has been


A. The contract which is not binding on the law

agreed to by all the parties. B. A contract which has been


C. That contract entered into by only one party. B. A
D. That contract contract which does not fulfill the terms.

Answer: A. The contract which is not binding on the law The letter cannot be used again.

38. What is essential to make a contract void?


What is necessary for making a contract valid?

A. There should only be a written form of


contract. B. Both parties should agree.
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C. One party must be willing to give something. D.


There must be a mutual obligation between the two parties.

Answer: B. Both parties must agree.

39. Generally, what is 'consent' in a contract?


Generally, what is 'Consent' in a contract?

A. Desire of one
party B. Free and clear consent of both
the parties C. Acceptance of
only one party D. Expression of desire by only one of the parties

Answer: B. Both parties agree on their own and independently

40. What is called 'Acceptance of Offer'?


What is called 'Acceptance of Offer'?

LawFact Classes
A. When a party agrees to the terms of a contract.
B. When a party rejects an offer. C. When a
party understands the terms of an offer. D.
When a third party accepts an offer.

Answer: A. When a party agrees to the terms of a contract.

41. The situation in which a contract is is considered to be superior to the senior, he

called a bet is?


What is the situation called when a contract is considered
completely void?

Contract
A. Incomplete Contract
B. Void Contract
(Valid Contract)
C. Slaughter contract

D. Conditional Contract
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Answer: B. Void Contract

42. Which is the way to end a contract?


What is one of the ways to terminate a contract?

A. By agreement between both the


parties B. By unilateral
decision C. By decision of the
court D. All of the above

Answer: D. All of the above

43. What is called 'timely performance' (Performance of Contract)?


What is called 'Performance of Contract'?

A. Comply with the terms of the contract


B. Termination of the Contract

LawFact Classes
C. Violating the terms of the contract
D. Rewriting the contract

Answer: A. Comply with the terms of the contract

44. What is the meaning of 'Mutual Consent'?


What is the meaning of 'Mutual Consent'?

A. When both parties agreewith each other.


party agrees with theEach force their will. B. When one
other. C. When both parties disagree about the
terms. D. When one party only agrees to the terms.

Answer: A. When both parties agree with each other.

45. What happens if a person does not comply with the terms of the contract?
What happens if a person fails to perform the terms of the contract?
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A. The contract will be terminated. Action


will be enforced on itwill be taken. B. Law
C. The contract will be revised.
D. The contract will be changed.

taken. Answer: B. Law onAction


it will be

46. When a person ends a contract without reciprocity, what is it


called?
What is it called when a person terminates a contract without the
consent of the other party?

A. Resection
B. Breach
C. Remedy Reconstruction

D. Acceptance

LawFact Classes
Answer: B. Breach

47. 'Vashshe Kayak AaptuWhen is the order for '(Specific Performance)


given?
When is an order for 'Specific Performance' given?

A. When work is not done under the contract.


B. When the contract is Breach of its terms occurs.
C. When a party does not comply with its terms.
D. When the court orders the enforcement of the contract.

Answer: D. When the court orders the contract to be enforced.

48. What is considered "Incapacity" ?


Who is considered to have 'Incapacity' under the Indian Contract Act?
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A. Minor B. Mentally
ill C. Intoxicated D. All of the above

Answer: D. All of the above

49. What is the importance of consideration for a contract under the


Indian Contract Act 1872?
What is the importance of 'Consideration' in a contract under the
Indian Contract Act, 1872?

A. This Agreement a valency It is mandatory for.


B. It is given by only one party. C. It can
only be done verbally. D. It makes the
contract void.

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Answer: A. This contract is binding It is mandatory for.

50. A contract is termed as 'invalid' under the Indian Contract Act, 1872.
When is it considered (void)?
Under the Indian Contract Act, 1872, when is a contract considered
'Void'?

A. When the terms of the contract I would not have done

B. When the contract is not binding it. It would not have been possible.

C. When the contract is made by only one party.


D. When the contract is Not performed.

Answer: B. When the contract is not binding This is definitely not possible.

