Indian Contract Act - Study Mode

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[#951] Two parties entered into a contract. They later realised that the law as they understood as applicable was not in force in India, this makes their contract:-

(A) Illegal

(B) Void

(C) Voidable

(D) None of the above

Correct Answer

(B) Void

[#952] Which one of the following Sections of Indian Contract Act provides for the liability for necessary supplied to persons incompetent to contract?

(A) Section 11

(B) Section 68

(C) Section 69

(D) Section 25(1)

Correct Answer

(B) Section 68

[#953] An agreement in restraint of marriage under section 26 is

(A) Void

(B) Voidable

(C) valid

(D) Unenforceable

Correct Answer

(A) Void

[#954] A, a jewellery wholesaler, leaves some jewellery at B's jewellery shop by mistake. B treats the jewellery as his own. Which one of the following remedies is available to A?

(A) A is entitled to the same jewellery from B

(B) B is entitled to hire charges

(C) B is bound to pay A for them

(D) A is to forgo his claim over jewellery

Correct Answer

(C) B is bound to pay A for them

[#955] Consider the following statements: Consent obtained by mistake renders an agreement void if it is: 1. regarding value of the subject matter of the contract. 2. a mistake of fact by both the parties to the contract. 3. a mistake of law in force in India. 4. a mistake of foreign law by one party to the contract. Which of the statements given above is/are correct?

(A) 1, 3 and 4

(B) 2 only

(C) 1 and 4 only

(D) 2 and 3

Correct Answer

(B) 2 only