Other Essential Elements of a Valid Contract
Online Mock Tests in Other essential elements of a valid Contract in Mercantile Laws for the preparation of professional exams of ca cpt, ca foundation, cs foundation, cma foundation
Other Essential Elements of a valid Contract -Test 2
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Subject : Mercantile Laws Questions : 30
Chapter : Other Essential Elements of a valid Contract-Test 2
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Question 1 of 30
1. Question
1 pointsS, a minor by fraudulently representing himself to be a major, induced L to lend him Rs 4 lakhs. He refused to repay it and L sued him for the money. The contract is :
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Question 2 of 30
2. Question
1 pointsAtul contracted to make and deliver 350 pairs of shoes to Bansi by 1st January. A strike of Atul’s employees prevented him from fulfilling his contract. In a suit by Bansi for breach of contract, Atul claimed that the contract was terminated by impossibility of performance. Was his defence good ?
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Question 3 of 30
3. Question
1 points“Consensus-ad-idem” means :
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Question 4 of 30
4. Question
1 pointsThe concept of “Duress” under English Contract Law is similar to :
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Question 5 of 30
5. Question
1 pointsX agrees to pay ‘Y’ Rs.5,000 if Y delivers a judgement in his favour in a suit,’Y’ does so but X refuses to pay any money. In this context which one of these gives the correct legal position of the agreement ?
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Question 6 of 30
6. Question
1 pointsA man, by the name of Sohan, called at a Jeweller shop and chose a costly ring. He tendered in payment a cheque, which he signed in the name of Garish, a person of credit. He took the ring and pledged it to Bola Nath, who had no notice of fraud. Can the jeweller recover the ring from Bola Nath ?
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Question 7 of 30
7. Question
1 pointsWhere an agreement consists of two parts one legal and other illegal, and the legal part is separable from the illegal one, such legal part is :
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Question 8 of 30
8. Question
1 pointsAn illiterate old woman made a gift deed for practically her entire property to her nephew who managed her affairs. The gift can be set aside on the grounds of:
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Question 9 of 30
9. Question
1 pointsAs a general rule minor’s agreements are :
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Question 10 of 30
10. Question
1 pointsN threatens L’s wife that their son M would be abducted if L did not lease out their land to him (N). This is a case of :
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Question 11 of 30
11. Question
1 pointsThe leading case, on the point that minor’s agreement is void ab initio, is :
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Question 12 of 30
12. Question
1 pointsWhich contracts are not wagering contracts ?
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Question 13 of 30
13. Question
1 pointsAn agreement in restraint of legal proceedings is void. It does not cover an agreement which :
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Question 14 of 30
14. Question
1 pointsA contract made by mistake about the Indian Law is :
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Question 15 of 30
15. Question
1 pointsWhich of the following statement is not correct ?
(i) A threat to commit suicide does not amount to coercion
(ii) Undue influence involves use of physical pressure
(iii) Ignorance of law is no excuse
(iv) Silence always amounts to fraud
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Question 16 of 30
16. Question
1 pointsWhere the pre-assumption of “Undue Influence ” does not exists :
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Question 17 of 30
17. Question
1 pointsIn which of the following agreements, restraint of trade is valid ?
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Question 18 of 30
18. Question
1 pointsIn a contract both the parties believe that the subject matter of the contract is in existence but which is infact not in existence. Agreement shall be :
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Question 19 of 30
19. Question
1 pointsA contract with resident of an enemy country is :
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Question 20 of 30
20. Question
1 pointsSilence does not amount to fraud unless silence is :
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Question 21 of 30
21. Question
1 pointsContract with a person of unsound mind is :
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Question 22 of 30
22. Question
1 pointsA tells B that he will be file a case against him for theft. B tells to A that he will give the half of the market price of the theft. This offer is :
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Question 23 of 30
23. Question
1 pointsIf mistake is unilateral then the contract is :
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Question 24 of 30
24. Question
1 pointsMistake as to a law not in force in India makes the contract _________ .
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Question 25 of 30
25. Question
1 pointsWhen parties enters into a contract under a mutual mistake of fact the contract is ____ .
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Question 26 of 30
26. Question
1 pointsIn Coercion _____ pressure is applied.
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Question 27 of 30
27. Question
1 pointsWhen parties do not intend to perform the contract they made, then it amounts to :
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Question 28 of 30
28. Question
1 pointsA, B and C are partners in a firm, when C retires, A and B restrict C not to be the same business for 3 years. The contract is :
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Question 29 of 30
29. Question
1 pointsAccording to Indian Contract Act, 1872 every person is competent to contract provided he :
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Question 30 of 30
30. Question
1 pointsSmith in order to enter into a contract with Johnson, obtains his consent by way of fraud. The contract is :
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