51. A contract which one party may terminate at his own will, or
Is it called?
What is called a contract that can be terminated at the will of one party?
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(Valid Contract)
A. Slaughter contract

B. Amaya Contract (Void Contract)


C. Voidable Contract
contract
D. Prohibitory Agreement (Illegal Contract)

Answer: C. Retirement contract (Voidable Contract)

52. What is the difference between 'Condition' and 'Warranty'?


What is the difference between 'Condition' and 'Warranty'?

A. Shatka violation contract may terminate the same, while the warrant
Violation only results in a fine.
B. There is no difference in termsand warranties.
C. Conditional only written contract is important, whereas a warrant is a verbal contract Mahoti
Is.

LawFact Classes
D. Violation of the rule
Kanani takes action.
does not take action while breaching warrant

Answer: A. Shatka violation contract may terminate the same, while the warrant
Violation of this only results in fines.

53. Non-binding What is the definition of a?


What is the definition of a Quasi Contract?

A. That contract In which both the parties do not agree


B. That contract in which one side damages the other First
C. That contract which is imposed by the court This is done irrespective of the nature of the
do not agree between
D. That contract which is found only in writing

Answer: C. that contract which is imposed by the court is done, even if both
disagreement between the parties
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54. Indian Contract Settlement of bets as per section 30 of the Act, 1872
what does it mean?
What is the meaning of 'Contract of Wagering' under Section
30 of the Indian Contract Act, 1872?

A. A contract In which any party is given any type of loan without any risk
goes
B. a contract In which a party receives money as a result of an event
is applied
C. a contract in which only business transactions take place
D. A contract in which exchange of property takes place

Answer: B. a contract In which a party makes a claim as a result of an incident


money is invested

55. Agreement to Settle Betting mya mya what happens?


What are the main elements of a contract of wagering?

LawFact Classes
A. Both parties bear risks, and their goal is to profit equally
it has to be done
B. Only one party benefits and the other suffers loss C.
the objective of both parties is to benefit from the outcome of a certain event
It happens

D. No money is exchanged between the two parties

Answer: C. The objective of both parties is to benefit from the outcome of a certain event.
has to do

56. Agreement to Settle Betting Makanani what happens to p?


What happens legally in a contract of wagering?

A. This Agreement Kanani it doesn't happen with water


B. This Agreement The court is non-profit
C. This Agreement any law resolves dispute
D. This Agreement causes the transfer of property
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Answer: A. This contract is not binding on the law it doesn't happen with water

57. What types of events may have betting stoppage agreements?


What type of events can contracts of wagering be based on?

A. Death of a certain person B.


Results of a game or competition
C. The result of a business transaction
D. Consequence of transfer of property

Answer: B. Results of the game or competition

58. Can a betting agreement be governed under the Indian Contract


lag Act?
Can a contract of wagering be enforced under the Indian Contract Act?

LawFact Classes
A. Yes, if both parties have done it in writing B. No,
it is not legally binding C. Yes, if it is done
for a business purpose D. Yes, if one of the parties suffers a
loss

Answer: B. No, it is not legal

59. What is meant by contingent contract?


What is meant by a Contingent Contract?

only one A. A contract which is made by


party and is based on certain conditions
B. That contract
C. That contract including a time limit
D. That contract

Answer: C. A contract which is based on certain conditions


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60. Coincidental contract According to , When does a person become liable?


which?

When does a person's liability arise under a Contingent


Contract?

A. When the consequence of a certain event occurs


B. When both the parties agree on it
C. When a party is required to pay compensation mercy is given
D. When the contract is is filed in writing

Answer: A. When the result of a certain event comes to light

61. Or contingent contract to the law P se lang can be done, if the conditions
But wouldn't it happen?

Can a Contingent Contract be legally enforced if the condition


is not fulfilled?

