Indian Contract Act - Study Mode

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[#1196] An agreement enforceable by law at the instance of one or more of the parties and not of other or others under Section 2(i) of the Indian Contract Act is called-

(A) A valid contract

(B) An illegal contract

(C) A void contract

(D) A voidable contract

Correct Answer

(D) A voidable contract

[#1197] Which one of the following statements with regard to factors vitiating consent is correct? (1) A person is deemed to be in a position to dominate the will of another where he stands in a fiduciary relation to the other (2) Where a person who is in a position to dominate the will of another enters into a contract with him, the burden of proving that such consent was not induced by undue influence would always be upon the person in a position to dominate the will of the other (3) Parents shall alwaysbe deemed to be in a position to dominate the will of their children (4) Presumption of undue influence would always arise when parties are nearly related to each other Select the correct answer using the given below:

(A) 1, 2 and 3

(B) 1 and 2

(C) 2 and 3

(D) 1 and 3

Correct Answer

(A) 1, 2 and 3

[#1198] An authority given to two or more persons is generally given

(A) Jointly

(B) Severally

(C) Jointly & severally

(D) Either A or B or C

Correct Answer

(A) Jointly

[#1199] After the expiry of time or accomplishment of purpose of bailment

(A) The bailee is to return the goods without demand

(B) The bailee is to return the goods only on demand

(C) The bailee is to pay the money equivalent

(D) The bailee is to pay the equivalent in other commodity

Correct Answer

(A) The bailee is to return the goods without demand

[#1200] An agent can be appointed by:

(A) A minor of sound mind

(B) A major of sound mind

(C) Any person of sound mind

(D) Any major of sound or unsound mind

Correct Answer

(B) A major of sound mind