The Law of Equity is a legal concept that aims to provide fairness and justice in cases where the common law may fall short.
| Choose Your Language |
Law Of Equity Act GK 28 MCQ SET:-1
Q1. Statutory recognition of the principles of principles of equity is not found in
(A) Specific Relief Act, 1877
(B) Indian Contract Act, 1872
(C) The Sale of Goods Act, 1930
(D) Indian Succession Act, 1925
Answer: The Sale of Goods Act, 1930
Q2. Election must be made within
(A) 2 months
(B) 3 months
(C) Within reasonable time
(D) The time stipulated in the instrument
Answer: The time stipulated in the instrument
Q3. Equality means
(A) Literal equality
(B) Proportional equality
(C) Both (A) and (B)
(D) Neither (A) nor (B)
Answer: Proportional equality
Q4. Choose the correct statements
(1) Equitable interests can be settled, mortgaged and disposed of in the same way as legal interest
(2) In case of conflict between equity and law, equity prevails
(3) When equities are equal, that which is first in time will prevail
(A) (1), (2)
(B) (2), (3)
(C) (1), (3)
(D) (1), (2), (3)
Answer: (1), (3)
Q5. The primary source of equity is
(A) Custom
(B) Written law
(C) Judicial decisions
(D) Conscience
Answer: Conscience
Q6. English rules of equity have
(A) Been substantially incorporated by the Indian legislature
(B) Been partly incorporated by the Indian legislature
(C) Been wholly incorporated by the Indian legislature
(D) Not all been followed by the Indian Legislature
Answer: Been substantially incorporated by the Indian legislature
Q7. Equity delights in equality does not apply to
(A) Section 48 of Code of Civil Procedure
(B) Section 49 of Code of Civil Procedure
(C) Section 42 of Indian Contract Act
(D) Section 43 of the Indian Contract Act
Answer: Section 49 of Code of Civil Procedure
Q8. Choose the correct statement
(A) A litigant cannot seek equitable remedies as a matter of right as such remedies are at the discretion of the Court
(B) A litigant can seek equitable remedies as a matter of right as such remedies are the duty of the Court
(C) There is distinction between legal interest and equitable interest in India
(D) Statutory provisions shall apply only to legal interests and not equitable interests in India
Answer: A litigant cannot seek equitable remedies as a matter of right as such remedies are at the discretion of the Court
Q9. Choose the incorrect statement
(A) Legal claim is not barred by lapse of time less than the prescribed statutory period of limitation
(B) Equitable claim may be barred by delay on the part of the plaintiff seeking relief
(C) Legal or equitable claims to which the statutes of limitation apply, the maxim ‘delay defeats equity’ applies
(D) Unreasonable delay defeats equity
Answer: Legal or equitable claims to which the statutes of limitation apply, the maxim ‘delay defeats equity’ applies
Q10. Choose the correct answer
(A) Doctrine of Election under the English law aims at compensation
(B) Doctrine of Election under the Indian law aims at forfeiture or confiscation
(C) Both (A) and (B)
(D) Neither (A) nor (B)
Answer: Both (A) and (B)