Indian Contract Act - Practice Test

[#291] When a minor is supplied with necessaries of life, the supplier:

(A) Cannot recover the price

(B) Can recover the price

(C) Can recover the price from the property of minor

(D) Can file a criminal case

Correct Answer

(C) Can recover the price from the property of minor

[#292] A', a businessman, leaves goods at 'B's house by mistake. 'B' treats the goods as his. Is 'B' liable to pay?

(A) No, 'B' is not liable to pay

(B) Yes, 'B' is liable to pay

(C) B' has an option to pay

(D) B' may partly pay

Correct Answer

(B) Yes, 'B' is liable to pay

[#293] Under the Indian Contract Act, 1872, in which of the following cases, the presumption of agents personal liability does not arise?

(A) Where an agent contracts for "a merchant resident abroad"

(B) Where the agent does not disclose the name of his principal

(C) Where the principal, though disclosed, cannot be sued

(D) Where the agent contracts with a party who knows that the principal is a minor

Correct Answer

(D) Where the agent contracts with a party who knows that the principal is a minor

[#294] What is contract of indemnity:

(A) A contract by which one party promises to save any third party from loss caused to that party by the contract of the promisor himself, or by the conduct of any other person

(B) A contract by which one party promises to provide insurance to the other in order to cover up any losses that may arise in the contract

(C) A contract by which one party promises to save the other from loss caused to him by the contract of the promisor himself, or by the conduct of any other person

(D) A contract in which one party appoints a guarantor to cover up any losses that may arise in the contract

Correct Answer

(C) A contract by which one party promises to save the other from loss caused to him by the contract of the promisor himself, or by the conduct of any other person

[#295] Consider the following statements with regard to "uberrimae feidei" and find out which of them is correct. 1. It falls within a class of cases which require utmost good faith 2. Every contract is a contract uberrimae feidei 3. A contract of insurance is an example of uberrimae feidei

(A) 1, 2 and 3

(B) 1 and 3 only

(C) 2 and 3 only

(D) 1 and 2 only

Correct Answer

(B) 1 and 3 only

Indian Contract Act - Study Mode

[#291] When a minor is supplied with necessaries of life, the supplier:

Correct Answer

[#292] A', a businessman, leaves goods at 'B's house by mistake. 'B' treats the goods as his. Is 'B' liable to pay?

Correct Answer

[#293] Under the Indian Contract Act, 1872, in which of the following cases, the presumption of agents personal liability does not arise?

Correct Answer

[#294] What is contract of indemnity:

Correct Answer

[#295] Consider the following statements with regard to "uberrimae feidei" and find out which of them is correct. 1. It falls within a class of cases which require utmost good faith 2. Every contract is a contract uberrimae feidei 3. A contract of insurance is an example of uberrimae feidei

Correct Answer