wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Recall Indian Contract Act 1872

Total questions: 100

Worksheet time: 55mins

Name
Class
Date
1.

Which of the following is not an essential element of a valid contract?

a)

Offer and acceptance

b)

Free consent and consideration

c)

Lawful object

d)

Performance

2.

Where both the parties to an agreement are under mistake as to a matter of fact, which is essential to the agreement, the agreement is:

a)

Valid

b)

Voidable

c)

Illegal

d)

Void

3.

Who among the following is not disqualified by law to enter into a contract? (1) A Major Person (2) A Lunatic (3) Insolvent person (4) Diplomatic Staff of foreign state

a)

2 & 3

b)

3 & 4

c)

1 & 4

d)

1 & 2

4.

How can an acceptance to an offer be made?

a)

Written words

b)

Spoken words

c)

Conduct

d)

All of these

5.

Which essential of valid offer is missing in the example- A says to B "I will sell you a car"?

a)

Offer may be express

b)

The terms of an offer must be clear

c)

The offer must be communicated to offeree

d)

An offer must be made with an intention to create legal obligations

6.

A promise to give Rs.5000 per month pocket money to son B. If A doesnot give the pocket money ___________

a)

B can sue his father

b)

B has no remedy against A

c)

B can accept a lower pocket money also

d)

B has to give Rs 5000 to his father

7.

The law of contract in India is contained in

a)

Indian Contract Act 1871

b)

Indian Contract Act 1872

c)

Indian Contract Act 1873

d)

Indian Contract Act 1874

8.

Contract= agreement+ (a)  

9.

An agreement not enforceable by law is

a)

Valid Agreement

b)

Void Agreement

c)

Voidable Agreement

d)

Illegal Agreement

10.

Which of the following is not an essential element of a valid contract?

a)

Offer and acceptance

b)

Free consent and consideration

c)

Lawful object

d)

Performance

11.

What is consensus ad idem?

a)

identity of subject

b)

price

c)

identity of minds

d)

agreement

12.

mark which statement is true?

a)

all agreements are contracts

b)

all contracts are agreements

c)

all agreements are legal

d)

all agreements are not illegal

13.

when a contract is made expressed ,it includes

a)

written agreement

b)

spoken agreement

c)

both

d)

either written or spoken

14.

what is void ab initio

a)

void

b)

voidable

c)

void from very beginning

d)

can be made valid

15.

Below are the elements to form a valid contract EXCEPT:-

a)

Capacity

b)

Consideration

c)

Invitation to Treat

d)

Offer

16.

Which one is NOT invitation to treat?

a)
b)
c)
d)
17.

Does offer can be revoked?

(a)  

18.

Does silent is amount to an acceptance?

a)

Yes

b)

No

c)

Maybe

19.

Which of the following is not a required element of a contract.

a)

Mutual Assent

b)

Offer and Acceptance

c)

Consideration

d)

Cash Value Exchange

20.

A contract between two parties for illegal activities is not valid.

a)

True

b)

False

21.

What is executed Consideration?

a)

An act or promise that will be done in future

b)

An act which has been done to fulfill the contract

c)

Something wholly performed before the promise was

made.

d)

a promise in return for counter promise

22.

Please choose 3 types of consideration?

a)

Executed Consideration

b)

Past Consideration

c)

Executory Consideration

d)

Future Consideration

23.

A contract will still be a valid contract if it is

a)

Opposed to public policy

b)

In restraint of marriage

c)

In restraint of Trade

d)

Without adequate consideration

24.

The codified law for the law of Contract in India is

a)

Indian Contract Act,1872

b)

Indian Contract Act,1973

c)

Indian Contract Act,1992

d)

Indian Contract Act,1901

25.

The consent given will be considered to be valid consent if there is

a)

Coercion

b)

Undue influence

c)

Free consent

d)

Misrepresentation

26.

Moral Pressure is involved in the case of _________.

a)

Misrepresentation

b)

Coercion

c)

Undue Influence

d)

Fraud

27.

Which of the following is not an essential element of a valid contract?

a)

Offer and acceptance

b)

Free consent and consideration

c)

Lawful object

d)

Performance

28.

What is the essential component of a consideration?

a)

Move at the desire of the promisor

b)

Must be real

c)

Must be lawful

d)

All of these

29.

Where both the parties to an agreement are under mistake as to a matter of fact, which is essential to the agreement, the agreement is:

a)

Valid

b)

Voidable

c)

Illegal

d)

Void

30.

Identical offers made by two parties to each other, in ignorance of each other’s offer are known as

a)

Counter offer

b)

Cross-offers

c)

Standing offer

d)

None of the above

31.

Moral Pressure is involved in the case of _________.

a)

Misrepresentation

b)

Coercion

c)

Undue Influence

d)

Fraud

32.

Agreement consists of reciprocal promises between at least _________

a)

three parties

b)

six parties

c)

four parties

d)

two parties

33.

