CONTRACT LAW MCQS SET 57

CONTRACT LAW MCQS SET 57

Void Agreements and Contingent Contract

1. A agrees to pay Rs 5,000 to be if B’s car is brunt, it is
a. Void
b. Voidable contract
c. Wagering agreement
d. Contingent contract

2. Which of the following is not an essential requirement of a valid contingent contract?
a. The performance must be conditional
b. The event must be uncertain
c. The event must from a part of the contract
d. The event must be independent

3. A agrees to purchase B’s horse for Rs 5,000. if the house proved lucky. It is
a. A contingent contract
b. Not contingent contract
c. Void agreement
d. Valid contract
4. A agrees to purchase B’s horse for Rs 5,000. It is
a. A contingent contract
b. Not contingent contract
c. Void agreement
d. Valid contract

5. A contract dependent on the will of the promisor is
a. An uncertain contract
b. A contingent contract
c. A forbidden contract
d. A voidable contract

6. A promises to pay Rs 5,000 to B if he feels like to pay. This agreement is
a. Valid
b. Voidable
c. Void
d. Illegal

7. Which of the following statements is correct?
a. Contingent contracts are void
b. Contingent contracts are valid
c. Contingent contracts are voidable
d. Contingent contracts fall in the category of wagering agreements

8. B agrees to sell to A ‘’1 kg of grain at a price to be fixed by C’’.
a. The agreement is valid
b. The agreement is void
c. The agreement is voidable
d. The agreement is illegal

9. The difference between contingent contract and wagering agreements’ are as follows
a. A wagering agreement, consists of reciprocal promises whereas a contingent contract may not contain reciprocal promises
b. In wagering agreement the uncertain event is the sole determining factor while in a contingent contract the event is only collateral
c. Wagering agreement consists of reciprocal promises whereas a contingent contract may not contain such promises
d. All of the above

10. A agrees to pay Rs 50,000 to B if she brings a Dinosaur from forest.
a. This is void agreement
b. This is a quasi contract
c. This is an implied contract
d. This is a wagering conduct
ANSWER:

1. d
2. c
3. c
4. d
5. a
6. c
7. b
8. a
9. d
10. a