Indian Contract Act - Study Mode
[#651] In India, the express provisions of the Contract Act applies to
Correct Answer
(D) All of the above
[#652] Assertion (A): Collateral transactions to wagering are void. Reason (R): Only wagering agreements are declared void under section 30 of the Indian Contract Act.
Correct Answer
(D) Both (A) and (R) are true, and (R) is correct explanation of (A)
[#653] In which of the following cases, the Supreme Court held that, in a case of breach of contract, the proof of loss not necessary when genuine pre-estimated loss is stipulated in contract
Correct Answer
(B) ONGC Ltd. v. Saw Pipes Ltd., Supreme Court, 2003
[#654] Consider the following statements: 1. A contract with a minor is void, however, a minor can after attaining majority ratify an agreement made by him during his minority. 2. Minor is not liable for the wrongful act when the cause of action in substance is ex contractu. Choose the correct option from below:
Correct Answer
(D) Only 2 is correct
[#655] A tells B, "I offer to sell you my horse for an amount between Rs. 10,000 and Rs. 12,000". Which of the following is correct about the offer? It is
Correct Answer
(B) Not a valid offer because it is uncertain