Indian Contract Act - Study Mode
[#1116] Deed of cancellation of contract amounts to rescission of contract and any rescission must be only bilateral. This contention was held in case of
Correct Answer
(A) E. R. Kalaiban v. I. G. of Registration Chennai, AIR 2010 Mad 18
[#1117] Compromise of dispute claims
Correct Answer
(D) Is a good consideration for a contract
[#1118] Which of the following statement/s is/are correct? Consideration is: 1. A price for any promise. 2. Only a moral obligation. 3. A motive for any promise. 4. Something of value in the eye of law.
Correct Answer
(B) (1) and (4) are correct
[#1119] A, a married woman, agreed to live in adultery with B and also agreed to serve him as his house keeper. In return, B agreed to pay A Rs. 500 per month for living in adultery and Rs. 500 per month for house keeping. The agreement is
Correct Answer
(C) Void as to the first object but valid with respect to the second object
[#1120] A contingent contract dependent on the happening of uncertain event in the future can be enforced when the event
Correct Answer
(A) Happens