LawFact Classes
A. Yes, it will be applicable after getting admission what can be done
B. No, if conditional If it were not there then this would not be applicable
C. Yes, before conditional what can be done
D. No, on condition Cannot be implemented even after being

Answer: B. No, if there was no condition then it would not be applicable

62. Coincidental contract On the occurrence of which event the contract bycar
It happens?

Which event, upon occurrence, makes a Contingent Contract


binding?

A. When there is a makes it aware


B. When the second
C. When both sign the document
he pays to
D. When one paper is printed on the other

Answer: B. When the sun shines it occurs


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63. Can a contingent contract contain conditions of future events?

Can a Contingent Contract involve conditions based on future events?

A. Yes, contingent contracts can depend on future events B. No,


contingent contracts depend only on present events C. Yes,
but only one party has the right to decide the terms D. No,
these are only conventional contracts

Answer: A. Yes, contingent contracts can depend on future events

64. What would happen if there was no contingent contract? On what condition

What happens if the condition of a Contingent Contract is not fulfilled?

LawFact Classes
A. Contract
the contract
will automatically terminate B.

will be applicable but the conditions will not be followed C. both


the parties will have to pay compensation and it will

D. Contract Law not be applicable to either party

Answer: D. Contract Law I will not contact you

65. Under a contingentcontract, if an event which is stated in the contract


does not occur, what will happen to the contract?
What happens to a Contingent Contract if the event specified as a condition does
not occur?

A. The contract can be cancelled


B. The contract can be suspended
C. The contract
will continue
to be in force D. The contract will expire
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Answer: D will be finished

66. Indian Contract Coincidental contract as per section 32 of the Act Of


Under the When does it end?
Under Section 32 of the Indian Contract Act, when does a
Contingent contract terminated?

A. When there is an agreement between both the parties

B. When a certain event occurs


C. When conditional would not have been

D. When contractual agrees to terminate the contract in a particular manner

Answer: C. When the sun shines would not have been

67. Indian Contract 'Contract' under Act 1872 ' Validity


What is required for a Contract?

LawFact Classes
What is necessary for the validity of a contract under the
Indian Contract Act, 1872?

A. Contract law of conditions and to be appropriate.

B. Only one party accepted.


C. A contract made only verbally. D.
A contractTo be executed by a third party.

Answer: A. Contract law of conditions and to be appropriate.

68. Indian Contract A contract under the Act 1872 to 'amay' or


shay When is it considered (void)?
When is a contract considered 'Void' under the Indian Contract
Act, 1872?

A. When the contract is It is done It wouldn’t happen.

B. When the contract is for a specific purpose on a condition that.


C. When the contract is It is done by a mentally challenged person.
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D. All of the above


Answer: D. All of the above

69. A contract is voidable under the Indian ContractAct, 1872.


When is it considered 'voidable'?
When is a contract considered 'Voidable' under the Indian Contract Act,
1872?

A. When a party enters into a contract under fraud or pressure. B.


When the contract is binding on a partyWhen a party
receives no benefit under the contract. A. There
D. When the contract is is no condition.

Answer: A. When a party enters into a contract under fraud or pressure.

70. What is Breach of Contract under , breach of contract


"Indian Contract Act, 1872"?

LawFact Classes
What is the breach of contract under the Indian Contract Act, 1872?

(A) Performing the terms of contract

(B) Non-performance of a part of the contract


of contract)

(C) Discontinuing the intent of contract

(D) Completion of contract

Ans (B) Non-performance of a part of the contract


part of the contract)

71. Under the "Indian Contract Act, 1872", a contract is termed as "uncontracted"
(Void) Why can this be declared?
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Under the Indian Contract Act, 1872, why can a contract be declared void?

(A) Breachof contract

(B) If the object is illegal

(C) Contract should be made legal If the contract is legally


unacceptable)

(D) All of the above

Answer: (D) All of the above

72. In which case the rule of opinion and acceptance was decided?
In which case was the rule of offer and acceptance established?

LawFact Classes
(A) Carlill v. Carbolic Smoke Ball Co.

(B) Balfour v. Balfour

(C) Mohori Bibee v. Dharmodas Ghosh

(D) Lalman Shukla v. Gauri Dutt

Answer: (A) Carlill v. Carbolic Smoke Ball Co.

