Practice Test

1) Statement of lowest price at which the vendor would sell his good constitutes:

2) The Law of contract is nothing but -

3) Express agreement

4) A & B, being traders enter upon a contract's has private information of a change in prices which would affect B's willingness to proceed with the contract .Is A bound to inform,B ?

5) A agrees with B to discover treasure by magic .The agreement is

6) All agreement in restraint of trade are void & there are no exceptions to this rule

7) In case of special condition or terms in a contract ,the offeree is not bound or deemed to have accepted if such conditions

8) L says to J,'I shall sell my house, will you buy?" J says "Yes, I shall buy" The agreement is void due to

9) Where a contract has to be inferred from the conduct of parties ,it is called

10) A ,B & C jointly promised to pay Rs.30,000 to D .For recovery of this amount ,D filed a suit against A only .Is he justified ?

11) A stranger to contract

12) A promise to indemnify a firm of printers & publishers of a paper against consequences of publishing a libel

13) A & B contract to marry each other ,before the time fixed for the marriage, A goes mad. The contract becomes

14) Where there is a difficulty in interpretation ,it cannot be considered as vagueness for making an agreement void u/s 29

15) Sec.68 to 72 of the Indian Contract Act deal with

16) In case of pardanashin women ,the burden of proof lies with

17) When two or more persons have made a joint promise ,then, unless a country intention appears from the contract all such persons must fulfill the promise

18) An agreement by a newspaper proprietor not to comment on the conduct of a particular person is

19) A agrees to pay Rs.50 lakh to B if he brings on the earth a star from the sky. This agreement is

20) Section 27 of the Indian contract act declares an agreement in restraint of trade as

21) A contract is

22) A contract to marry a person shall be performed by

23) G books a ticket with airlines from Delhi to Chennai on 16th June, date of travel being 16th July Indian Airlines has to perform its part of contract on 16th July. this is an example of

24) Illegal agreement are

25) Where in alternative promise ,one part is illegal, only the legal part can be enforced

26) Which of these are opposed to public policy

27) Contractual rights & duties are created by

28) A contract which is valid initially however ,ceases to be enforceable subsequently

29) All illegal agreement are void; but all void agreement are not illegal

30) As per section 2(e) of the Indian contract act 'every promise & every set of promise forming the consideration for each other is a/an

31) Indian Contract Act, 1872 is passed by

32) Which of the following is void ?

33) The law of contract in India is contained in

34) An agreement enforceable by law is a

35) A void agreement is one which is

36) An agreement enforceable by law through one or more parties, but not at the option of other or other is

37) All promises collateral to main illegal promise contained in a contract will be regarded as

38) An agreement is void if it is opposed to public policy. Which of the following is not covered by heads of public policy ?

39) On the valid performance of the contractual obligations by the parties, the contract

40) Which of these is correct ?

41) Which one is void ab initio i.e. void form the very beginning

42) Is the statement true or false;" All contracts are agreements but all agreement are not contract."

43) S agrees to sell is DVD player to R promising to the deliver at the date of payments. R promises to the pay the amount, one month hence. This is an example of

44) A agrees to pay Rs 50,000 to B if he kills C the agreement is

45) A sells the goodwill of his business to B & agrees with him to refrain from carrying on a similar business within specified local limits .This contract is

46) An agreement which is enforceable by law at the option of one or more of the parties theoreon but not at the option of the other is a

47) Mr. A books a ticket with spice Jet from Delhi to Bangalore on 16th June, date journey being 16th august. This is example of

48) R.an optical ,S as the assistance for a term of 3 years & S agrees not to practice as a surgeon during this period .This contract is

49) Implied contract ,even if not in writing or express words,is perfectly ____if other conditions are satisfied

50) F promised to pay his son S a sum of Rs.1 lakh if S, passed C.A. exams in the first attempt ., S passed the exam in the first attempt , but F failed to pay the amount as promised . S files a suit for recovery of the amount . State whether S can recover the amount under the Indian Contract Act 1872.

51) A asks B a watch repairer, to repair his watch without forming any contractual relationship, still a legal relationship has arisen and it will create ----------

52) Voidable Contract are:

53) Illegal Contract

54) Valid Contract

55) A contract where both the parties have fulfilled their respective obligation is called :

56) A contract where both the parties are still to perform their respective promise is called :

57) A contract when Only one party has to parform his promise is called :

58) A contract in which is both the parties have to perform the promises is called :

59) A contract is

60) An agreement not enforceable by law is said to be void under Section of the Indian Contract Act

61) Illegal Contract

62) On 1st July, Mr. D agree to buy M's cycle by promisng to pay cash on 15th july. M agrees to deliver the cycle on 20th july. This is a case of

63) Express Contract

64) Bilateral Contract

65) Legal obligation means a duty enforceable by

66) Compensation for voluntary services

67) Only one party due to perform

68) Law of contract is

69) A contract is said to be executed when it has been performed wholly on

70) A contract

71) Which of these is correct ?

72) The Indian Contract Act, 1872 came into force on

73) The Indian Contract Act, 1872 applies to

74) The Indian Contract Act does not have a ----------------

75) The Contract Act, 1872, is based on the principals of

76) An agreement not enforceable by law is said to be :

77) A / an ----------- is a contract which was enforceable by law when originally created but due to happening of some evens, it ceases to be enforceble by law.

78) The meaning of an agreement must be

79) The Indian Contract Act, 1872 received its assent on

80) The condition for enforceability of an agreement is defined in --------- of Indian Contract Act

81) Contract is defined as an agreement enforable by law , vide Section of the Indian Contract Act

82) Which of the following are not essential elements for a valid contract.

