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Indian Contract Act Law 100 MCQ With Free Exam SET:-1
Q81. A proposal cannot be revoked:
(A) By failure of the acceptor to fulfil a condition precedent to acceptance
(B) By lapse of the time prescribed in the proposal for its acceptance
(C) By insanity of the proposer, if the fact of insanity comes to the knowledge of the acceptor before acceptance
(D) After the communication of its acceptance is complete
Answer: After the communication of its acceptance is complete
Q82. A consigns goods to B for sale and gives him instructions not to sell under a fixed price. C, being ignorant of instructions, given to B, enters into a contract with B to buy the goods at a price lower than the reserved price-
(A) A is not bound by that contract
(B) A is bound by that contract
(C) The contract is void for A
(D) A has the right to honour the contract
Answer: A is bound by that contract
Q83. The provisions of Indian Contract Act override
(A) The provisions of Hindu law
(B) The provisions of Mohammedan law
(C) Usage or customs of trade
(D) All of the above
Answer: All of the above
Q84. Match List-I with List-II:
| List-I | Lis-II |
| a. A right which although, recognised by law, is not enforceable | 1. Proprietary Right |
| b. A person’s right in relation to his property | 2. Personal Right |
| c. A person’s right relating to status and that arising out of contract | 3. Imperfect Right |
| d. A right which does not create an immediate interest | 4. Contingent Right |
(A) a-1, b-2, c-3, d-4
(B) a-3, b-1, c-2, d-4
(C) a-2, b-3, c-4, d-1
(D) a-4, b-2, c-1, d-3
Answer: a-3, b-1, c-2, d-4
Q85. Assertion (A): The liability of the surety is coextensive with that of the principal debtor unless it is otherwise provided by the contract.
Reason (R): Any variance, made without the surety’s consent, in the terms of the contract between the principal debtor and the creditor, discharges the surety as to transactions subsequent to variance.
(A) Both A and R are true and R is the correct explanation of A
(B) Both A and R are true but R is not the correct explanation of A
(C) A is true but R is false
(D) A is false but R is true
Answer: Both A and R are true but R is not the correct explanation of A
Q86. Claim for necessaries of life supplied to a lunatic under Section 68 of Indian Contract Act, can be enforced against:
(A) The lunatic personally when he ceases to be lunatic
(B) The relative of lunatic
(C) The guardian of lunatic
(D) The lunatic’s property or estate
Answer: The lunatic’s property or estate
Q87. Law of contract primarily
(A) Specifies the circumstances in which promises are binding on the parties to the contract
(B) Lays down certain norms by which the parties are bound
(C) Lays down the circumstances under which a promise may be made
(D) All the above
Answer: Specifies the circumstances in which promises are binding on the parties to the contract
Q88. Which of the following cases is related to cross offer ?
(A) Adams v. Lindsell
(B) Tinn v. Hoffmann & Co.
(C) Household Fire & Accident Insurance Co. v. Grant
(D) Dunlop v. Higgins
Answer: Tinn v. Hoffmann & Co.
Q89. In which case it was held that if arbitrator acts in disregard of the contract and without jurisdiction then he commits legal misconduct
(A) Beed District Central Co-operative Bank Ltd. v. State of Maharashtra (2006)
(B) Food Corporation of India v. Chandu Construction (2007)
(C) Gurpreet Singh v. Union of India (2005)
(D) Saurabh Prasad v. DLF Universal Ltd. (2004)
Answer: Food Corporation of India v. Chandu Construction (2007)
Q90. Under the Contract Act, the consideration or object of an agreement is lawful, unless:
(A) It is forbidden by law
(B) It is impracticable
(C) It is impossible
(D) All of these
Answer: It is forbidden by law