CONTRACT LAW MCQS SET 01

CONTRACT LAW MCQS SET 01

The Basics of the Indian Contract Act, 1872

1. The Indian Contract Act, 1872 is dividend into….. Chapters.
a) 3
b) 8
c) 10
d) 12

2. The Law of Contract is noting but
a) A child of commercial dealing
b) A child of religion
c) A child of day to day politics
d) A child of economics

3. The Contract Act came into force
a) From 1 September, 1872 but with retrospective effect
b) Before 1 September, 1872
c) From 1 September, 1872
d) After 1 September, 1872

4. The Contract Act applies to
a) Contracts made before 1 September,
1872
b) Contracts made on 1 September, 1868
c) Contracts made before 1 September,
1872 and to be enforced after 1
September, 1872
d) Contracts made on and after 1
September, 1872

5. An Indian mercantile law is based upon
a) Indian culture
b) British culture
c) England law
d) American law

6. An agreement consists of reciprocal promises between at least
a) Four parties
b) Six parties
c) Three parties
d) Two parties

7. Contractual rights and duties are created by
a) State
b) Statute
c) Parties
d) Custom or Usage

8. In India, the express provisions of the
Contract Act applies to
a) Hindus
b) Mohammedan
c) Business man
d) All of the above

9. Who said “Contract is an agreement creating and defining obligations between parties?”
a) Peter Drucker
b) Salmond
c) Austin
d) Drucker

10. Agreement is defined in Section……… of the Indian Contract Act, 1872.
a) 2(c)
b) 2(e)
c) 2(g)
d) 2(i)ANSWER:
1.c
2. a
3. c
4. d
5.c
6. d
7. c
8. d
9.b
10 . b