Indian Contract Act - Practice Test

[#476] Surety is a person

(A) In respect of whose default the guarantee is given

(B) Who gives the guarantee

(C) To whom the guarantee is given

(D) None of the above

Correct Answer

(B) Who gives the guarantee

[#477] Which one of the following pairs is correctly matched?

(A) In India, Consideration must follow - from Promisee only

(B) In India, Consideration must follow - from only Promisor or only Promisee

(C) In India Consideration must follow - from Promisor or any other person

(D) In India Consideration must follow - Promisee or any other person

(E) Section 55: Frustration of contract

(F) Section 56: Agreement in restraint of marriage

(G) Section 16: Consent by coercion

(H) Section 29: Agreements void for uncertainty

Correct Answer

(D) In India Consideration must follow - Promisee or any other person
(H) Section 29: Agreements void for uncertainty

[#478] Which one of the following statements is correct? The communication of acceptance is complete as against the proposer as soon as:

(A) Acceptor writes letter of acceptance

(B) Acceptor posts the letter of acceptance

(C) The proposer receives the letter of acceptance

(D) The proposer reads the letter of acceptance

Correct Answer

(B) Acceptor posts the letter of acceptance

[#479] By a contract there are two sets of promises, with one set of promises being legal, and other set of promises being illegal. In view of the statement, which one of the following is correct?

(A) There can be such a contract vide Section 23 of the Indian Contract Act

(B) There can be such a contract, but the contract will only be for the legal set and not for the illegal set of promises vide Sections 57 and 58 of the Indian Contract Act

(C) The contract as a whole will be enforceable at the option of the buyer and not the seller

(D) There can be a contract of two set of promises, with one set of promises being legal and the other set of promises being illegal, provided both the set of promises are a commercial contract and the monetary value of the illegal set of promises is reduced from the value of the legal set of promises, and enforcement is only for the net value

Correct Answer

(B) There can be such a contract, but the contract will only be for the legal set and not for the illegal set of promises vide Sections 57 and 58 of the Indian Contract Act

[#480] Agreement restraining legal proceeding is void only if restraint is . . . . .

(A) Partial

(B) Absolute

(C) Written

(D) None of these

Correct Answer

(B) Absolute

Indian Contract Act - Study Mode

[#476] Surety is a person

Correct Answer

[#477] Which one of the following pairs is correctly matched?

Correct Answer

[#478] Which one of the following statements is correct? The communication of acceptance is complete as against the proposer as soon as:

Correct Answer

[#479] By a contract there are two sets of promises, with one set of promises being legal, and other set of promises being illegal. In view of the statement, which one of the following is correct?

Correct Answer

[#480] Agreement restraining legal proceeding is void only if restraint is . . . . .

Correct Answer