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.
21. An acceptance on telephone should be
(a) Heard by the offeror
(b) Audible to the offeror
(c) Understood by the offeror
(d) All of the above.
Answer -d
22. Consideration in a contract:
(a) May be past, present or future
(b) May be present or future only
(c) Must be present only (d)
(d) Must be future only.
Answer -a
23. Agreement without consideration is valid, when made
(a) Out of love and affection due to near relationship
(b) To pay a time barred debt
(c) To compensate a person who has already done something voluntarily
(d) All of the above
Answer – d
24. If only a part of the consideration or object is unlawful, the Contract is
(a) Valid to the extent the same are lawful
(b) Void to the extent the same are unlawful
(c) Valid as a whole
(d) Void as a whole.
Answer d
25. The expression “Privity of contract” means
(a) A Contract is Contract between the parties only
(b) A Contract is a private document
(c) Only private documents can be contracts
(d) The contacts may be expressed in some usual and reasonable manner.
Answer -a
26. Under the Indian Contract Act, a third person
(a) Who is the beneficiary under the Contract can sue
(b) From whom the consideration has proceeded can sue
(c) Can not sue even if the consideration has proceeded from him.
(d) Can not sue at all for want of privity of contract.
Answer a
27. Which of the following is not Competent to Contract?
(a) A minor
(b) A person of unsound mind
(c) A person who has been disqualified from contracting by some Law
(d) All of these
Answer – d
28. “ Consensus – ad – idem” means ………
(a) General Consensus
(b) Meeting of minds upon the same thing in the same sense
(c) Reaching an agreement
(d) Reaching of contract
Answer -b
29. A Contract which is formed without the free consent of parties, is ……….
(a) Valid
(b) Illegal
(c) Voidable
(d) Void ab- initio
Answer -c
30. If an agreement suffers from any uncertainty. It is ………….
(a) Voidable
(b) Void
(c) Unenforceable
(d) Illegal.
Answer – b