What type of contract is illustrated in the example, when contract is classified on the basis of formation - the finder of lost goods, to find out the owner and return the goods?

a)

Quantum Meruit

b)

Quasi Contract

c)

Nudum Pactum

d)

Consensus ad idem

34.

Goods displayed in a shop with a price tag is an ______

a)

Offer

b)

Invitation to an offer

c)

counter offer

d)

none of these

35.

How can an acceptance to an offer be made?

a)

Written words

b)

Spoken words

c)

Conduct

d)

All of these

36.

Which essential of valid offer is missing in the example- A says to B "I will sell you a car"?

a)

Offer may be express

b)

The terms of an offer must be clear

c)

The offer must be communicated to offeree

d)

An offer must be made with an intention to create legal obligations

37.

Which of the following neither makes nor accepts any offer?

a)

Stranger

b)

Promisor

c)

Offerer

d)

Proposer

38.

Which type of contract is classified as, when the consent of the party was caused by coercion?

a)

Voidable

b)

Void

c)

Valid

d)

Illegal

39.

In a valid contract, what comes first?

a)

Enforceability

b)

Promise

c)

Proposal

d)

Acceptance

40.

Which one of the following is correct:

a)

Past consideration is no consideration

b)

Consideration can be past, present or future

c)

Consideration can only be present

d)

Consideration ca be present and future

41.

What is the essential component of a consideration?

a)

Move at the desire of the promisor

b)

Must be real

c)

Must be lawful

d)

All of these

42.

Indian contract act is based on

a)

The Hiss act

b)

The Mann act

c)

English common law

d)

Consumer Protection Act

43.

An agreement not enforceable by law is

a)

Valid Agreement

b)

Void Agreement

c)

Voidable Agreement

d)

Illegal Agreement

44.

An agreement between two parties that creates an obligation is a(n)

a)

Contract

b)

Tort

c)

Offer

d)

Purpose

45.

An offer made to large number of people to the whole world is known as ..............................

a)
General offer
b)

Specific Offer

46.

A contract will still be a valid contract if it is

a)

Opposed to public policy

b)

In restraint of marriage

c)

In restraint of Trade

d)

Without adequate consideration

47.

The consent given will be considered to be valid consent if there is

a)

Coercion

b)

Undue influence

c)

Free consent

d)

Misrepresentation

48.

What is consensus ad idem?

a)

identity of subject

b)

price

c)

identity of minds

d)

agreement

49.

mark which statement is true?

a)

all agreements are contracts

b)

all contracts are agreements

c)

all agreements are legal

d)

all agreements are not illegal

50.

what is void ab initio

a)

void

b)

voidable

c)

void from very beginning

d)

can be made valid

51.

Does silence amount to acceptance?

a)

Yes

b)

No

c)

Maybe

52.

A contract between two parties for illegal activities is not valid.

a)

True

b)

