CONTRACT LAW MCQS SET 07

CONTRACT LAW MCQS SET 07

The Basics of the Indian Contract Act, 1872

1. According to enforceability, the contracts may be classified as
a) Valid Contracts
b) Void Contracts
c) Voidable contracts
d) All of the above

2. According to Enghlish Law, the contracts may be classified as
a) Formal Contract
b) Simple Contract
c) Contract under seal
d) All of the above

3. In social agreements, the usual presumption is
a) That parties do not intend to create social relations
b) That parties intend to perform them
c) That parties do not intend to make legal and social relations
d) That the parties do not intend to create legal relations between them

4. A promised to marry B. Later on B died. This contract of marriage
a) Becomes void
b) Is void from very beginning
c) Is valid
d) Is illegal now

5. An implied contract is the one which comes into existence on account of
a) Conduct of the parties
b) Non-availability of a paper for writing
c) Inability of the parties to write or speak
d) Directions given by a court

6. A, a tradesman, left certain goods at B’s house by mistake. B treated and used the goods as his own. In this case, B is
a) Not liable to pay for the goods
b) Liable to be prosecuted under law
c) Liable to pay for the goods
d) Bound to inform police

7. A contract in which, under the terms of a contract, nothing remains to be done by either party is known as
a) Executed contract
b) Executory contract
c) Unilateral contract
d) None of the above

8. A contract in which, under the terms of a contract, one or both the parties have still to perform their obligations in future, is known as
a) Executed contract
b) Executory contract
c) Unilateral contract
d) None of the above

9. A contract entered on 31st October, 1872 is governed by the Indian Contract Act, 1872
a) If it was entered into India
b) If its performance was after 31st October 1872
c) If it was not performed at all
d) Any of the above

10. Contracts classified on the basis of performance are
a) Executed Contracts
b) Executory Contracts
c) Partly Executed or Partly Executory Contracts
d) All of the above

11. Express contract means a contract made by
a) Words either spoken or written
b) Documents
c) Both words and documents
d) All of the aboveANSWER:
1. d
2. d
3. d
4. a
5. a
6. c
7. a
8. b
9. a
10. d
11. d