WorksheetsContract and Consumer Protection Laws Quiz
Total questions: 30
Worksheet time: 15mins
A contract is defined as:
Any promise made between two parties
An agreement enforceable by law
A promise supported by consideration
A legally binding promise only in writing
Which of the following is NOT an essential element of a valid contract?
Free consent
Consideration
Lawful object
Personal relationship between parties
A proposal or offer becomes valid when it is:
Accepted and communicated
Written and notarized
Promised by one party
Approved by a third party
When does silence amount to acceptance?
Always
Never
Only when parties have agreed beforehand
When the offeror specifies silence as acceptance
Which of the following agreements is void?
Agreement with minor
Agreement supported by consideration
Agreement made by competent persons
Agreement with free consent
Consideration must be:
Always in cash
Past, present, or future
Provided only by promisee
Illegal and uncertain
Which of the following statements about capacity to contract is correct?
Minors can validly enter into contracts
Persons of unsound mind can enter contracts when lucid
Alien enemies can freely enter contracts
Insolvent persons cannot contract
Free consent is affected by all EXCEPT:
Coercion
Undue influence
Mistake
Healthy bargaining
Which type of mistake makes a contract void?
Mistake of fact by both parties
Mistake of law in India
Unilateral mistake of fact
Mistake of foreign law
A contract is discharged when:
Parties fulfill obligations
One party makes a new offer
Parties agree to renew terms
Offer is made but not accepted
Damages awarded to compensate actual loss are called:
Nominal damages
Special damages
Ordinary (general) damages
Exemplary damages
A quasi-contract arises:
Due to an agreement
Without contract but to prevent unjust enrichment
Because of coercion
From illegal consideration
Which of the following is NOT a negotiable instrument?
Promissory Note
Bill of Exchange
Cheque
Invoice
Holder in due course must acquire the instrument:
For free
In good faith and for consideration
After maturity
By force
Endorsement signifies:
Cancellation of an instrument
Transfer of rights on the instrument
Dishonour of instrument
Return of cheque
Crossing a cheque is meant to:
Make payment through a bank only
Prevent encashment
Cancel the cheque
Make cheque transferable
A cheque is dishonoured when:
Amount is very large
Signature mismatches
Endorsement is improper
All of the above
Negotiation by delivery is possible only for:
Order instruments
Bearer instruments
Crossed cheques
Stamped promissory notes
A bill of exchange involves how many parties?
One
Two
Three
Four
Liability of a holder in due course is:
Zero
Greater than ordinary holder
Same as drawer
Only moral
A “sale” under the SOGA means:
Transfer of goods without price
Transfer of ownership for a price
Temporary transfer
Bailment
A warranty is:
Essential condition
Non-essential stipulation
Mandatory requirement
A type of quasi-contract
Property in goods passes from seller to buyer when:
Contract is signed
Goods are delivered
As per intention of parties
Payment is made
Right of an unpaid seller includes:
Right of lien
Right of resale
Right of stoppage in transit
All of the above
Conditions in a contract of sale:
Can never be waived
Cannot be breached
May be treated as warranty voluntarily
Are optional
Goods are said to be specific goods when:
They are ascertained at the time of contract
They are future goods
They are generic goods
Buyer does not identify them
Consumer means a person who:
Buys goods for resale
Buys goods for consideration
Uses goods for commercial manufacturing
Buys goods without paying
District Consumer Forum deals with claims up to:
₹20 lakh
₹50 lakh
₹1 crore
₹10 crore
A consumer right includes:
Right to secrecy
Right to be heard
Right to unlimited credit
Right to free legal assistance always
Redressal under Consumer Protection Act includes:
Replacement of goods
Refund
Compensation for loss
All of the above
