Other Essential Elements of a Valid Contract
Online Quiz 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 3
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Subject : Mercantile Laws Questions : 30
Chapter : Other essential elements of a valid Contract-Test 3
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Question 1 of 30
1. Question
1 pointsWhen one party is in a position to dominate the will of other and uses that position to obtain an unfair advantage of the other. The consent is said to be obtained by:
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Question 2 of 30
2. Question
1 pointsWhich of the following can be a party to enter into a contract ?
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Question 3 of 30
3. Question
1 pointsSilence amounts to fraud when :
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Question 4 of 30
4. Question
1 pointsA person who had the means of discovering the truth with ordinary diligence can avoid the contract on the ground of misrepresentation, This statement is ________ .
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Question 5 of 30
5. Question
1 pointsIn relation to a Contract the term “Consensus-ad-idem” under the Indian Contract act 1872 means :
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Question 6 of 30
6. Question
1 pointsMistake relating to the identity of subject matter by both the parties is called ______ .
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Question 7 of 30
7. Question
1 pointsA person who enters into a contract with a minor is _______ .
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Question 8 of 30
8. Question
1 pointsAn intentional misrepresentation amounts to ______ .
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Question 9 of 30
9. Question
1 pointsA student agrees under pressure to gift his entire property to his education guru. Such contract can be set aside on grounds of :
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Question 10 of 30
10. Question
1 pointsY sold some goods to X which Y believes to be of superior quality where as they are of inferior quality. It is a case of :
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Question 11 of 30
11. Question
1 pointsX threatens Y “I shall kill your son if you do not contract to sell your land.” Y enters into the contract. It is a case of :
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Question 12 of 30
12. Question
1 points______ involves physical threat
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Question 13 of 30
13. Question
1 pointsAn agreement restraining a person from exercising a trade is
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Question 14 of 30
14. Question
1 pointsAn intentional misrepresentation accounts to _____ .
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Question 15 of 30
15. Question
1 pointsRam, a minor got injured his left leg in a football match. He engaged a doctor for the treatment of the leg. The doctor wants to claim for his services from the minor’s property. The claim of the doctor is _______ under the Indian Contract Act, 1872.
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Question 16 of 30
16. Question
1 pointsWhich of the following will stand under fiduciary relationship as per Indian Contract Act, 1872 ?
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Question 17 of 30
17. Question
1 pointsWhere one party is in a position to dominate the will of another and uses his position to obtain the consent of the other party, the consent is said to have been obtained by
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Question 18 of 30
18. Question
1 pointsWhich of the following statements is not correct ?
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Question 19 of 30
19. Question
1 pointsA minor’s liability for ‘necessaries’ supplied to him :
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Question 20 of 30
20. Question
1 pointsWhich one of the following statement is not correct ?
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Question 21 of 30
21. Question
1 pointsIn the famous case of Mohari Bibi V. Dharmodas Ghosh, the Court ruled that :
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Question 22 of 30
22. Question
1 pointsUnder the provisions of the Indian Contract Act, 1872, an ‘Agreement in Restraint of Trade’ is valid if the- agreement relates to :
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Question 23 of 30
23. Question
1 pointsAshok agreed to pay Rs.5,000 to a person to negotiate for his marriage. But he denied to pay the amount after the marriage. Advice the person whether he’ll be able to get the amount according to agreement :
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Question 24 of 30
24. Question
1 pointsZ purchases from X a ring, believing it is made of diamond. The fact is that the ring is made of some ordinary stone, which has no value. X knows that Z is mistaken and takes no steps to make Z understand that the ring is not made of Diamond. Z now wants to cancel the contract on the basis of fraud. In the given situation Z :
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Question 25 of 30
25. Question
1 pointsM, a person of 16 years of age enters into a contract with N, without disclosing his age, thereby inducing N to enter into a contract, the contract is
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Question 26 of 30
26. Question
1 pointsIn case a minor inherits, certain shares ______ .
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Question 27 of 30
27. Question
1 pointsIn a wagering agreement the event is :
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Question 28 of 30
28. Question
1 pointsIn case there is misrepresentation, the remedy left with parties is to _____ the contract.
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Question 29 of 30
29. Question
1 points_______ does not affect the free consent of the parties
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Question 30 of 30
30. Question
1 pointsA agrees to pay B Rs.10,000 if it rains today, otherwise B shall pay Rs.10,000. This is a _____ .
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