83) Agreement is defined in Section of the Indian Contract Act

84) The usual presumption is that the parties intend to create legal relations.

85) Express contract is made by :

86) Cash withdrawn through ATM of a Bank is:

87) A agrees to buy from B a certain dogs .it turns out that the dog was dead at the time of bargin ,though neither party was aware of the fact

88) Where an agreement is entered into between two parties and in a real life its impossible to perform such agreement then such agreements are called as :

89) The first step in creating an agreement is

90) An agreement of purely domestic and social nature is

91) Contractual right and duties are created by :

92) Raj agree to sell 5 tone of oil to Ramesh at whatever price Ramesh may pay. The agreement is void for

93) A promise to pay for the past voluntary service to be binding

94) A one - sided contract in which only one party has to perform his promises called.

95) Agreements the meaning of which is not certain ,or capable of being made certain are

96) If a certain agreement is expressly declared to be void by the law of a country, then such agreement, if entered into,-------- enforceable by the court.

97) Case Balfour vs.Balfour deals with

98) A contract creates

99) Jus in rem means

100) A right which can be exercised only against the other party with whom the contract is entered is called

101) A contract creates------------

102) In commercial and business agreements, the intention of the parties to create legal relationship is -

103) Who said " Contract is an agreement creating and defining obligations between parties" ?

104) Implied contract is made :

105) Where a contract is good in substance but because of some technical defect cannot be enforced by law is called ----------

106) H, in coolie uniform at the railway station carried the luggage of Z, a passenger, from the platform to the taxi stand without being the asked by Z to do so and Z does no attempt to stop him from carrying the luggage. In this case, Z ------------ to make payment to H.

107) Yatra travels operates AC buses from Mumbai to Nasik. The bus is standing at the bus stop in Mumbai waiting for passenger travelling to Nasik and is ready for departure. There is an -------------- for passengers to board. The bus

108) A ----------- is either judgment of a Court or a recognisance

109) A ----------------- is the one which derives its binding force form its form alone

110) Mr. X owns a flat in Channai. He is entitled to quiet possession and enjoyment of his property. This is called

111) One of the clauses in an agreement is not a formal or legal agreement, and shall not be subjected to legal jurisdiction in a court of law". In such case, the agreement is

112) ----------------- is presumed in an commercial agreement.

113) A saves B's property from fire

114) Jus in personam means

115) A stranger to a contract means

116) In case of trusts, the beneficiary, being a stranger to a contract

117) In case of family settlement, the person for whose benefit the provision is made under the family arrangement and is a stranger to the contract

118) The expression "privity of contract" means

119) An assignee being a stranger to a contract

120) The doctrine of privity of a contract means that a contract is a ----------- between the parties to the agreement

121) Who can enter into an agreement with a person that has been declared insolvent ?

122) The Indian Contract Act, 1872 extends to -

123) Every contract is an agreement but every agreement is not a contract. This statement is -

124) Status obligations arise:

125) Which one of the following is an essential element of a valid contract?

126) Under the Indian Contract Act 1872, which of the following is not an essential element of a Valid Contract?

127) In relation to a contract the term "Consensus-ad- idem" under the Indian Contact act 1872 means:

128) A promise to pay Rs. 1000 to B if B writes 100 pages in one minute. This is known as

129) A invites B for his son's wedding. B accepts the invitation. In this case, there is a / an -

130) A invites B for his son's wedding. B accepts the invitation. In this case, there is an agreement but no contract, since -

131) F promised to pay his son S a sum of ? 1 lakh if S passed C.A. exams in the first attempt. S passed the exam in the first attempt, but F failed to pay the amount as promised. S files a suit for recovery of the amount. State whether S can recover the amount under the Indian Contract Act, 1872.

132) In commercial and business agreements, the intention of the parties to create legal relationship is -

133) In agreements of purely domestic / social nature, the intention of the parties to create legal relationship is -

134) Mohan invited Sohan for a dinner. Sohan by expending Rupees 200 went to Mohan's house. By the time Sohan reached Mohan's house it was locked and Sohan stayed in a Hotel. Can sohan ________

135) D was enfeebled by disease. B his medical attendant influenced him to agree to pay B an unreasonable sum for his professional services. D's consent is not free and is based on undue influence. This contract is

136) _______ does not effect the free consent of the parties.

137) Voidable Contract is one which:

138) When the contract is perfectly valid in its substance but cannot be enforced because of certain technical defects. This is called a/an -

139) _______ is good in substance, but suffers from technical defect like Non-Registration.

140) Drawing cash from ATM, sale by fall of hammer at an auction sale, etc, are examples of -

141) ………. is a one-sided contract in which only one party has to perform his promise or obligation.

142) G books a ticket with Indian Airlines from Delhi to Chennai on 16th June, date of travel being 16th July. Indian Airlines has to perform its part of contract on 16th July. This is an example of -

143) Where the obligation or promise in a contract is outstanding on the part of both parties, it is called -

144) _______ Contract is made without any intention of parties

145) An agreement with intention to create legal liability is not enforceable in law.

146) All kinds of obligations created between the parties from part of the contracts.

147) A contract to purchase a black horse, which was dead at the time of bargain, is voidable.

148) A proposal when accepted becomes a contract.

149) An illegal contract is fatal to the main contract, but not to collateral transactions.

150) Every agreement is necessarily regarded a contract.

151) An agreement which is enforceable by law at the option of one or more of the parties thereto, but not at the option of the other or others, is void.