73. Which saint has been cited in the case "Mohori Bibee v.
Dharmodas Ghose"?
Which principle was clarified in the "Mohori Bibee v.
Dharmodas Ghose" case?

(A) Contracts with minors are void


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(B) Fraud

(C) Misrepresentation

(D) Coercion

(A) Contract of minors are void Contracts with Answer:

74. Which of the following elements is not a part of a marriage contract?


Which of the following is not an element of a valid contract?

(A) Free Consent

(B) Consideration

(C) Lawful Object

LawFact Classes
(D) Social Agreement

Answer: (D) Social Agreement

75. According to the Indian Contract Act, , The proposal is accepted by


1872 who can terminate first?
Who can terminate an offer before acceptance under the Indian
Contract Act, 1872?

(A) Offeror

(B) Offeree

(C) Court

(D) None
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Answer: (A) Offer

76. What element is missing under "Free Consent"?


What is the element missing under "Free Consent"?

(A) Fraud

(B) Misrepresentation

(C) Coercion

(D) All of the above

Answer: (D) All of the above

77. "Mohori Bibee v. Dharmodas Ghose" case appealed to which saint?

LawFact Classes
The "Mohori Bibee v. Dharmodas Ghose" case affirmed which principle?

(A) Contracts with minors are void

(B) Unwanted Undue influence

(C) Fraud

(D) Compensation

(A) Contracts of minors are void Contracts with Answer:

78. Decision in the case of "Carlill v. Carbolic Smoke Ball Co." (1893)
Or was it?

What was the decision in the case of "Carlill v. Carbolic Smoke Ball Co." (1893)?
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A. It was decided that any public offer is a contract Nahambanta.

B. It was decided that if a warrant contains special conditions, it


Kanani contract It is possible

C. It was decided that the contract would be executed if the proposal was final. Nahambanta.

D. It was decided that there was no contract There can be no slaughter until
There should be no consideration on it.

Answer: B. It was decided that if a warrant contained special conditions


yes then that is legal contract It is possible

79. What was the decision in the case "Lalman Shukla v. Gauri Dutt" (1913)?
What was the decision in the case of "Lalman Shukla v. Gauri
Dutt (1913)?

LawFact Classes
A. Acceptance of a proposal is valid only if it is a result of an agreement.
I am in that situation.

B. If any information is made the other's order, then he


cannot be included in the agreement.

C. has the right to approve the approval, even if there are conditions.

D. Any person who makes a promise is an accepted one.

Answer: B. If a person creates information If he receives the second order of does,


the government then he cannot participate in the agreement.

80. What was the decision in the case "Balfour v. Balfour" (1919)?
What was the decision in the case of "Balfour v. Balfour"
(1919)?
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A. The conveyance contract is considered a legal contract.

B. A domestic agreement in which the terms of both parties are not


recognised is not a contract.

C. Only the written contract is applicable.

D. Any informal agreement is enforced as a contract.

Answer: B. A domestic agreement in which the terms of both parties are


not recognised is not a contract.

81. 'Mutual Consent' under the "Indian Contract Act, 1872" was
defined by whom?
Who defined 'Mutual Consent' (meeting of minds) under the Indian
Contract Act, 1872?

LawFact Classes
A. "Carlill v. Carbolic Smoke Ball Co."
B. "Smith v. Hughes"
C. "Balfour v. Balfour"
D. "Raffles v. Wichelhaus"

Answer: B. "Smith v. Hughes"

82. What was the decision in the case of "Shankar v. KC Verma" (2001)?

(2001)?

A. Only damages can be awarded for breach of contract.

B. Unilateral rescission of a contract can be done judicially.

C. A court order for the performance of a contract for breach of a contract


I can't give it.
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D. Breach of contract is punishable by imprisonment.

Answer: B. Unilateral rescission of a contract can be done judicially.

83. What was decided in the case of "Hadley v. Baxendale" (1854)


Was?

