Indian Contract Act - Study Mode

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[#1156] Bailment involves

(A) Change of custody

(B) Change of possession

(C) Change of custody and possession both

(D) Neither change of custody nor possession

Correct Answer

(B) Change of possession

[#1157] Indian Contract Act:- Two parties entered into contract. They later realized that there was a mistake in their understanding of law as applicable in India. This make their contract

(A) Non est

(B) Void

(C) Voidable

(D) Not Voidable

Correct Answer

(D) Not Voidable

[#1158] Which of the following statements are correct? (1) A minor fraudulently misrepresenting his age is not stopped from denying the truth of his statement. (2) A minor fraudulently misrepresenting his age is stopped from denying the truth of his statement. (3) Estoppel does not operate to render a statute ineffective and so minor's agreement is always void. Choose the correct answer from the given below:

(A) (2) and (3)

(B) (1) and (3)

(C) (1) and (2)

(D) (1), (2) and (3)

Correct Answer

(B) (1) and (3)

[#1159] While determining damages for breach of contract, which of the following are taken into account?

(A) Motive

(B) Indirect loss

(C) Means or remedying the inconvenience caused by non-performance

(D) All of these

Correct Answer

(C) Means or remedying the inconvenience caused by non-performance

[#1160] An acceptance containing additions, limitations or other modifications shall amount to

(A) Rejection of the offer

(B) A valid acceptance

(C) A counter offer

(D) Both A and C

Correct Answer

(D) Both A and C