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Indian Contract Act Law 100 MCQ With Free Exam SET:-1

Q71. A contracts with B to deliver to him, at a specified price, certain merchandise on board a ship which cannot arrive for a month, and B engages to pay for the merchandise within a week from the date of the contract. B does not pay within a week.

(A) A’s promise to deliver and need not be performed
(B) A’s promise to deliver and needs to be performed
(C) B must make compensation
(D) Both A and C

Answer: Both A and C

Q72. In standard form contracts

(A) The individual has no choice but to accept
(B) The individual has many choices to accept or refuse
(C) The agreement is without consideration
(D) None of the above

Answer: The individual has no choice but to accept

Q73. Two or more persons are said to consent when

(A) They agree
(B) They agree upon the same thing
(C) They agree upon the same thing in the same sense
(D) They agree upon the same thing in the same sense at the given location

Answer: They agree upon the same thing in the same sense

Q74. Duty to mitigate damages on the part of injured party arises

(A) In cases of anticipatory breach
(B) In cases of breach at the time fixed for performance of the contract
(C) Both A and B
(D) Either A or B

Answer: Either A or B

Q75. Which of the following does not vitiate free consent under the provisions of Contract Act ?

(A) Mistake of law in force in India
(B) Undue influence
(C) Misrepresentation by mistake
(D) Mistake of fact by parties to the contract

Answer: Mistake of law in force in India

Q76. Right of lien, of an agent

(A) Is extinguished by his parting with the possession of the goods
(B) Is extinguished by destruction of goods accidentally
(C) Both A and B are correct
(D) Neither A nor B is correct

Answer: Is extinguished by his parting with the possession of the goods

Q77. A’ promises ‘B’ a job in government service and ‘B’ promises to pay? 10,000 for it. The agreement is-

(A) Void
(B) Voidable
(C) Enforceable on the direction of Government
(D) Enforceable on the direction of the High Court

Answer: Void

Q78. If a minor’s guardian makes a contract with an insurance company insuring minor’s property against fire, in the event of fire

(A) The minor is entitled to enforce his claim for compensation for loss of property against the insurance company
(B) The minor is not entitled to enforce his claim for compensation for loss of property against the insurance company
(C) The guardian of the minor is entitled to enforce his claim for compensation for loss of property against the insurance company
(D) No one is not entitled to enforce his claim for compensation for loss of property against the insurance company as the contract is void

Answer: The minor is entitled to enforce his claim for compensation for loss of property against the insurance company

Q79. A having contracted with B to supply B with 1000 tons of iron at 100 Rs. a ton, to be delivered at a stated time, contracts with C for the purchase of 1000 tons of iron at 80 Rs. a ton, telling C that he requires so for the purpose of performing his contract in B. C fails to perform, A will be entitled to

(A) Loss with he suffered @ Rs. 20 per ton
(B) No compensation
(C) Compensation for loss of profit alongwith any damages which he might have to pay to B on account of breach
(D) None of the above

Answer: Compensation for loss of profit alongwith any damages which he might have to pay to B on account of breach

Q80. In which of the following circumstances original contract need to be performed ?

(A) Novation
(B) Rescission
(C) Alteration
(D) Stipulation

Answer: Stipulation