Indian Contract Act - Study Mode

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[#451] Which of the following is not an essential of a contract of guarantee

(A) Concurrence of three parties

(B) Surety's distinct promise to be answerable

(C) Liabilities to be legally enforceable

(D) Existence of only one contract

Correct Answer

(D) Existence of only one contract

[#452] A person is deemed to be in a position to dominate the will of another by undue influence if the mental capacity is affected temporarily or permanently by

(A) Reason of age

(B) Reason of illness

(C) Mental or bodily distress

(D) All the above

Correct Answer

(D) All the above

[#453] Match List-I with List-II and select the correct answer using the given below the lists: List-I List-II a. Doctrine of frustration 1. Taylor v. Caldwell b. Special damages 2. Hochester v. Dela Tour c. Anticipatory breach of contract 3. Tinn v. Hoffman & Co. d. Cross-offer 4. Hadley v. Baxendale

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

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

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

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

Correct Answer

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

[#454] Indian Contract Act:- A 'contract of insurance' is a contract of-

(A) Guarantee

(B) Bailment

(C) Agency

(D) Indemnity

Correct Answer

(D) Indemnity

[#455] Arrange the sequence of the following concepts in which they appear in a contract, using the given below: 1. Communication of acceptance 2. Deceit 3. Invitation to Offer 4. Damages

(A) 3, 2, 1, 4

(B) 3, 4, 2, 1

(C) 3, 1, 2, 4

(D) 1, 2, 3, 4

Correct Answer

(C) 3, 1, 2, 4