WorksheetsContracts (ANJ)
Total questions: 5
Worksheet time: 3mins
Which of the following is NOT a requirement for a valid contract under the Indian Contract Act?
Free consent of parties
Lawful consideration
A minimum of three witnesses
Competency of parties
In construction, what is the primary objective of a 'Breach of Contract' clause?
To define remedies when a party fails to perform their duties
To increase the project cost automatically
To allow the contractor to leave the site anytime
To change the project design
According to the Indian Contract Act 1872, what is the fundamental definition of a contract?
A signed document between a contractor and an owner
An agreement enforceable by law
Any verbal promise between two people
A set of drawings and specifications
What is a major advantage of a 'Lump Sum Contract' for a project owner?
Total cost is known before work begins
The owner takes all the risk of material price hikes
It is easy to make changes during construction
No detailed drawings are required
Which contract type is most suitable for works where the exact quantities cannot be determined in advance, such as earthwork or road construction?
Labour contract
Item rate (Unit Price) contract
Demolition contract
Lump sum contract
