Indian Contract Act - Practice Test

[#276] An offer was sent by post, the acceptor wrote 'accepted' on the letter, put it in his drawer and forgot about it. The transaction is a

(A) Valid contract

(B) A voidable contract

(C) A void contract

(D) No agreement as the acceptance was never communicated to the proposer

Correct Answer

(D) No agreement as the acceptance was never communicated to the proposer

[#277] Indian Contract Act:- Inadequacy of consideration is relevant in determining the question of-

(A) Fraud

(B) Misrepresentation

(C) Undue influence

(D) Free consent

Correct Answer

(D) Free consent

[#278] Earnest money is the sum of money deposited for the performance of the contract, so which is not correct

(A) It is not a part of purchase price

(B) It is given at the time of conclusion of the contract

(C) It can be given at any time

(D) It is a guarantee of due performance of the contract

Correct Answer

(D) It is a guarantee of due performance of the contract

[#279] The two main competing definitions of contract in the common law are:

(A) "Contract is a promise or set of promises which the law will enforce" and "Contract is an agreement giving rise to obligations which are enforced or recognized by law"

(B) "Contract is a civil obligation" and "Contract is a transaction supported by legal intention"

(C) "Contract is a negotiation enforceable by law" and "Contract is a bundle of voluntary rights"

(D) None of the above

Correct Answer

(A) "Contract is a promise or set of promises which the law will enforce" and "Contract is an agreement giving rise to obligations which are enforced or recognized by law"

[#280] A is a tenant of B. A is interested in payment of property tax which B is bound by law to pay. A pays the tax on behalf of owner B because B was not willing to pay it. A is:

(A) Entitled to be reimbursed by B

(B) Not entitled to be reimbursed by B

(C) Entitled to demand an equal contribution from B

(D) Entitled to sell B's property

Correct Answer

(A) Entitled to be reimbursed by B

Indian Contract Act - Study Mode

[#276] An offer was sent by post, the acceptor wrote 'accepted' on the letter, put it in his drawer and forgot about it. The transaction is a

Correct Answer

[#277] Indian Contract Act:- Inadequacy of consideration is relevant in determining the question of-

Correct Answer

[#278] Earnest money is the sum of money deposited for the performance of the contract, so which is not correct

Correct Answer

[#279] The two main competing definitions of contract in the common law are:

Correct Answer

[#280] A is a tenant of B. A is interested in payment of property tax which B is bound by law to pay. A pays the tax on behalf of owner B because B was not willing to pay it. A is:

Correct Answer