Indian Contract Act, 1872 – Nature of Contracts
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Information
♦ The meaning of the terms ‘agreement’ and ‘contract’ and note the distinction between the two.
♦ The essential elements of a contract.
♦ About various types of contract.
♦ The concept of offer and acceptance and rules of communication and revocation thereof.
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- Answered
- Review
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Question 1 of 100
1. Question
1 pointsWhich of the following is an essential element of a valid contract according to the Indian Contract Act, 1872?
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Question 2 of 100
2. Question
1 pointsWhat is the definition of a contract as per Section 2(h) of the Indian Contract Act, 1872?
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Question 3 of 100
3. Question
1 pointsWhat must an agreement include to be called a valid contract?
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Question 4 of 100
4. Question
1 pointsWhich section of the Indian Contract Act defines an agreement?
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Question 5 of 100
5. Question
1 pointsAccording to Indian Contract Act, 1872, when does a contract become voidable?
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Question 6 of 100
6. Question
1 pointsThe term ‘offer’ in a contract is defined in which section of the Indian Contract Act, 1872?
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Question 7 of 100
7. Question
1 pointsWhich of the following is NOT considered a type of offer?
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Question 8 of 100
8. Question
1 pointsWhat is required for the acceptance of a general offer?
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Question 9 of 100
9. Question
1 pointsWhich of the following cases established the principle of a general offer?
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Question 10 of 100
10. Question
1 pointsUnder what circumstances can an offer be revoked?
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Question 11 of 100
11. Question
1 pointsWhat is NOT required for a valid acceptance under the Indian Contract Act, 1872?
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Question 12 of 100
12. Question
1 pointsWhat is a ‘voidable contract’ under Section 2(i) of the Indian Contract Act, 1872?
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Question 13 of 100
13. Question
1 pointsWhen does communication of an offer become complete as per the Indian Contract Act?
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Question 14 of 100
14. Question
1 pointsA contract entered by a minor is:
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Question 15 of 100
15. Question
1 pointsA contract made under undue influence is:
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Question 16 of 100
16. Question
1 pointsWhich of the following is considered a contingent contract?
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Question 17 of 100
17. Question
1 pointsWhich section of the Indian Contract Act deals with revocation of proposals and acceptances?
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Question 18 of 100
18. Question
1 pointsIn which case is silence considered as acceptance?
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Question 19 of 100
19. Question
1 pointsUnder the Indian Contract Act, which of the following is NOT a valid consideration?
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Question 20 of 100
20. Question
1 pointsWhat type of contract results when one party has already performed their obligation, but the other party’s obligation is still outstanding?
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Question 21 of 100
21. Question
1 pointsWhich section of the Indian Contract Act defines ‘consideration’?
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Question 22 of 100
22. Question
1 pointsWhich of the following conditions must be met for an agreement to become a contract?
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Question 23 of 100
23. Question
1 pointsWhat is meant by ‘free consent’ under the Indian Contract Act, 1872?
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Question 24 of 100
24. Question
1 pointsWhich of the following elements does NOT affect free consent?
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Question 25 of 100
25. Question
1 pointsWhat is the legal effect of an agreement made without consideration under the Indian Contract Act?
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Question 26 of 100
26. Question
1 pointsIn case of breach of contract, what is the most common remedy provided by law?
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Question 27 of 100
27. Question
1 pointsA contract for the sale of goods becomes void if:
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Question 28 of 100
28. Question
1 pointsWhich of the following is NOT a type of contract on the basis of enforceability?
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Question 29 of 100
29. Question
1 pointsUnder Section 11, who is competent to contract?
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Question 30 of 100
30. Question
1 pointsWhat happens when a contract is made by a person of unsound mind?
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Question 31 of 100
31. Question
1 pointsA minor’s agreement is:
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Question 32 of 100
32. Question
1 pointsUnder the Indian Contract Act, an agreement without consideration is:
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Question 33 of 100
33. Question
1 pointsThe legal term for returning a person or thing to the position they were in before entering a contract is:
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Question 34 of 100
34. Question
1 pointsIn which of the following situations can an agreement be declared void under the Indian Contract Act?
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Question 35 of 100
35. Question
1 pointsWhich of the following best describes a ‘quasi-contract’?
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Question 36 of 100
36. Question
1 pointsWhich of the following is a case of ‘undue influence’ in a contract?
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Question 37 of 100
37. Question
1 pointsWhich of the following statements is true about an ‘illegal agreement’?
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Question 38 of 100
38. Question
1 pointsA ‘contract of indemnity’ is a contract in which:
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Question 39 of 100
39. Question
1 pointsWhat happens if there is no consensus ad idem between two parties to a contract?
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Question 40 of 100
40. Question
1 pointsWhat is meant by the term ‘coercion’ under the Indian Contract Act, 1872?
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Question 41 of 100
41. Question
1 pointsIn case of a counter-offer, the original offer:
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Question 42 of 100
42. Question
1 pointsA contract becomes void if:
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Question 43 of 100
43. Question
1 pointsAccording to the Indian Contract Act, a contract made under ‘fraud’ is:
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Question 44 of 100
44. Question
1 pointsWhat type of contract is created when one person finds lost goods and is obligated to return them to the true owner?
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Question 45 of 100
45. Question
1 pointsAn agreement in restraint of marriage, other than minor’s marriage, is:
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Question 46 of 100
46. Question
1 pointsWhat is the consequence if the consideration for a contract is illegal?
