Indian Contract Act Quiz

As per Section 2(h) of the Indian Contract Act, a contract is:

• A promise enforceable by law

• An agreement enforceable by law

• A lawful promise

• A lawful act

• A lawful fact

What is a quasi-contract primarily intended to prevent?

• Unjust enrichment

• Breach of contract

• Violation of public policy

• Failure of consideration

• consideration

Clayton's Rule relates to:

• Priority of payments among multiple debts

• Revocation of offers

• Formation of agency

• Determination of consideration

• Consideration

Under Section 69, the person making a lawful payment for another is entitled to:

• A refund

• Reimbursement

• Compensation

• Indemnity

• Lost

The liability of a guarantor under Section 128 is:

• Primary

• Co-extensive with that of the principal debtor

• Independent

• Collateral

• Mortgage

What is the primary element of a valid contract?

• Free consent

• Consideration

• Legal enforceability

• All of the above

• Compensation

What distinguishes a void contract from a voidable one?

• Enforceability

• Legal object

• Time limit for revocation

• Indemnity

• Compensation

What is required for the formation of a valid contract?

• Mutual consent

• Lawful consideration

• Competent parties

• All of the above

• Only one party

As per Section 5, an acceptance can be revoked:

• After communication to the offeror

• Before communication to the offeror

• Only by the offeror

• Any time after agreement

• On agreement

Under Section 6, an offer can be revoked by:

• Notice

• Lapse of time

• Death of offeror

• All of the above

• Time Lapse