Other Essential Elements of a valid Contract – Test 10

X agrees to pay Rs.15 lakhs to Y if he (y) procures an employment for X in Income Tax Department. This agreement is

X agrees to pay Rs.10,000 to Y if he kills Z. The agreement is

An agreement to pay money or money’s worth on the happening or non-happening of a specified uncertain event, is a

As per section 20, the contract is void on account of bilateral mistake of fact. but as per section 22, if there is mistake of only one party, then the contract is

A contract made by mistake about the India Law, is

Which of the following statements is not true about minor’s position in a firm ?

Where the consent of both parties is given by-mistake, the contract is

Misrepresentation need not be made directly to the person involved. A wrong statement of facts made to a third person with an intent to communicate it to the party involved amounts to misrepresentation

When the consent to the contract is caused by coercion, the contract is

Essential features of Misrepresentation is

To make a contract voidable, Coercion must have been exercised against

Essential features of Misrepresentation is represented by

It is not necessary that coercion must have been exercised against the promisor only, if may be directed at any person.

To be covered under misrepresentation, the statement must be wrong, but the person making it belived it to be true.

“Coercion” and “Duress” include threat to goods, or property of another person also.

________ is a statement of fact which one party makes in the course of negotiations with a view to inducing the other party to enter into a contract.

Which of the following agreements, Restraint of Trade is valid?

_______ of the Indian Contract Act deals with “partially unlawful object/consideration”.

“Consent” is dealt with under Section _______ of the Indian Contract Act.

Section _______ of the Indian Contract Act deals with “Misrepresentation”.

Consideration and object of an agreement is unlawful if it

The Seller of Goodwill of a business may agree with the Buyer to refrain from carrying on a similar business, within specified local limits, so long as the buyer or any other person deriving title to Goodwill from him carries on a like business.

Misrepresentation under Section 18 represents.

Under Section 13 of Indian Contract Act “Consent means agreeing on the same thing

When a seller of Goodwill of a business agrees not to carry on similar business, the limits and conditions imposed have to be ______, having regard to the nature of the business.

Consideration and object of an agreement is unlawful if it

If a person positively asserts that a fact is true when his information does not warrant it to be so, though he believes it to be true, there is

“Consensus-ad-idem” means

Person making a false statement believes the statement to be true and does not intend to mislead the other party to the contract it is known as

X a seller of limitation jewellery, sells his business to Y and promises, not to carry on business in imitation jewellery and real jewellery. The agreement is