Indian Contract Act - Practice Test

(A) Mistake of one of the parties

(B) Mistake of law

(C) Mistake of a foreign law

(D) Mistake of fact by both the parties

(D) Mistake of fact by both the parties

(A) Liquidated damages

(B) Penal damages

(C) Special damages

(D) General damages

(A) Liquidated damages

(A) Alteration

(B) Repudiation

(C) Rescission

(D) Novation

(A) Alteration

(A) An agreement is void unless it is duly supported by adequate consideration

(B) In a valid contract, there can be an oral promise to compensate a person who has already voluntarily done something for the promisor

(C) Under Indian Law, consideration need not move at the desire of the promisor

(D) Indian Law does not recognize past consideration

(B) In a valid contract, there can be an oral promise to compensate a person who has already voluntarily done something for the promisor

(A) Either A or B or C to pay him 3,000 rupees

(B) Either A or B to pay him 3,000 rupees

(C) Either B or C to pay him 3,000 rupees

(D) All to pay him 3,000 rupees simultaneously

(A) Either A or B or C to pay him 3,000 rupees

Indian Contract Act - Study Mode