Indian Contract Act 1872 MCQ
What is a Contract according to Indian Contract Act 1872 ?
Indian Contract Act frames and validates the contracts or agreements between various parties. Contract Act is one of the central laws that regulate and oversee all the business wherever there is a case of a deal or an agreement. The following section will tell us what a contract is.
We will see how the Indian Contract Act, 1872 defines a contract. We will also define the terms as per the Act and see what that means. In these topics, we will decipher all the vivid aspects of the Contract Act. Let us begin by understanding the concept of a contract.
11. Every agreement and promise enforceable by law is …………….
(a) Offer
(b) Contract
(c) Acceptance
(d) Consideration
Answer – b
12. As per section 2(e) of the Indian Contract Act, “Every Promise and every set of promise forming the consideration for each other is a/an
(a) Contract
(b) Agreement
(c) Offer
(d) Acceptance
Answer – b
13. A promises to deliver his watch to B and, in return, B Promise to pay a sum of ` 2,000. There is said to be a/ an
(a) Agreement
(b) Proposal
(c) Acceptance
(d) Offer
Answer – a
14. For an acceptance to be valid, it must be
(a) Partial & qualified
(b) Absolute & unqualified
(c) Partial & unqualified
(d) Absolute & qualified
Answer – b
15. Which of the following is false? An offer to be Valid must
(a) Contain a term the non- compliance of which would amount to acceptance.
(b) Intend to create legal relations.
(c) Have certain and unambiguous terms.
(d) Be communicated to the person to whom it is made.
Answer – a
16. Over a cup of coffee in a restaurant, X Invites Y to dinner at his house on a Sunday. Y hires a taxi and reaches X’s house at the appointed time , but x fails to perform his promise. Can Y recover any damages from X?
(a) Yes, as y has suffered
(b) No, as the intention was not to create legal relation.
(c) Either (a) or (b)
(d) None of these.
Answer – b
17. Which one of the following has the correct sequence.
(a) Offer, acceptance, consideration, offer.
(b) Offer, acceptance , consideration, contract
(c) Contract, acceptance, consideration, offer.
(d) Offer, consideration, acceptance, contract.
Answer – b
18. In Commercial and business agreements, the intention of the parties to create legal relationship is
(a) Presumed to exist
(b) To be specifically expressed in writing
(c) Not relevant or all
(d) Not applicable.
Answer – a
19. Offer implied from conduct of parties or from circumstances of the case is called ………..
(a) Implied offer
(b) Express offer
(c) General offer
(d) Specific offer
Answer – a
20. An offer is revoked
(a) By the death or insanity of the proposer
(b) By Lapse of time
(c) By Communication of notice of revocation
(d) All of these
Answer -d
