Indian Contract Act - Practice Test

[#371] Which of the following is correct?

(A) Past consideration is no consideration

(B) Consideration can be past, present or future

(C) Consideration can only be present

(D) Consideration can only be future

(E) Pledge made by a person having a limited interest is valid to the extent of that interest

(F) Pledge made by a person under voidable contract is valid

(G) Pledge made by a mercantile agent is valid

(H) Goods may be pledged by the servant in the absence of owner

Correct Answer

(B) Consideration can be past, present or future
(G) Pledge made by a mercantile agent is valid

[#372] 'Bailor' is a person

(A) Who delivers the goods

(B) To whom the goods are delivered

(C) Through whom the goods are delivered

(D) Who carries the goods

Correct Answer

(A) Who delivers the goods

[#373] Crossword competition is

(A) Wagering agreement

(B) Contingent contract

(C) Illegal agreement

(D) Valid agreement

Correct Answer

(B) Contingent contract

[#374] In case of anticipatory breach of contract, an aggrieved party

(A) Has the right to claim performance at any time

(B) Cannot claim any remedy as performance is still executory

(C) May wait till the date of performance

(D) Does not have the right to terminate the contract

Correct Answer

(A) Has the right to claim performance at any time

[#375] Rescission of the Contract means

(A) The renewal of original contract

(B) Cancellation of contract

(C) Alteration of contract

(D) Substitution of new contract in place of earlier one

Correct Answer

(B) Cancellation of contract

Indian Contract Act - Study Mode

[#371] Which of the following is correct?

Correct Answer

[#372] 'Bailor' is a person

Correct Answer

[#373] Crossword competition is

Correct Answer

[#374] In case of anticipatory breach of contract, an aggrieved party

Correct Answer

[#375] Rescission of the Contract means

Correct Answer