Indian Contract Act - Practice Test

[#446] Which of the following Sections of the Indian Contract Act, 1872 defines 'Consideration'?

(A) Section 2(a)

(B) Section 2(b)

(C) Section 2(c)

(D) Section 2(d)

Correct Answer

(D) Section 2(d)

[#447] B is A's daughter. A and B enter into a contract. A has private information of a change in price which would affect B's willingness to proceed with the contract. A did not give this information to B. State whether the contract

(A) Is void but not illegal

(B) Is valid

(C) Is voidable at the option of B

(D) Is void because of being illegal

Correct Answer

(D) Is void because of being illegal

[#448] Match the items of List I with the items of List II and choose the correct answer from the given below. List I (Section of Indian Contract Act 1872) List II (Definition) a. Section 2(f) 1. Proposal b. Section 2(e) 2. Promisor and Promisee c. Section 2(a) 3. Reciprocal Promises d. Section 2(c) 4. Agreement

(A) a-1, b-3, c-2, d-4

(B) a-3, b-4, c-2, d-1

(C) a-3, b-4, c-1, d-2

(D) a-4, b-2, c-3, d-1

Correct Answer

(C) a-3, b-4, c-1, d-2

[#449] Section 73 of the Contract Act applies to contract

(A) For sale of moveable properties

(B) For sale of immoveable properties

(C) Both A and B

(D) None of the above

Correct Answer

(C) Both A and B

[#450] Point out the incorrect statement:

(A) A party who rightfully rescinds a contract is entitled to compensation for his damages

(B) Where a person gives any bond for the performance of any act in which the public is interested, he shall be liable upon its breach, to pay the whole sum mentioned therein

(C) A party to the contract complaining of the breach is not entitled to receive any compensation from the other party, if no actual damage or loss is proved to have been caused thereby

(D) The rule of compensation for loss or damages caused due to the breach of a contract contained in Section 73 of the Contract Act, does not apply to void agreements

Correct Answer

(C) A party to the contract complaining of the breach is not entitled to receive any compensation from the other party, if no actual damage or loss is proved to have been caused thereby

Indian Contract Act - Study Mode

[#446] Which of the following Sections of the Indian Contract Act, 1872 defines 'Consideration'?

Correct Answer

[#447] B is A's daughter. A and B enter into a contract. A has private information of a change in price which would affect B's willingness to proceed with the contract. A did not give this information to B. State whether the contract

Correct Answer

Correct Answer

[#449] Section 73 of the Contract Act applies to contract

Correct Answer

[#450] Point out the incorrect statement:

Correct Answer