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WorksheetsLAW OF CONTRACTS
Total questions: 10
Worksheet time: 4mins
The codified law for the law of Contract in India is
Indian Contract Act,1872
Indian Contract Act,1973
Indian Contract Act,1992
Indian Contract Act, 1901
A void contract is a contract which
Is not enforceable by law
Does not have reasonable terms
Declared void by the Indian contract act
Both (a) and (c)
The correct sequence in the formation of a contract is :
Offer, acceptance, agreement, consideration.
Agreement, consideration, offer,acceptance.
Offer , Consideration, acceptance, agreement.
Offer, acceptance, consideration, agreement.
Over a cup of coffee in a restaurant, X Invites Y to dinner at his house on a Sunday. Y hires a taxi and reaches X’s house at the appointed time , but x fails to perform his promise. Can Y recover any damages from X?
Yes, as y has suffered damages
No, as the intention was not to create legal relation.
Either (a) or (b)
None of these.
A patient in a lunatic Asylum who is at intervals of sound mind :
May not contract.
May contract.
May contact during those intervals when he is of sound mind.
May contract only after he becomes completely of sound mind .
“ Consensus – ad – idem” means ………
General Consensus
Meeting of minds upon the same thing in the same sense
Reaching an agreement
Reaching of contract
A intending to deceive B falsely represents that 500 mounds of Indigo are made annual at A's factory and thereby induces B to buy the factory. The contract is :
Voidable at the option of B.
Voidable at the option of A.
Valid.
Void .
Contract is defined as an agreement enforceable by law, vide Section … of the Indian Contract Act.
Section 2(e)
Section 2(f)
Section 2(h)
Section 2(i)
A promise to give money or money’s worth upon the determination or ascertainment of an uncertain event is called …………..
Wagering Agreement
Unlawful Agreement
Illegal Agreement
Voidable Agreement
All illegal agreements are ………….
Void- ab- initio
Valid
Contingent
Enforceable
