Online Exam 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-7
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Subject : Mercantile Laws Questions : 30
Chapter : Other essential elements of a valid Contract-TEST 7
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Which of these agreements opposed to public policy
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Question 3 of 30
3. Question
1 points
Which of the agreements are expressly declared void
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Question 4 of 30
4. Question
1 points
Which contracts are not wagering Contracts
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Question 5 of 30
5. Question
1 points
In which cases the rule, “All agreement in Restrain of Trade are void” does not apply:
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Question 6 of 30
6. Question
1 points
Wagering Agreements are
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Question 7 of 30
7. Question
1 points
An agreement made under mistake of fact, by both the parties, forming the essential subject matter of the agreement is
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Question 8 of 30
8. Question
1 points
Which one of the following observation is most appropriate of the given problem? “A agrees to serve B as his house-keeper and also to live in adultery with him at a fixed salary of Rs.400/- per month.”
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Question 9 of 30
9. Question
1 points
X enters into a contract with Y through Y’s fraud. A can
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Question 10 of 30
10. Question
1 points
Which of the following types of contracts are generally termed uberrima fides contracts ?
Insurance contracts
Contract for purchase of car
Partnership contracts
Quasi-contract
Select the correct answer using the code given below:
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Question 11 of 30
11. Question
1 points
Which one of the following is an essential component of a valid contract?
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Question 12 of 30
12. Question
1 points
Unlawful detaining of threatening to detain any property with the intention of causing any person to enter into an agreement would amount to which one of the following ?
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Question 13 of 30
13. Question
1 points
Which of the following is a requirement for misrepresentation to exist?
It must be made with an intention to deceive the other party.
The person making a misrepresentation should not believe it to be true
Misrepresentation should relate to a material fact
The person making a misrepresentation should not believe it to true
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Question 14 of 30
14. Question
1 points
X contracts with Y to buy bangle believing it is made of pearls whereas in fact it is made of imitation pearls of no value. Y Knows that X is mistaken and takes no steps to correct the error. Now X wants to cancel the contract on the basis of fraud. Which of the following statement is correct.
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Question 15 of 30
15. Question
1 points
X agrees to pay Rs.10,000 Y if India wins the match and Y promises to pay a like amount to X if does not win the match, this agreement is called
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Question 16 of 30
16. Question
1 points
Which of the following agreements is/are void ?
Agreement by an outgoing partner with his partners not to carry on any business within a specified period or within specified local limits
Contingent Contracts
Agreement in restraint of legal proceedings
Agreement to stifle prosecution
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Incorrect
Question 17 of 30
17. Question
1 points
A _______ agreement is one, which is enforceable at the option of one party _______.
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Question 18 of 30
18. Question
1 points
Suppose the time fixed for performance of the contract has expired but the time is not essential. What is the remedy of the promisee in the circumstances ?
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Question 19 of 30
19. Question
1 points
Which of the following are covered under the heads Agreements Opposed to public policy ?
Contracts to do impossible acts
Trading with enemy
Trafficking in public offices
Marriage Brokerage Contracts
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Question 20 of 30
20. Question
1 points
A contract which is vitiated by undue influence is declared as which one of the following by the Indian Contact Act ?
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Question 21 of 30
21. Question
1 points
Consider the following
Active concealment of fact
Promise made without any intention of performing it
Breach of duty which gains and advantage to the person committing it
Inducing mistake as to subject matter
Which of the above amount to fraud?
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Question 22 of 30
22. Question
1 points
An agreement by a debtor not to raise the plea of limitation is
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Question 23 of 30
23. Question
1 points
The decision in Mohori Bibi v. Dhramdas Ghose was related to the
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Question 24 of 30
24. Question
1 points
Which one of the following propositions relating to a minor’s contract is true?
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Question 25 of 30
25. Question
1 points
The defence of “non est factum” is available to the contracting partly who has committed mistake as to the
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Question 26 of 30
26. Question
1 points
All innocent promises collateral to the main illegal promise contained in a contract will be regarded as
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Question 27 of 30
27. Question
1 points
Which one of the following will make an agreement void ?
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Question 28 of 30
28. Question
1 points
As a general rule, an agreement made without consideration is
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Question 29 of 30
29. Question
1 points
X agrees to sell his car worth Rs.10,000 to Y for Rs.2,000 only, and Y’s consent was obtained by coercion. Here, the agreement is
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Incorrect
Question 30 of 30
30. Question
1 points
‘X’, a tradesman, leaves goods at Y’s house by mistake ‘Y’ treats the goods as his own. Which one of the following remedies is available to ‘Y’ ?