Indian Contract Act - Study Mode
[#1071] Consider the following statements: In Bhagvandas Goverdhandas Kedia v. Girdharilal Parshottamdas and Co. it was laid down that 1. section 4 does not imply that the contract is made qua the proposer at one place and qua the acceptor at another place. 2. the communication of acceptance should be from a person who has the authority to accept. Information received from an unauthorized person is ineffective. Which of the statements given above is/are correct?
Correct Answer
(A) 1 only
[#1072] Contingent contracts to do or not to do anything, if an impossible event happens, are void, only if at the time of making of the agreement
Correct Answer
(C) The impossibility of the event is unascertained
[#1073] Consider the following statements: 1. There may be situations where only one party is bound to the terms of the contract. 2. In order to convert a proposal into a promise, the acceptance must be absolute and may be unqualified. 3. Death or insanity of the proposer is considered as good ground for revocation of proposal in all circumstances. Choose the correct option from below:
Correct Answer
(A) Only 1 is correct
[#1074] Under Section 182 of the Contract Act 1872, National Textile Corporation Ltd. is
Correct Answer
(C) Not an agent of the Central Government
[#1075] A sent his servant B to trace his lost nephew. When the servant had left 'A' announced a reward of Rs. 501 to anyone who traces the boy. B found the boy and brought him home. Then he came to know about the reward. Under Indian Contract Act, can he claim the reward?
Correct Answer
(C) No, because he did not know about the offer when he found the missing boy