False

53.
the 2 types of contracts are ______ & _______
a)
real, illusory
b)
contingent, absolute
c)
real, fiduciary
d)
none
54.
contingent contracts are _______
a)
enforceable
b)
depends on outcome
c)
void
d)
voidable
55.
contingent agreement to do impossible act are,
a)
void
b)
valid
c)
voidable
d)
nothing
56.
uncertainity of happening and collateral events are the two essentials of _______ contract
a)
absolute
b)
valid
c)
contingent
d)
voidable
57.
quasi contracts are based on which principal?
a)
NEMO DAT QUAD NON HABET
b)
CAVEAT EMPTOR
c)
NEMO DEBET LOCUPLETARI EX ALIENA JACTURA
d)
none
58.
contracts based upon the principal of unjust enrichment are,
a)
Quasi
b)
Contingent
c)
Absolute
d)
voidable
59.
payment made by an interested person results into ______
a)
recovery of money
b)
right over money
c)
both A & B
d)
Quasi contract
60.
quasi contracts are
a)
void
b)
valid
c)
voidable
d)
illegal
61.
responsibility of finder of lost goods is to,
a)
sell that
b)
preserve it
c)
return it
d)
keep it
62.
deterioration can mean
a)
physical damage
b)
loss of special opportunity
c)
both A & B
d)
none
63.
Indian law makes no distinction between _______ & ________
a)
male, female
b)
major, minor
c)
penalty, liquidated damges
d)
all
64.
reasonable estimate of the likely loss is
a)
liquidated damages
b)
penalty
c)
fine
d)
all together
65.
amount fixed arbitrarily as damages payable is ________
a)
liquidated damages
b)
penalty
c)
fine
d)
none
66.
nominal damages are put to ______ defaulting party
a)
warn
b)
make friendship with
c)
Help
d)
arrest
67.
in case of goods deteriorated in transit, the aggreived party may,
a)
repudiate the contract
b)
sue for damages
c)
both A & B
d)
none
68.
there are ____ types of pre-fixed damages
a)
1
b)
2
c)
3
d)
0
69.
pre fixed damages are ______
a)
legal
b)
illegal
c)
free
d)
bad
70.
when a contract has been breached but the party treats it as rescission, the party so treating can,
a)
claim damages
b)
claim performance
c)
both A & B
d)
none
71.
condition for Quantum Meruit is ______-
a)
contract must be in force
b)
claimant must be right
c)
both A & B
d)
none
72.
when any party fails to perform his promise, he is said to have ______ the contract.
a)
ended
b)
loved
c)
breached
d)
none
73.
there are ____ types of breach
a)
4
b)
6
c)
3
d)
none
74.
there are ____ types of breach
a)
2
b)
6
c)
4
d)
none
75.
what is the effect of aniticipatory breach?
a)
promisee can sue for damages
b)
treat the contract as rescinded
c)
Both A & B
d)
none
76.
failure to perform may be
a)
during the performance
b)
when the performance is done
c)
whenever
d)
Both A & B
77.
compensation is not given for any ____ & _____ losses.
a)
remote, indirect
b)
direct, direct
c)
prefixed, liquidated
d)
all
78.
there are ____ types of damages
a)
4
b)
2
c)
5
d)
infinite
79.
are vindictive and exemplary damages different?
a)
yes
b)
no
c)
depends
d)
none
80.
vindictive damages are allowed only in case of ______
a)
breach of a promise to marry
b)
wrongful dishonour of cheque
c)
Both A & B
d)
none
81.
How can a contract be dischaged?
a)
However
b)
performance
c)
ordering
d)
all of these
82.
How can a contract be dischaged?
a)
By prerformance
b)
By attempting to perform
c)
By mutual agreement
d)
all of these
83.
Choose the odd one
a)
merger of rights
b)
laps of time
c)
performance
d)
beach
84.
Choose the odd one
a)
alteration
b)
novation
c)
rescission
d)
performance
85.
Choose the odd one
a)
death
b)
insolvency
c)
supervening impossibility
d)
performance
86.
Attempted performance and tender to perform are two different terms.
a)
absolutely wrong
b)
yes
c)
depends on case
d)
both B & C
87.
Which act puts time limit to discharge of contracts by lapse of time?
a)
The Indian Contract Act, 1872
b)
The Indian Constitution
c)
Limitation Act, 1963
d)
Any act in force
88.
example for merger of rights is,
a)
buying a house
b)
buying a rented car
c)
buying a rented office
d)
both B & C
89.
when a contract becomes unenforceable due to war, it is deemed as,
a)
discharge by mutual consent
b)
discharge by impossibility of performance
c)
discharge by lapse of time
d)
all of these
90.
when a contract is discharged, the obligations of that contract _______
a)
live forever
b)
come to an end
c)
reamain as they are
d)
none
91.
How can one appropriate his payments?
a)
According to dates
b)
As told by payee
c)
However
d)
All of these
92.
How does the law lets one pay his payments?
a)
According to dates
b)
As told by payee
c)
By bank
d)
All of these
93.
In novation
a)
Only party changes
b)
only subject changes
c)
both change
d)
nothing changes
94.
In alteration, the subject changes in some cases.
a)
true
b)
false
c)
maybe
d)
depends
95.
Terms & Conditions are slightly tweaked in ________
a)
Alteration
b)
Rescission
c)
Novation
d)
All of these
96.
When a promisee waives off the performance, the promisor has to _______
a)
perform
b)
do nothing
c)
both
d)
None
97.
Benefits received under a voidable contract must be restored if and only if
a)
contract is valid
b)
contract is void
c)
voidable
d)
none
98.
Benefits received under a voidable contract must be
a)
enjoyed
b)
sold
c)
restored
d)
All of these
99.
Benefits received under a voidable contract must be restored within
a)
6 days
b)
as court orders
c)
whenever free
d)
never
100.
Effects of neglect of promisee to give facilities is
a)
promisor can sue
b)
promisor can repusiate the contract
c)
both A & B
d)
None

Similar Resources on Wayground

Soal UP Terbaru

105 questions

Soal UP Terbaru

quiz

Worksheet

•

University

Imunologi

97 questions

Imunologi

quiz

Worksheet

•

University

EAL ELEC3/008: Principles of electrical science

99 questions

EAL ELEC3/008: Principles of electrical science

quiz

Worksheet

•

University

HESI and Final Exam Review (RAD 235)

100 questions

HESI and Final Exam Review (RAD 235)

quiz

Worksheet

•

University

Uji Pengetahuan Pemasaran Digital

100 questions

Uji Pengetahuan Pemasaran Digital

quiz

Worksheet

•

12th Grade - University

Revision I

100 questions

Revision I

quiz

Worksheet

•

University

WWW 2-5

100 questions

WWW 2-5

quiz

Worksheet

•

3rd Grade - University

Paket Soal Kearsipan 4.0

100 questions

Paket Soal Kearsipan 4.0

quiz

Worksheet

•

University