Question with Answer LAW
1. When law makes out the contract for parties, although no contract might have been made by parties, such a contract is termed as:
(a) contract of frustration
(b) quasi-contact
(c) unenforceable agreement
(d) contract by obligation
Ans. (b)
2. A wagering agreement in India is declared by the Indian Contact Act as:
(a) illegal and void
(b) Void but not illegal
(c) voidable at the option of the aggrieved party
(d) immoral
Ans. (b)
3. 'A' makes a contract with 'B' to buy his house for Rs. 50,000 if he is able to secure a bank loan for that amount contract is :
(a) void for vagueness (b) wagering contract
(c) contingent contract (d) voidable contract
Ans. (c)
4. 'A', 'B' and 'C' jointly promise to pay Rs. 300 to 'P'.
'P' files a suit to recover the amount.
Which one of the following is correct?
(a) 'P' can sue each individually for their respective shares
(b) 'P' can sue 'A' for the recovery of Rs. 100 only
(c) Since 'A', 'B' and 'C' are joint promisors. 'P' can recover the amount from any one of them
(d) 'P' must make all the three parties based on
Ans. (c)
5. In India, the doctrine of impossibility of performance rendering contracts void is based on:
(a) the theory of implied term
(b) the theory of just and reasonable solution
(c) supervising impossibility or illegality as laid down in Section 56 of the Indian Contact Act
(d) principle of unjust enrichment
Ans. (c)
6. 'A' borrows Rs. 10,000 from 'B' with interest at 12 percent per annum, with a stipulation that in case of default 'A' shall be liable to pay interest at 475 percent from the date of default. 'A' commits the default. 'B' is entitled to recover from :
(a) 12% interest
(b) 75% interest
(c) 87% interest
(d) such compensation as the Court Considers reasonable
Ans. (d)
7. Contingent contracts to do or not to do anything if a specified uncertain event does not happen within a fixed time become :
(a) void, if before the time fixed, such event becomes possible
(b) valid, if before the time fixed, such event becomes impossible
(c) voidable, if before the time fixed, the promisor becomes lunatic
(d) illegal, if before the time fixed, the promisor dies
Ans. (b)
8. If the performance of contract become impossible, because of a supervening event, the promisor excused from the performance. This is known as :
(a) doctrine of estoppel
(b) doctrine of frustration
(c) doctrine of eclipse
(d) doctrine of caveat emptor
Ans. (b)
9. Damages awarded with a view to punish the party who commits the breach of contract are known as :
(a) liquidated damages
(b) punitive damages
(b) special damages
(d) general damages
Ans. (b)
10. Unlawful detaining of the reatening to detain any property with the intention of causing any person to enter into an agreement would amount to which one of the following?
(a) Unlawfully detention
(b) Duress
(c) Undue influence
(d) Coercion
Ans. (d)
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