What was the decision in the case of "Hadley v. Baxendale" (1854)?

A. Compensation will be given only for such damage and not for other
damage.

B. Damages are determined when there is no condition of the contract.

C. Punitive damages are awarded for breach of contract.

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D. Compensation will be given for every type of loss.

Answer: A. Damages will be awarded only for this loss and not for any other loss.

84. In "Raffles v. Wichelhaus" (1864) was the contract under which the action
took place?
What situation arose in the case of "Raffles v. Wichelhaus"
(1864)?

A. It was held that when the terms of a contract are unfulfilled, it can
be cancelled.

B. It was held that a contract made on a fixed date would be


considered void.
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C. It was decided to implement the agreement without any conditions. What?

Will go.

D. It was held that mere agreement of one party does not make the contract
valid.

Answer: A. It was held that when the terms of a contract are unfulfilled, it can
be cancelled.

85. What was decided in the case of "Hochster v. De la Tour" (1853)


Was?

What was the decision in the case of "Hochster v. De la Tour" (1853)?

A. A contract can be repudiated by a party before the date of its performance.

B. The contract can be dishonored only after it has been performed.

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C. The decision of one party is not binding on the contract.

D. The court
gives an immediate decision on the breach of the terms of the contract.

Answer: A. A contract can be repudiated by a party before the date of its


performance.

86. Case: Ram offered to sell his garden to Shyam. Shyam accepted the offer
but on the condition that he would get the garden the next month. Would this
be a legal contract?
Case: Ram offered to sell his cart to Shyam. Shyam accepted the offer but added
a condition that he would take the cart next month. Will it be a valid contract?

A. Yes, the proposal has been accepted.

B. No, the yam leader was accepted with conditions.


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C. Yes, it is a legal contract will be.

D. No, this contract It will be useless without any hassle.

Answer: B. No, Yayam accepted the leadership with conditions.

87. Case: Mohan agreed to sell his old car to Sagar in exchange for Rs. 10,000.
Sagar Neta accepted the offer but at a price of Rs. 9,000
on price. or it is a contract will be?
Case: Mohan offered to sell his old car to Sagar for 10,000.
Sagar accepted the offer but at Rs. 9,000. Will this be a valid
contract?

A. Yes, it is a legal contract will be.

B. No, because the price has been changed, making it a new proposal

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It is made.

C. Yes, it is a legal contract It will happen, if both agree.

D. No, any amount at the same price


I could not agree.

Answer: B. No, because the price has been changed which makes it a new
It becomes a challenge.

88. Case: has decided to sell his property to Sameer for Rs 20,000
Samat made the offer. Samir immediately accepted the offer, but later Samat
claimed that the proposal was meant only as a joke and that he did not believe it
Will he be able to do so? Can Sameer ask for a reward from the committee?

Case: Sumit offered to sell his property to Sameer for 20,000.


Sameer immediately accepted the offer, but later Sumit claimed
that the offer was just a joke and he would not fulfill it. can
Sameer claim the property from Sumit?
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A. Yes, both parties agreed to the proposal.

B. No, everyone thought it was a joke.

C. Yes, as agreed in the contract.

D. No, the offer was a joke and there was no real agreement.

Answer: C. Yes, as agreed in the contract.

89. Case: Mohan told Pankaj that he would sell him his bike for Rs.
15,000, but Pankaj refused and promised to give the money to Mohan.
Mohan receives the money from Pankaj, but he refuses to give
the bike. Can any legal action be taken against Mohan?
Case: Mohan told Pankaj that he would sell his bike for
15,000, and Pankaj accepted it and promised to pay the

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money. Mohan receives the money from Pankaj but refuses to give
the bike. Can any legal action be taken against Mohan?

A. Yes, it is a breach of contract.

B. No, Mohan had not decided to sell the bike.

C. Yes, because he is legally barred.

D. No, because Pankaj gave the money first.

Answer: A. Yes, because this contract is a violation of this contract. is a violation of this contract.

90. According to the Indian Contract , Contract of 'B' (Sale) Or


Act?

