Business Law

When the consent of a party is obtained by coercion,the contract is.

• Valid

• Void

• Voidable

• Illegal

The ' consent' means that the parties should have identity of mind i.e., they should agree on the same thing in the same sense, under English Law it is called

• Error in consensus

• Error in causa

• Consensus ad idem

• None of these

Which of the following elements do not affect the free consent of the parties ?

• Coercion

• Fraud

• Incompetency

• Mistake

Committing any act forbidden by the Indian Penal Code(i.e., Committing an offence ) with the intention of obtaining the consent to a contract, amounts to

• Fraud

• Misrepresentation

• Coercion

• Undue influence

A contract induced by coercion is voidable at the option of the party whose consent is obtained by coercion, it means that such party

• May put an end to the contract if he so chooses

• Must put end to the contract

• Must decide to be bound by the contract and claim damages

• Must put an end to the contract and remake if on new terms

A had two scooters one green and the other white, and offered to sell his green scooter to B for Rs. 10,000. B accepted the offer believing it to be for white. In this case, no contract. Arises between A and B as there is no

• Consensus ad idem

• Error in consensus

• Error in causa

• Both (a) and (b)

Where one party is in a position to dominate the will of another and uses his superior position to obtain the consent of a weaker party, the consent is said to be obtained by

• Coercion

• Duress

• Fraud

• Undue influence

The threatening act amounting to coercion

• Must be directed against the party to contract

• Must be directed against strange only

• Must be directed against both, the party and stranger

• May be directed against the party or against any person who is not a party

The fiduciary relationship

• Is considered coercive

• Raises the presumption of undue influence

• Does not raise the presumption of undue influence

• Raises the presumption of fraud being a employed

The term 'free consent' is defined in

• Section 12

• Section 13

• Section 14

• Section 15