Indian Contract Act - Practice Test

[#421] Almost all insurances other than insurances are contracts of indemnity

(A) Life & personal accident

(B) Marine & general

(C) Fire & life

(D) None of the above

Correct Answer

(A) Life & personal accident

[#422] Who can demand performance of the promise:

(A) Promisee

(B) Promisor

(C) Stranger

(D) All of these

Correct Answer

(A) Promisee

[#423] Which of the following agreement(s) is/are void?
1. Agreement without consideration. 2. Agreement in restraint of legal proceedings. 3. Agreement affected by fraud. Select the correct answer using the given below:

(A) 3 only

(B) 2 only

(C) 1, 2 and 3

(D) 1 and 2

Correct Answer

(D) 1 and 2

[#424] X enters into a contract with Y, for which Y is guilty of fraud. X can:

(A) Set aside the contract but cannot recover damages

(B) Only recover damages

(C) Set aside the contract and can recover damages also

(D) None of the above

Correct Answer

(C) Set aside the contract and can recover damages also

[#425] As per the Last shot doctrine:

(A) Where conflicting communications are exchanged, each is a counter-offer, so that if a contract results at all, it must be on the terms of the final document in the series leading to the conclusion of the contract

(B) Where conflicting communications are exchanged, each is an offer, so that if there has to be an acceptance of the offer, it will be of the last offer in the series of offers

(C) Where conflicting communication are exchanged, each is an acceptance, so that if there is an acceptance leading to the formation of the contract, it will be the last acceptance in the series

(D) None of the above

Correct Answer

(A) Where conflicting communications are exchanged, each is a counter-offer, so that if a contract results at all, it must be on the terms of the final document in the series leading to the conclusion of the contract

Indian Contract Act - Study Mode

[#421] Almost all insurances other than insurances are contracts of indemnity

Correct Answer

[#422] Who can demand performance of the promise:

Correct Answer

[#423] Which of the following agreement(s) is/are void? 1. Agreement without consideration. 2. Agreement in restraint of legal proceedings. 3. Agreement affected by fraud. Select the correct answer using the given below:

Correct Answer

[#424] X enters into a contract with Y, for which Y is guilty of fraud. X can:

Correct Answer

[#425] As per the Last shot doctrine:

Correct Answer

[#423] Which of the following agreement(s) is/are void?
1. Agreement without consideration. 2. Agreement in restraint of legal proceedings. 3. Agreement affected by fraud. Select the correct answer using the given below: