Indian Contract Act - Study Mode

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[#1121] A' contracts to sell and deliver 500 bales of cotton to 'B' on a fixed day. 'A' knows nothing of B's mode of conducting his business. 'A' breaks his promise and 'B', having no cotton is obliged to close his mill. Is 'A' responsible for the loss caused to 'B' by the closing of Mill?

(A) Yes

(B) No

(C) To the extent of the loss caused

(D) None of these

Correct Answer

(B) No

[#1122] An agreement to do an act impossible' is provided in the Indian Contract Act under

(A) Section 39

(B) Section 50

(C) Section 56

(D) Section 55

Correct Answer

(C) Section 56

[#1123] Every agreement, of which the object or consideration is unlawful, is

(A) Void

(B) Voidable

(C) Illegal

(D) Unfair

Correct Answer

(A) Void

[#1124] Agreement to do an impossible act is:

(A) Voidable at the option of the promisor

(B) Void

(C) Valid

(D) Voidable at the option of the promise

Correct Answer

(B) Void

[#1125] Which of the following are the duties of a bailee? 1. Duty to take reasonable care of goods 2. Duty not to make unauthorised use of goods 3. Duty not to mix his own goods with the goods bailed 4. Duty to compensate when goods is damaged despite of the care of the bailee

(A) 2, 3 and 4

(B) 1, 2 and 3

(C) 3 and 4

(D) 1 and 2

Correct Answer

(B) 1, 2 and 3