Indian Contract Act - Practice Test

[#286] Which one of the following facts constitutes a Contingent Contract?

(A) A contracts to pay B Rs. 10,000 if B's house is burnt

(B) Where a salt lake was offered by way of lease on deposit of a sum of money within a specified period

(C) Acceptance of a tender for up to 1000 tons of coal to be supplied as and when any order is placed during the financial year

(D) When a bank offers a locker to its customer subject to the condition that the customer makes a fixed deposit of rupees one lac with the bank before the end of the month

Correct Answer

(A) A contracts to pay B Rs. 10,000 if B's house is burnt

[#287] An agreement which is enforceable by law at the option of one or more of the parties thereto, but not at the option of the other or others, is a

(A) Valid contract

(B) Unenforceable contract

(C) Voidable contract

(D) Quasi contract

Correct Answer

(C) Voidable contract

[#288] When the consent of a party to a contract is caused by coercion, the contract is:

(A) Voidable at the option of the party whose consent is so caused

(B) Voidable at the option of either party

(C) Void

(D) Illegal

Correct Answer

(A) Voidable at the option of the party whose consent is so caused

[#289] Drawing cash form ATM, sale by fall of hammer at an auction sale, etc., are example of

(A) Express Contract

(B) Implied Contract

(C) Tacit Contract

(D) Unlawful Contract

Correct Answer

(C) Tacit Contract

[#290] Under Indian Contract Act, where both parties are under mistake as to matter of fact, the agreement is

(A) Void

(B) Valid

(C) Voidable

(D) Illegal

Correct Answer

(A) Void

Indian Contract Act - Study Mode

[#286] Which one of the following facts constitutes a Contingent Contract?

Correct Answer

[#287] An agreement which is enforceable by law at the option of one or more of the parties thereto, but not at the option of the other or others, is a

Correct Answer

[#288] When the consent of a party to a contract is caused by coercion, the contract is:

Correct Answer

[#289] Drawing cash form ATM, sale by fall of hammer at an auction sale, etc., are example of

Correct Answer

[#290] Under Indian Contract Act, where both parties are under mistake as to matter of fact, the agreement is

Correct Answer