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Question 47 of 100
47. Question
1 pointsA ‘contract of guarantee’ is:
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Question 48 of 100
48. Question
1 pointsWhich of the following is NOT a valid contract under the Indian Contract Act, 1872?
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Question 49 of 100
49. Question
1 pointsThe phrase “consensus ad idem” refers to:
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Question 50 of 100
50. Question
1 pointsWhich of the following is NOT considered lawful consideration under the Indian Contract Act?
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Question 51 of 100
51. Question
1 pointsWhat happens if an offer is made but not accepted within a reasonable time?
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Question 52 of 100
52. Question
1 pointsUnder which circumstance can an agreement be classified as ‘void ab initio’?
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Question 53 of 100
53. Question
1 pointsWhich of the following is an essential element of a valid contract under Section 10 of the Indian Contract Act?
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Question 54 of 100
54. Question
1 pointsA contract is said to be discharged by frustration when:
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Question 55 of 100
55. Question
1 pointsThe communication of acceptance is complete as against the proposer when:
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Question 56 of 100
56. Question
1 pointsWhich of the following contracts is considered void due to uncertainty?
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Question 57 of 100
57. Question
1 pointsIn the case of misrepresentation, the contract is:
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Question 58 of 100
58. Question
1 pointsWhich of the following is an essential element of a contract of bailment?
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Question 59 of 100
59. Question
1 pointsWhat is the legal effect of a contract made by a person who is mentally incapacitated?
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Question 60 of 100
60. Question
1 pointsWhich of the following is a valid consideration under the Indian Contract Act?
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Question 61 of 100
61. Question
1 pointsWhich of the following is a requirement for a valid acceptance?
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Question 62 of 100
62. Question
1 pointsWhat is the effect of a contract that is voidable?
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Question 63 of 100
63. Question
1 pointsWhich of the following is a valid reason for a contract to be void?
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Question 64 of 100
64. Question
1 pointsWhat is the effect of a contract that is voidable?
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Question 65 of 100
65. Question
1 pointsWhich of the following is a valid reason for a contract to be void?
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Question 66 of 100
66. Question
1 pointsIn the case of a minor, what is the effect of a contract entered into?
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Question 67 of 100
67. Question
1 pointsWhat is the effect of a contract made under duress?
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Question 68 of 100
68. Question
1 pointsIn the case of a minor’s contract, what is the legal standing?
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Question 69 of 100
69. Question
1 pointsWhat is the effect of a contract made under coercion?
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Question 70 of 100
70. Question
1 pointsWhich of the following is a valid reason for a contract to be void?
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Question 71 of 100
71. Question
1 pointsWhat is the legal effect of a contract made with a minor?
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Question 72 of 100
72. Question
1 pointsWhat type of contract is made when one party is forced to agree?
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Question 73 of 100
73. Question
1 pointsWhat happens to a contract if the object is illegal?
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Question 74 of 100
74. Question
1 pointsWhich of the following is an example of a contingent contract?
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Question 75 of 100
75. Question
1 pointsWhat is the effect of a contract made with an unlawful object?
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Question 76 of 100
76. Question
1 pointsIn which of the following cases is a contract voidable?
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Question 77 of 100
77. Question
1 pointsWhich of the following is NOT a requirement for a valid contract?
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Question 78 of 100
78. Question
1 pointsWhich of the following is a case of ‘undue influence’ in a contract?
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Question 79 of 100
79. Question
1 pointsWhat is the effect of a contract made under duress?
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Question 80 of 100
80. Question
1 pointsWhat is the legal standing of a contract made with an illegal object?
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Question 81 of 100
81. Question
1 pointsWhich of the following is an example of a valid contract?
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Question 82 of 100
82. Question
1 pointsWhat is the outcome of a contract that is void?
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Question 83 of 100
83. Question
1 pointsWhich of the following is a characteristic of a valid contract?
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Question 84 of 100
84. Question
1 pointsWhat is the legal effect of a contract made under fraud?
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Question 85 of 100
85. Question
1 pointsWhich of the following is considered a valid consideration?
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Question 86 of 100
86. Question
1 pointsWhat is the primary purpose of a contract of indemnity?
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Question 87 of 100
87. Question
1 pointsWhat is the effect of a contract made under undue influence?
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Question 88 of 100
88. Question
1 pointsWhich of the following is an example of a valid contract?
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Question 89 of 100
89. Question
1 pointsWhat is the legal effect of a contract made under fraud?
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Question 90 of 100
90. Question
1 pointsWhich of the following is NOT a requirement for a valid contract?
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Question 91 of 100
91. Question
1 pointsWhat is the effect of a contract made under duress?
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Question 92 of 100
92. Question
1 pointsWhich of the following is a case of undue influence?
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Question 93 of 100
93. Question
1 pointsWhat is the legal standing of a contract made with a minor?
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Question 94 of 100
94. Question
1 pointsWhat is the outcome of a contract that is void?
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Question 95 of 100
95. Question
1 pointsWhat is the primary purpose of a contract of guarantee?
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Question 96 of 100
96. Question
1 pointsWhich of the following is NOT a valid contract under the Indian Contract Act, 1872?
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Question 97 of 100
97. Question
1 pointsThe phrase “consensus ad idem” refers to:
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Question 98 of 100
98. Question
1 pointsWhich of the following is NOT considered lawful consideration under the Indian Contract Act?
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Question 99 of 100
99. Question
1 pointsWhat happens if an offer is made but not accepted within a reasonable time?
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Question 100 of 100
100. Question
1 pointsUnder which circumstance can an agreement be classified as ‘void ab initio’?
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