What is a 'Sale' contract under the Indian Contract Act?


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A. When a person lends his goods to another.

B. When the right and control of an object is transferred from one


person to another.

C. When a paper is printed on another paper


Someone borrows something from him.

D. When both parties agree together to purchase an item.

Answer: B. When the left and right sides of an object move from one side to the other.
is transferred in another way.

91. 'Age contract ' (Contract of Sale)


It happens?

What is the duty of one party under a 'Contract of Sale'?

A. The buyer has to pay the price at the time of purchase of the goods.

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B. The buyer has to bear all losses incurred after the maturity of the goods.

C. The buyer has to only deliver the goods to the buyer.

D. Both parties must enter into the contract together has to be ended.

Answer: A. Payment of price to the buyer at the time of purchase of the goods
It happens.

92. Contracts of guarantee What is the definition of a?


What is the definition of a Contract of Guarantee?

A. A contract In which one person gives a certain object to the other.

B. a contract in which one party promises to make payment to a third party


If the first party fails to make the payment.
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C. a contract in which one party borrows something from another


contract He does.

D. A contract In which one personpromises to sell an item to another.

Answer: B. a contract in which one party undertakes to make payment to a third party

A party promises to pay the amount if the first party fails to make the payment.

93. Guarantee contract What three forms does it have?

Which three parties are involved in a contract of guarantee?

A. Guarantor, Lender and Borrower


B. Guarantor, Buyer and Buyer
C. Mayan Debtors, Guarantors and IAS
D. Buyers, vendors and assistants

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Answer: A. Guarantor, lender and borrower

94. Guarantee contract according to the criteria of, What is the guarantor's responsibility?

According to the terms of a contract of guarantee, what is the


responsibility of the guarantor?

A. The guarantor is only obliged to make the payment if Debtor


payment I don't do it.

B. The guarantor has to only compensate for the losses.

C. With the guarantor The debtor's property has to be taken care of.

D. Guarantee Contract to Guarantor has the right to terminate the contract.

Answer: A. The guarantor is only bound to make the payment, if


The debtor does not pay.
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95. Does a guarantee contract require any documentation or registration?


Is there a requirement for writing or registration in a contract of
guarantee?

A. Yes, the guaranteecontract should be in writing.


B. No, guarantee contracts are also verbal. It
guarantee contractsrequires registration. C. Yes,
D. Guarantee Contract Contracts
are. of property only

Answer: B. No, guarantee contracts are also made verbally.

96. Under what circumstances can the guarantee contract be terminated?

In which situation can a contract of guarantee be terminated?

offence A. When I The debtor shall be liable for any

But Does. B.
When the guarantor sells his

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property. C. When the lender promises to honor the
guarantee. D. When both parties agree to terminate the contract.

The debtor
responsibility. Answer: A. When I pays the tax on his own

97. What are the rights of the guarantor under a guarantee contract?
What rights does the guarantor have under a contract of
guarantee?

A. The guarantor has the right to demand payment from the debtor.

B. The guarantor only has the right to sell the property.

C. The guarantor has the right to terminate the contract only after
verification.

D. The guarantor only has the right to redeem the loan.


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Answer: A. including the guarantor Right to demand payment from the debtor
It happens.

98. 'May What is the meaning of 'Principal Debtor'?


What does 'Principal Debtor' mean in a contract of guarantee?

A. The person who undertakes to make payment to any person under the guarantee
Gives.

B. The person who is responsible for the loan.

C. The person who is entitled to the guarantee contract payment A accepts the centuries.

D. The person who returns the money paid by the guarantor.

Answer: B. The person who is responsible for the loan.

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99. Guarantee contract
When does the guarantor's responsibility start?
When does the responsibility of the guarantor arise in a
contract of guarantee?

A. Responsibility of the Guarantor happens when the Debtor fails to pay


remains.

B. Responsibility of the Guarantor happens when the guarantee is contracted to apply This is done.

C. Responsibility of the Guarantor Occurs when the lender demands payment.

D. Responsibility of the Guarantor Occurs when a third party makes a loan.

Answer: A. Responsibility of the guarantor happens when the to pay debtors


I keep failing.

