Indian Contract Act - Practice Test

[#411] An acceptance on telephone should be

(A) Audible to the offeror

(B) Heard by the offeror

(C) Understood by the offeror

(D) All the above

Correct Answer

(D) All the above

[#412] Consider the following statements with regard to law of contract: 1. Presence of consideration is essential but the same should be adequate. 2. Inadequacy of consideration may be considered as evidence for the presence of undue influence. Which of the statements given above is/are correct?

(A) 1 only

(B) 2 only

(C) Both 1 and 2

(D) Neither 1 nor 2

Correct Answer

(B) 2 only

[#413] State of West Bengal v. B. K. Mondal & Sons, AIR 1962 SC 779 is an interpretation of which section of Indian Contract Act:

(A) 69

(B) 70

(C) 71

(D) 72

Correct Answer

(B) 70

[#414] The doctrine of privity of contract means that:

(A) A contract is a private affair between the parties

(B) Consideration can be supplied only by the parties to contract

(C) The contract can be enforced only by a civil and private action

(D) Only parties to contract can sue and be sued upon the contract

Correct Answer

(D) Only parties to contract can sue and be sued upon the contract

[#415] Which of the following statements is correct?

(A) Contract with minor is valid

(B) Rule of estoppel apply to minor

(C) Contract with minor can be ratified on attaining majority

(D) A minor can be agent

(E) The liability of master and servant is something joint and sometimes several depending on circumstances

(F) The liability of master and servant is joint and several

(G) The liability of master and servant is joint

(H) The liability of master and servant is several

Correct Answer

(D) A minor can be agent
(F) The liability of master and servant is joint and several

Indian Contract Act - Study Mode

[#411] An acceptance on telephone should be

Correct Answer

[#412] Consider the following statements with regard to law of contract: 1. Presence of consideration is essential but the same should be adequate. 2. Inadequacy of consideration may be considered as evidence for the presence of undue influence. Which of the statements given above is/are correct?

Correct Answer

[#413] State of West Bengal v. B. K. Mondal & Sons, AIR 1962 SC 779 is an interpretation of which section of Indian Contract Act:

Correct Answer

[#414] The doctrine of privity of contract means that:

Correct Answer

[#415] Which of the following statements is correct?

Correct Answer