Indian Contract Act Quiz

An agreement consists of reciprocal promises between at least

• Four parties

• Six parties

• Three parties

• Two parties

In India, the express provisions of the Contract Act apply to

• Hindus

• Mohammedan

• Business man

• All of the above

Every promise and every set of promise forming the consideration for each other is a/an

• Contract

• Agreement

• Offer

• Acceptance

An agreement enforceable by law is

• Contract

• Agreement

• Offer

• Acceptance

Indian Contract Act 1872 section 1-75 came into force on _______

• 1 Sep, 1872

• 1 Oct, 1872

• 1 Nov, 1872

• 1 Dec, 1872

What is the minimum age required for a person to enter into a contract under the Indian Contract Act, 1872?

• 16 years

• 18 years

• 21 years

• 25 years

In a contract, what does 'consideration' mean as per the Indian Contract Act, 1872?

• The price paid for goods or services

• The legal capacity of the parties

• The offer and acceptance

• The intention to create legal relations

A promises to deliver his watch to B and, in return, B promises to pay a sum of Rs 2,000. This is a/an

• Agreement

• Proposal

• Acceptance

• Offer

Who among the following does not come under Capacity of Parties to Contract?

• Age of majority

• Sound Mind

• Not disqualified by Law

• A Minor

A Contract without free consent is _________ Contract

• Void Contract

• Valid Contract

• Voidable Contract

• Unlawful Contract