100. Subvention contract What is the definition of a?


What is the definition of a Contract of Bailment?
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A. A lender borrows money from a lender. In which a lender

B. A contract in which one party gives its original ownership to another


gives it for handling.

buyer buys something from another buyer.


C. A contract in which a

D. A contract in which both parties share the right to an item.

Answer: B. A contract in which one partygives his property to


another for temporary custody.

101. What rights does a negotiator have if the negotiator


violates the terms of the contract?
What rights does the bailor have if the bailee breaches the terms of the contract?

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A. The applicant has the right to terminate the contract.

B. The negotiator has the right to demand reparation from the addressee.

C. The applicant has to take back the stolen item.

D. The judge has the right to punish the offender.

Answer: B. The plaintiff has the right to demand the husband


from the plaintiff.

102. What is the definition of mortgage contract?

What is the definition of a contract of pledge?

A. A contract in which one partysells his goods to another.


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B. a contract In which one party gives its goods to the other in


exchange for a loan.
tenth

C. A contract in
which one party represents its material good without
any representation from the other.
lends itself.

person obtains money from another person.


D. A contract in which a

Answer: B. A contract in which one party delivers its goods to another


party in exchange for a loan.

103. What is the name given to a person who keeps a pledge?


What is the party that holds the pledge in a contract of pledge called?

A. Pledger
B. Pledge

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C. Creditor
D. Property Owner

Answer: Pledger

104. When is the pledged object returned under a pledge agreement?


When is the pledged goods returned under a contract of
pledge?

A. When the pledgee has used the pledged item.

When the mortgagee pays his debt


B.

C. When the pledgee decides to return it.

D. When the debtor has increased the debt of the debtor.

Answer: B. When the mortgagee pays his debt


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105. mortgage contract But what could be the causes of this object?
What types of goods can be pledged under a contract of
pledge?

A. Only Sampit
B. just walk
C. Opportunity property only
D. Let's go and real estate both

Answer: B. just walk

106. Agency Agreement What is the definition of a?

What is the definition of a contract of agency?

A. A contract In which a person forces another person to do some work


Nayatu does it.

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B. a contract It burns.
in which one paper is used

C. a contract In which one party transfers his property to the other.

D. A contract In which one person gives his property on rent to another person.

Answer: A. a contract In which one personforces the other to do some work


He makes a decision for this.

107. Is it What authority does the agent have to represent the


supple?
What rights does the agent have to represent the principal
under a contract of agency?

A. The agent has the power to act without the order of the police.

B. The agent has to pay the legal fees from the supplier There is a right to take action.
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C. The agent has the authority only to give advice to the sample.

D. The agent has the authority to take all decisions regarding the sale.

Answer: B. The agent has to pay the legal fees from the supplier power to take action
It happens.

108. Agency Agreement What are the causes of death?


What are the causes of termination of a contract of agency?

A. Lack of intent on the part of the agent to act.


B. Supply The demise or bankruptcy of.
C. Non-compliance of order by the agent.
D. All of the above.

Answer: D. All of the above.

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109. Agency Agreement What should an agent do under the Act if the supplier has committed a crime?
Have you given specific instructions?

What should the agent do if the principal gives specific


under instructions a contract of agency?

A. The agent should follow the instructions.

B. The agent must act in his own way.

C. The agent should ignore the instruction.

D. The agent should only advise, not act.

Answer: A. The agent should follow the instructions.

110. Agency Agreement Supplied under


What is the relationship between the customer and the agent?
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What relationship exists between the principal and the agent


under a contract of agency?
A. There is
A business contract between the buyer and the agent It happens.
B. There is
a relationship of trust and responsibility between the supplier and the agent.
C. Supple contract
only one legal entity between the supplier and the agent It happens.

D. Supple
There is no relationship between the investor and the agent.
Answer: B. Sapal
A relationship of trust and responsibility between me and the agent
It happens.

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