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    LAB MCQ UNIT 1 With Answers

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    Kapil Dalvi
    This document contains a multiple choice quiz on concepts from contract law. There are 30 multiple choice questions testing understanding of topics like voidable contracts, consideration, capacity, legality, damages, parties to a contract, types of contracts, and key contract law definitions. The answers to each question are also provided.

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    LAB MCQ UNIT 1 With Answers

    Uploaded by

    Kapil Dalvi
    115 views26 pages
    This document contains a multiple choice quiz on concepts from contract law. There are 30 multiple choice questions testing understanding of topics like voidable contracts, consideration, capacity, legality, damages, parties to a contract, types of contracts, and key contract law definitions. The answers to each question are also provided.

    Original Title

    LAB MCQ UNIT 1 with answers

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    This document contains a multiple choice quiz on concepts from contract law. There are 30 multiple choice questions testing understanding of topics like voidable contracts, consideration, capacity, legality, damages, parties to a contract, types of contracts, and key contract law definitions. The answers to each question are also provided.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    115 views26 pages

    LAB MCQ UNIT 1 With Answers

    Uploaded by

    Kapil Dalvi
    This document contains a multiple choice quiz on concepts from contract law. There are 30 multiple choice questions testing understanding of topics like voidable contracts, consideration, capacity, legality, damages, parties to a contract, types of contracts, and key contract law definitions. The answers to each question are also provided.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 26

    UNIT 1

    MCQ TEST
    Q An agreement is a voidable contract
    when it is:
    a. Enforceable if certain conditions are fulfilled.
    b. Enforceable by law at the option of the aggrieved party,
    c. Enforceable by both the parties.
    d. Not enforceable at all.

    ANSWER: B
    Q A promises to pay B Rs.500 if he beats C. B beats
    C, but A refuses to pay, Can B recover the amount?
    a.Yes
    b.No

    ANSWER: B
    Q The unlawful detention of any property of a person
    to obtain his consent to a contract amounts to
    a. Misinterpretation
    b. Fraud
    c. Mistake
    d. Undue Influence

    ANSWER: D
    Q A person who is not a party to a
    contract:
    a. Cannot sue
    b. Can sue
    c. Can sue only in well-recognized cases
    d. None of these

    ANSWER: A
    Q A who owes Rs.10000 to B dies leaving an estate of
    Rs.6000. The legal representatives of A are liable to pay:
    a. Rs.10,000
    b. Rs.6000
    c. Not liable at all
    d. Liable for Rs.3000

    ANSWER: B
    Q A,B and C jointly promise to pay D Rs.3000.
    A and B are untraceable. D can compel C :
    a. Pay his part of the promise
    b. Pay in Full
    c. Pay half the amount
    d. Not pay at all

    ANSWER: B
    Q If a new contract is substituted in place
    of an existing one, it is called
    a. Alteration
    b. Rescission
    c. Novation
    d. Remission

    ANSWER: C
    Q Quantum meruit means:
    a. A non-gratuitous promise
    b. An implied promise
    c. As much as earned
    d. As much as is paid

    e. ANSWER: C
    Q A Person who is represented by the
    agent is called
    a. Principal
    b. Principle
    c. Middle Man
    d. None of the above

    ANSWER: A
    S and P go into a shop. S says to the shopkeeper,
    C, “ Let P have the goods, and if he does not pay
    you, I will.” This is a contract of
    a. Wagering agreement
    b. Quasi-contract
    c. Contract of indemnity
    d. Contract of guarantee

    ANSWER: D
    Q A advances to B, a minor, Rs.5000 on the guarantee of C.
    On demand for repayment, B refuses to pay on the ground of
    his minority. Can A recover the amount from C?
    a. Yes, He can
    b. No, he cannot

    ANSWER: A
    Q An agent in NOT personally liable for 
    a. Contract entered with third parties on behalf of employer.
    b. Signs the agreement in his own name.
    c. Where the agent works for foreign principal.
    d. Where the contract expressly provides for the personal liability.

    ANSWER: A
    Q An agreement made without
    consideration is:
    a.Valid
    b.Illegal
    c.Voidable
    d.Void

    ANSWER: D
    Q Which of the following statement is/are
    correct 
    a. Ordinary damages are recoverable 
    b. Special damages are recoverable only if parties know about them 
    c. Remote or indirect damages are not recoverable 
    d. All of these 

    ANSWER: D
    Q The Indian Contract Act was enforced
    on:
    a. 1st July 1872
    b. 1st September 1872
    c. 1st August 1872
    d. None of these

    ANSWER: B
    Q Drawing cash from ATM, sale by fall of
    hammer at an auction sale, etc., are example
    of
    a. Express contract
    b. Implied contract
    c. Tacit contract
    d. Unlawful contract

    ANSWER: B
    Q Damages which the contracting parties fix
    at the time of contract in case of breach 
    a. Unliquidated Damages 
    b. Liquidated Damages 
    c. Nominal Damages 
    d. None of the above 

    ANSWER: B
    Q To be a valid ‘tender’, it must be 
    a. For the whole obligation.
    b. For the necessary part of obligation.
    c. For at least 75% of the obligation.
    d. None of these.

    ANSWER: A
    Q A stands as a surety for the good conduct of B who is
    employed in a bank. B misappropriates some money but the
    bank excuses him without A of B’s misconduct. B again
    misappropriates. Is A liable to the bank?
    a. No
    b. Yes
    c. Not Sure

    ANSWER: A
    Q The damages awarded for breach of promise of
    marriage or wrongful dishonour of cheque is called as
    a. Nominal damages 
    b. Exemplary damages 
    c. Liquidated damages 
    d. Special damages 

    ANSWER: B
    Q A invites B for his son's wedding. B accepts the
    invitation. In this case, there is an agreement but no
    contract since
    a. There is no consideration.
    b. There is no intention to create legal relationship.
    c. There is no written document.
    d. There is no formal acceptance of the offer.

    ANSWER: B
    Q A appoints B as his agent, by way of a
    power of attorney. This is an example of
    1. Express contract.
    2. Implied contract.
    3. Tacit contract.
    4. Unlawful contract.

    ANSWER: A
    Q The term consensus ad-idem means
    a. General consensus
    b. Reaching an agreement
    c. Meeting of minds upon the same thing in the same sense
    d. All the above.

    ANSWER: C
    Q A contract, performance of which
    becomes impossible or unlawful becomes
    a. Void
    b. Voidable
    c. Neither becomes void nor voidable

    ANSWER: A
    Q A has 2 houses, one in Mumbai and other in Kolkatta. He has
    offered to sell one house to B. A thinks he is selling the house
    in Mumbai, whereas B is thinking it is the house in Kolkatta.
    a. Lawful Consideration
    b. Competency of parties
    c. Free Consent
    d. Consensus as idem

    ANSWER: D

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