Indian Contract Act - Practice Test

[#926] As regards third parties, the sub-agent can neither bind the principal nor the original agent

(A) For the acts of sub-agent, lawfully appointed

(B) The agent is not responsible to the principal

(C) The sub-agent is responsible to the principal directly

(D) The sub-agent is not responsible to the principal

Correct Answer

(B) The agent is not responsible to the principal

[#927] A promises to give Rs. 5,000 per month pocket money to his son B. If A does not give the pocket money

(A) B can sue his father

(B) B has no remedy against A

(C) B can accept a lower pocket money also

(D) B has to give Rs. 5,000 to his father

Correct Answer

(B) B has no remedy against A

[#928] The effect of novation, rescission and alteration of contract is provided under-

(A) Section 59 of the Indian Contract Act, 1872

(B) Section 24 of the Specific Relief Act, 1963

(C) Section 62 of the Indian Contract Act, 1872

(D) Section 73 of the Indian Contract Act, 1872

Correct Answer

(C) Section 62 of the Indian Contract Act, 1872

[#929] Whether a contract in which time for performance of an obligation is not specified is a valid contract?

(A) Contract will be void as there is no consensus ad idem as to the time for performance of the obligation vide Section 10 of the Indian Contract Act

(B) Even if time is not fixed, law will presume that the obligation has to be performed in a reasonable time as provided by Section 46 of the Indian Contract Act

(C) Even if no time period is provided by the contract for performance of an obligation, the contract is valid if it was recorded into a registered document

(D) Even if no time for performance is provided, it is a valid contract provided that the contract is a non-commercial contract only

Correct Answer

(B) Even if time is not fixed, law will presume that the obligation has to be performed in a reasonable time as provided by Section 46 of the Indian Contract Act

[#930] An executory consideration is:

(A) Past consideration

(B) Mutual exchange of promises, one being a consideration for other

(C) Present consideration

(D) Reciprocal promise

Correct Answer

(B) Mutual exchange of promises, one being a consideration for other

Indian Contract Act - Study Mode

[#926] As regards third parties, the sub-agent can neither bind the principal nor the original agent

Correct Answer

[#927] A promises to give Rs. 5,000 per month pocket money to his son B. If A does not give the pocket money

Correct Answer

[#928] The effect of novation, rescission and alteration of contract is provided under-

Correct Answer

[#929] Whether a contract in which time for performance of an obligation is not specified is a valid contract?

Correct Answer

[#930] An executory consideration is:

Correct Answer